PennyMac Mortgage Investment Trust (NYSE:PMT) Director Sells $210,685.00 in Stock

PennyMac Mortgage Investment Trust (NYSE:PMT) Director Doug Jones sold 14,530 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total value of $210,685.00. Following the transaction, the director now owns 64,082 shares in the company, valued at approximately $929,189. This trade represents a 18.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

PennyMac Mortgage Investment Trust Price Performance

PennyMac Mortgage Investment Trust stock opened at $14.76 on Friday. The stock’s fifty day moving average price is $13.30 and its two-hundred day moving average price is $13.57. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market cap of $1.28 billion, a PE ratio of 11.09 and a beta of 1.51.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. As a group, research analysts expect that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 10.84%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 120.30%.

Analysts Set New Price Targets

Separately, JMP Securities reiterated a “market outperform” rating and set a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.20.

Institutional Investors Weigh In On PennyMac Mortgage Investment Trust

A number of large investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its holdings in shares of PennyMac Mortgage Investment Trust by 58.0% in the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 822 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of PennyMac Mortgage Investment Trust by 0.4% in the 4th quarter. Rhumbline Advisers now owns 264,702 shares of the real estate investment trust’s stock valued at $3,333,000 after purchasing an additional 1,001 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of PennyMac Mortgage Investment Trust by 5.0% in the 3rd quarter. QRG Capital Management Inc. now owns 23,036 shares of the real estate investment trust’s stock valued at $328,000 after purchasing an additional 1,093 shares in the last quarter. Caprock Group LLC boosted its holdings in shares of PennyMac Mortgage Investment Trust by 9.3% in the 3rd quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of PennyMac Mortgage Investment Trust in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.