1 week Ago By Defense World Staff
Norges Bank bought a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 414,015 shares of the real estate investment trust’s stock, valued at approximately $5,212,000. Norges Bank owned approximately 0.
48% of PennyMac Mortgage Investment Trust at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GraniteShares Advisors LLC purchased a new position in PennyMac Mortgage Investment Trust during the fourth quarter worth about $2,461,000.
Raymond James Financial Inc. purchased a new stake in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth approximately $1,300,000. Barclays PLC raised its holdings in shares of PennyMac Mortgage Investment Trust by 218.
7% in the 3rd quarter. Barclays PLC now owns 148,734 shares of the real estate investment trust’s stock valued at $2,121,000 after purchasing an additional 102,067 shares in the last quarter. Angel Oak Capital Advisors LLC acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at $1,186,000.
Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in PennyMac Mortgage Investment Trust by 90.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,436 shares of the real estate investment trust’s stock worth $2,487,000 after purchasing an additional 82,735 shares during the last quarter.
Institutional investors and hedge funds own 67.38% of the company’s stock. Insiders Place Their BetsIn other news, Director Doug Jones sold 14,530 shares of the business’s stock in a transaction on Wednesday, March 5th.
The shares were sold at an average price of $14.50, for a total transaction of $210,685.00.
Following the completion of the transaction, the director now owns 64,082 shares of the company’s stock, valued at approximately $929,189. The trade was a 18.48 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh InSeparately, JMP Securities reissued a “market outperform” rating and issued a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock.
According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.View Our Latest Research Report on PMTPennyMac Mortgage Investment Trust Price PerformanceShares of NYSE:PMT opened at $13.
45 on Thursday. PennyMac Mortgage Investment Trust has a 52 week low of $11.77 and a 52 week high of $15.
22. The business has a fifty day simple moving average of $14.12 and a 200-day simple moving average of $13.
61. The company has a quick ratio of 0.41, a current ratio of 0.
41 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.
17 billion, a P/E ratio of 10.11 and a beta of 1.17.
PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.
17% and a return on equity of 11.48%. Equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.
54 EPS for the current year. PennyMac Mortgage Investment Trust Dividend AnnouncementThe business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.
40 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.
60 annualized dividend and a dividend yield of 11.90%. PennyMac Mortgage Investment Trust’s payout ratio is 120.
30%. PennyMac Mortgage Investment Trust Company Profile (Free Report)PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments.
Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.Read MoreFive stocks we like better than PennyMac Mortgage Investment TrustWhat is Forex and How Does it Work? Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreHow to Use High Beta Stocks to Maximize Your Investing ProfitsAre Tariffs Threatening Disney’s Comeback Story?Stock Market Upgrades: What Are They?Is Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding PMT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PennyMac Mortgage Investment Trust (NYSE:PMT – Free Report)..
