Natixis Advisors L.P. Has $1.90 Million Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

Natixis Advisors L.P. raised its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 21.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 153,942 shares of the real estate investment trust’s stock after acquiring an additional 27,695 shares during the period. Natixis Advisors L.P. owned approximately 0.18% of PennyMac Mortgage Investment Trust worth $1,898,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in shares of PennyMac Mortgage Investment Trust by 3.9% during the first quarter. Rhumbline Advisers now owns 290,414 shares of the real estate investment trust’s stock valued at $3,581,000 after buying an additional 11,022 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of PennyMac Mortgage Investment Trust by 2.9% during the first quarter. Commonwealth Equity Services LLC now owns 42,460 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 1,201 shares during the last quarter. Citigroup Inc. boosted its position in shares of PennyMac Mortgage Investment Trust by 248.8% during the first quarter. Citigroup Inc. now owns 185,823 shares of the real estate investment trust’s stock valued at $2,291,000 after buying an additional 132,548 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PennyMac Mortgage Investment Trust by 53.2% during the first quarter. Tower Research Capital LLC TRC now owns 5,650 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,961 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in shares of PennyMac Mortgage Investment Trust by 9,395.0% during the first quarter. Wolverine Asset Management LLC now owns 368,502 shares of the real estate investment trust’s stock valued at $4,544,000 after buying an additional 364,621 shares during the last quarter. Institutional investors and hedge funds own 66.89% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PMT opened at $13.46 on Monday. The firm has a market cap of $1.17 billion, a PE ratio of 22.43 and a beta of 1.45. The stock’s fifty day moving average price is $13.28 and its two-hundred day moving average price is $12.63. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.33 and a quick ratio of 0.33. PennyMac Mortgage Investment Trust has a 1 year low of $10.78 and a 1 year high of $15.77.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.60 annualized dividend and a dividend yield of 11.89%. PennyMac Mortgage Investment Trust’s payout ratio is presently 266.67%.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Scott W. Carnahan sold 6,704 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $13.23, for a total value of $88,693.92. Following the sale, the director now directly owns 9,844 shares in the company, valued at $130,236.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PMT. B. Riley cut their price objective on PennyMac Mortgage Investment Trust from $16.00 to $15.00 in a research report on Tuesday, August 8th. JMP Securities boosted their price objective on PennyMac Mortgage Investment Trust from $12.50 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. StockNews.com cut PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet cut PennyMac Mortgage Investment Trust from a “c-” rating to a “d+” rating in a research report on Wednesday, May 17th. Finally, Piper Sandler cut their price objective on PennyMac Mortgage Investment Trust from $15.00 to $14.00 in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.83.

PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. It operates through four segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production, and Corporate. 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.