Amundi increased its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 169.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,977 shares of the real estate investment trust's stock after acquiring an additional 26,411 shares during the quarter. Amundi's holdings in PennyMac Mortgage Investment Trust were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of PMT. Wilmington Savings Fund Society FSB bought a new stake in PennyMac Mortgage Investment Trust in the third quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in PennyMac Mortgage Investment Trust during the 4th quarter valued at about $25,000. Versant Capital Management Inc raised its holdings in PennyMac Mortgage Investment Trust by 58.0% in the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after buying an additional 822 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 2,288 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth approximately $39,000. 67.38% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, JMP Securities reiterated a "market outperform" rating and issued a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $15.20.
Check Out Our Latest Report on PMT
Insiders Place Their Bets
In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total value of $210,685.00. Following the completion of the sale, the director now owns 64,082 shares in the company, valued at $929,189. This represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.89% of the company's stock.
PennyMac Mortgage Investment Trust Stock Performance
Shares of PMT stock traded up $0.11 on Monday, reaching $14.74. The stock had a trading volume of 678,375 shares, compared to its average volume of 737,170. The stock has a market cap of $1.28 billion, a P/E ratio of 11.08 and a beta of 1.51. 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 has a 1 year low of $11.77 and a 1 year high of $15.22. The company has a 50 day simple moving average of $13.71 and a 200 day simple moving average of $13.60.
PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. Equities research analysts expect that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.
PennyMac Mortgage Investment Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 10.86%. PennyMac Mortgage Investment Trust's dividend payout ratio is currently 120.30%.
PennyMac Mortgage Investment Trust Company Profile
(
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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