PennyMac Mortgage Investment Trust (NYSE:PMT) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 43.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,412 shares of the real estate investment trust’s stock after selling 60,791 shares during the quarter. GSA Capital Partners LLP owned about 0.09% of PennyMac Mortgage Investment Trust worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PMT. Wolverine Asset Management LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 105.8% in the third quarter. Wolverine Asset Management LLC now owns 461,323 shares of the real estate investment trust’s stock worth $6,578,000 after buying an additional 237,210 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in PennyMac Mortgage Investment Trust by 3.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 141,280 shares of the real estate investment trust’s stock valued at $2,015,000 after acquiring an additional 4,753 shares in the last quarter. Principal Financial Group Inc. increased its stake in PennyMac Mortgage Investment Trust by 18.2% during the 3rd quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust’s stock valued at $7,221,000 after buying an additional 77,955 shares during the period. QRG Capital Management Inc. lifted its position in PennyMac Mortgage Investment Trust by 5.0% in the third quarter. QRG Capital Management Inc. now owns 23,036 shares of the real estate investment trust’s stock worth $328,000 after purchasing an additional 1,093 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in PennyMac Mortgage Investment Trust by 4.4% during the third quarter. Janney Montgomery Scott LLC now owns 56,794 shares of the real estate investment trust’s stock worth $810,000 after acquiring an additional 2,387 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Wedbush reaffirmed a “neutral” rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. JMP Securities raised their target price on PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the company a “market outperform” rating in a report on Friday, July 19th. Piper Sandler lowered their price objective on PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust has an average rating of “Hold” and a consensus target price of $14.93.

Insider Activity at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 37,010 shares of PennyMac Mortgage Investment Trust stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.01, for a total transaction of $518,510.10. Following the sale, the director now directly owns 49,114 shares in the company, valued at $688,087.14. The trade was a 42.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently owned by insiders.

PennyMac Mortgage Investment Trust Stock Down 0.4 %

PMT opened at $13.06 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.85 and a current ratio of 0.41. The company has a market capitalization of $1.13 billion, a P/E ratio of 9.68 and a beta of 1.51. The stock has a fifty day moving average of $13.91 and a 200-day moving average of $13.94. PennyMac Mortgage Investment Trust has a fifty-two week low of $12.81 and a fifty-two week high of $15.89.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $80.86 million for the quarter, compared to analyst estimates of $93.75 million. PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, equities analysts expect that PennyMac Mortgage Investment Trust will post 1.29 EPS for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 annualized dividend and a yield of 12.26%. PennyMac Mortgage Investment Trust’s payout ratio is currently 117.65%.

PennyMac Mortgage Investment Trust 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.