PennyMac Mortgage Investment Trust (NYSE:PMT) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 92.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,500 shares of the real estate investment trust's stock after selling 341,408 shares during the quarter. International Assets Investment Management LLC's holdings in PennyMac Mortgage Investment Trust were worth $333,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PMT. Wilmington Savings Fund Society FSB purchased a new position in shares of PennyMac Mortgage Investment Trust in the third quarter valued at $28,000. Versant Capital Management Inc grew its stake in shares of 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 worth $28,000 after buying an additional 822 shares in the last quarter. Simplify Asset Management Inc. bought a new stake in shares of PennyMac Mortgage Investment Trust in the 3rd quarter worth about $143,000. Aigen Investment Management LP purchased a new stake in shares of PennyMac Mortgage Investment Trust during the 3rd quarter valued at about $152,000. Finally, Caprock Group LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust by 9.3% in the 3rd quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust's stock valued at $195,000 after acquiring an additional 1,156 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a "neutral" rating and set a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.20.

PennyMac Mortgage Investment Trust Stock Down 2.4 %

NYSE PMT traded down $0.30 during trading on Friday, hitting $12.11. The company's stock had a trading volume of 922,168 shares, compared to its average volume of 762,828. PennyMac Mortgage Investment Trust has a fifty-two week low of $12.02 and a fifty-two week high of $15.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market cap of $1.05 billion, a PE ratio of 8.90 and a beta of 1.50. The business's 50 day simple moving average is $13.15 and its 200-day simple moving average is $13.66.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The firm had revenue of $80.86 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.51 EPS. On average, equities analysts anticipate that PennyMac Mortgage Investment Trust will post 1.29 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.21%. The ex-dividend date of this dividend is Friday, December 27th. PennyMac Mortgage Investment Trust's payout ratio is presently 117.65%.

About PennyMac Mortgage Investment Trust

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.