PennyMac Mortgage Investment Trust (NYSE:PMT) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 0.89% of PennyMac Mortgage Investment Trust worth $9,722,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter worth about $28,000. Versant Capital Management Inc raised its stake in shares of PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 822 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of PennyMac Mortgage Investment Trust by 2,042.9% in the 4th quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 2,288 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Insiders Place Their Bets

In related news, Director Doug Jones sold 14,530 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total value of $210,685.00. Following the completion of the sale, the director now owns 64,082 shares of the company's stock, valued at approximately $929,189. This represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Catherine A. Lynch bought 2,878 shares of PennyMac Mortgage Investment Trust stock in a transaction on Thursday, April 24th. The shares were purchased at an average cost 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 of the company's stock, valued at $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. Corporate insiders own 0.89% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group decreased their price target 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. JMP Securities reissued a "market outperform" rating and set a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Jones Trading reaffirmed a "hold" rating on shares of PennyMac Mortgage Investment Trust in a report 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 on the stock in a research note on Friday. Finally, Keefe, Bruyette & Woods lowered their price target on PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $14.50.

PennyMac Mortgage Investment Trust Price Performance

PMT stock traded up $0.12 during trading on Friday, hitting $12.93. The stock had a trading volume of 750,271 shares, compared to its average volume of 823,424. The company's 50-day moving average price is $13.76 and its two-hundred day moving average price is $13.43. PennyMac Mortgage Investment Trust has a twelve month low of $11.77 and a twelve month high of $15.22. The stock has a market capitalization of $1.13 billion, a P/E ratio of 9.72 and a beta of 1.32. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate 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 in the prior year, the company posted $0.39 earnings per share. As a group, research analysts predict that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 12.37%. PennyMac Mortgage Investment Trust's payout ratio is 172.04%.

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.