Mutual of America Capital Management LLC Has $144,000 Holdings in PennyMac Mortgage Investment Trust $PMT

Mutual of America Capital Management LLC cut its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,177 shares of the real estate investment trust’s stock after selling 1,472 shares during the quarter. Mutual of America Capital Management LLC’s holdings in PennyMac Mortgage Investment Trust were worth $144,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Boston Partners acquired a new stake in PennyMac Mortgage Investment Trust during the 1st quarter worth about $14,807,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in PennyMac Mortgage Investment Trust by 71.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,335,101 shares of the real estate investment trust’s stock worth $19,559,000 after acquiring an additional 557,389 shares during the period. Ieq Capital LLC acquired a new stake in PennyMac Mortgage Investment Trust during the first quarter worth approximately $7,644,000. Jane Street Group LLC acquired a new stake in PennyMac Mortgage Investment Trust during the first quarter worth approximately $4,166,000. Finally, Nuveen LLC acquired a new stake in PennyMac Mortgage Investment Trust during the first quarter worth approximately $3,713,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PennyMac Mortgage Investment Trust

In related news, Director Catherine A. Lynch purchased 2,823 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was acquired at an average price of $12.02 per share, for a total transaction of $33,932.46. Following the completion of the acquisition, the director owned 54,711 shares of the company’s stock, valued at $657,626.22. This represents a 5.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods cut PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $14.50 to $13.50 in a research note on Friday, July 25th. Wells Fargo & Company initiated 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 objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PennyMac Mortgage Investment Trust in a research report on Wednesday, October 8th. Zacks Research upgraded shares of PennyMac Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Finally, UBS Group raised their price target on shares of PennyMac Mortgage Investment Trust from $13.00 to $13.50 and gave the stock a “neutral” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.88.

PennyMac Mortgage Investment Trust Stock Down 2.6%

Shares of NYSE PMT opened at $12.01 on Friday. The stock has a market capitalization of $1.04 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.73 and a beta of 1.29. The company has a 50-day moving average price of $12.24 and a 200-day moving average price of $12.45. PennyMac Mortgage Investment Trust has a 1 year low of $11.60 and a 1 year high of $14.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.80.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Tuesday, October 21st. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.19. The firm had revenue of $99.23 million during the quarter, compared to analysts’ expectations of $97.91 million. PennyMac Mortgage Investment Trust had a net margin of 37.92% and a return on equity of 9.01%. On average, equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 13.3%. PennyMac Mortgage Investment Trust’s payout ratio is presently 175.82%.

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.