Invesco Ltd. Buys 1,361,282 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Invesco Ltd. lifted its stake in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 167.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,173,869 shares of the real estate investment trust's stock after purchasing an additional 1,361,282 shares during the quarter. Invesco Ltd. owned 2.50% of PennyMac Mortgage Investment Trust worth $27,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PMT. Principal Financial Group Inc. boosted its holdings in shares of PennyMac Mortgage Investment Trust by 18.2% during the third quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust's stock worth $7,221,000 after purchasing an additional 77,955 shares during the period. Norges Bank acquired a new position in PennyMac Mortgage Investment Trust during the fourth quarter valued at approximately $5,212,000. Simplify Asset Management Inc. raised its holdings in PennyMac Mortgage Investment Trust by 476.0% in the 4th quarter. Simplify Asset Management Inc. now owns 57,600 shares of the real estate investment trust's stock worth $725,000 after acquiring an additional 47,600 shares during the period. Dana Investment Advisors Inc. boosted its holdings in PennyMac Mortgage Investment Trust by 5.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 496,570 shares of the real estate investment trust's stock valued at $6,252,000 after acquiring an additional 23,948 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of PennyMac Mortgage Investment Trust by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,520,394 shares of the real estate investment trust's stock valued at $19,142,000 after purchasing an additional 63,781 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In related news, Director Doug Jones sold 14,530 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total transaction of $210,685.00. Following the sale, the director now directly owns 64,082 shares in the company, valued at $929,189. This trade represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.89% of the company's stock.

PennyMac Mortgage Investment Trust Trading Down 0.3 %

PMT stock traded down $0.04 during trading on Thursday, hitting $12.25. The company had a trading volume of 774,251 shares, compared to its average volume of 810,995. The firm has a 50-day moving average price of $13.95 and a 200-day moving average price of $13.51. PennyMac Mortgage Investment Trust has a 12 month low of $11.77 and a 12 month high of $15.22. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 9.21 and a beta of 1.17.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported ($0.01) earnings per share (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 the consensus estimate of $94.36 million. During the same quarter in the prior year, the business earned $0.39 EPS. As a group, analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 13.06%. The ex-dividend date of this dividend is Friday, April 11th. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is 120.30%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group decreased their target price on 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. JMP Securities reaffirmed a "market outperform" rating and set a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust has a consensus rating of "Moderate Buy" and an average target price of $14.83.

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.