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, September 26th. Shareholders 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 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend is Friday, October 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust declared that its Board of Directors has authorized a share buyback program on Thursday, December 21st 2017, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its shares are undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its earnings results on Thursday, November, 1st. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.25. The real estate investment trust earned $108.50 million during the quarter, compared to analyst estimates of $121.87 million. PennyMac Mortgage Investment Trust had a net margin of 40.40% and a return on equity of 10.64%. The firm's revenue for the quarter was up 43.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 Wall Street analysts have issued twelve-month target prices for PennyMac Mortgage Investment Trust's stock. Their predictions range from $18.00 to $22.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $20.25 in the next year. This suggests that the stock has a possible downside of 1.1%. 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.

Headlines about PMT stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future.

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

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 purchased 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 $20.47.

PennyMac Mortgage Investment Trust has a market capitalization of $1.26 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]