PennyMac Mortgage Investment Trust (NYSE:PMT) Director Frank P. Willey bought 20,000 shares of the company’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of $5.64 per share, with a total value of $112,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PMT opened at $10.33 on Thursday. The company’s 50 day simple moving average is $19.15 and its 200 day simple moving average is $21.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.54 and a current ratio of 0.54. PennyMac Mortgage Investment Trust has a 1 year low of $3.50 and a 1 year high of $23.79. The stock has a market capitalization of $573.95 million, a PE ratio of 4.23 and a beta of 0.75.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. PennyMac Mortgage Investment Trust had a net margin of 46.31% and a return on equity of 12.68%. The business had revenue of $155.04 million for the quarter, compared to analysts’ expectations of $133.35 million. During the same period last year, the company earned $0.63 earnings per share. As a group, sell-side analysts expect that PennyMac Mortgage Investment Trust will post 2.18 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PMT. State Street Corp boosted its position in shares of PennyMac Mortgage Investment Trust by 18.0% in the third quarter. State Street Corp now owns 2,772,844 shares of the real estate investment trust’s stock worth $61,640,000 after acquiring an additional 423,293 shares during the last quarter. Stifel Financial Corp boosted its position in shares of PennyMac Mortgage Investment Trust by 5.8% in the third quarter. Stifel Financial Corp now owns 72,702 shares of the real estate investment trust’s stock worth $1,619,000 after acquiring an additional 3,980 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of PennyMac Mortgage Investment Trust by 16.3% in the third quarter. California State Teachers Retirement System now owns 135,009 shares of the real estate investment trust’s stock worth $3,001,000 after acquiring an additional 18,925 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of PennyMac Mortgage Investment Trust by 19.1% in the third quarter. Point72 Asset Management L.P. now owns 13,700 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of PennyMac Mortgage Investment Trust by 47.8% in the third quarter. Barclays PLC now owns 130,569 shares of the real estate investment trust’s stock worth $2,904,000 after acquiring an additional 42,237 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on PMT shares. ValuEngine downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, February 18th. Nomura restated a “buy” rating and set a $24.00 target price on shares of PennyMac Mortgage Investment Trust in a report on Sunday, February 9th. Compass Point started coverage on shares of PennyMac Mortgage Investment Trust in a report on Monday, December 2nd. They set a “neutral” rating and a $22.50 target price for the company. Finally, Zacks Investment Research downgraded shares of PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. PennyMac Mortgage Investment Trust currently has a consensus rating of “Hold” and an average target price of $23.92.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

Further Reading: Sell-Side Analysts

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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