XTX Topco Ltd Acquires Shares of 98,765 PennyMac Mortgage Investment Trust (NYSE:PMT)

Key Points

• XTX Topco Ltd acquired 98,765 shares of PennyMac Mortgage Investment Trust (PMT), valued at approximately $1.45 million, increasing its stake to about 0.11% as of the end of the most recent quarter.
• Several large investors, including Deutsche Bank AG and Norges Bank, have recently increased their holdings in PMT, indicating growing institutional interest in the company.
• PennyMac Mortgage Investment Trust’s latest earnings report showed a miss on earnings per share, reporting ($0.04) compared to analyst expectations of $0.35, resulting in a market cap of $1.03 billion.

XTX Topco Ltd bought a new position in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 98,765 shares of the real estate investment trust's stock, valued at approximately $1,447,000. XTX Topco Ltd owned about 0.11% of PennyMac Mortgage Investment Trust as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PMT. GAMMA Investing LLC grew its stake in shares of PennyMac Mortgage Investment Trust by 204.0% during the 1st quarter. GAMMA Investing LLC now owns 2,031 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,363 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter worth approximately $36,000. Motiv8 Investments LLC boosted its position in shares of PennyMac Mortgage Investment Trust by 13.1% in the first quarter. Motiv8 Investments LLC now owns 11,547 shares of the real estate investment trust's stock worth $169,000 after purchasing an additional 1,333 shares during the period. Nebula Research & Development LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter worth $196,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $217,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

PennyMac Mortgage Investment Trust Stock Up 1.5%

Shares of NYSE:PMT traded up $0.18 during trading on Monday, reaching $11.98. The stock had a trading volume of 198,260 shares, compared to its average volume of 834,832. PennyMac Mortgage Investment Trust has a one year low of $11.70 and a one year high of $14.93. The company has a market capitalization of $1.04 billion, a P/E ratio of 16.63, a PEG ratio of 1.53 and a beta of 1.22. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.82. The firm's 50-day simple moving average is $12.58 and its 200 day simple moving average is $13.17.

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

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors 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 dividend on an annualized basis and a yield of 13.4%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is 222.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Jones Trading reissued a "hold" rating on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 24th. Wells Fargo & Company reduced 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 note on Friday, May 2nd. UBS Group reduced their price target on shares of PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods downgraded shares of PennyMac Mortgage Investment Trust from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $14.50 to $13.50 in a research note on Friday, July 25th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $14.00.

About PennyMac Mortgage Investment Trust

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.