PennyMac Mortgage Investment Trust (NYSE:PMT) Director Stacey D. Stewart sold 702 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $23.39, for a total value of $16,419.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of PMT stock opened at $23.52 on Friday. The firm has a fifty day moving average of $23.05 and a 200-day moving average of $22.55. The company has a quick ratio of 0.56, a current ratio of 0.54 and a debt-to-equity ratio of 0.32. PennyMac Mortgage Investment Trust has a 12-month low of $19.74 and a 12-month high of $23.79. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 2.10 and a beta of 0.62.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $155.04 million for the quarter, compared to analysts’ expectations of $133.35 million. PennyMac Mortgage Investment Trust had a net margin of 46.31% and a return on equity of 12.68%. During the same period in the previous year, the firm posted $0.63 EPS. On average, equities analysts expect that PennyMac Mortgage Investment Trust will post 2.23 EPS for the current year.
A number of research firms have issued reports on PMT. Compass Point began coverage on PennyMac Mortgage Investment Trust in a research note on Monday, December 2nd. They issued a “neutral” rating and a $22.50 target price for the company. Nomura restated a “buy” rating and issued a $24.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Sunday, February 9th. ValuEngine raised PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Zacks Investment Research cut PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $23.44.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PMT. Flagship Harbor Advisors LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 24.7% in the third quarter. Flagship Harbor Advisors LLC now owns 2,521 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 500 shares in the last quarter. Millennium Management LLC lifted its position in PennyMac Mortgage Investment Trust by 50.4% during the 3rd quarter. Millennium Management LLC now owns 583,914 shares of the real estate investment trust’s stock worth $12,980,000 after buying an additional 195,749 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in PennyMac Mortgage Investment Trust by 11.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,945 shares of the real estate investment trust’s stock worth $377,000 after buying an additional 1,760 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the 2nd quarter worth about $6,164,000. Finally, Comerica Bank boosted its stake in shares of PennyMac Mortgage Investment Trust by 15.0% during the 3rd quarter. Comerica Bank now owns 84,482 shares of the real estate investment trust’s stock worth $1,914,000 after buying an additional 11,008 shares during the last quarter. 64.18% of the stock is currently owned by hedge funds and other institutional investors.
PennyMac Mortgage Investment Trust Company Profile
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).
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