ValuEngine lowered shares of PennyMac Mortgage Investment Trust (NYSE:PMT) from a buy rating to a hold rating in a research report released on Monday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded PennyMac Mortgage Investment Trust from a strong sell rating to a hold rating in a research report on Wednesday, July 26th. BidaskClub downgraded PennyMac Mortgage Investment Trust from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, Keefe, Bruyette & Woods downgraded PennyMac Mortgage Investment Trust from an outperform rating to a market perform rating and dropped their price objective for the stock from $19.00 to $18.00 in a research report on Tuesday, October 10th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $17.33.

Shares of PennyMac Mortgage Investment Trust (NYSE PMT) opened at $15.38 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. PennyMac Mortgage Investment Trust has a 1 year low of $14.87 and a 1 year high of $18.46. The firm has a market capitalization of $987.48, a price-to-earnings ratio of 10.56 and a beta of 0.54.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.18). PennyMac Mortgage Investment Trust had a return on equity of 7.44% and a net margin of 36.07%. The business had revenue of $75.80 million for the quarter, compared to the consensus estimate of $81.72 million. During the same quarter in the prior year, the company earned $1.06 earnings per share. PennyMac Mortgage Investment Trust’s quarterly revenue was down 26.6% compared to the same quarter last year. analysts predict that PennyMac Mortgage Investment Trust will post 1.64 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Monday, October 30th. Shareholders of record on Friday, October 13th were given a $0.47 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.88 annualized dividend and a yield of 12.22%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 132.39%.

In other PennyMac Mortgage Investment Trust news, insider David Spector sold 18,750 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $17.61, for a total value of $330,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 75,000 shares of company stock valued at $1,299,563 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Sei Investments Co. raised its position in PennyMac Mortgage Investment Trust by 20,756.3% in the third quarter. Sei Investments Co. now owns 6,674 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 6,642 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in PennyMac Mortgage Investment Trust by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 7,207 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 304 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in PennyMac Mortgage Investment Trust in the second quarter valued at about $184,000. Jane Street Group LLC bought a new position in PennyMac Mortgage Investment Trust in the first quarter valued at about $190,000. Finally, M&T Bank Corp raised its position in PennyMac Mortgage Investment Trust by 4.8% in the second quarter. M&T Bank Corp now owns 10,900 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 63.35% of the company’s stock.

About PennyMac Mortgage Investment Trust

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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