PennyMac Mortgage Investment Trust (PMT) to Release Earnings on Tuesday

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) is anticipated to release its earnings data after the market closes on Tuesday, April 22nd. Analysts expect PennyMac Mortgage Investment Trust to post earnings of $0.38 per share and revenue of $94.36 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, analysts expect PennyMac Mortgage Investment Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PennyMac Mortgage Investment Trust Trading Up 2.3 %

Shares of NYSE:PMT traded up $0.30 during mid-day trading on Friday, reaching $12.99. 719,979 shares of the company were exchanged, compared to its average volume of 798,739. PennyMac Mortgage Investment Trust has a 1 year low of $11.77 and a 1 year high of $15.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The firm's 50-day simple moving average is $14.01 and its 200 day simple moving average is $13.53. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.76 and a beta of 1.17.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently declared 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. This represents a $1.60 dividend on an annualized basis and a yield of 12.32%. The ex-dividend date is Friday, April 11th. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is 120.30%.

Insider Activity

In other news, Director Doug Jones sold 14,530 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total value of $210,685.00. Following the completion of the transaction, the director now owns 64,082 shares in the company, valued at approximately $929,189. This represents a 18.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.89% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on PMT. UBS Group dropped their target price on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday. 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.83.

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.