Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) have been given an average rating of “Hold” by the seven research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $17.33.

A number of research analysts have recently commented on PMT shares. Zacks Investment Research lowered shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub lowered shares of PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. ValuEngine lowered shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods lowered shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $19.00 to $18.00 in a research report on Tuesday, October 10th.

In related news, insider David Spector sold 18,750 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $16.91, for a total value of $317,062.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 75,000 shares of company stock valued at $1,299,563 in the last three months. Company insiders own 1.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Sei Investments Co. raised its position in PennyMac Mortgage Investment Trust by 20,756.3% in the third quarter. Sei Investments Co. now owns 6,674 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 6,642 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in PennyMac Mortgage Investment Trust by 4.4% in the second quarter. Public Employees Retirement System of Ohio now owns 7,207 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 304 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in PennyMac Mortgage Investment Trust in the second quarter worth about $184,000. M&T Bank Corp raised its position in PennyMac Mortgage Investment Trust by 4.8% in the second quarter. M&T Bank Corp now owns 10,900 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 500 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in PennyMac Mortgage Investment Trust in the second quarter worth about $201,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/11/13/pennymac-mortgage-investment-trust-pmt-given-consensus-rating-of-hold-by-brokerages.html.

PennyMac Mortgage Investment Trust (NYSE:PMT) traded down $0.10 during mid-day trading on Monday, reaching $15.16. 500,900 shares of the company’s stock were exchanged, compared to its average volume of 621,524. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.78. PennyMac Mortgage Investment Trust has a one year low of $14.87 and a one year high of $18.46. The company has a market capitalization of $994.01, a PE ratio of 10.68 and a beta of 0.54.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.18). PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. The firm had revenue of $75.80 million for the quarter, compared to the consensus estimate of $81.72 million. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue was down 26.6% on a year-over-year basis. equities analysts forecast that PennyMac Mortgage Investment Trust will post 1.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Friday, October 13th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.40%. The ex-dividend date was Thursday, October 12th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 132.39%.

PennyMac Mortgage Investment Trust Company Profile

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.

Receive News & Ratings for PennyMac Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.