Somewhat Positive Media Coverage Somewhat Unlikely to Affect PennyMac Mortgage Investment Trust (PMT) Share Price
Media headlines about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 44.5524131469616 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) traded down 1.48% during midday trading on Monday, hitting $16.63. 507,065 shares of the stock were exchanged. PennyMac Mortgage Investment Trust has a 12-month low of $14.75 and a 12-month high of $18.46. The company has a market cap of $1.11 billion, a PE ratio of 9.94 and a beta of 0.49. The firm has a 50-day moving average price of $17.10 and a 200-day moving average price of $17.55.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). PennyMac Mortgage Investment Trust had a net margin of 37.97% and a return on equity of 8.67%. The business had revenue of $83.96 million during the quarter, compared to analyst estimates of $80.12 million. During the same period last year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was up 76.4% on a year-over-year basis. On average, equities analysts predict that PennyMac Mortgage Investment Trust will post $1.60 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, October 13th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 11.30%. The ex-dividend date of this dividend is Thursday, October 12th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 109.94%.
PMT has been the subject of several research analyst reports. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $19.00 to $18.00 in a report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.00.
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In other news, insider David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $16.91, for a total value of $317,062.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 75,000 shares of company stock valued at $1,299,563 over the last ninety days. Company insiders own 1.80% of the company’s stock.
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.
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