SG Americas Securities LLC Sells 37,154 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

SG Americas Securities LLC cut its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 75.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,278 shares of the real estate investment trust’s stock after selling 37,154 shares during the period. SG Americas Securities LLC’s holdings in PennyMac Mortgage Investment Trust were worth $184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter worth about $10,708,000. Price T Rowe Associates Inc. MD increased its stake in PennyMac Mortgage Investment Trust by 11.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,609,260 shares of the real estate investment trust’s stock valued at $63,746,000 after purchasing an additional 460,177 shares in the last quarter. JPMorgan Chase & Co. increased its stake in PennyMac Mortgage Investment Trust by 55.9% in the first quarter. JPMorgan Chase & Co. now owns 1,103,922 shares of the real estate investment trust’s stock valued at $13,611,000 after purchasing an additional 395,970 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in PennyMac Mortgage Investment Trust by 23.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,507,911 shares of the real estate investment trust’s stock worth $18,698,000 after purchasing an additional 284,200 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of PennyMac Mortgage Investment Trust by 5.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,688,236 shares of the real estate investment trust’s stock worth $58,088,000 after purchasing an additional 227,513 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Down 1.0 %

NYSE:PMT opened at $13.55 on Friday. The stock has a 50-day simple moving average of $14.09 and a 200 day simple moving average of $13.87. PennyMac Mortgage Investment Trust has a 52-week low of $10.52 and a 52-week high of $15.89. The company has a market cap of $1.17 billion, a PE ratio of 8.42 and a beta of 1.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.28 and a current ratio of 0.28.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 11.81%. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 99.38%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. B. Riley raised their price objective on PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on PennyMac Mortgage Investment Trust in a report on Wednesday, January 10th. They set a “hold” rating and a $15.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.58.

Insider Activity

In related news, Director Doug Jones sold 7,810 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $14.34, for a total value of $111,995.40. Following the completion of the transaction, the director now owns 53,311 shares of the company’s stock, valued at $764,479.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

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.