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, June 26th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.47 per share on Tuesday, July 30th. This represents a $1.88 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend is Friday, July 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its board has initiated a stock repurchase program 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) posted its earnings results on Thursday, August, 1st. The real estate investment trust reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The real estate investment trust earned $96.40 million during the quarter, compared to analysts' expectations of $104.95 million. PennyMac Mortgage Investment Trust had a net margin of 47.03% and a return on equity of 13.29%. During the same quarter last year, the firm posted $0.70 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 7th 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

8 analysts have issued 12 month target prices for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they anticipate PennyMac Mortgage Investment Trust's stock price to reach $21.8571 in the next year. This suggests that the stock has a possible downside of 1.5%. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

8 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 and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PennyMac Mortgage Investment Trust.

News articles about PMT stock have been trending positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of 2.5 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust saw a decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,775,100 shares, a decline of 8.1% from the June 30th total of 3,019,200 shares. Based on an average trading volume of 966,600 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.2% of the shares of the stock are short sold. View PennyMac Mortgage Investment Trust's Current Options Chain.

Some companies that are related to PennyMac Mortgage Investment Trust include CubeSmart (CUBE), Starwood Property Trust (STWD), SL Green Realty (SLG), American Campus Communities (ACC), New Residential Investment (NRZ), EPR Properties (EPR), Healthcare Trust Of America (HTA), Howard Hughes (HHC), Brixmor Property Group (BRX), JBG SMITH Properties (JBGS), Cousins Properties (CUZ), First Industrial Realty Trust (FR), PS Business Parks (PSB), Life Storage (LSI) and Rexford Industrial Realty (REXR).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennyMac Mortgage Investment Trust investors own include New Residential Investment (NRZ), AT&T (T), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), Arlington Asset Investment (AI), NY MTG TR INC/SH (NYMT), Ladder Capital (LADR), Verizon Communications (VZ) and Ares Capital (ARCC).

PennyMac Mortgage Investment Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.24%), Vanguard Group Inc. (9.30%), UBS Group AG (2.58%), Invesco Ltd. (2.06%), LSV Asset Management (2.04%) and Bank of New York Mellon Corp (1.42%). 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 Bessemer Group Inc., Ellington Management Group LLC, Pinebridge Investments L.P., Balyasny Asset Management LLC, Parametric Portfolio Associates LLC, Zebra Capital Management LLC, Jennison Associates LLC and Jennison Associates LLC. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include David Spector, Jeffrey Grogin, Scott W Carnahan and Vandad Fartaj. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

PMT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Vanguard Group Inc., UBS Group AG, Allianz Asset Management GmbH, Grantham Mayo Van Otterloo & Co. LLC, Invesco Ltd. and Nuveen Asset Management 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 $22.19.

PennyMac Mortgage Investment Trust has a market capitalization of $1.74 billion and generates $351.07 million in revenue each year. The real estate investment trust earns $152.80 million in net income (profit) each year or $1.99 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 3 workers across the globe.View Additional Information About PennyMac Mortgage Investment Trust.

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]