First Trust Advisors LP Has $9.72 Million Stock Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

First Trust Advisors LP grew its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 772,213 shares of the real estate investment trust's stock after purchasing an additional 40,270 shares during the quarter. First Trust Advisors LP owned approximately 0.89% of PennyMac Mortgage Investment Trust worth $9,722,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PMT. Wilmington Savings Fund Society FSB bought a new position in shares of PennyMac Mortgage Investment Trust during the third quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth about $25,000. Versant Capital Management Inc raised its position in shares of PennyMac Mortgage Investment Trust by 58.0% during the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 822 shares during the last quarter. Principal Securities Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 2,288 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth about $36,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the company's stock in a transaction 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 completion of the transaction, the director now owns 64,082 shares in the company, valued at $929,189. This represents a 18.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Catherine A. Lynch bought 2,878 shares of the stock in a transaction dated Thursday, April 24th. The shares were acquired at an average price of $12.15 per share, for a total transaction of $34,967.70. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.89% of the stock is owned by insiders.

PennyMac Mortgage Investment Trust Trading Up 3.4 %

Shares of PennyMac Mortgage Investment Trust stock opened at $12.62 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. PennyMac Mortgage Investment Trust has a 52 week low of $11.77 and a 52 week high of $15.22. The stock has a 50 day moving average price of $13.86 and a two-hundred day moving average price of $13.46. The stock has a market capitalization of $1.10 billion, a PE ratio of 9.49 and a beta of 1.17.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings data 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 net margin of 48.17% and a return on equity of 11.48%. The firm had revenue of $44.47 million during the quarter, compared to analyst estimates of $94.36 million. During the same period last year, the business posted $0.39 EPS. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 12.68%. PennyMac Mortgage Investment Trust's payout ratio is 172.04%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PMT shares. Keefe, Bruyette & Woods lowered their price objective 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. Jones Trading reiterated a "hold" rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 24th. UBS Group lowered their target price on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, PennyMac Mortgage Investment Trust presently has an average rating of "Hold" and a consensus target price of $14.75.

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.

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