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, June 26th. Investors of record on Monday, July 15th will be given a dividend of $0.47 per share on Tuesday, July 30th. This represents a $1.88 annualized dividend and a yield of 8.51%. The ex-dividend date is Friday, July 12th. View PennyMac Mortgage Investment Trust's Dividend History.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings results on Thursday, August, 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The real estate investment trust had revenue of $96.40 million for the quarter, compared to the consensus estimate of $104.95 million. PennyMac Mortgage Investment Trust had a return on equity of 13.29% and a net margin of 47.03%. During the same quarter in the previous year, the company earned $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 equities research analysts have issued 1-year price objectives for PennyMac Mortgage Investment Trust's shares. Their predictions range from $20.00 to $23.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $21.8571 in the next twelve months. This suggests that the stock has a possible downside of 1.0%. 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.

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

PennyMac Mortgage Investment Trust saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,775,100 shares, a drop of 8.1% from the June 30th total of 3,019,200 shares. Based on an average daily trading volume, of 966,600 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.2% of the company's shares are sold short. 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), American Campus Communities (ACC), SL Green Realty (SLG), 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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.24%), BlackRock Inc. (16.24%), Vanguard Group Inc. (9.30%), UBS Group AG (2.58%), Invesco Ltd. (2.06%) and LSV Asset Management (2.04%). 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 bought by a variety of institutional investors in the last quarter, including BlackRock Inc., BlackRock Inc., JPMorgan Chase & Co., Vanguard Group Inc., UBS Group AG, Allianz Asset Management GmbH, Grantham Mayo Van Otterloo & Co. LLC and Invesco Ltd.. 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 $22.08.

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]