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 Wednesday, March 27th. Shareholders of record on Monday, April 15th will be given a dividend of $0.47 per share on Monday, April 29th. This represents a $1.88 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date of this dividend is Friday, April 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 buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) released its earnings results on Thursday, February, 7th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.41 by $0.14. The real estate investment trust earned $83.90 million during the quarter, compared to analysts' expectations of $138.40 million. PennyMac Mortgage Investment Trust had a return on equity of 12.19% and a net margin of 43.52%. PennyMac Mortgage Investment Trust's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

6 brokers have issued 12-month target prices for PennyMac Mortgage Investment Trust's stock. Their predictions range from $20.00 to $23.00. On average, they anticipate PennyMac Mortgage Investment Trust's stock price to reach $21.6667 in the next year. This suggests a possible upside of 3.7% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

6 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PennyMac Mortgage Investment Trust.

News headlines about PMT stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a news impact score of 1.6 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

Some companies that are related to PennyMac Mortgage Investment Trust include Healthcare Trust Of America (HTA), Brixmor Property Group (BRX), JBG SMITH Properties (JBGS), Highwoods Properties (HIW), Howard Hughes (HHC), AmeriCold Realty Trust (COLD), First Industrial Realty Trust (FR), Life Storage (LSI), Blackstone Mortgage Trust (BXMT), Hospitality Properties Trust (HPT), Rayonier (RYN), Eastgroup Properties (EGP), Ryman Hospitality Properties (RHP), Pebblebrook Hotel Trust (PEB) and PS Business Parks (PSB).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennyMac Mortgage Investment Trust investors own include New Residential Investment (NRZ), Arlington Asset Investment (AI), Energy Transfer LP Unit (ET), NY MTG TR INC/SH (NYMT), AT&T (T), Enterprise Products Partners (EPD), AGNC Investment (AGNC), General Electric (GE), Prospect Capital (PSEC) and Centurylink (CTL).

PennyMac Mortgage Investment Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include Smith Graham & Co. Investment Advisors LP (0.57%), 6 Meridian (0.05%), Wedbush Securities Inc. (0.05%), Nisa Investment Advisors LLC (0.04%), Louisiana State Employees Retirement System (0.04%) and Alpha Windward LLC (0.03%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, 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 Nisa Investment Advisors LLC, Smith Graham & Co. Investment Advisors LP, Wedbush Securities Inc. and 6 Meridian. 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, Scott W Carnahan 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 Alpha Windward LLC, Quantitative Systematic Strategies LLC, Meeder Asset Management Inc., Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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 $20.90.

PennyMac Mortgage Investment Trust has a market capitalization of $1.42 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.

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]