Press coverage about PennyMac Mortgage Investment Trust (NYSE:PMT) has trended somewhat positive on Friday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.5713347154246 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of PennyMac Mortgage Investment Trust (PMT) traded up $0.01 on Friday, hitting $15.26. The stock had a trading volume of 504,800 shares, compared to its average volume of 465,587. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $1,000.00, a P/E ratio of 10.74 and a beta of 0.54. PennyMac Mortgage Investment Trust has a 12 month low of $14.87 and a 12 month high of $18.46.
PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.18). The firm had revenue of $75.80 million during the quarter, compared to analyst estimates of $81.72 million. PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. The business’s quarterly revenue was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, October 13th were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.88 annualized dividend and a dividend yield of 12.32%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 143.51%.
PMT has been the subject of several research analyst reports. Zacks Investment Research lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. BidaskClub lowered PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Keefe, Bruyette & Woods lowered PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $19.00 to $18.00 in a research report on Tuesday, October 10th. Finally, ValuEngine lowered PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. PennyMac Mortgage Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $17.33.
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In other news, insider David Spector sold 18,750 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $17.40, for a total value of $326,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 75,000 shares of company stock valued at $1,299,563. 1.80% of the stock is currently owned by company insiders.
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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