A number of other equities analysts have also recently issued reports on the company. Jonestrading cut their price objective on PennyMac Mortgage Investment Trust from $18.50 to $18.00 in a report on Friday. BTIG Research raised PennyMac Mortgage Investment Trust from a neutral rating to a buy rating and set a $18.50 target price for the company in a research note on Friday, January 7th. JMP Securities decreased their price target on shares of PennyMac Mortgage Investment Trust from $22.00 to $18.00 and set a market outperform rating on the stock in a research note on Tuesday, April 26th. StockNews.com assumed coverage on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, March 31st. They issued a sell rating for the company. Finally, Barclays decreased their target price on shares of PennyMac Mortgage Investment Trust from $19.00 to $18.00 in a research report on Monday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $19.09.
Shares of NYSE:PMT opened at $15.47 on Friday. The firm has a market capitalization of $1.51 billion, a PE ratio of -21.19 and a beta of 1.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.65 and a current ratio of 0.65. PennyMac Mortgage Investment Trust has a 52-week low of $14.61 and a 52-week high of $21.53. The firm has a fifty day moving average of $16.02 and a 200 day moving average of $17.17.
In related news, Director Marianne Sullivan purchased 15,650 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were purchased at an average price of $15.02 per share, with a total value of $235,063.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Scott W. Carnahan sold 1,785 shares of PennyMac Mortgage Investment Trust stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $15.71, for a total value of $28,042.35. The disclosure for this sale can be found here. 0.84% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. purchased a new position in PennyMac Mortgage Investment Trust in the 3rd quarter worth approximately $36,000. Selective Wealth Management Inc. bought a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter valued at approximately $62,000. Steward Partners Investment Advisory LLC lifted its stake in PennyMac Mortgage Investment Trust by 1,116.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,650 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 3,350 shares in the last quarter. Penserra Capital Management LLC bought a new position in PennyMac Mortgage Investment Trust during the third quarter valued at approximately $84,000. Finally, Capital Square LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at $189,000. Hedge funds and other institutional investors own 70.77% of the company’s stock.
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.
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