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. Shareholders 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 9.41%. The ex-dividend date is Friday, December 28th. View PennyMac Mortgage Investment Trust's Dividend History.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its earnings results on Thursday, February, 7th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.41 by $0.14. The real estate investment trust had revenue of $83.90 million for the quarter, compared to the consensus estimate of $138.40 million. PennyMac Mortgage Investment Trust had a net margin of 43.52% and a return on equity of 12.23%. PennyMac Mortgage Investment Trust's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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.

5 brokerages have issued twelve-month price targets for PennyMac Mortgage Investment Trust's stock. Their predictions range from $19.00 to $22.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $20.80 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

5 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PennyMac Mortgage Investment Trust.

Press coverage about PMT stock has trended neutral this week, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days.

Some companies that are related to PennyMac Mortgage Investment Trust include Highwoods Properties (HIW), Life Storage (LSI), Hospitality Properties Trust (HPT), Ryman Hospitality Properties (RHP), First Industrial Realty Trust (FR), AmeriCold Realty Trust (COLD), Blackstone Mortgage Trust (BXMT), PS Business Parks (PSB), Healthcare Realty Trust (HR), Cousins Properties (CUZ), Equity Commonwealth (EQC), Eastgroup Properties (EGP), Weingarten Realty Investors (WRI), CoreSite Realty (COR) and Apple Hospitality REIT (APLE).

PennyMac Mortgage Investment Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.16%), Thornburg Investment Management Inc. (3.25%), LSV Asset Management (2.25%), Citigroup Inc. (1.88%), Mirae Asset Global Investments Co. Ltd. (1.80%) and Bank of New York Mellon Corp (1.45%). 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 Barclays PLC, First Trust Advisors LP, Thornburg Investment Management Inc., Advisors Asset Management Inc., Van ECK Associates Corp, State Board of Administration of Florida Retirement System, Smith Graham & Co. Investment Advisors LP and MetLife Investment Advisors 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 bought by a variety of institutional investors in the last quarter, including Bessemer Group Inc., Algebris UK Ltd, BlackRock Inc., Acadian Asset Management LLC, Jane Street Group LLC, Principal Financial Group Inc., Prudential Financial Inc. and Millennium 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 $19.98.

PennyMac Mortgage Investment Trust has a market capitalization of $1.22 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]