Media coverage about PennyMac Mortgage Investment Trust (NYSE:PMT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.7163461180856 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s rankings:

PennyMac Mortgage Investment Trust (NYSE:PMT) traded up 0.70% during midday trading on Friday, hitting $17.20. The company had a trading volume of 378,021 shares. The company has a market cap of $1.15 billion, a P/E ratio of 10.28 and a beta of 0.51. PennyMac Mortgage Investment Trust has a one year low of $14.28 and a one year high of $18.46. The company’s 50 day moving average is $17.20 and its 200-day moving average is $17.54.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). The company had revenue of $83.96 million during the quarter, compared to analyst estimates of $80.12 million. PennyMac Mortgage Investment Trust had a net margin of 37.97% and a return on equity of 8.67%. PennyMac Mortgage Investment Trust’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. On average, equities analysts predict that PennyMac Mortgage Investment Trust will post $1.64 EPS for the current year.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.46.

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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.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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