SG Americas Securities LLC Boosts Stock Holdings in PennyMac Mortgage Investment Trust $PMT

SG Americas Securities LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 1,586.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,950 shares of the real estate investment trust’s stock after buying an additional 495,704 shares during the quarter. SG Americas Securities LLC owned about 0.61% of PennyMac Mortgage Investment Trust worth $6,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in PennyMac Mortgage Investment Trust by 102.8% in the 4th quarter. GAMMA Investing LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,395 shares in the last quarter. CWM LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 57.7% during the third quarter. CWM LLC now owns 2,943 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 1,077 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of PennyMac Mortgage Investment Trust in the third quarter worth $50,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of PennyMac Mortgage Investment Trust in the third quarter worth $52,000. Finally, Russell Investments Group Ltd. grew its position in shares of PennyMac Mortgage Investment Trust by 49.0% in 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 purchasing an additional 1,599 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

PennyMac Mortgage Investment Trust Trading Up 2.7%

PennyMac Mortgage Investment Trust stock opened at $11.66 on Wednesday. The company has a debt-to-equity ratio of 6.55, a quick ratio of 1.12 and a current ratio of 1.12. PennyMac Mortgage Investment Trust has a fifty-two week low of $11.15 and a fifty-two week high of $14.87. The stock has a market cap of $1.01 billion, a P/E ratio of 11.89, a PEG ratio of 1.00 and a beta of 1.25. The firm’s fifty day moving average price is $12.17 and its 200-day moving average price is $12.40.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.48 earnings per share (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 during the quarter, compared to analyst estimates of $96.96 million. Equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date is Thursday, April 9th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 163.27%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PMT. Citizens Jmp decreased 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 research note on Thursday, January 22nd. Citigroup reaffirmed an “outperform” rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 22nd. Keefe, Bruyette & Woods upgraded PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.50 price target on the stock in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of PennyMac Mortgage Investment Trust in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, PennyMac Mortgage Investment Trust has an average rating of “Hold” and an average 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.