PennyMac Mortgage Investment Trust $PMT Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 967.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,070 shares of the real estate investment trust’s stock after acquiring an additional 145,076 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of PennyMac Mortgage Investment Trust worth $1,806,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of PennyMac Mortgage Investment Trust by 142.1% in the 1st quarter. Bessemer Group Inc. now owns 2,189 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,285 shares in the last quarter. Clearstead Advisors LLC increased its position in PennyMac Mortgage Investment Trust by 184.3% during the 4th quarter. Clearstead Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,815 shares in the last quarter. Allworth Financial LP acquired a new stake in PennyMac Mortgage Investment Trust during the 2nd quarter worth approximately $33,000. Public Employees Retirement System of Ohio acquired a new stake in PennyMac Mortgage Investment Trust during the 2nd quarter worth approximately $38,000. Finally, Advisory Services Network LLC purchased a new position in PennyMac Mortgage Investment Trust in the third quarter valued at approximately $50,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

PennyMac Mortgage Investment Trust Trading Up 0.2%

NYSE PMT opened at $9.19 on Friday. The stock has a market cap of $800.93 million, a P/E ratio of 6.47, a PEG ratio of 0.68 and a beta of 1.14. The company’s fifty day simple moving average is $9.65 and its 200-day simple moving average is $10.66. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 9.18. PennyMac Mortgage Investment Trust has a 52 week low of $9.05 and a 52 week high of $13.81.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.07). PennyMac Mortgage Investment Trust had a return on equity of 12.50% and a net margin of 47.79%.The firm had revenue of ($46.00) million for the quarter, compared to analysts’ expectations of $93.93 million. Equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.03 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Thursday, October 8th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 17.4%. The ex-dividend date of this dividend is Thursday, October 8th. PennyMac Mortgage Investment Trust’s payout ratio is presently 112.68%.

Analysts Set New Price Targets

Several research firms have issued reports on PMT. Piper Sandler decreased their price objective on shares of PennyMac Mortgage Investment Trust from $11.50 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Zacks Research downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. UBS Group reduced their target price on shares of PennyMac Mortgage Investment Trust from $11.25 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Wells Fargo & Company decreased their price target on shares of PennyMac Mortgage Investment Trust from $12.00 to $10.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Saturday, August 15th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, PennyMac Mortgage Investment Trust currently has an average rating of “Hold” and an average price target of $11.50.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.