PennyMac Mortgage Investment Trust (PMT) Earns Daily Coverage Optimism Score of 0.16
News articles about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern 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 0.16 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.623181371205 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- PennyMac Mortgage Investment Tr (NYSE:PMT) Trading Volume Significantly Lower – First News 24 (firstnewspaper24.com)
- PennyMac Mortgage Investment Trust (PMT) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Edited Transcript of PMT earnings conference call or presentation 3-Aug-17 10:59am GMT (finance.yahoo.com)
- PennyMac reports decline in net income – Pacific Coast Business Times (pacbiztimes.com)
- PennyMac Mortgage Investment Trust Reports Second Quarter 2017 Results – Business Wire (press release) (businesswire.com)
Shares of PennyMac Mortgage Investment Trust (PMT) opened at 17.14 on Monday. The company has a market capitalization of $1.14 billion, a P/E ratio of 13.51 and a beta of 0.52. PennyMac Mortgage Investment Trust has a 1-year low of $14.28 and a 1-year high of $18.46. The firm has a 50-day moving average of $17.95 and a 200 day moving average of $17.49.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.05. PennyMac Mortgage Investment Trust had a return on equity of 8.77% and a net margin of 37.97%. The company had revenue of $83.96 million during the quarter, compared to analysts’ expectations of $80.12 million. During the same period in the prior year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 76.4% on a year-over-year basis. On average, equities research analysts expect that PennyMac Mortgage Investment Trust will post $1.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th were given a $0.47 dividend. The ex-dividend date was Tuesday, July 11th. This represents a $1.88 annualized dividend and a dividend yield of 10.97%. PennyMac Mortgage Investment Trust’s dividend payout ratio is 109.94%.
PMT has been the subject of several research analyst reports. BidaskClub downgraded shares of PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, May 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Wednesday, April 19th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.46.
ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/07/pennymac-mortgage-investment-trust-pmt-earns-daily-coverage-optimism-score-of-0-16.html.
In other news, CEO David Spector sold 8,235 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $17.59, for a total value of $144,853.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew S. Chang sold 1,937 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $17.64, for a total transaction of $34,168.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,626 shares of company stock valued at $222,229. Corporate insiders own 1.80% of the company’s stock.
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.
Receive News & Ratings for PennyMac Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.