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 declared a quarterly dividend on Wednesday, June 26th. Shareholders 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 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date is Friday, July 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its Board of Directors has approved a share buyback plan 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 plans are typically an indication that the company's leadership believes its stock is undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its earnings results on Thursday, August, 1st. The real estate investment trust reported $0.50 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.02. The real estate investment trust earned $96.40 million during 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 firm posted $0.70 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 7th 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

8 brokers have issued 12 month target prices for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $21.8571 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. 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.

News articles about PMT stock have trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a news impact score of -2.9 on InfoTrie's scale. They also assigned press 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 company's share price in the next several days. View News Stories for PennyMac Mortgage Investment Trust.

Some companies that are related to PennyMac Mortgage Investment Trust include CubeSmart (CUBE), Starwood Property Trust (STWD), SL Green Realty (SLG), American Campus Communities (ACC), New Residential Investment (NRZ), EPR Properties (EPR), Brixmor Property Group (BRX), Healthcare Trust Of America (HTA), Howard Hughes (HHC), Cousins Properties (CUZ), JBG SMITH Properties (JBGS), First Industrial Realty Trust (FR), Rexford Industrial Realty (REXR), Blackstone Mortgage Trust (BXMT) and PS Business Parks (PSB).

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), NY MTG TR INC/SH (NYMT), Arlington Asset Investment (AI), Ladder Capital (LADR), CHIMERA INVT CO/SH NEW (CIM) and Verizon Communications (VZ).

PennyMac Mortgage Investment Trust's stock is owned by a variety of 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 acquired 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, Robinhood, Fidelity and Charles Schwab.

One share of PMT stock can currently be purchased for approximately $22.04.

PennyMac Mortgage Investment Trust has a market capitalization of $1.51 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]