Shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) have earned a consensus recommendation of "Hold" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.92.
PMT has been the subject of a number of research analyst reports. Wedbush reiterated a "neutral" rating and issued a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research note on Monday, April 29th. JMP Securities reiterated a "market outperform" rating and issued a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, April 18th. Finally, Piper Sandler restated a "neutral" rating and set a $15.00 price objective (up from $14.50) on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, May 9th.
View Our Latest Analysis on PMT
PennyMac Mortgage Investment Trust Price Performance
NYSE:PMT opened at $13.72 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market cap of $1.19 billion, a P/E ratio of 9.14 and a beta of 1.50. The company has a fifty day moving average price of $14.04 and a 200 day moving average price of $14.31. PennyMac Mortgage Investment Trust has a one year low of $10.52 and a one year high of $15.89.
PennyMac Mortgage Investment Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 11.67%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is presently 106.67%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of PMT. Vaughan Nelson Investment Management L.P. grew its holdings in shares of PennyMac Mortgage Investment Trust by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,571,966 shares of the real estate investment trust's stock worth $23,501,000 after purchasing an additional 64,055 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in PennyMac Mortgage Investment Trust by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,360,869 shares of the real estate investment trust's stock worth $20,345,000 after buying an additional 61,287 shares during the last quarter. Invesco Ltd. increased its holdings in shares of PennyMac Mortgage Investment Trust by 2.8% during the third quarter. Invesco Ltd. now owns 1,213,989 shares of the real estate investment trust's stock worth $15,053,000 after buying an additional 32,803 shares in the last quarter. Norges Bank bought a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $9,781,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of PennyMac Mortgage Investment Trust by 4.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 643,252 shares of the real estate investment trust's stock worth $9,443,000 after acquiring an additional 28,121 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.
About PennyMac Mortgage Investment Trust
(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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