Maridea Wealth Management LLC purchased a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 40,584 shares of the real estate investment trust's stock, valued at approximately $511,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in PennyMac Mortgage Investment Trust during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc boosted its position in PennyMac Mortgage Investment Trust by 58.0% in the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 822 shares during the period. Principal Securities Inc. grew its stake in shares of PennyMac Mortgage Investment Trust by 2,042.9% in the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 2,288 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 67.38% of the company's stock.
Analyst Ratings Changes
Separately, JMP Securities reaffirmed a "market outperform" rating and issued a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $15.20.
Read Our Latest Stock Report on PennyMac Mortgage Investment Trust
Insider Activity at PennyMac Mortgage Investment Trust
In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the transaction, the director now owns 64,082 shares of the company's stock, valued at $929,189. The trade was a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.89% of the stock is owned by corporate insiders.
PennyMac Mortgage Investment Trust Stock Down 0.2 %
NYSE PMT traded down $0.04 during trading on Tuesday, reaching $14.62. 432,904 shares of the company's stock were exchanged, compared to its average volume of 770,195. The company has a 50 day moving average price of $13.98 and a two-hundred day moving average price of $13.64. The stock has a market cap of $1.27 billion, a P/E ratio of 10.99 and a beta of 1.51. PennyMac Mortgage Investment Trust has a 1 year low of $11.77 and a 1 year high of $15.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41.
PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. On average, equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.
PennyMac Mortgage Investment Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 10.95%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is presently 120.30%.
About PennyMac Mortgage Investment Trust
(
Free Report)
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.
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