PennyMac Mortgage Investment Trust $PMT Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 53.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,486 shares of the real estate investment trust’s stock after acquiring an additional 870 shares during the period. Signaturefd LLC’s holdings in PennyMac Mortgage Investment Trust were worth $32,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PMT. GAMMA Investing LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 204.0% during the 1st quarter. GAMMA Investing LLC now owns 2,031 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,363 shares during the period. Russell Investments Group Ltd. lifted its position in shares of PennyMac Mortgage Investment Trust by 196.5% during the 1st quarter. Russell Investments Group Ltd. now owns 3,262 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,162 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of PennyMac Mortgage Investment Trust by 71.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,968 shares of the real estate investment trust’s stock valued at $146,000 after acquiring an additional 4,147 shares during the period. Motiv8 Investments LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 13.1% during the 1st quarter. Motiv8 Investments LLC now owns 11,547 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 1,333 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 36.7% during the 1st quarter. AQR Capital Management LLC now owns 16,155 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 4,335 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PennyMac Mortgage Investment Trust news, Director Catherine A. Lynch purchased 2,823 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was bought at an average cost of $12.02 per share, for a total transaction of $33,932.46. Following the acquisition, the director owned 54,711 shares of the company’s stock, valued at approximately $657,626.22. The trade was a 5.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PMT shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of PennyMac Mortgage Investment Trust in a research report on Saturday, September 27th. Keefe, Bruyette & Woods downgraded PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $14.50 to $13.50 in a research report on Friday, July 25th. Wells Fargo & Company assumed coverage on PennyMac Mortgage Investment Trust in a research report on Monday, August 25th. They set an “equal weight” rating and a $13.00 price objective for the company. Finally, Zacks Research downgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $14.00.

PennyMac Mortgage Investment Trust Trading Down 0.2%

Shares of PMT opened at $12.42 on Wednesday. The stock has a fifty day moving average of $12.20 and a two-hundred day moving average of $12.65. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $1.08 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 3.04 and a beta of 1.29. PennyMac Mortgage Investment Trust has a fifty-two week low of $11.70 and a fifty-two week high of $14.93.

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

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.40 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.60 annualized dividend and a yield of 12.9%. PennyMac Mortgage Investment Trust’s payout ratio is 222.22%.

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.