Prudential Financial Inc. lowered its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,100 shares of the real estate investment trust’s stock after selling 28,200 shares during the period. Prudential Financial Inc. owned about 0.25% of PennyMac Mortgage Investment Trust worth $2,889,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Ranger Global Real Estate Advisors LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 5.1% during the third quarter. Ranger Global Real Estate Advisors LLC now owns 143,983 shares of the real estate investment trust’s stock valued at $2,504,000 after buying an additional 7,000 shares during the period. First Trust Advisors LP increased its stake in shares of PennyMac Mortgage Investment Trust by 518.2% during the third quarter. First Trust Advisors LP now owns 685,555 shares of the real estate investment trust’s stock valued at $11,922,000 after buying an additional 574,667 shares during the period. Shell Asset Management Co. increased its stake in shares of PennyMac Mortgage Investment Trust by 34.3% during the third quarter. Shell Asset Management Co. now owns 81,995 shares of the real estate investment trust’s stock valued at $1,757,000 after buying an additional 20,951 shares during the period. Eqis Capital Management Inc. increased its stake in shares of PennyMac Mortgage Investment Trust by 24.5% during the third quarter. Eqis Capital Management Inc. now owns 18,147 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 3,575 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of PennyMac Mortgage Investment Trust by 4.4% during the second quarter. Public Employees Retirement System of Ohio now owns 7,207 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 304 shares during the period. Hedge funds and other institutional investors own 62.97% of the company’s stock.

In other PennyMac Mortgage Investment Trust news, insider David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $17.61, for a total value of $330,187.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 75,000 shares of company stock worth $1,299,563 in the last quarter. 2.08% of the stock is owned by insiders.

PennyMac Mortgage Investment Trust (NYSE PMT) traded up $0.06 on Friday, reaching $15.74. The company’s stock had a trading volume of 749,844 shares, compared to its average volume of 695,323. PennyMac Mortgage Investment Trust has a 52 week low of $14.87 and a 52 week high of $18.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $1,032.04, a price-to-earnings ratio of 11.08 and a beta of 0.53.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.18). PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. The company had revenue of $75.80 million during the quarter, compared to analysts’ expectations of $81.72 million. During the same quarter last year, the firm earned $1.06 EPS. PennyMac Mortgage Investment Trust’s revenue for the quarter was down 26.6% on a year-over-year basis. research analysts predict that PennyMac Mortgage Investment Trust will post 1.32 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. ValuEngine upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday. Keefe, Bruyette & Woods lowered PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and cut their price target for the company from $19.00 to $18.00 in a research note on Tuesday, October 10th. Finally, BidaskClub upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.50.

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PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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