PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.
PennyMac Mortgage Investment Trust Stock Up 0.7 %
Shares of PennyMac Mortgage Investment Trust stock traded up $0.09 during trading on Thursday, reaching $13.32. The company had a trading volume of 318,035 shares, compared to its average volume of 615,696. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 8.29 and a beta of 1.48. The firm’s fifty day moving average is $14.06 and its 200-day moving average is $13.89. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.28 and a current ratio of 0.28. PennyMac Mortgage Investment Trust has a fifty-two week low of $10.52 and a fifty-two week high of $15.89.
PennyMac Mortgage Investment Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.40 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.01%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 99.38%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on PMT
Insider Activity at PennyMac Mortgage Investment Trust
In related news, Director Doug Jones sold 7,810 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $14.34, for a total transaction of $111,995.40. Following the completion of the sale, the director now owns 53,311 shares of the company’s stock, valued at approximately $764,479.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.90% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of PMT. Norges Bank bought a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth about $10,708,000. First Trust Advisors LP grew its position in PennyMac Mortgage Investment Trust by 546.1% in the 4th quarter. First Trust Advisors LP now owns 615,614 shares of the real estate investment trust’s stock worth $9,203,000 after purchasing an additional 520,338 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in PennyMac Mortgage Investment Trust by 11.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,609,260 shares of the real estate investment trust’s stock worth $63,746,000 after purchasing an additional 460,177 shares during the last quarter. JPMorgan Chase & Co. grew its position in PennyMac Mortgage Investment Trust by 55.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,103,922 shares of the real estate investment trust’s stock worth $13,611,000 after purchasing an additional 395,970 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of PennyMac Mortgage Investment Trust by 5.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,688,236 shares of the real estate investment trust’s stock worth $58,088,000 after acquiring an additional 227,513 shares during the period. Institutional investors own 67.38% of the company’s stock.
About PennyMac Mortgage Investment Trust
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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