As Marketbeat reports, shares of PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report ) have received a consensus rating of “Hold” from the 6 analysts covering the company. Four research analysts have rated the stock with a hold rating, and two have issued a buy rating to the company's stock. The average 12-month target price among analysts who have issued ratings on the company's stock in the past year is $14.92.
A number of equity research analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, April 18th. Piper Sandler reaffirmed a “neutral” rating and set a $14.50 to $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, May 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Monday, April 29th.
Read the latest analysis on PMT
PennyMac Mortgage Mutual Fund Stock Performance
Shares of NYSE:PMT opened trading at $13.77 on Monday. The company's 50-day moving average is $14.01 and its 200-day moving average is $14.21. The company's quick ratio is 0.34, current ratio is 0.34 and debt-to-equity ratio is 1.37. The company has a market capitalization of $1.2 billion, a price-to-earnings ratio of 9.18 and a beta of 1.51. PennyMac Mortgage Investment Trust's 52-week low is $10.52 and its 52-week high is $15.89.
PennyMac Mortgage Investment Trust announces dividend
The company also recently declared a quarterly dividend, which is scheduled to be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, July 12th. This equates to a dividend of $1.60 on an annualized basis, or a yield of 11.62%. PennyMac Mortgage Investment Trust's dividend payout ratio is currently 106.67%.
PennyMac Mortgage Mutual Fund Institutional Trading
A number of hedge funds have recently modified their holdings of this stock. Texas Permanent School Fund increased its holdings of PennyMac Mortgage Investment Trust by 1.6% in the first quarter. Texas Permanent School Fund now owns 75,812 shares of the real estate investment trust worth $1,113,000 after purchasing an additional 1,179 shares in the last quarter. ProShare Advisors LLC increased its holdings of PennyMac Mortgage Investment Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 17,524 shares of the real estate investment trust worth $257,000 after purchasing an additional 1,207 shares in the last quarter. National Bank of Canada FI increased its holdings of PennyMac Mortgage Investment Trust by 94.9% in the fourth quarter. National Bank of Canada FI now owns 3,292 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,603 shares in the last quarter. Roble Berco & Company acquired a new stake in PennyMac Mortgage Investment Trust in the first quarter for $29,000. Finally, Victory Capital Management increased its stake in PennyMac Mortgage Investment Trust by 16.0% in the fourth quarter. Victory Capital Management now owns 17,702 shares of the real estate investment trust's stock valued at $265,000 after acquiring an additional 2,439 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.
PennyMac Mortgage Investment Trust Company Profile
(Get your free report
PennyMac Mortgage Investment Trust, through its subsidiaries, invests primarily in mortgage-related assets in the United States. The company operates through the following segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies and Correspondent Production. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinated mortgage-backed securities (MBS), non-performing loans and real estate.
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