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 paid a dividend of $0.47 per share on Monday, April 29th. This represents a $1.88 annualized dividend and a yield of 8.93%. The ex-dividend date of this dividend is Friday, April 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its board has authorized a share repurchase program on Thursday, December 21st 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase 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, May, 2nd. The real estate investment trust reported $0.68 EPS for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.25. The real estate investment trust had revenue of $106.62 million for the quarter, compared to analysts' expectations of $89.10 million. PennyMac Mortgage Investment Trust had a return on equity of 13.71% and a net margin of 46.63%. During the same quarter last year, the business earned $0.35 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

6 Wall Street analysts have issued 12-month price targets for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $20.00 to $23.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $21.6667 in the next twelve months. This suggests a possible upside of 2.9% 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.

Media coverage about PMT stock has been trending very negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term.

PennyMac Mortgage Investment Trust saw a drop in short interest during the month of April. As of April 30th, there was short interest totalling 1,160,285 shares, a drop of 42.2% from the April 15th total of 2,007,979 shares. Based on an average trading volume of 366,962 shares, the short-interest ratio is presently 3.2 days. Approximately 1.7% of the shares of the company are sold short. View PennyMac Mortgage Investment Trust's Current Options Chain.

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

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), AT&T (T), NY MTG TR INC/SH (NYMT), Enterprise Products Partners (EPD), AGNC Investment (AGNC), CHIMERA INVT CO/SH NEW (CIM), Ares Capital (ARCC) and Prospect Capital (PSEC).

PennyMac Mortgage Investment Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.17%), Goldman Sachs Group Inc. (3.33%), Thornburg Investment Management Inc. (3.03%), LSV Asset Management (2.01%), Citigroup Inc. (1.67%) and Northern Trust Corp (1.22%). 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 Advisors Asset Management Inc., Morgan Stanley, Renaissance Technologies LLC, California Public Employees Retirement System, Parametric Portfolio Associates LLC, SG Americas Securities LLC, Nisa Investment Advisors LLC and Adams Diversified Equity Fund Inc.. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Andrew S Chang, 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 purchased by a variety of institutional investors in the last quarter, including Marshall Wace LLP, BlackRock Inc., Ellington Management Group LLC, Acadian Asset Management LLC, Nordea Investment Management AB, ClariVest Asset Management LLC, Thornburg Investment Management Inc. and Geode Capital 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 $21.05.

PennyMac Mortgage Investment Trust has a market capitalization of $1.44 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]