Deutsche Bank AG Grows Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Deutsche Bank AG grew its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 44.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,555 shares of the real estate investment trust's stock after acquiring an additional 23,874 shares during the quarter. Deutsche Bank AG owned 0.09% of PennyMac Mortgage Investment Trust worth $976,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Collar Capital Management LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth approximately $1,021,000. Caxton Associates LP grew its holdings in shares of PennyMac Mortgage Investment Trust by 96.8% in the fourth quarter. Caxton Associates LP now owns 35,490 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 17,456 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of PennyMac Mortgage Investment Trust by 45.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,928 shares of the real estate investment trust's stock worth $352,000 after purchasing an additional 8,690 shares during the last quarter. Westbourne Investments Inc. bought a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter worth approximately $500,000. Finally, Northern Trust Corp grew its holdings in shares of PennyMac Mortgage Investment Trust by 28.6% in the fourth quarter. Northern Trust Corp now owns 1,145,336 shares of the real estate investment trust's stock worth $14,420,000 after purchasing an additional 254,581 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

PennyMac Mortgage Investment Trust Stock Down 0.3%

Shares of PennyMac Mortgage Investment Trust stock traded down $0.04 during trading on Friday, hitting $12.30. 621,072 shares of the stock traded hands, compared to its average volume of 794,618. The firm has a market cap of $1.07 billion, a P/E ratio of 9.25 and a beta of 1.32. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $14.98. The stock's fifty day simple moving average is $13.00 and its 200 day simple moving average is $13.30.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The real estate investment trust reported ($0.01) EPS 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 for the quarter, compared to analyst estimates of $94.36 million. During the same period last year, the firm earned $0.39 EPS. On average, equities analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.01%. The ex-dividend date of this dividend was Friday, April 11th. PennyMac Mortgage Investment Trust's payout ratio is presently 172.04%.

Analysts Set New Price Targets

Several research firms recently weighed in on PMT. Jones Trading reiterated a "hold" rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 24th. Wells Fargo & Company lowered their price target on PennyMac Mortgage Investment Trust from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Keefe, Bruyette & Woods lowered their price target on PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group decreased their target price on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.50.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Catherine A. Lynch bought 2,878 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Thursday, April 24th. The stock was acquired at an average cost of $12.15 per share, with a total value of $34,967.70. Following the purchase, the director now directly owns 49,254 shares in the company, valued at $598,436.10. This represents a 6.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Doug Jones sold 14,530 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total value of $210,685.00. Following the transaction, the director now directly owns 64,082 shares of the company's stock, valued at approximately $929,189. The trade was a 18.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by corporate insiders.

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.