PennyMac Mortgage Investment Trust (NYSE:PMT) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 196.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,267 shares of the real estate investment trust's stock after purchasing an additional 26,703 shares during the period. Mackenzie Financial Corp's holdings in PennyMac Mortgage Investment Trust were worth $507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PMT. ProShare Advisors LLC lifted its holdings in PennyMac Mortgage Investment Trust by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 26,189 shares of the real estate investment trust's stock worth $330,000 after buying an additional 8,061 shares in the last quarter. Millennium Management LLC boosted its holdings in PennyMac Mortgage Investment Trust by 99.4% in the fourth quarter. Millennium Management LLC now owns 153,974 shares of the real estate investment trust's stock valued at $1,939,000 after purchasing an additional 76,751 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in PennyMac Mortgage Investment Trust by 9.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 777,712 shares of the real estate investment trust's stock valued at $9,791,000 after purchasing an additional 66,371 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of PennyMac Mortgage Investment Trust by 11.7% in the 4th quarter. Lazard Asset Management LLC now owns 61,314 shares of the real estate investment trust's stock valued at $771,000 after buying an additional 6,421 shares during the period. Finally, Deutsche Bank AG grew its position in shares of PennyMac Mortgage Investment Trust by 44.5% during the fourth quarter. Deutsche Bank AG now owns 77,555 shares of the real estate investment trust's stock worth $976,000 after buying an additional 23,874 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

PennyMac Mortgage Investment Trust Trading Down 0.2%

PMT traded down $0.03 during midday trading on Friday, hitting $12.34. The company's stock had a trading volume of 195,097 shares, compared to its average volume of 794,061. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $14.98. The firm has a 50-day moving average price of $12.81 and a two-hundred day moving average price of $13.28. 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 cap of $1.07 billion, a P/E ratio of 9.27 and a beta of 1.32.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported ($0.01) earnings per share 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 company had revenue of $44.47 million for the quarter, compared to analysts' expectations of $94.36 million. During the same period in the prior year, the business earned $0.39 EPS. On average, research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Activity at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Catherine A. Lynch bought 2,878 shares of the business's stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of $12.15 per share, with a total value of $34,967.70. Following the transaction, the director now directly owns 49,254 shares in the company, valued at approximately $598,436.10. This trade represents a 6.21% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by insiders.

PennyMac Mortgage Investment Trust 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.