News stories about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending positive recently, according to AlphaOne Sentiment. The research group, a division of Accern, ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.32 on AlphaOne’s scale. AlphaOne also gave media headlines about the real estate investment trust an impact score of 65 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the near future.
Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) traded down 0.11% during trading on Friday, reaching $17.73. The company’s stock had a trading volume of 222,293 shares. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.97 and a beta of 0.62. PennyMac Mortgage Investment Trust has a one year low of $14.28 and a one year high of $18.25. The firm’s 50-day moving average price is $17.73 and its 200-day moving average price is $17.02.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Shareholders of record on Thursday, April 13th were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, April 11th. This represents a $1.88 dividend on an annualized basis and a yield of 10.60%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 179.05%.
Several equities analysts have weighed in on the company. Zacks Investment Research raised PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $18.00 price objective on shares of PennyMac Mortgage Investment Trust in a report on Wednesday, April 19th. Credit Suisse Group AG increased their price objective on PennyMac Mortgage Investment Trust from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, March 28th. Finally, Compass Point lowered PennyMac Mortgage Investment Trust from a “buy” rating to a “neutral” rating in a report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.46.
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In other news, insider Vandad Fartaj sold 1,538 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $16.88, for a total value of $25,961.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven Richard Bailey sold 3,076 shares of the company’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $16.90, for a total value of $51,984.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,972 shares of company stock valued at $100,869. Company insiders own 1.80% of the company’s stock.
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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