Public Sector Pension Investment Board Purchases 42,720 Shares of PennyMac Mortgage Investment Trust $PMT

Public Sector Pension Investment Board grew its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 14.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 339,375 shares of the real estate investment trust’s stock after buying an additional 42,720 shares during the period. Public Sector Pension Investment Board owned 0.39% of PennyMac Mortgage Investment Trust worth $4,161,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in PennyMac Mortgage Investment Trust by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,096,625 shares of the real estate investment trust’s stock worth $26,966,000 after buying an additional 28,689 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in PennyMac Mortgage Investment Trust by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 709,370 shares of the real estate investment trust’s stock worth $9,122,000 after acquiring an additional 28,206 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust during the second quarter worth about $482,000. Norges Bank acquired a new position in shares of PennyMac Mortgage Investment Trust during the second quarter valued at about $2,982,000. Finally, Boston Partners raised its position in shares of PennyMac Mortgage Investment Trust by 20.9% in the 2nd quarter. Boston Partners now owns 1,249,758 shares of the real estate investment trust’s stock valued at $15,873,000 after purchasing an additional 216,056 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Trading Down 0.4%

Shares of PennyMac Mortgage Investment Trust stock opened at $12.31 on Friday. The stock has a market cap of $1.07 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.27. The firm has a fifty day moving average price of $12.80 and a 200 day moving average price of $12.48. PennyMac Mortgage Investment Trust has a 1 year low of $11.60 and a 1 year high of $14.93. The company has a debt-to-equity ratio of 6.55, a current ratio of 1.12 and a quick ratio of 0.88.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. The company had revenue of $0.15 million for the quarter, compared to the consensus estimate of $96.96 million. PennyMac Mortgage Investment Trust had a return on equity of 9.53% and a net margin of 41.59%. Equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, December 26th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $1.60 dividend on an annualized basis and a yield of 13.0%. PennyMac Mortgage Investment Trust’s payout ratio is presently 163.27%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of PennyMac Mortgage Investment Trust in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised shares of PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.50 price objective on the stock in a report on Thursday, December 18th. Citigroup reissued an “outperform” rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 22nd. UBS Group lifted their price target on PennyMac Mortgage Investment Trust from $13.00 to $13.50 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Citizens Jmp cut their price objective on PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set a “market outperform” rating on the stock in a report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust currently has an average rating of “Hold” and a consensus price target of $13.75.

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.