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 Wednesday, September 26th. Investors of record on Monday, October 15th will be paid a dividend of $0.47 per share on Tuesday, October 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.22%. The ex-dividend date is Friday, October 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust declared 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. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings results on Thursday, November, 1st. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.25. The real estate investment trust earned $108.50 million during the quarter, compared to analysts' expectations of $121.87 million. PennyMac Mortgage Investment Trust had a return on equity of 10.64% and a net margin of 40.40%. The company's quarterly revenue was up 43.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

4 equities research analysts have issued 12-month target prices for PennyMac Mortgage Investment Trust's shares. Their predictions range from $18.00 to $22.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $20.25 in the next year. This suggests that the stock has a possible downside of 0.7%. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PennyMac Mortgage Investment Trust.

Media stories about PMT stock have trended positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of 2.8 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

Some companies that are related to PennyMac Mortgage Investment Trust include JBG SMITH Properties (JBGS), Howard Hughes (HHC), Brixmor Property Group (BRX), Highwoods Properties (HIW), Life Storage (LSI), Hospitality Properties Trust (HPT), Hammerson (HMSNF), Blackstone Mortgage Trust (BXMT), Rayonier (RYN), First Industrial Realty Trust (FR), AmeriCold Realty Trust (COLD), Ryman Hospitality Properties (RHP), LaSalle Hotel Properties (LHO), PS Business Parks (PSB) and Equity Commonwealth (EQC).

PennyMac Mortgage Investment Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.80%), Thornburg Investment Management Inc. (3.42%), LSV Asset Management (2.19%), Mirae Asset Global Investments Co. Ltd. (1.76%), Bank of New York Mellon Corp (1.44%) and First Trust Advisors LP (0.87%). 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 Thornburg Investment Management Inc., Advisors Asset Management Inc., Alliancebernstein L.P., Renaissance Technologies LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Martingale Asset Management L P and FMR 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 acquired by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., BlackRock Inc., First Trust Advisors LP, Acadian Asset Management LLC, Chicago Equity Partners LLC, Russell Investments Group Ltd., Sterling Capital Management LLC and Jennison Associates LLC. 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 $20.40.

PennyMac Mortgage Investment Trust has a market capitalization of $1.25 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.

The official website for PennyMac Mortgage Investment Trust is http://www.pennymacmortgageinvestmenttrust.com.

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]