Somewhat Positive Press Coverage Extremely Likely to Impact PennyMac Mortgage Investment Trust (NYSE:PMT) Share Price
News articles about PennyMac Mortgage Investment Trust (NYSE:PMT) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 96 out of 100, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- PennyMac Mortgage Investment Trust (PMT) Issues Quarterly Earnings Results (americanbankingnews.com)
- EPS for PennyMac Mortgage Investment Trust (PMT) Expected At $ (topactu.net)
- The BidaskClub Upgrades PennyMac Mortgage Investment Trust (PMT) to “Strong-Buy” (campdesrecrues.com)
- PennyMac Mortgage Investment Trust (PMT) Analysts See $0.43 EPS (healthcaremenu.net)
- Head to Head Contrast: PennyMac Mortgage Investment Trust (NYSE:PMT) versus Hatteras Financial Corp. (HTS) (americanbankingnews.com)
Shares of PennyMac Mortgage Investment Trust (PMT) remained flat at $17.68 during mid-day trading on Thursday. The stock had a trading volume of 258,329 shares. The stock has a 50-day moving average of $17.95 and a 200-day moving average of $17.49. PennyMac Mortgage Investment Trust has a 1-year low of $14.28 and a 1-year high of $18.46. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 13.81 and a beta of 0.52.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.08. PennyMac Mortgage Investment Trust had a net margin of 31.67% and a return on equity of 6.52%. Analysts anticipate that PennyMac Mortgage Investment Trust will post $1.68 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 13th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.63%. The ex-dividend date of this dividend was Tuesday, July 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 150.40%.
PMT has been the subject of a number of recent research reports. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. BidaskClub cut PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Wednesday, April 19th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.46.
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In other PennyMac Mortgage Investment Trust news, CEO David Spector sold 8,235 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $17.59, for a total value of $144,853.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrew S. Chang sold 1,937 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $17.64, for a total transaction of $34,168.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,626 shares of company stock valued at $222,229. Insiders own 1.80% 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. (its Operating Partnership) and its subsidiaries.
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