Inspire Investing LLC Has $341,000 Stock Holdings in PennyMac Mortgage Investment Trust $PMT

Inspire Investing LLC lowered its stake in PennyMac Mortgage Investment Trust (NYSE:PMT) by 26.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,292 shares of the real estate investment trust’s stock after selling 8,528 shares during the period. Inspire Investing LLC’s holdings in PennyMac Mortgage Investment Trust were worth $341,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PMT. Strs Ohio bought a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter worth approximately $240,000. Westbourne Investments Inc. boosted its stake in PennyMac Mortgage Investment Trust by 24.6% in the 1st quarter. Westbourne Investments Inc. now owns 49,480 shares of the real estate investment trust’s stock valued at $725,000 after purchasing an additional 9,780 shares during the period. Intech Investment Management LLC grew its holdings in PennyMac Mortgage Investment Trust by 1.3% in the 1st quarter. Intech Investment Management LLC now owns 109,272 shares of the real estate investment trust’s stock valued at $1,601,000 after buying an additional 1,411 shares in the last quarter. Jane Street Group LLC bought a new position in PennyMac Mortgage Investment Trust during the 1st quarter worth $4,166,000. Finally, Optimize Financial Inc lifted its holdings in shares of PennyMac Mortgage Investment Trust by 7.3% during the first quarter. Optimize Financial Inc now owns 26,081 shares of the real estate investment trust’s stock worth $382,000 after buying an additional 1,780 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

PennyMac Mortgage Investment Trust Stock Up 0.7%

PMT stock opened at $12.23 on Thursday. The firm has a 50-day moving average price of $12.30 and a 200-day moving average price of $12.88. PennyMac Mortgage Investment Trust has a 12 month low of $11.70 and a 12 month high of $14.93. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $1.06 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 2.97 and a beta of 1.30.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Tuesday, July 22nd. The real estate investment trust reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.39). The company had revenue of $70.20 million for the quarter, compared to analyst estimates of $95.46 million. PennyMac Mortgage Investment Trust had a return on equity of 7.68% and a net margin of 34.65%. As a group, equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a $0.40 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.60 annualized dividend and a yield of 13.1%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 222.22%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PMT. Wells Fargo & Company began coverage on shares of PennyMac Mortgage Investment Trust in a research report on Monday, August 25th. They set an “equal weight” rating and a $13.00 price target on the stock. Keefe, Bruyette & Woods downgraded shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $14.50 to $13.50 in a research note on Friday, July 25th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $14.00.

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.