Public Employees Retirement System of Ohio held its position in PennyMac Mortgage Investment Trust (NYSE:PMT) during the first quarter, Holdings Channel reports. The institutional investor owned 6,903 shares of the real estate investment trust’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in PennyMac Mortgage Investment Trust were worth $123,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter worth approximately $104,000. ProShare Advisors LLC raised its stake in shares of PennyMac Mortgage Investment Trust by 198.3% in the first quarter. ProShare Advisors LLC now owns 33,844 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 22,500 shares during the period. Jane Street Group LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter worth approximately $190,000. Eqis Capital Management Inc. acquired a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter worth approximately $210,000. Finally, Karp Capital Management Corp acquired a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter worth approximately $240,000. Institutional investors own 64.24% of the company’s stock.

Shares of PennyMac Mortgage Investment Trust (NYSE PMT) traded down 0.29% during mid-day trading on Friday, reaching $17.21. The company had a trading volume of 435,146 shares. The company has a 50 day moving average price of $17.82 and a 200 day moving average price of $17.50. PennyMac Mortgage Investment Trust has a one year low of $14.28 and a one year high of $18.46. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.29 and a beta of 0.52.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.05. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. The company had revenue of $83.96 million during the quarter, compared to the consensus estimate of $80.12 million. During the same period in the prior year, the business posted ($0.08) earnings per share. PennyMac Mortgage Investment Trust’s revenue for the quarter was up 76.4% compared to the same quarter last year. On average, analysts anticipate that PennyMac Mortgage Investment Trust will post $1.68 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Thursday, July 13th were issued a $0.47 dividend. The ex-dividend date was Tuesday, July 11th. This represents a $1.88 dividend on an annualized basis and a yield of 10.92%. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 109.94%.

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PMT has been the topic of a number of recent analyst reports. BidaskClub lowered PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, May 9th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $18.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.46.

In related news, CEO David Spector sold 8,235 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $17.59, for a total value of $144,853.65. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew S. Chang sold 1,937 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $17.64, for a total value 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 worth $222,229. 1.80% of the stock is owned by 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.

Want to see what other hedge funds are holding PMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PennyMac Mortgage Investment Trust (NYSE:PMT).

Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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