Janney Montgomery Scott LLC Has $226,000 Position in PennyMac Mortgage Investment Trust $PMT

Janney Montgomery Scott LLC lowered its stake in PennyMac Mortgage Investment Trust (NYSE:PMTFree Report) by 68.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,568 shares of the real estate investment trust’s stock after selling 37,371 shares during the period. Janney Montgomery Scott LLC’s holdings in PennyMac Mortgage Investment Trust were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GraniteShares Advisors LLC increased its holdings in shares of PennyMac Mortgage Investment Trust by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 221,987 shares of the real estate investment trust’s stock valued at $2,855,000 after purchasing an additional 13,871 shares in the last quarter. Signaturefd LLC boosted its stake in PennyMac Mortgage Investment Trust by 53.8% in the second quarter. Signaturefd LLC now owns 2,486 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 870 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in PennyMac Mortgage Investment Trust by 7.6% in the second quarter. State of Alaska Department of Revenue now owns 51,796 shares of the real estate investment trust’s stock valued at $665,000 after acquiring an additional 3,667 shares during the last quarter. Maridea Wealth Management LLC boosted its stake in PennyMac Mortgage Investment Trust by 2.7% in the second quarter. Maridea Wealth Management LLC now owns 41,578 shares of the real estate investment trust’s stock valued at $535,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in PennyMac Mortgage Investment Trust by 71.7% in the first quarter. Voya Investment Management LLC now owns 155,481 shares of the real estate investment trust’s stock valued at $2,278,000 after acquiring an additional 64,912 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other news, Director Catherine A. Lynch purchased 2,823 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Monday, September 22nd. The shares were bought at an average cost of $12.02 per share, with a total value of $33,932.46. Following the completion of the transaction, the director directly owned 54,711 shares in the company, valued at $657,626.22. This trade represents a 5.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

PennyMac Mortgage Investment Trust Trading Up 1.0%

Shares of NYSE PMT opened at $11.84 on Tuesday. The company’s fifty day moving average is $12.20 and its 200-day moving average is $12.47. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 2.87 and a beta of 1.29. PennyMac Mortgage Investment Trust has a twelve month low of $11.60 and a twelve month high of $14.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.82.

PennyMac Mortgage Investment Trust (NYSE:PMTGet Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.39). The firm had revenue of $70.20 million for the quarter, compared to the consensus estimate of $95.46 million. PennyMac Mortgage Investment Trust had a return on equity of 7.68% and a net margin of 34.65%. Equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, October 10th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 222.22%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PMT shares. Wells Fargo & Company started coverage on shares of PennyMac Mortgage Investment Trust in a research note on Monday, August 25th. They issued an “equal weight” rating and a $13.00 price objective on the stock. Zacks Research cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Monday, September 22nd. Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $14.50 to $13.50 in a research note on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PennyMac Mortgage Investment Trust in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $14.00.

Check Out Our Latest Research Report on PMT

About PennyMac Mortgage Investment Trust

(Free Report)

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.

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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