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. Stockholders 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 annualized dividend and a dividend yield of 9.42%. The ex-dividend date is Friday, December 28th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust declared that its board has authorized 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. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings data on Thursday, February, 7th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 12.23% and a net margin of 43.52%. PennyMac Mortgage Investment Trust's revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 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, May 2nd 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

5 brokers have issued 1-year target prices for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $19.00 to $22.00. On average, they anticipate PennyMac Mortgage Investment Trust's stock price to reach $20.80 in the next year. This suggests a possible upside of 4.3% 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.

Headlines about PMT stock have trended positive this week, InfoTrie reports. InfoTrie scores the sentiment of news 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 five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an effect on the company'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), Healthcare Realty Trust (HR), Cousins Properties (CUZ), Equity Commonwealth (EQC), PS Business Parks (PSB), Eastgroup Properties (EGP), CoreSite Realty (COR), Weingarten Realty Investors (WRI) and Apple Hospitality REIT (APLE).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennyMac Mortgage Investment Trust investors own include New Residential Investment (NRZ), Energy Transfer LP Unit (ET), AT&T (T), Arlington Asset Investment (AI), AGNC Investment (AGNC), Prospect Capital (PSEC), General Electric (GE), NY MTG TR INC/SH (NYMT), Enterprise Products Partners (EPD) and CHIMERA INVT CO/SH NEW (CIM).

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 $19.95.

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]