Nisa Investment Advisors LLC Has $738,000 Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

Nisa Investment Advisors LLC grew its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,351 shares of the real estate investment trust’s stock after acquiring an additional 12,169 shares during the period. Nisa Investment Advisors LLC owned 0.06% of PennyMac Mortgage Investment Trust worth $738,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of PennyMac Mortgage Investment Trust by 204.0% in the first quarter. GAMMA Investing LLC now owns 2,031 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,363 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $36,000. Sandy Spring Bank acquired a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $49,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $118,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $139,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PMT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company decreased their target price on shares of PennyMac Mortgage Investment Trust from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. UBS Group decreased their target price on shares of PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Finally, Jones Trading reaffirmed a “hold” rating on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.50.

PennyMac Mortgage Investment Trust Trading Down 0.7%

NYSE:PMT opened at $12.53 on Wednesday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. PennyMac Mortgage Investment Trust has a 52 week low of $11.77 and a 52 week high of $14.98. The firm has a 50-day moving average price of $12.67 and a two-hundred day moving average price of $13.17.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.39). The business had revenue of $44.47 million during the quarter, compared to the consensus estimate of $94.36 million. PennyMac Mortgage Investment Trust had a return on equity of 8.87% and a net margin of 40.42%. During the same period last year, the business posted $0.39 earnings per share. On average, equities analysts expect that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.77%. The ex-dividend date is Friday, July 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 172.04%.

Insider Activity

In other PennyMac Mortgage Investment Trust news, Director Catherine A. Lynch bought 2,878 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average price of $12.15 per share, for a total transaction of $34,967.70. Following the transaction, the director directly owned 49,254 shares in the company, valued at $598,436.10. This trade represents a 6.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.92% of the company’s stock.

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.