International Assets Investment Management LLC Has $4.87 Million Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

International Assets Investment Management LLC boosted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 1,307.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,910 shares of the real estate investment trust's stock after purchasing an additional 302,760 shares during the period. International Assets Investment Management LLC owned about 0.38% of PennyMac Mortgage Investment Trust worth $4,872,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in PennyMac Mortgage Investment Trust by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,801,513 shares of the real estate investment trust's stock worth $182,438,000 after acquiring an additional 85,349 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of PennyMac Mortgage Investment Trust by 5.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,688,236 shares of the real estate investment trust's stock valued at $58,088,000 after purchasing an additional 227,513 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of PennyMac Mortgage Investment Trust by 11.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,609,260 shares of the real estate investment trust's stock worth $63,746,000 after buying an additional 460,177 shares in the last quarter. State Street Corp lifted its position in shares of PennyMac Mortgage Investment Trust by 3.5% during the 1st quarter. State Street Corp now owns 3,544,419 shares of the real estate investment trust's stock worth $59,865,000 after buying an additional 121,072 shares during the last quarter. Finally, Invesco Ltd. grew its position in PennyMac Mortgage Investment Trust by 8.0% in the first quarter. Invesco Ltd. now owns 2,409,271 shares of the real estate investment trust's stock valued at $40,693,000 after acquiring an additional 178,783 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Transactions at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 7,810 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $14.34, for a total value of $111,995.40. Following the sale, the director now directly owns 53,311 shares of the company's stock, valued at approximately $764,479.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

PennyMac Mortgage Investment Trust Trading Down 0.3 %

Shares of PennyMac Mortgage Investment Trust stock traded down $0.04 during trading on Wednesday, hitting $13.24. The company's stock had a trading volume of 485,008 shares, compared to its average volume of 619,834. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 8.25 and a beta of 1.48. PennyMac Mortgage Investment Trust has a 52 week low of $10.52 and a 52 week high of $15.89. The stock has a 50-day moving average price of $14.07 and a two-hundred day moving average price of $13.89. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.28 and a quick ratio of 0.28.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 12.09%. PennyMac Mortgage Investment Trust's payout ratio is 99.38%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PMT. Deutsche Bank Aktiengesellschaft assumed coverage on shares of PennyMac Mortgage Investment Trust in a research note on Wednesday, January 10th. They issued a "hold" rating and a $15.00 price target on the stock. B. Riley upped their target price on PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $14.58.

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.