Nisa Investment Advisors LLC Acquires 4,239 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Nisa Investment Advisors LLC lifted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,519 shares of the real estate investment trust’s stock after purchasing an additional 4,239 shares during the quarter. Nisa Investment Advisors LLC’s holdings in PennyMac Mortgage Investment Trust were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,801,513 shares of the real estate investment trust’s stock worth $182,438,000 after purchasing an additional 85,349 shares during the period. T. Rowe Price Investment Management Inc. raised 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of PennyMac Mortgage Investment Trust by 11.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,609,260 shares of the real estate investment trust’s stock worth $63,746,000 after purchasing an additional 460,177 shares during the period. State Street Corp raised its position in shares of PennyMac Mortgage Investment Trust by 3.5% during the first quarter. State Street Corp now owns 3,544,419 shares of the real estate investment trust’s stock worth $59,865,000 after purchasing an additional 121,072 shares during the period. Finally, Invesco Ltd. raised its position in shares of PennyMac Mortgage Investment Trust by 8.0% during the first quarter. Invesco Ltd. now owns 2,409,271 shares of the real estate investment trust’s stock worth $40,693,000 after purchasing an additional 178,783 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

PennyMac Mortgage Investment Trust Trading Down 0.6 %

NYSE PMT opened at $13.28 on Wednesday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 8.25 and a beta of 1.48. The business has a fifty day simple moving average of $14.07 and a 200 day simple moving average of $13.89. PennyMac Mortgage Investment Trust has a 12 month low of $10.52 and a 12 month high of $15.89. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.37.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.05%. The ex-dividend date of this dividend is Thursday, April 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 99.38%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PMT shares. B. Riley upped their target price on PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on PennyMac Mortgage Investment Trust in a research report on Wednesday, January 10th. They issued a “hold” rating and a $15.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.58.

Insider Activity

In other news, Director Doug Jones sold 7,810 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $14.34, for a total transaction of $111,995.40. Following the completion of the sale, the director now directly owns 53,311 shares of the company’s stock, valued at approximately $764,479.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

PennyMac Mortgage Investment Trust Company Profile

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.