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 announced a quarterly dividend on Thursday, June 28th. Shareholders of record on Friday, July 13th will be given a dividend of $0.47 per share on Monday, July 30th. This represents a $1.88 annualized dividend and a yield of 9.49%. The ex-dividend date of this dividend is Thursday, July 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its board has authorized a share repurchase plan on Thursday, December 21st 2017, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication 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, August, 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. The real estate investment trust earned $82.99 million during the quarter, compared to analysts' expectations of $70.85 million. PennyMac Mortgage Investment Trust had a net margin of 36.14% and a return on equity of 8.37%. During the same period in the prior 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.

2 analysts have issued 1 year price objectives for PennyMac Mortgage Investment Trust's shares. Their predictions range from $18.00 to $18.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $18.00 in the next year. This suggests that the stock has a possible downside of 9.1%. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

2 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 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 Hospitality Properties Trust (HPT), Life Storage (LSI), Rayonier (RYN), JBG SMITH Properties (JBGS), Gramercy Property Trust (GPT), Ryman Hospitality Properties (RHP), Senior Housing Properties Trust (SNH), First Industrial Realty Trust (FR), Apple Hospitality REIT (APLE), Sabra Health Care REIT (SBRA), Cousins Properties (CUZ), Blackstone Mortgage Trust (BXMT), CoreSite Realty (COR), Weingarten Realty Investors (WRI) and Equity Commonwealth (EQC).

Media coverage about PMT stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media and rumor sentiment score of 0.11 on Accern's scale. They also gave news articles about the real estate investment trust an impact score of 45.59 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust's stock is owned by a variety of of retail and institutional 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%), Schwab Charles Investment Management Inc. (1.01%) and Advisors Asset Management Inc. (0.75%). 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., Renaissance Technologies LLC, California Public Employees Retirement System, Martingale Asset Management L P, SG Americas Securities LLC and Van ECK Associates Corp. 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 $19.80.

PennyMac Mortgage Investment Trust has a market capitalization of $1.19 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]