JPMorgan Chase & Co. Has $4.30 Million Stock Holdings in PennyMac Mortgage Investment Trust $PMT

JPMorgan Chase & Co. decreased its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 20.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,631 shares of the real estate investment trust’s stock after selling 90,916 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.40% of PennyMac Mortgage Investment Trust worth $4,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PMT. CWM LLC grew its stake in PennyMac Mortgage Investment Trust by 57.7% in the 3rd quarter. CWM LLC now owns 2,943 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,077 shares during the last quarter. Advisory Services Network LLC acquired a new position in PennyMac Mortgage Investment Trust during the 3rd quarter worth $50,000. KERR FINANCIAL PLANNING Corp bought a new stake in PennyMac Mortgage Investment Trust during the third quarter valued at about $52,000. Russell Investments Group Ltd. boosted its holdings in PennyMac Mortgage Investment Trust by 49.0% during the second quarter. Russell Investments Group Ltd. now owns 4,861 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 1,599 shares during the period. Finally, Sei Investments Co. acquired a new stake in shares of PennyMac Mortgage Investment Trust in the second quarter valued at about $129,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PMT has been the topic of a number of recent analyst reports. Piper Sandler dropped their price objective on PennyMac Mortgage Investment Trust from $13.50 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods raised PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.50 target price on the stock in a report on Thursday, December 18th. Citigroup reaffirmed an “outperform” rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 22nd. 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 report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PennyMac Mortgage Investment Trust in a research report on Friday, March 27th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.60.

PennyMac Mortgage Investment Trust Stock Up 1.6%

PMT stock opened at $11.97 on Friday. PennyMac Mortgage Investment Trust has a twelve month low of $11.15 and a twelve month high of $14.61. The company has a market cap of $1.04 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.57 and a beta of 1.24. The business’s 50-day simple moving average is $12.11 and its 200 day simple moving average is $12.39. 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 posted its quarterly earnings results 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 firm had revenue of $0.15 million during the quarter, compared to analysts’ expectations of $96.96 million. On average, research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

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

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.