Dana Investment Advisors Inc. Has $6.44 Million Holdings in PennyMac Mortgage Investment Trust $PMT

Dana Investment Advisors Inc. increased its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 10.2% in the third quarter, HoldingsChannel reports. The firm owned 525,337 shares of the real estate investment trust’s stock after acquiring an additional 48,618 shares during the period. Dana Investment Advisors Inc.’s holdings in PennyMac Mortgage Investment Trust were worth $6,441,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust by 1.4% in the second quarter. Geode Capital Management LLC now owns 2,096,625 shares of the real estate investment trust’s stock valued at $26,966,000 after purchasing an additional 28,689 shares in the last quarter. Bank of New York Mellon Corp raised its position in PennyMac Mortgage Investment Trust by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 709,370 shares of the real estate investment trust’s stock valued at $9,122,000 after buying an additional 28,206 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in PennyMac Mortgage Investment Trust in the 2nd quarter worth about $482,000. Norges Bank purchased a new stake in PennyMac Mortgage Investment Trust in the 2nd quarter worth about $2,982,000. Finally, Boston Partners boosted its position in PennyMac Mortgage Investment Trust by 20.9% during the 2nd quarter. Boston Partners now owns 1,249,758 shares of the real estate investment trust’s stock worth $15,873,000 after acquiring an additional 216,056 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

PennyMac Mortgage Investment Trust Stock Down 0.1%

Shares of PennyMac Mortgage Investment Trust stock opened at $12.14 on Wednesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.01 and a beta of 1.27. The stock has a 50-day simple moving average of $12.79 and a 200-day simple moving average of $12.49. PennyMac Mortgage Investment Trust has a 52-week low of $11.60 and a 52-week high of $14.93. The company has a debt-to-equity ratio of 6.55, a current ratio of 1.12 and a quick ratio of 1.12.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. The firm had revenue of $0.15 million for the quarter, compared to analyst estimates of $96.96 million. PennyMac Mortgage Investment Trust had a net margin of 41.59% and a return on equity of 9.53%. On average, equities research analysts expect that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, December 26th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend was Friday, December 26th. PennyMac Mortgage Investment Trust’s payout ratio is presently 163.27%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PMT. Weiss Ratings reiterated a “hold (c-)” rating on shares of PennyMac Mortgage Investment Trust in a report on Monday, December 29th. Citizens Jmp decreased their price target on shares of PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set a “market outperform” rating for the company in a report on Thursday, January 22nd. Keefe, Bruyette & Woods upgraded shares of PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.50 price objective on the stock in a research note on Thursday, December 18th. Finally, Citigroup reiterated an “outperform” rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and a consensus price target of $13.75.

PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.