103,277 Shares in PennyMac Mortgage Investment Trust (NYSE:PMT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 103,277 shares of the real estate investment trust's stock, valued at approximately $1,300,000. Raymond James Financial Inc. owned 0.12% of PennyMac Mortgage Investment Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PMT. Charles Schwab Investment Management Inc. increased its position in PennyMac Mortgage Investment Trust by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,456,613 shares of the real estate investment trust's stock valued at $20,771,000 after buying an additional 18,368 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PennyMac Mortgage Investment Trust by 90.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,436 shares of the real estate investment trust's stock worth $2,487,000 after purchasing an additional 82,735 shares in the last quarter. HighTower Advisors LLC grew its position in PennyMac Mortgage Investment Trust by 56.1% during the 3rd quarter. HighTower Advisors LLC now owns 32,023 shares of the real estate investment trust's stock valued at $454,000 after purchasing an additional 11,509 shares during the last quarter. Stifel Financial Corp increased its stake in PennyMac Mortgage Investment Trust by 169.6% during the 3rd quarter. Stifel Financial Corp now owns 34,301 shares of the real estate investment trust's stock valued at $489,000 after purchasing an additional 21,580 shares in the last quarter. Finally, K2 Principal Fund L.P. bought a new position in shares of PennyMac Mortgage Investment Trust in the third quarter worth approximately $5,841,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at PennyMac Mortgage Investment Trust

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

PennyMac Mortgage Investment Trust Stock Performance

NYSE:PMT traded down $0.64 during mid-day trading on Monday, reaching $13.03. The company's stock had a trading volume of 1,924,833 shares, compared to its average volume of 781,309. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.13 billion, a P/E ratio of 9.80 and a beta of 1.17. The firm's fifty day moving average price is $14.12 and its two-hundred day moving average price is $13.63. PennyMac Mortgage Investment Trust has a 12-month low of $11.77 and a 12-month high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.60 annualized dividend and a yield of 12.28%. PennyMac Mortgage Investment Trust's payout ratio is 120.30%.

Wall Street Analyst Weigh In

Separately, JMP Securities reissued a "market outperform" rating and set a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.20.

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.