PennyMac Mortgage Investment Trust (NYSE:PMT) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMTGet Rating) by 61.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,474 shares of the real estate investment trust’s stock after purchasing an additional 9,352 shares during the period. ProShare Advisors LLC’s holdings in PennyMac Mortgage Investment Trust were worth $424,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PMT. Morgan Stanley increased its position in shares of PennyMac Mortgage Investment Trust by 6.6% during the second quarter. Morgan Stanley now owns 845,207 shares of the real estate investment trust’s stock worth $17,800,000 after purchasing an additional 51,965 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of PennyMac Mortgage Investment Trust by 30.9% during the third quarter. Commonwealth Equity Services LLC now owns 18,154 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 4,288 shares in the last quarter. Deutsche Bank AG increased its position in shares of PennyMac Mortgage Investment Trust by 149.6% during the third quarter. Deutsche Bank AG now owns 226,208 shares of the real estate investment trust’s stock worth $4,454,000 after purchasing an additional 135,581 shares in the last quarter. Advisor Group Holdings Inc. increased its position in PennyMac Mortgage Investment Trust by 11.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 53,685 shares of the real estate investment trust’s stock valued at $1,057,000 after acquiring an additional 5,688 shares during the period. Finally, Moors & Cabot Inc. acquired a new position in PennyMac Mortgage Investment Trust in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 70.77% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Jonestrading dropped their price target on PennyMac Mortgage Investment Trust from $18.50 to $18.00 in a research report on Friday, May 6th. Piper Sandler dropped their price target on PennyMac Mortgage Investment Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 5th. JMP Securities dropped their price target on PennyMac Mortgage Investment Trust from $22.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 26th. Finally, StockNews.com upgraded PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and a consensus target price of $18.96.

Shares of PMT stock opened at $15.36 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -21.04 and a beta of 1.11. The stock has a 50 day simple moving average of $15.98 and a 200-day simple moving average of $17.07. PennyMac Mortgage Investment Trust has a 12-month low of $14.61 and a 12-month high of $21.53. The company has a current ratio of 0.52, a quick ratio of 0.65 and a debt-to-equity ratio of 1.38.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Stockholders of record on Friday, April 15th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.24%. The ex-dividend date was Wednesday, April 13th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is -257.53%.

In other news, Director Marianne Sullivan acquired 15,650 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The stock was purchased at an average cost of $15.02 per share, with a total value of $235,063.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Scott W. Carnahan sold 1,785 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $15.71, for a total value of $28,042.35. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

PennyMac Mortgage Investment Trust Company Profile (Get Rating)

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds.

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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