Campbell & CO Investment Adviser LLC Takes $482,000 Position in PennyMac Mortgage Investment Trust $PMT

Campbell & CO Investment Adviser LLC purchased a new position in PennyMac Mortgage Investment Trust (NYSE:PMT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,496 shares of the real estate investment trust’s stock, valued at approximately $482,000.

Several other institutional investors have also recently added to or reduced their stakes in PMT. Vanguard Group Inc. grew its holdings in PennyMac Mortgage Investment Trust by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,623,312 shares of the real estate investment trust’s stock worth $140,982,000 after acquiring an additional 30,334 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in PennyMac Mortgage Investment Trust by 0.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,895,196 shares of the real estate investment trust’s stock worth $86,365,000 after purchasing an additional 20,578 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PennyMac Mortgage Investment Trust by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,525,689 shares of the real estate investment trust’s stock valued at $22,351,000 after buying an additional 5,295 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PennyMac Mortgage Investment Trust by 71.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,335,101 shares of the real estate investment trust’s stock valued at $19,559,000 after buying an additional 557,389 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of PennyMac Mortgage Investment Trust in the 1st quarter worth approximately $14,807,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on PMT. Keefe, Bruyette & Woods lowered PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $14.50 to $13.50 in a research report on Friday, July 25th. Weiss Ratings upgraded shares of PennyMac Mortgage Investment Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. UBS Group boosted their price objective on shares of PennyMac Mortgage Investment Trust from $13.00 to $13.50 and gave the company a “neutral” rating in a research report on Friday, October 24th. Wells Fargo & Company initiated coverage on shares of PennyMac Mortgage Investment Trust in a research note on Monday, August 25th. They set an “equal weight” rating and a $13.00 price objective on the stock. Finally, Zacks Research raised PennyMac Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.88.

PennyMac Mortgage Investment Trust Price Performance

NYSE PMT opened at $12.46 on Friday. The company has a 50-day moving average price of $12.23 and a two-hundred day moving average price of $12.41. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 2.73 and a beta of 1.29. The company has a current ratio of 0.57, a quick ratio of 0.80 and a debt-to-equity ratio of 0.66. PennyMac Mortgage Investment Trust has a 52 week low of $11.60 and a 52 week high of $14.93.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Tuesday, October 21st. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. PennyMac Mortgage Investment Trust had a return on equity of 9.01% and a net margin of 37.92%.The business had revenue of $99.23 million during the quarter, compared to analyst estimates of $97.91 million. Analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Friday, October 10th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 175.82%.

Insider Activity at PennyMac Mortgage Investment Trust

In related news, Director Catherine A. Lynch acquired 2,823 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were acquired at an average cost of $12.02 per share, for a total transaction of $33,932.46. Following the completion of the purchase, the director directly owned 54,711 shares in the company, valued at $657,626.22. This trade represents a 5.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.92% of the company’s stock.

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.