XTX Topco Ltd Takes Position in 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 stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 98,765 shares of the real estate investment trust's stock, valued at approximately $1,447,000. XTX Topco Ltd owned approximately 0.11% of PennyMac Mortgage Investment Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of PennyMac Mortgage Investment Trust by 167.5% in the 4th quarter. Invesco Ltd. now owns 2,173,869 shares of the real estate investment trust's stock valued at $27,369,000 after acquiring an additional 1,361,282 shares during the last quarter. Norges Bank bought a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at about $5,212,000. Northern Trust Corp lifted its holdings in shares of PennyMac Mortgage Investment Trust by 28.6% in the 4th quarter. Northern Trust Corp now owns 1,145,336 shares of the real estate investment trust's stock valued at $14,420,000 after acquiring an additional 254,581 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of PennyMac Mortgage Investment Trust in the 1st quarter valued at about $3,106,000. Finally, Renaissance Technologies LLC bought a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at about $2,139,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. 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 for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods downgraded shares of PennyMac Mortgage Investment Trust from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $14.50 to $13.50 in a report on Friday, July 25th. Jones Trading reaffirmed a "hold" rating on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 24th. Finally, UBS Group dropped their price target 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, April 16th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, PennyMac Mortgage Investment Trust has a consensus rating of "Hold" and an average target price of $14.00.

PennyMac Mortgage Investment Trust Trading Up 0.1%

PMT traded up $0.01 on Friday, reaching $11.80. 958,987 shares of the company traded hands, compared to its average volume of 984,735. PennyMac Mortgage Investment Trust has a one year low of $11.70 and a one year high of $14.93. The firm has a fifty day simple moving average of $12.58 and a two-hundred day simple moving average of $13.16. The company has a market cap of $1.03 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 3.82.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.39). PennyMac Mortgage Investment Trust had a net margin of 34.65% and a return on equity of 7.68%. The company had revenue of $70.20 million for the quarter, compared to the consensus estimate of $95.46 million. As a group, equities research analysts expect that PennyMac Mortgage Investment Trust will post 1.54 earnings per share 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. Investors of record on Friday, July 11th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 13.6%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is presently 222.22%.

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.