Media headlines about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending somewhat positive on Friday, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of 0.25 on Alpha One’s scale. Alpha One also assigned press coverage about the real estate investment trust an impact score of 92 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $18.00 price objective on shares of PennyMac Mortgage Investment Trust in a report on Wednesday. Credit Suisse Group AG increased their price target on PennyMac Mortgage Investment Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday, March 28th. Finally, Compass Point downgraded PennyMac Mortgage Investment Trust from a “buy” rating to a “neutral” rating in a report on Monday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.96.
Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) opened at 17.58 on Friday. The stock has a 50 day moving average price of $17.27 and a 200 day moving average price of $16.51. PennyMac Mortgage Investment Trust has a 52 week low of $12.99 and a 52 week high of $18.16. The firm has a market capitalization of $1.17 billion, a P/E ratio of 16.29 and a beta of 0.62.
PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Thursday, February 2nd. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $68.90 million for the quarter, compared to the consensus estimate of $58.03 million. PennyMac Mortgage Investment Trust had a net margin of 27.86% and a return on equity of 5.51%. PennyMac Mortgage Investment Trust’s revenue was up 36.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Analysts forecast that PennyMac Mortgage Investment Trust will post $1.67 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 27th. Shareholders of record on Thursday, April 13th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.69%. The ex-dividend date is Tuesday, April 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 179.05%.
In other PennyMac Mortgage Investment Trust news, insider Steven Richard Bailey sold 3,076 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of $16.90, for a total transaction of $51,984.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew S. Chang sold 1,899 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $16.87, for a total transaction of $32,036.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,072 shares of company stock worth $204,174. 1.80% of the stock is owned by insiders.
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About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.
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