PennyMac Mortgage Investment Trust $PMT Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 93.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,549 shares of the real estate investment trust’s stock after selling 155,435 shares during the period. Tudor Investment Corp ET AL’s holdings in PennyMac Mortgage Investment Trust were worth $142,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of PennyMac Mortgage Investment Trust by 36.7% during the 1st quarter. AQR Capital Management LLC now owns 16,155 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 4,335 shares in the last quarter. Jane Street Group LLC acquired a new position in PennyMac Mortgage Investment Trust during the first quarter worth about $4,166,000. Intech Investment Management LLC increased its holdings in PennyMac Mortgage Investment Trust by 1.3% in the first quarter. Intech Investment Management LLC now owns 109,272 shares of the real estate investment trust’s stock valued at $1,601,000 after buying an additional 1,411 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of PennyMac Mortgage Investment Trust by 4.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 441,547 shares of the real estate investment trust’s stock valued at $5,678,000 after acquiring an additional 19,389 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of PennyMac Mortgage Investment Trust by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 243,093 shares of the real estate investment trust’s stock valued at $3,126,000 after acquiring an additional 1,443 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Up 1.6%

PMT opened at $11.97 on Friday. The firm has a market cap of $1.04 billion, a P/E ratio of 12.21, a PEG ratio of 0.57 and a beta of 1.24. The business’s fifty day simple moving average is $12.11 and its 200 day simple moving average is $12.39. PennyMac Mortgage Investment Trust has a 52 week low of $11.15 and a 52 week high of $14.61. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 6.55.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. PennyMac Mortgage Investment Trust had a return on equity of 9.53% and a net margin of 41.59%.The company had revenue of $0.15 million for the quarter, compared to analyst estimates of $96.96 million. As a group, equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 13.4%. PennyMac Mortgage Investment Trust’s dividend payout ratio is 163.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PMT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PennyMac Mortgage Investment Trust in a research note on Friday, March 27th. Piper Sandler decreased their target price on PennyMac Mortgage Investment Trust from $13.50 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods upgraded PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.50 price target for the company in a research report on Thursday, December 18th. Citizens Jmp cut their price target on PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set a “market outperform” rating for the company in a research note on Thursday, January 22nd. Finally, Citigroup reiterated an “outperform” rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.60.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.