International Assets Investment Management LLC Grows Stake in PennyMac Mortgage Investment Trust (NYSE:PMT)

International Assets Investment Management LLC boosted its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 1,607.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,908 shares of the real estate investment trust's stock after buying an additional 346,358 shares during the quarter. International Assets Investment Management LLC owned approximately 0.42% of PennyMac Mortgage Investment Trust worth $5,246,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its position in shares of PennyMac Mortgage Investment Trust by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 792,354 shares of the real estate investment trust's stock worth $10,895,000 after buying an additional 9,506 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in PennyMac Mortgage Investment Trust by 4.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 643,252 shares of the real estate investment trust's stock worth $9,443,000 after purchasing an additional 28,121 shares during the last quarter. Van ECK Associates Corp increased its position in shares of PennyMac Mortgage Investment Trust by 34.4% during the second quarter. Van ECK Associates Corp now owns 622,133 shares of the real estate investment trust's stock worth $8,554,000 after purchasing an additional 159,131 shares in the last quarter. Dana Investment Advisors Inc. lifted its holdings in shares of PennyMac Mortgage Investment Trust by 40.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 427,941 shares of the real estate investment trust's stock valued at $5,884,000 after purchasing an additional 123,890 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust by 124.7% during the 1st quarter. Jane Street Group LLC now owns 291,367 shares of the real estate investment trust's stock valued at $4,277,000 after purchasing an additional 161,723 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

PennyMac Mortgage Investment Trust Stock Performance

NYSE PMT traded down $0.09 on Friday, hitting $13.39. 670,889 shares of the company's stock traded hands, compared to its average volume of 703,573. The firm has a market capitalization of $1.16 billion, a PE ratio of 9.85 and a beta of 1.51. PennyMac Mortgage Investment Trust has a 1-year low of $12.81 and a 1-year high of $15.89. The firm's 50-day moving average price is $14.02 and its two-hundred day moving average price is $13.96. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $80.86 million during the quarter, compared to analysts' expectations of $93.75 million. PennyMac Mortgage Investment Trust had a net margin of 53.81% and a return on equity of 11.90%. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, analysts expect that PennyMac Mortgage Investment Trust will post 1.29 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.95%. The ex-dividend date of this dividend was Friday, October 11th. PennyMac Mortgage Investment Trust's dividend payout ratio is currently 117.65%.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 37,010 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.01, for a total transaction of $518,510.10. Following the sale, the director now owns 49,114 shares of the company's stock, valued at $688,087.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PMT has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Piper Sandler decreased their price objective on shares of PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a "neutral" rating for the company in a research report on Wednesday, July 24th. Wedbush reissued a "neutral" rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. B. Riley reaffirmed a "buy" rating and issued a $16.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Wednesday, July 24th. Finally, JMP Securities boosted their price objective on shares of PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the company a "market outperform" rating in a report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, PennyMac Mortgage Investment Trust has a consensus rating of "Hold" and an average target price of $14.93.

PennyMac Mortgage Investment Trust Company 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.