PennyMac Mortgage Investment Trust (PMT) Getting Somewhat Positive News Coverage, Report Finds
News headlines about PennyMac Mortgage Investment Trust (NYSE:PMT) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.3362915616194 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Analysts Expect PennyMac Mortgage Investment Trust (PMT) Will Post Quarterly Sales of $78.05 Million (americanbankingnews.com)
- Zacks: Analysts Anticipate PennyMac Mortgage Investment Trust (PMT) Will Post Earnings of $0.38 Per Share (americanbankingnews.com)
- PennyMac Mortgage Investment Trust (PMT) Director Paul Dufauchard Jr. Preston Sells 5,300 Shares (americanbankingnews.com)
- Monthly positive Performer – PennyMac Mortgage Investment Trust (PMT) stock gained 3.23% (nasdaqplace.com)
- Stay Cool with Active Stock: PennyMac Mortgage Investment Trust (PMT),Dine Brands Global (DIN) (bitcoinpriceupdate.review)
PMT has been the subject of several recent analyst reports. Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. ValuEngine lowered shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Barclays lifted their price objective on shares of PennyMac Mortgage Investment Trust from $15.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. PennyMac Mortgage Investment Trust presently has an average rating of “Hold” and an average target price of $19.00.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.37 by $0.10. The company had revenue of $82.99 million during the quarter, compared to analyst estimates of $70.85 million. PennyMac Mortgage Investment Trust had a net margin of 36.14% and a return on equity of 8.37%. During the same period in the previous year, the firm earned $0.38 earnings per share. equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 30th. Shareholders of record on Friday, July 13th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.50%. The ex-dividend date was Thursday, July 12th. PennyMac Mortgage Investment Trust’s payout ratio is 144.62%.
In other news, CEO David Spector sold 7,000 shares of the business’s stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $18.62, for a total transaction of $130,340.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Doug Jones sold 3,725 shares of the business’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $18.67, for a total transaction of $69,545.75. The disclosure for this sale can be found here. Insiders have sold 46,212 shares of company stock valued at $875,402 over the last ninety days. 2.46% of the stock is owned by insiders.
About PennyMac Mortgage Investment Trust
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: Fundamental Analysis
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