PennyMac Mortgage Investment Trust (NYSE:PMT) insider David Spector sold 18,750 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $17.39, for a total transaction of $326,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

David Spector also recently made the following trade(s):

  • On Wednesday, October 4th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was sold at an average price of $17.61, for a total transaction of $330,187.50.
  • On Wednesday, September 27th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was sold at an average price of $17.40, for a total transaction of $326,250.00.

Shares of PennyMac Mortgage Investment Trust (PMT) traded up 0.36% during midday trading on Thursday, reaching $16.96. The company had a trading volume of 467,879 shares. The firm’s 50 day moving average price is $17.20 and its 200-day moving average price is $17.60. PennyMac Mortgage Investment Trust has a 12 month low of $14.70 and a 12 month high of $18.46. The company has a market capitalization of $1.13 billion, a P/E ratio of 10.14 and a beta of 0.49.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). The firm had revenue of $83.96 million for the quarter, compared to the consensus estimate of $80.12 million. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. PennyMac Mortgage Investment Trust’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) earnings per share. Analysts anticipate that PennyMac Mortgage Investment Trust will post $1.60 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.47 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.88 annualized dividend and a yield of 11.08%. PennyMac Mortgage Investment Trust’s dividend payout ratio is 109.94%.

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Several hedge funds have recently made changes to their positions in PMT. First Trust Advisors LP lifted its position in shares of PennyMac Mortgage Investment Trust by 54.5% during the first quarter. First Trust Advisors LP now owns 125,713 shares of the real estate investment trust’s stock worth $2,231,000 after purchasing an additional 44,336 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of PennyMac Mortgage Investment Trust by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 507,742 shares of the real estate investment trust’s stock worth $9,013,000 after purchasing an additional 32,271 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of PennyMac Mortgage Investment Trust by 32.7% during the first quarter. UBS Asset Management Americas Inc. now owns 46,191 shares of the real estate investment trust’s stock worth $820,000 after purchasing an additional 11,395 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of PennyMac Mortgage Investment Trust during the first quarter worth approximately $240,000. Finally, Ameriprise Financial Inc. lifted its position in shares of PennyMac Mortgage Investment Trust by 19.5% during the first quarter. Ameriprise Financial Inc. now owns 16,596 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 2,712 shares in the last quarter. Institutional investors own 62.48% of the company’s stock.

A number of equities analysts have issued reports on PMT shares. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. BidaskClub raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $19.00 to $18.00 in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.00.

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. (its Operating Partnership) and its subsidiaries.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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