Barclays PLC raised its stake in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 218.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,734 shares of the real estate investment trust's stock after acquiring an additional 102,067 shares during the period. Barclays PLC owned about 0.17% of PennyMac Mortgage Investment Trust worth $2,121,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. K2 Principal Fund L.P. bought a new position in shares of PennyMac Mortgage Investment Trust in the third quarter valued at approximately $5,841,000. International Assets Investment Management LLC raised its position in PennyMac Mortgage Investment Trust by 1,607.2% in the 3rd quarter. International Assets Investment Management LLC now owns 367,908 shares of the real estate investment trust's stock valued at $5,246,000 after purchasing an additional 346,358 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in PennyMac Mortgage Investment Trust by 105.8% in the third quarter. Wolverine Asset Management LLC now owns 461,323 shares of the real estate investment trust's stock worth $6,578,000 after purchasing an additional 237,210 shares in the last quarter. Millennium Management LLC grew its holdings in shares of PennyMac Mortgage Investment Trust by 223.1% during the second quarter. Millennium Management LLC now owns 232,576 shares of the real estate investment trust's stock worth $3,198,000 after purchasing an additional 160,595 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of PennyMac Mortgage Investment Trust by 34.4% in the second quarter. Van ECK Associates Corp now owns 622,133 shares of the real estate investment trust's stock valued at $8,554,000 after buying an additional 159,131 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.
PennyMac Mortgage Investment Trust Trading Down 3.5 %
Shares of PMT stock traded down $0.45 on Friday, reaching $12.55. 1,068,927 shares of the stock were exchanged, compared to its average volume of 735,236. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.41 and a quick ratio of 0.41. PennyMac Mortgage Investment Trust has a one year low of $12.46 and a one year high of $15.41. The stock has a market cap of $1.09 billion, a PE ratio of 9.23 and a beta of 1.50. The stock has a 50 day moving average price of $13.38 and a 200 day moving average price of $13.75.
PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $80.86 million for the quarter, compared to the consensus estimate of $93.75 million. PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. During the same period in the prior year, the firm posted $0.51 earnings per share. Equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.29 EPS for the current fiscal year.
PennyMac Mortgage Investment Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.60 dividend on an annualized basis and a yield of 12.75%. PennyMac Mortgage Investment Trust's payout ratio is presently 117.65%.
Analyst Upgrades and Downgrades
Separately, Wedbush reiterated a "neutral" rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Three 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.com, PennyMac Mortgage Investment Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.17.
View Our Latest 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.
Featured Articles
Before you consider PennyMac Mortgage Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PennyMac Mortgage Investment Trust wasn't on the list.
While PennyMac Mortgage Investment Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
