Guggenheim Capital LLC Acquires 3,810 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Guggenheim Capital LLC increased its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,115 shares of the real estate investment trust’s stock after purchasing an additional 3,810 shares during the quarter. Guggenheim Capital LLC’s holdings in PennyMac Mortgage Investment Trust were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Invesco Ltd. boosted its position in PennyMac Mortgage Investment Trust by 167.5% during the 4th quarter. Invesco Ltd. now owns 2,173,869 shares of the real estate investment trust’s stock valued at $27,369,000 after acquiring an additional 1,361,282 shares in the last quarter. Norges Bank bought a new stake in PennyMac Mortgage Investment Trust during the 4th quarter valued at approximately $5,212,000. GraniteShares Advisors LLC bought a new stake in PennyMac Mortgage Investment Trust during the 4th quarter valued at approximately $2,461,000. Renaissance Technologies LLC bought a new stake in PennyMac Mortgage Investment Trust during the 4th quarter valued at approximately $2,139,000. Finally, Raymond James Financial Inc. bought a new stake in PennyMac Mortgage Investment Trust during the 4th quarter valued at approximately $1,300,000. 67.38% of the stock is owned by institutional investors.

PennyMac Mortgage Investment Trust Price Performance

PMT stock opened at $12.23 on Monday. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $15.22. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 9.20 and a beta of 1.17. The firm has a 50 day moving average price of $13.89 and a 200-day moving average price of $13.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.39). PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. The firm had revenue of $44.47 million during the quarter, compared to analysts’ expectations of $94.36 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.40 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 13.08%. PennyMac Mortgage Investment Trust’s payout ratio is currently 172.04%.

Insider Buying and Selling

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total value of $210,685.00. Following the completion of the sale, the director now owns 64,082 shares of the company’s stock, valued at approximately $929,189. The trade was a 18.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PMT. UBS Group cut their price objective on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. JMP Securities reiterated a “market outperform” rating and set a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Jones Trading reiterated a “hold” rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday. Finally, Keefe, Bruyette & Woods lowered their target price on shares of PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an “outperform” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $14.75.

PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.