PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) Director Catherine A. Lynch bought 949 shares of the company's stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of $12.54 per share, for a total transaction of $11,900.46. Following the completion of the transaction, the director now directly owns 38,581 shares of the company's stock, valued at approximately $483,805.74. The trade was a 2.52 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
PennyMac Mortgage Investment Trust Trading Down 0.9 %
PennyMac Mortgage Investment Trust stock opened at $12.79 on Wednesday. PennyMac Mortgage Investment Trust has a 12-month low of $11.77 and a 12-month high of $15.22. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.40 and a beta of 1.50. The firm has a 50 day moving average of $12.99 and a 200 day moving average of $13.56. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.56.
PennyMac Mortgage Investment Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 12.51%. The ex-dividend date was Friday, December 27th. PennyMac Mortgage Investment Trust's dividend payout ratio is currently 117.65%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on PMT. JMP Securities reiterated a "market outperform" rating and issued a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Wedbush reiterated a "neutral" rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, PennyMac Mortgage Investment Trust has an average rating of "Moderate Buy" and a consensus target price of $15.20.
View Our Latest Research Report on PennyMac Mortgage Investment Trust
Institutional Investors Weigh In On PennyMac Mortgage Investment Trust
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its stake in shares of PennyMac Mortgage Investment Trust by 58.0% in the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 822 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter valued at approximately $28,000. Simplify Asset Management Inc. bought a new stake in shares of PennyMac Mortgage Investment Trust during the third quarter valued at approximately $143,000. Aigen Investment Management LP purchased a new position in shares of PennyMac Mortgage Investment Trust in the third quarter worth $152,000. Finally, Longboard Asset Management LP bought a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $160,000. 67.38% of the stock is owned by institutional investors.
PennyMac Mortgage Investment Trust Company Profile
(
Get Free Report)
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.
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