Posted by Defense World Staff on Jun 27th, 2024
Quadrature Capital Ltd purchased a new stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,613 shares of the real estate investment trust’s stock, valued at approximately $234,000.
A number of other large investors also recently bought and sold shares of PMT. Deutsche Bank AG lifted its position in PennyMac Mortgage Investment Trust by 12.4% during the 3rd quarter. Deutsche Bank AG now owns 44,166 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 4,878 shares during the period. Invesco Ltd. lifted its position in PennyMac Mortgage Investment Trust by 2.8% during the 3rd quarter. Invesco Ltd. now owns 1,213,989 shares of the real estate investment trust’s stock valued at $15,053,000 after acquiring an additional 32,803 shares during the period. Dark Forest Capital Management LP lifted its position in PennyMac Mortgage Investment Trust by 99.3% during the 3rd quarter. Dark Forest Capital Management LP now owns 43,941 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 21,896 shares during the period. Natixis Advisors L.P. lifted its position in PennyMac Mortgage Investment Trust by 22.3% during the 3rd quarter. Natixis Advisors L.P. now owns 266,105 shares of the real estate investment trust’s stock valued at $3,300,000 after acquiring an additional 48,507 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in PennyMac Mortgage Investment Trust during the 3rd quarter valued at about $157,000. 67.38% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have weighed in on PMT shares. Piper Sandler restated a “neutral” rating and set a $15.00 price objective (up from $14.50) on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, May 9th. Wedbush restated a “neutral” rating and set a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research note on Monday, April 29th. Finally, JMP Securities restated a “market outperform” rating and set a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and a consensus price target of $14.92.
View Our Latest Report on PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust Trading Up 0.2 %
Shares of PMT stock opened at $13.71 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.37. PennyMac Mortgage Investment Trust has a 12-month low of $10.52 and a 12-month high of $15.89. The stock has a market capitalization of $1.19 billion, a P/E ratio of 9.14 and a beta of 1.50. The firm’s 50 day moving average is $14.01 and its 200 day moving average is $14.29.
PennyMac Mortgage Investment Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.67%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 106.67%.
PennyMac Mortgage Investment Trust Profile
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.
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