PennyMac Mortgage Investment Trust $PMT Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lifted its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 525,337 shares of the real estate investment trust’s stock after purchasing an additional 48,618 shares during the quarter. Dana Investment Advisors Inc. owned about 0.60% of PennyMac Mortgage Investment Trust worth $6,441,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Jane Street Group LLC acquired a new position in PennyMac Mortgage Investment Trust during the 1st quarter valued at about $4,166,000. Norges Bank acquired a new stake in shares of PennyMac Mortgage Investment Trust in the 2nd quarter worth approximately $2,982,000. Boston Partners lifted its stake in shares of PennyMac Mortgage Investment Trust by 20.9% in the 2nd quarter. Boston Partners now owns 1,249,758 shares of the real estate investment trust’s stock worth $15,873,000 after acquiring an additional 216,056 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its holdings in shares of PennyMac Mortgage Investment Trust by 189.9% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 183,004 shares of the real estate investment trust’s stock valued at $2,353,000 after acquiring an additional 119,884 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of PennyMac Mortgage Investment Trust by 5.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,402,505 shares of the real estate investment trust’s stock valued at $18,036,000 after acquiring an additional 67,404 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PMT. Citigroup reissued an “outperform” rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.50 price objective on the stock in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c-)” rating on shares of PennyMac Mortgage Investment Trust in a report on Monday, December 29th. Finally, Citizens Jmp decreased their target price on PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set a “market outperform” rating for the company in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.75.

PennyMac Mortgage Investment Trust Price Performance

Shares of NYSE:PMT opened at $12.14 on Wednesday. PennyMac Mortgage Investment Trust has a one year low of $11.60 and a one year high of $14.93. The stock has a fifty day moving average of $12.79 and a 200-day moving average of $12.49. The company has a market capitalization of $1.06 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.01 and a beta of 1.27. The company has a debt-to-equity ratio of 6.55, a quick ratio of 1.12 and a current ratio of 1.12.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $0.15 million for the quarter, compared to analysts’ expectations of $96.96 million. PennyMac Mortgage Investment Trust had a return on equity of 9.53% and a net margin of 41.59%. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, December 26th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 13.2%. The ex-dividend date was Friday, December 26th. PennyMac Mortgage Investment Trust’s payout ratio is presently 163.27%.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.