Charles Schwab Investment Management Inc. Boosts Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

Charles Schwab Investment Management Inc. grew its stake in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,520,394 shares of the real estate investment trust's stock after purchasing an additional 63,781 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.75% of PennyMac Mortgage Investment Trust worth $19,142,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Motiv8 Investments LLC bought a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth $129,000. Proficio Capital Partners LLC bought a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth $139,000. GraniteShares Advisors LLC bought a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth $2,461,000. Angel Oak Capital Advisors LLC bought a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth $1,186,000. Finally, Sanctuary Advisors LLC bought a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth $189,000. 67.38% of the stock is currently owned by institutional investors.

PennyMac Mortgage Investment Trust Stock Down 0.9 %

Shares of PennyMac Mortgage Investment Trust stock traded down $0.14 during trading on Friday, hitting $14.62. The company's stock had a trading volume of 1,753,407 shares, compared to its average volume of 742,247. 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 company has a fifty day simple moving average of $13.71 and a two-hundred day simple moving average of $13.60. The company has a market capitalization of $1.27 billion, a PE ratio of 10.99 and a beta of 1.51. PennyMac Mortgage Investment Trust has a 52 week low of $11.77 and a 52 week high of $15.22.

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PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last issued its quarterly earnings results 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 net margin of 48.17% and a return on equity of 11.48%. Equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.94%. The ex-dividend date is Friday, April 11th. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is 120.30%.

Wall Street Analyst Weigh In

Separately, JMP Securities restated 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.20.

Insider Activity at PennyMac Mortgage Investment Trust

In related news, Director Doug Jones sold 14,530 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total transaction of $210,685.00. Following the sale, the director now directly owns 64,082 shares of the company's stock, valued at approximately $929,189. This represents a 18.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by insiders.

PennyMac Mortgage Investment Trust Profile

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.