PennyMac Mortgage Investment Trust (NYSE:PMT) received a $15.00 price target from stock analysts at Barclays PLC in a report released on Monday. The firm presently has a “hold” rating on the stock. Barclays PLC’s target price points to a potential downside of 6.66% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. JMP Securities reissued a “buy” rating on shares of PennyMac Mortgage Investment Trust in a research note on Sunday, November 6th. Keefe, Bruyette & Woods cut their target price on PennyMac Mortgage Investment Trust from $18.50 to $18.00 and set an “outperform” rating for the company in a research note on Monday, August 8th. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 18th. Nomura reissued a “hold” rating and set a $16.00 target price on shares of PennyMac Mortgage Investment Trust in a research note on Friday, November 4th. Finally, Wedbush assumed coverage on PennyMac Mortgage Investment Trust in a research note on Wednesday, October 5th. They set a “neutral” rating and a $16.75 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.78.

Analyst Recommendations for PennyMac Mortgage Investment Trust (NYSE:PMT)

Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) traded up 1.18% during trading on Monday, reaching $16.26. The company had a trading volume of 131,393 shares. The firm has a market capitalization of $1.08 billion, a P/E ratio of 19.40 and a beta of 0.62. The firm’s 50 day moving average price is $15.27 and its 200 day moving average price is $15.43. PennyMac Mortgage Investment Trust has a 12 month low of $10.91 and a 12 month high of $16.93.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Friday, October 7th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date was Wednesday, October 5th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 229.27%.

In related news, Director Scott W. Carnahan bought 3,341 shares of the stock in a transaction on Wednesday, September 21st. The shares were purchased at an average price of $15.22 per share, for a total transaction of $50,850.02. Following the acquisition, the director now owns 49,203 shares in the company, valued at $748,869.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in PennyMac Mortgage Investment Trust during the third quarter valued at about $107,000. Public Employees Retirement System of Ohio boosted its stake in PennyMac Mortgage Investment Trust by 10.4% in the second quarter. Public Employees Retirement System of Ohio now owns 6,707 shares of the company’s stock valued at $109,000 after buying an additional 633 shares during the period. Royal Bank of Canada boosted its stake in PennyMac Mortgage Investment Trust by 12.5% in the second quarter. Royal Bank of Canada now owns 6,977 shares of the company’s stock valued at $113,000 after buying an additional 774 shares during the period. Teacher Retirement System of Texas boosted its stake in PennyMac Mortgage Investment Trust by 6.2% in the second quarter. Teacher Retirement System of Texas now owns 9,640 shares of the company’s stock valued at $156,000 after buying an additional 565 shares during the period. Finally, Joel Isaacson & Co. LLC acquired a new stake in PennyMac Mortgage Investment Trust during the third quarter valued at about $156,000. Institutional investors and hedge funds own 62.32% of the company’s stock.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. It operates through two segments: correspondent production and investment activities.

5 Day Chart for NYSE:PMT

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