UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stake in PennyMac Mortgage Investment Trust (NYSE:PMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 90.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,436 shares of the real estate investment trust's stock after purchasing an additional 82,735 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of PennyMac Mortgage Investment Trust worth $2,487,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PMT. Simplify Asset Management Inc. acquired a new stake in shares of PennyMac Mortgage Investment Trust during the 3rd quarter worth about $143,000. Aigen Investment Management LP acquired a new position in shares of PennyMac Mortgage Investment Trust in the third quarter worth $152,000. Allspring Global Investments Holdings LLC acquired a new position in PennyMac Mortgage Investment Trust in the second quarter valued at $177,000. Caprock Group LLC increased its stake in PennyMac Mortgage Investment Trust by 9.3% in the third quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in PennyMac Mortgage Investment Trust during the second quarter valued at about $232,000. Institutional investors and hedge funds own 67.38% of the company's stock.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PMT traded up $0.12 during mid-day trading on Friday, hitting $13.55. 434,383 shares of the company's stock were exchanged, compared to its average volume of 718,592. The stock's 50-day simple moving average is $13.60 and its 200-day simple moving average is $13.80. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 9.96 and a beta of 1.50. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.56. PennyMac Mortgage Investment Trust has a 52 week low of $12.81 and a 52 week high of $15.89.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $80.86 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.51 EPS. On average, equities research analysts expect that PennyMac Mortgage Investment Trust will post 1.29 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date is Friday, December 27th. PennyMac Mortgage Investment Trust's payout ratio is currently 117.65%.

Analyst Ratings Changes

Separately, Wedbush restated 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.17.

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.