SG Americas Securities LLC Has $1.62 Million Stock Holdings in PennyMac Mortgage Investment Trust $PMT

SG Americas Securities LLC trimmed its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) by 73.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,170 shares of the real estate investment trust’s stock after selling 387,780 shares during the period. SG Americas Securities LLC owned 0.16% of PennyMac Mortgage Investment Trust worth $1,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jupiter Asset Management Ltd. acquired a new position in PennyMac Mortgage Investment Trust during the fourth quarter worth $867,000. Sharpepoint LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter valued at about $905,000. Intech Investment Management LLC increased its holdings in shares of PennyMac Mortgage Investment Trust by 319.3% during the 4th quarter. Intech Investment Management LLC now owns 315,415 shares of the real estate investment trust’s stock valued at $3,958,000 after acquiring an additional 240,197 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at approximately $33,000. Finally, Hsbc Holdings PLC bought a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at approximately $510,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

PMT has been the subject of several analyst reports. Piper Sandler reduced their target price on PennyMac Mortgage Investment Trust from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Tuesday, May 26th. Wall Street Zen cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 target price (down from $13.50) on shares of PennyMac Mortgage Investment Trust in a research note on Friday, May 8th. Wells Fargo & Company dropped their target price on shares of PennyMac Mortgage Investment Trust from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Finally, Weiss Ratings lowered shares of PennyMac Mortgage Investment Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.80.

PennyMac Mortgage Investment Trust Stock Down 3.9%

Shares of PMT stock opened at $10.79 on Friday. PennyMac Mortgage Investment Trust has a 12 month low of $9.83 and a 12 month high of $13.81. The firm has a market cap of $941.32 million, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13. The stock has a 50 day moving average of $10.70 and a 200-day moving average of $11.77. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 7.99.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.20). PennyMac Mortgage Investment Trust had a net margin of 41.38% and a return on equity of 10.71%. The business had revenue of $233.25 million during the quarter, compared to the consensus estimate of $92.92 million. On average, equities analysts predict that PennyMac Mortgage Investment Trust will post 1.21 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 9th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $1.60 dividend on an annualized basis and a yield of 14.8%. PennyMac Mortgage Investment Trust’s dividend payout ratio is 139.13%.

About PennyMac Mortgage Investment Trust

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.