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, December 20th. Investors of record on Monday, December 31st will be given a dividend of $0.47 per share on Monday, January 28th. This represents a $1.88 dividend on an annualized basis and a yield of 9.70%. The ex-dividend date is Friday, December 28th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 21st 2017, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings data on Thursday, November, 1st. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.25. The real estate investment trust earned $108.50 million during the quarter, compared to the consensus estimate of $121.87 million. PennyMac Mortgage Investment Trust had a return on equity of 10.64% and a net margin of 40.40%. The firm's revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. 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 forecasts range from $19.00 to $22.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $20.50 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. 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 headlines about PMT stock have been trending very positive recently, according to InfoTrie. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog 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 news sentiment score of 3.2 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Some companies that are related to PennyMac Mortgage Investment Trust include Howard Hughes (HHC), JBG SMITH Properties (JBGS), Highwoods Properties (HIW), Life Storage (LSI), Hospitality Properties Trust (HPT), AmeriCold Realty Trust (COLD), Blackstone Mortgage Trust (BXMT), First Industrial Realty Trust (FR), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), PS Business Parks (PSB), Rayonier (RYN), Equity Commonwealth (EQC), Apple Hospitality REIT (APLE) and Cousins Properties (CUZ).

PennyMac Mortgage Investment Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.07%), Louisiana State Employees Retirement System (0.04%), Fox Run Management L.L.C. (0.04%), Meeder Asset Management Inc. (0.01%) and Bank of Montreal Can (0.00%). 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 Louisiana State Employees Retirement System. 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 Nisa Investment Advisors LLC, Fox Run Management L.L.C., Meeder Asset Management Inc. and Bank of Montreal Can. 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 $19.39.

PennyMac Mortgage Investment Trust has a market capitalization of $1.18 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]