PennyMac Mortgage Investment Trust (PMT) Earns Media Sentiment Rating of 0.06

News coverage about PennyMac Mortgage Investment Trust (NYSE:PMT) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 47.2549448358995 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

PMT has been the topic of a number of research reports. Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Monday, November 6th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $19.00 to $18.00 in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and a consensus price target of $18.50.

Shares of PennyMac Mortgage Investment Trust (NYSE PMT) opened at $15.92 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.46. The company has a market cap of $1,040.00, a P/E ratio of 12.15 and a beta of 0.52. PennyMac Mortgage Investment Trust has a 1-year low of $14.87 and a 1-year high of $18.46.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). The company had revenue of $75.80 million during the quarter, compared to the consensus estimate of $81.72 million. PennyMac Mortgage Investment Trust had a return on equity of 7.59% and a net margin of 36.07%. The company’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same period last year, the firm posted $1.06 EPS. analysts expect that PennyMac Mortgage Investment Trust will post 1.32 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust announced that its board has approved a share repurchase program on Wednesday, December 20th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 29th will be issued a $0.47 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.81%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 143.51%.

In related news, insider David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $16.91, for a total value of $317,062.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.08% of the company’s stock.

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PennyMac Mortgage Investment Trust Company Profile

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.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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