Thornburg Investment Management Inc. raised its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 0.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,176,261 shares of the real estate investment trust’s stock after purchasing an additional 16,844 shares during the period. Thornburg Investment Management Inc. owned 3.32% of PennyMac Mortgage Investment Trust worth $37,845,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PMT. Principal Financial Group Inc. bought a new stake in PennyMac Mortgage Investment Trust during the first quarter valued at about $243,000. Teachers Advisors LLC grew its holdings in PennyMac Mortgage Investment Trust by 1.3% during the first quarter. Teachers Advisors LLC now owns 117,391 shares of the real estate investment trust’s stock valued at $2,084,000 after purchasing an additional 1,492 shares during the period. Renaissance Technologies LLC bought a new stake in PennyMac Mortgage Investment Trust during the first quarter valued at about $2,388,000. State Street Corp grew its holdings in PennyMac Mortgage Investment Trust by 2.3% during the first quarter. State Street Corp now owns 1,442,322 shares of the real estate investment trust’s stock valued at $25,602,000 after purchasing an additional 31,942 shares during the period. Finally, AQR Capital Management LLC grew its holdings in PennyMac Mortgage Investment Trust by 1.1% during the first quarter. AQR Capital Management LLC now owns 90,360 shares of the real estate investment trust’s stock valued at $1,604,000 after purchasing an additional 940 shares during the period. 62.97% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on PMT. Zacks Investment Research lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a report on Thursday. BidaskClub raised PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Keefe, Bruyette & Woods lowered 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 note on Tuesday, October 10th. Finally, ValuEngine lowered PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. PennyMac Mortgage Investment Trust has an average rating of “Hold” and a consensus price target of $18.50.

PennyMac Mortgage Investment Trust (NYSE PMT) traded up $0.21 during midday trading on Thursday, hitting $15.77. The stock had a trading volume of 1,066,600 shares, compared to its average volume of 473,318. The company has a market capitalization of $1,020.24, a price-to-earnings ratio of 10.96 and a beta of 0.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 0.78. PennyMac Mortgage Investment Trust has a 1 year low of $14.87 and a 1 year high of $18.46.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). The business had revenue of $75.80 million during the quarter, compared to the consensus estimate of $81.72 million. PennyMac Mortgage Investment Trust had a return on equity of 7.59% and a net margin of 36.07%. The business’s revenue was down 26.6% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS. sell-side analysts forecast that PennyMac Mortgage Investment Trust will post 1.64 earnings per share for the current fiscal year.

In other news, insider David Spector sold 18,750 shares of the company’s 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 75,000 shares of company stock valued at $1,299,563. Corporate insiders own 2.08% of the company’s stock.

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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.

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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