Renaissance Technologies LLC Purchases Shares of 169,900 PennyMac Mortgage Investment Trust (NYSE:PMT)

Renaissance Technologies LLC purchased a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 169,900 shares of the real estate investment trust's stock, valued at approximately $2,139,000. Renaissance Technologies LLC owned approximately 0.20% of PennyMac Mortgage Investment Trust as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new position in PennyMac Mortgage Investment Trust in the 3rd quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of PennyMac Mortgage Investment Trust by 58.0% during the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 822 shares in the last quarter. Principal Securities Inc. increased its position in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 2,288 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Transactions at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the firm's 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 transaction, the director now owns 64,082 shares of the company's stock, valued at approximately $929,189. This trade represents a 18.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine A. Lynch purchased 2,878 shares of the company's stock in a transaction on Thursday, April 24th. The shares were bought at an average price of $12.15 per share, for a total transaction of $34,967.70. Following the completion of the transaction, the director now directly owns 49,254 shares in the company, valued at $598,436.10. This represents a 6.21 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PMT shares. UBS Group dropped their price objective on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Jones Trading reiterated a "hold" rating on shares of PennyMac Mortgage Investment Trust in a research note on Thursday. Keefe, Bruyette & Woods dropped their target price on shares of PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an "outperform" rating for the company in a research report on Thursday. Finally, JMP Securities reiterated a "market outperform" rating and issued a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, PennyMac Mortgage Investment Trust currently has an average rating of "Hold" and an average price target of $14.75.

PennyMac Mortgage Investment Trust Stock Performance

Shares of NYSE:PMT traded up $0.42 during trading on Monday, reaching $12.62. 1,182,811 shares of the company's stock traded hands, compared to its average volume of 819,543. 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 company has a 50 day moving average of $13.86 and a 200-day moving average of $13.46. PennyMac Mortgage Investment Trust has a 12 month low of $11.77 and a 12 month high of $15.22. The stock has a market capitalization of $1.10 billion, a P/E ratio of 9.49 and a beta of 1.17.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.39). PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. The company had revenue of $44.47 million for the quarter, compared to analyst estimates of $94.36 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities analysts expect that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.68%. The ex-dividend date of this dividend was Friday, April 11th. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is 172.04%.

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.