PennyMac Mortgage Investment Trust (NYSE:PMT) insider David Spector sold 18,750 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $16.91, for a total transaction of $317,062.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

David Spector also recently made the following trade(s):

  • On Wednesday, October 11th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was sold at an average price of $17.39, for a total transaction of $326,062.50.
  • On Wednesday, October 4th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was sold at an average price of $17.61, for a total transaction of $330,187.50.
  • On Wednesday, September 27th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was sold at an average price of $17.40, for a total transaction of $326,250.00.

PennyMac Mortgage Investment Trust (PMT) opened at 16.88 on Friday. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.09 and a beta of 0.49. The company has a 50-day moving average of $17.12 and a 200 day moving average of $17.57. PennyMac Mortgage Investment Trust has a one year low of $14.71 and a one year high of $18.46.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.05). PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. The business had revenue of $83.96 million for the quarter, compared to analyst estimates of $80.12 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 76.4% on a year-over-year basis. On average, analysts anticipate that PennyMac Mortgage Investment Trust will post $1.60 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.88 annualized dividend and a yield of 11.14%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 109.94%.

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A number of large investors have recently bought and sold shares of the stock. Shell Asset Management Co. boosted its position in PennyMac Mortgage Investment Trust by 34.3% during the 3rd quarter. Shell Asset Management Co. now owns 81,995 shares of the real estate investment trust’s stock worth $1,757,000 after buying an additional 20,951 shares during the period. Eqis Capital Management Inc. boosted its position in PennyMac Mortgage Investment Trust by 24.5% during the 3rd quarter. Eqis Capital Management Inc. now owns 18,147 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 3,575 shares during the period. Public Employees Retirement System of Ohio boosted its position in PennyMac Mortgage Investment Trust by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,207 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 304 shares during the period. Sterling Capital Management LLC boosted its position in PennyMac Mortgage Investment Trust by 9.2% during the 2nd quarter. Sterling Capital Management LLC now owns 63,364 shares of the real estate investment trust’s stock worth $1,159,000 after buying an additional 5,348 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in PennyMac Mortgage Investment Trust by 2.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,153 shares of the real estate investment trust’s stock worth $387,000 after buying an additional 533 shares during the period. Institutional investors and hedge funds own 62.48% of the company’s stock.

PMT has been the topic of a number of research reports. Zacks Investment Research lowered shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods lowered shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $19.00 to $18.00 in a report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.00.

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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