PennyMac Mortgage Investment Trust (NYSE:PMT) released its results on Thursday. The real estate investment trust reported ($0.28) EPS for the quarter, missing Thomson Reuters consensus estimate of $0.49 per ($0.77), MarketWatch Earnings reports. PennyMac Mortgage Investment Trust posted a return on equity of 7.49% and a net margin of 26.51%. In the same quarter a year earlier, the company earned earnings per share of $0.78.
NYSE PMT shares were down $0.84 at midday Friday, hitting $16.07. 23,765 shares of the stock trade in hands, compared to its average volume of 870,205. The company has a 50-day moving average of $17.77 and a two-hundred-day moving average of $18.91. The company has a market capitalization of $1.56 billion, a P/E ratio of 12.17 and a beta of 1.13. The company has a debt ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63. PennyMac Mortgage Investment Trust has a one-year minimum of $16.57 and a one-year maximum of $21.53.
The company also recently declared a quarterly dividend, which was paid on Monday, January 31. Shareholders of record on Friday, December 31 received a dividend of $0.47 per share. The ex-dividend date was Thursday, December 30. This represents an annualized dividend of $1.88 and a dividend yield of 11.70%. PennyMac Mortgage Investment Trust’s payout ratio is 142.43%.
An institutional investor recently increased his position in the shares of PennyMac Mortgage Investment Trust. Morgan Stanley increased its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 6.6% during the 2nd quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The company held 845,207 shares of the real estate investment trust after purchasing an additional 51,965 shares during the quarter. Morgan Stanley held 0.86% of PennyMac Mortgage Investment Trust worth $17,800,000 when it last filed with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 70.82% of the company’s shares.
Several equity research analysts have recently commented on PMT stocks. B. Riley lowered his price target on PennyMac Mortgage Investment Trust shares from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, December 9. Zacks Investment Research downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a Thursday, Jan. 6 research note. BTIG Research upgraded PennyMac Mortgage Investment Trust from a “neutral” rating to a “buy” rating and set a price target of $18.50 on the stock in a research note on Friday, January 7. Barclays reduced its price target on PennyMac Mortgage Investment Trust from $19.00 to $18.00 in a research note on Monday January 10. Finally, Piper Sandler cut her price target on PennyMac Mortgage Investment Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a Wednesday, Jan. 5 research note. They noted that the move was a review call. One analyst rated the stock with a sell rating, three assigned a hold rating and five assigned the company a buy rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.09.
Company Profile PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a financial company that invests primarily in residential mortgages and mortgage-related assets. It operates through the following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies and Corporate Activities. The Correspondent Generation segment is engaged in the purchase, pooling and resale of newly issued investment grade mortgages, either directly or in the form of mortgage-backed securities in the mortgage markets. capital.
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