Somewhat Positive News Coverage Somewhat Unlikely to Impact PennyMac Mortgage Investment Trust (PMT) Share Price
News coverage about PennyMac Mortgage Investment Trust (NYSE:PMT) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded 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 news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.7035626238684 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s rankings:
- Pennymac Mortgage Investment Trust (PMT) Technicals Reveal Strong Momentum Building – Collins Courier (collinscourier.com)
- Is There Now An Opportunity In PennyMac Mortgage Investment Trust (NYSE:PMT)? (finance.yahoo.com)
- PennyMac Mortgage Investment Trust (PMT) vs. Five Oaks Investment (OAKS) Head to Head Comparison (americanbankingnews.com)
- PennyMac Mortgage Investment Trust breached its 50 day moving average in a Bullish Manner : PMT-US : December 14, 2017 (finance.yahoo.com)
Several research analysts have issued reports on the company. Zacks Investment Research upgraded PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods lowered PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $19.00 to $18.00 in a research report on Tuesday, October 10th. BidaskClub upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, ValuEngine upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $18.50.
PennyMac Mortgage Investment Trust (PMT) opened at $16.55 on Monday. PennyMac Mortgage Investment Trust has a 12-month low of $14.87 and a 12-month high of $18.46. The stock has a market capitalization of $1,090.00, a P/E ratio of 11.65 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 0.78.
PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.18). PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. The business had revenue of $75.80 million for the quarter, compared to analysts’ expectations of $81.72 million. During the same quarter last year, the firm earned $1.06 EPS. The firm’s quarterly revenue was down 26.6% on a year-over-year basis. equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.32 EPS for the current fiscal year.
In other 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 transaction of $317,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 75,000 shares of company stock valued at $1,299,563 in the last 90 days. Company 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.
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