Prudential Financial Inc. lessened its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 44.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 194,300 shares of the real estate investment trust’s stock after selling 156,380 shares during the period. Prudential Financial Inc. owned approximately 0.29% of PennyMac Mortgage Investment Trust worth $3,554,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. ProShare Advisors LLC lifted its stake in PennyMac Mortgage Investment Trust by 198.3% during the 1st quarter. ProShare Advisors LLC now owns 33,844 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 22,500 shares during the period. First Trust Advisors LP lifted its stake in PennyMac Mortgage Investment Trust by 54.5% during the 1st quarter. First Trust Advisors LP now owns 125,713 shares of the real estate investment trust’s stock valued at $2,231,000 after acquiring an additional 44,336 shares during the period. Bank of New York Mellon Corp lifted its stake in PennyMac Mortgage Investment Trust by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 507,742 shares of the real estate investment trust’s stock valued at $9,013,000 after acquiring an additional 32,271 shares during the period. UBS Asset Management Americas Inc. lifted its stake in PennyMac Mortgage Investment Trust by 32.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 46,191 shares of the real estate investment trust’s stock valued at $820,000 after acquiring an additional 11,395 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in PennyMac Mortgage Investment Trust during the 1st quarter valued at approximately $240,000. 62.47% of the stock is currently owned by institutional investors.

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Shares of PennyMac Mortgage Investment Trust (NYSE PMT) opened at 17.20 on Friday. PennyMac Mortgage Investment Trust has a 52 week low of $14.28 and a 52 week high of $18.46. The firm’s 50-day moving average is $17.20 and its 200 day moving average is $17.54. The firm has a market capitalization of $1.15 billion, a PE ratio of 10.28 and a beta of 0.51.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). The business had revenue of $83.96 million for the quarter, compared to analysts’ expectations of $80.12 million. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. The business’s revenue was up 76.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) earnings per share. On average, equities analysts forecast that PennyMac Mortgage Investment Trust will post $1.64 earnings per share for the current year.

Several brokerages have commented on PMT. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.46.

PennyMac Mortgage Investment Trust 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.

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

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