LSV Asset Management boosted its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 0.5% in the first quarter, HoldingsChannel.com reports. The firm owned 1,377,010 shares of the real estate investment trust’s stock after acquiring an additional 6,300 shares during the quarter. LSV Asset Management’s holdings in PennyMac Mortgage Investment Trust were worth $28,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Mason Street Advisors LLC grew its stake in PennyMac Mortgage Investment Trust by 15.3% in the 1st quarter. Mason Street Advisors LLC now owns 21,823 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 2,895 shares during the period. Thornburg Investment Management Inc. grew its stake in shares of PennyMac Mortgage Investment Trust by 4.8% during the 1st quarter. Thornburg Investment Management Inc. now owns 2,073,516 shares of the real estate investment trust’s stock valued at $42,943,000 after buying an additional 94,701 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of PennyMac Mortgage Investment Trust by 11.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,321 shares of the real estate investment trust’s stock valued at $483,000 after buying an additional 2,421 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of PennyMac Mortgage Investment Trust during the 1st quarter valued at $620,000. Finally, New York State Teachers Retirement System grew its stake in shares of PennyMac Mortgage Investment Trust by 24.7% during the 1st quarter. New York State Teachers Retirement System now owns 47,007 shares of the real estate investment trust’s stock valued at $974,000 after buying an additional 9,297 shares during the period. Hedge funds and other institutional investors own 69.65% of the company’s stock.

NYSE:PMT opened at $21.22 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.45 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 2.18 and a beta of 0.61. PennyMac Mortgage Investment Trust has a twelve month low of $17.88 and a twelve month high of $21.91.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.25. The business had revenue of $106.62 million for the quarter, compared to analyst estimates of $89.10 million. PennyMac Mortgage Investment Trust had a net margin of 46.63% and a return on equity of 13.71%. During the same quarter in the previous year, the business posted $0.35 EPS. Sell-side analysts forecast that PennyMac Mortgage Investment Trust will post 1.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 29th. Investors of record on Monday, April 15th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.88 annualized dividend and a dividend yield of 8.86%. PennyMac Mortgage Investment Trust’s payout ratio is 94.47%.

Several brokerages have recently issued reports on PMT. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Barclays set a $21.00 price objective on shares of PennyMac Mortgage Investment Trust and gave the company a “hold” rating in a research note on Thursday, March 7th. Keefe, Bruyette & Woods raised shares of PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $22.00 to $23.00 in a research note on Sunday, February 24th. ValuEngine cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Nomura began coverage on shares of PennyMac Mortgage Investment Trust in a research note on Wednesday, March 27th. They set a “buy” rating and a $23.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $22.14.

In related news, CEO David Spector sold 35,000 shares of PennyMac Mortgage Investment Trust stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $20.61, for a total transaction of $721,350.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Scott W. Carnahan sold 5,721 shares of PennyMac Mortgage Investment Trust stock in a transaction on Friday, March 15th. The shares were sold at an average price of $20.75, for a total transaction of $118,710.75. The disclosure for this sale can be found here. Insiders own 2.46% of the company’s stock.

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PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

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

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