PennyMac Mortgage Investment Trust (NYSE:PMT) declared a quarterly dividend on Tuesday, March 28th. Stockholders of record on Thursday, April 13th will be paid a dividend of 0.47 per share on Thursday, April 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.76%. The ex-dividend date is Tuesday, April 11th.
Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) traded up 2.16% during trading on Tuesday, hitting $17.47. 439,490 shares of the stock were exchanged. The stock has a market cap of $1.17 billion, a PE ratio of 16.19 and a beta of 0.62. The firm has a 50 day moving average of $16.87 and a 200-day moving average of $16.21. PennyMac Mortgage Investment Trust has a 52-week low of $12.99 and a 52-week high of $17.47.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $68.90 million for the quarter, compared to the consensus estimate of $58.03 million. PennyMac Mortgage Investment Trust had a net margin of 27.86% and a return on equity of 5.51%. The firm’s revenue was up 36.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that PennyMac Mortgage Investment Trust will post $1.67 earnings per share for the current fiscal year.
A number of research firms recently issued reports on PMT. Credit Suisse Group AG raised their price objective on shares of PennyMac Mortgage Investment Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday. Zacks Investment Research downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, February 15th. Finally, Compass Point downgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “neutral” rating in a report on Monday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.96.
In related news, Director Scott W. Carnahan sold 2,375 shares of the business’s stock in a transaction on Friday, February 24th. The shares were sold at an average price of $17.03, for a total value of $40,446.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew S. Chang sold 1,899 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $16.87, for a total transaction of $32,036.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,192 shares of company stock worth $171,780. Company insiders own 1.80% of the company’s stock.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. It operates through two segments: correspondent production and investment activities.