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. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.99%. 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 approved a stock buyback program on Thursday, December 21st 2017, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings data on Thursday, August, 2nd. The real estate investment trust reported $0.47 EPS for the quarter, topping the consensus estimate of $0.37 by $0.10. The real estate investment trust earned $82.99 million during the quarter, compared to the consensus estimate of $70.85 million. PennyMac Mortgage Investment Trust had a net margin of 36.14% and a return on equity of 8.37%. During the same period last year, the company earned $0.38 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, November 1st 2018. View Earnings Estimates for PennyMac Mortgage Investment Trust.

3 analysts have issued 1 year target prices for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

3 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust saw a increase in short interest during the month of September. As of September 14th, there was short interest totalling 3,181,175 shares, an increase of 37.1% from the August 31st total of 2,320,622 shares. Based on an average trading volume of 359,084 shares, the days-to-cover ratio is presently 8.9 days. Approximately 5.4% 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 JBG SMITH Properties (JBGS), Gramercy Property Trust (GPT), Hammerson (HMSNF), Hospitality Properties Trust (HPT), Life Storage (LSI), Senior Housing Properties Trust (SNH), Rayonier (RYN), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), Blackstone Mortgage Trust (BXMT), First Industrial Realty Trust (FR), Apple Hospitality REIT (APLE), CoreSite Realty (COR), Equity Commonwealth (EQC) and Weingarten Realty Investors (WRI).

PennyMac Mortgage Investment Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.04%). 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 purchased by a variety of institutional investors in the last quarter, including Nisa Investment Advisors 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 $18.81.

PennyMac Mortgage Investment Trust has a market capitalization of $1.16 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]