PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report ) is scheduled to release its earnings results after the market closes on Tuesday, July 23rd. Analysts expect the company to report earnings per share of $0.34 for the quarter. Investors interested in joining the company's conference call can do so using this link.
PennyMac Mortgage Mutual Fund volume fell 0.4%.
Shares of PennyMac Mortgage Investment Trust opened at $14.50 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.37. PennyMac Mortgage Investment Trust has a 12-month low of $10.52 and a high of $15.89. The stock's 50-day simple moving average is $13.99 and its 200-day simple moving average is $14.15. The company has a market capitalization of $1.26 billion, a P/E ratio of 9.67 and a beta of 1.51.
PennyMac Mortgage Mutual Fund Dividend Announcement
The company also recently declared a quarterly dividend, which is scheduled to be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.40 per share. This equates to an annualized dividend of $1.60, or a dividend yield of 11.03%. The ex-dividend date is Friday, July 12th. PennyMac Mortgage Investment Trust has a dividend payout ratio of 106.67%.
Analyst upgrades and downgrades
PMT has been the subject of several analyst reports. JMP Securities increased their price target on PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the stock an “outperform market average” rating in a research note on Friday. Keefe, Bruyette & Woods raised their rating on PennyMac Mortgage Investment Trust from “outperform market average” to “outperform” and raised their price target for the company from $15.00 to $15.50 in a research note on Wednesday, July 10th. Piper Sandler reissued a “neutral” rating on shares of PennyMac Mortgage Investment Trust and raised their price target from $14.50 to $15.00 in a research note on Thursday, May 9th. Finally, Wedbush reiterated a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Monday, April 29. Five equities research analysts have rated the stock with a hold rating, and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “hold” and a consensus price target of $15.07.
Read our latest analysis for PennyMac Mortgage Investment Trust
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.
References
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