Arrowstreet Capital Limited Partnership Purchases Shares of 83,963 PennyMac Mortgage Investment Trust (NYSE:PMT)

Arrowstreet Capital Limited Partnership purchased a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 83,963 shares of the real estate investment trust's stock, valued at approximately $1,057,000. Arrowstreet Capital Limited Partnership owned 0.10% of PennyMac Mortgage Investment Trust at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PMT. Maridea Wealth Management LLC acquired a new position in PennyMac Mortgage Investment Trust during the fourth quarter valued at approximately $511,000. New Age Alpha Advisors LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter worth $36,000. Norges Bank bought a new stake in shares of PennyMac Mortgage Investment Trust during the 4th quarter worth $5,212,000. Murphy & Mullick Capital Management Corp acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at about $118,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in PennyMac Mortgage Investment Trust by 2.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 208,289 shares of the real estate investment trust's stock valued at $2,622,000 after buying an additional 4,271 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Transactions at PennyMac Mortgage Investment Trust

In related news, Director Doug Jones sold 14,530 shares of the business's stock in a transaction 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 transaction, the director now owns 64,082 shares in the company, valued at $929,189. The trade was a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is owned by corporate insiders.

PennyMac Mortgage Investment Trust Trading Up 1.8 %

NYSE:PMT traded up $0.23 during mid-day trading on Thursday, hitting $12.92. 138,165 shares of the company's stock were exchanged, compared to its average volume of 794,562. PennyMac Mortgage Investment Trust has a fifty-two week low of $11.77 and a fifty-two week high of $15.22. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.71 and a beta of 1.17. The company has a 50 day simple moving average of $14.03 and a 200-day simple moving average of $13.56.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. As a group, research analysts expect that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.40 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 12.39%. PennyMac Mortgage Investment Trust's payout ratio is 120.30%.

Wall Street Analysts Forecast Growth

PMT has been the subject of a number of research reports. JMP Securities reissued a "market outperform" rating and issued a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. UBS Group dropped their price objective on shares of PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, PennyMac Mortgage Investment Trust has an average rating of "Moderate Buy" and a consensus price target of $14.83.

PennyMac Mortgage Investment Trust Company 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.