Arrowstreet Capital Limited Partnership acquired a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 83,963 shares of the real estate investment trust's stock, valued at approximately $1,057,000. Arrowstreet Capital Limited Partnership owned 0.10% of PennyMac Mortgage Investment Trust as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter worth $28,000. Rialto Wealth Management LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its position in shares of 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 period. Principal Securities Inc. boosted its position 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 buying an additional 2,288 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 67.38% of the company's stock.
Insiders Place Their Bets
In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the 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. This trade represents a 18.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.89% of the stock is owned by company insiders.
PennyMac Mortgage Investment Trust Stock Up 1.6 %
Shares of NYSE PMT traded up $0.20 during midday trading on Tuesday, reaching $12.76. 626,721 shares of the company's stock were exchanged, compared to its average volume of 795,600. The stock has a market capitalization of $1.11 billion, a PE ratio of 9.59 and a beta of 1.17. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week 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. The business's fifty day moving average price is $14.06 and its two-hundred day moving average price is $13.57.
PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.
PennyMac Mortgage Investment Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.40 per share. 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 12.54%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is 120.30%.
Analysts Set New Price Targets
Separately, JMP Securities restated a "market outperform" rating and issued a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.20.
Read Our Latest Research Report on PMT
PennyMac Mortgage Investment Trust 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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