PennyMac Mortgage Investment Trust (PMT) Set to Announce Quarterly Earnings on Thursday

PennyMac Mortgage Investment Trust (NYSE:PMTGet Rating) will post its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect PennyMac Mortgage Investment Trust to post earnings of $0.41 per share for the quarter.

PennyMac Mortgage Investment Trust (NYSE:PMTGet Rating) last announced its earnings results on Thursday, February 3rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.77). PennyMac Mortgage Investment Trust had a net margin of 13.53% and a return on equity of 2.89%. During the same quarter in the previous year, the firm earned $0.78 earnings per share. 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.

Shares of NYSE:PMT opened at $15.65 on Friday. The company has a 50-day simple moving average of $16.01 and a 200-day simple moving average of $17.44. PennyMac Mortgage Investment Trust has a one year low of $14.61 and a one year high of $21.53. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 60.12 and a beta of 1.13.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Stockholders of record on Friday, April 15th were issued a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, April 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.01%. PennyMac Mortgage Investment Trust’s payout ratio is 723.10%.

In other news, Director Scott W. Carnahan sold 1,785 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $15.71, for a total value of $28,042.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marianne Sullivan acquired 15,650 shares of the firm’s stock in a transaction dated Thursday, February 24th. The shares were acquired at an average price of $15.02 per share, for a total transaction of $235,063.00. The disclosure for this purchase can be found here. 0.84% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in PennyMac Mortgage Investment Trust by 0.5% during the fourth quarter. BlackRock Inc. now owns 17,639,276 shares of the real estate investment trust’s stock worth $305,689,000 after acquiring an additional 91,238 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in PennyMac Mortgage Investment Trust by 6.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,022,501 shares of the real estate investment trust’s stock worth $87,040,000 after acquiring an additional 305,375 shares during the last quarter. State Street Corp increased its stake in PennyMac Mortgage Investment Trust by 2.0% during the fourth quarter. State Street Corp now owns 3,423,347 shares of the real estate investment trust’s stock worth $60,932,000 after acquiring an additional 67,667 shares during the last quarter. Geode Capital Management LLC increased its stake in PennyMac Mortgage Investment Trust by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,667,145 shares of the real estate investment trust’s stock worth $28,891,000 after acquiring an additional 8,153 shares during the last quarter. Finally, Morgan Stanley increased its stake in PennyMac Mortgage Investment Trust by 6.6% during the second quarter. Morgan Stanley now owns 845,207 shares of the real estate investment trust’s stock worth $17,800,000 after acquiring an additional 51,965 shares during the last quarter. Institutional investors own 70.84% of the company’s stock.

A number of equities research analysts have recently commented on the stock. JMP Securities reduced their target price on shares of PennyMac Mortgage Investment Trust from $22.00 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday. BTIG Research raised shares of PennyMac Mortgage Investment Trust from a “neutral” rating to a “buy” rating and set a $18.50 price target for the company in a report on Friday, January 7th. Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 7th. Barclays cut their price target on shares of PennyMac Mortgage Investment Trust from $19.00 to $18.00 in a report on Monday, January 10th. Finally, StockNews.com assumed coverage on shares of PennyMac Mortgage Investment Trust in a report on Thursday, March 31st. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, PennyMac Mortgage Investment Trust has an average rating of “Hold” and a consensus target price of $19.41.

About PennyMac Mortgage Investment Trust (Get Rating)

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds.

See Also

Earnings History for PennyMac Mortgage Investment Trust (NYSE:PMT)

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