NYSE:PMT - PennyMac Mortgage Investment Trust Stock Price, News, & Analysis

PennyMac Mortgage Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PMT."

PennyMac Mortgage Investment Trust declared a quarterly dividend on Thursday, June 28th. Stockholders of record on Friday, July 13th will be paid a dividend of $0.47 per share on Monday, July 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date is Thursday, July 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its Board of Directors has initiated a share repurchase program on Thursday, December 21st 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings results on Thursday, August, 2nd. The real estate investment trust reported $0.47 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.37 by $0.10. The real estate investment trust had revenue of $82.99 million for the quarter, compared to analysts' expectations of $70.85 million. PennyMac Mortgage Investment Trust had a return on equity of 8.37% and a net margin of 36.14%. During the same period last year, the company posted $0.38 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for PennyMac Mortgage Investment Trust.

3 brokerages have issued 1-year price targets for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $18.00 to $20.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $18.6667 in the next year. This suggests that the stock has a possible downside of 7.3%. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PennyMac Mortgage Investment Trust.

Some companies that are related to PennyMac Mortgage Investment Trust include Hammerson (HMSNF), Hospitality Properties Trust (HPT), Ryman Hospitality Properties (RHP), JBG SMITH Properties (JBGS), Life Storage (LSI), Rayonier (RYN), Gramercy Property Trust (GPT), Senior Housing Properties Trust (SNH), Sabra Health Care REIT (SBRA), Blackstone Mortgage Trust (BXMT), Apple Hospitality REIT (APLE), CoreSite Realty (COR), First Industrial Realty Trust (FR), RLJ Lodging Trust (RLJ) and Equity Commonwealth (EQC).

Press coverage about PMT stock has been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a news and rumor sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 46.57 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.83%), LSV Asset Management (2.22%), Global X Management Co LLC (1.68%), Bank of New York Mellon Corp (1.39%), Bank of New York Mellon Corp (1.39%) and Schwab Charles Investment Management Inc. (1.01%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Steven Richard Bailey and Vandad Fartaj. View Institutional Ownership Trends for PennyMac Mortgage Investment Trust.

PMT stock was sold by a variety of institutional investors in the last quarter, including Wolverine Asset Management LLC, First Trust Advisors LP, Advisors Asset Management Inc., Advisors Asset Management Inc., Renaissance Technologies LLC, California Public Employees Retirement System, Martingale Asset Management L P and SG Americas Securities LLC. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Paul Dufauchard Jr Preston, Steven Richard Bailey and Vandad Fartaj. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

PMT stock was bought by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Citadel Advisors LLC, State Board of Administration of Florida Retirement System, Connor Clark & Lunn Investment Management Ltd., Schwab Charles Investment Management Inc., TD Asset Management Inc., Bank of America Corp DE and Raymond James Financial Services Advisors Inc.. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Marianne Sullivan and Scott W Carnahan. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

Shares of PMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PMT stock can currently be purchased for approximately $20.14.

PennyMac Mortgage Investment Trust has a market capitalization of $1.23 billion and generates $317.94 million in revenue each year. The real estate investment trust earns $117.74 million in net income (profit) each year or $1.30 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 3 workers across the globe.

PennyMac Mortgage Investment Trust's mailing address is 3043 Townsgate Road, Westlake Village CA, 91361. The real estate investment trust can be reached via phone at 818-224-7442 or via email at [email protected]