Public Sector Pension Investment Board Boosts Stock Holdings in PennyMac Mortgage Investment Trust $PMT

Public Sector Pension Investment Board boosted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 27.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,423 shares of the real estate investment trust's stock after acquiring an additional 59,008 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of PennyMac Mortgage Investment Trust worth $4,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of PennyMac Mortgage Investment Trust in the first quarter valued at about $3,713,000. Entropy Technologies LP bought a new position in shares of PennyMac Mortgage Investment Trust in the first quarter valued at about $259,000. Charles Schwab Investment Management Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,525,689 shares of the real estate investment trust's stock valued at $22,351,000 after purchasing an additional 5,295 shares during the period. Vanguard Group Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,623,312 shares of the real estate investment trust's stock valued at $140,982,000 after purchasing an additional 30,334 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 71.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,968 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 4,147 shares during the period. 67.38% of the stock is owned by institutional investors.

PennyMac Mortgage Investment Trust Price Performance

Shares of PMT traded up $0.4240 during mid-day trading on Friday, reaching $12.3140. The company had a trading volume of 189,756 shares, compared to its average volume of 817,314. The company's 50 day simple moving average is $12.48 and its 200 day simple moving average is $13.09. PennyMac Mortgage Investment Trust has a 1-year low of $11.70 and a 1-year high of $14.93. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 2.98 and a beta of 1.22.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The real estate investment trust reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.39). PennyMac Mortgage Investment Trust had a return on equity of 7.68% and a net margin of 34.65%.The business had revenue of $70.20 million for the quarter, compared to analyst estimates of $95.46 million. Analysts expect that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.40 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 13.0%. PennyMac Mortgage Investment Trust's payout ratio is currently 222.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PMT shares. Wells Fargo & Company lowered their price target on shares of PennyMac Mortgage Investment Trust from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Jones Trading reaffirmed a "hold" rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered shares of PennyMac Mortgage Investment Trust from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $14.50 to $13.50 in a research report on Friday, July 25th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $14.00.

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.