PennyMac Mortgage Investment Trust (PMT) Set to Announce Earnings on Wednesday

PennyMac Mortgage Investment Trust (NYSE:PMT) will issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

PennyMac Mortgage Investment Trust Stock Performance

NYSE PMT opened at $13.67 on Tuesday. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.49 and a beta of 1.48. PennyMac Mortgage Investment Trust has a twelve month low of $10.52 and a twelve month high of $15.89. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.37. The stock has a 50-day moving average of $14.05 and a 200 day moving average of $13.94.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a $0.40 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 11.70%. PennyMac Mortgage Investment Trust’s payout ratio is 99.38%.

Insiders Place Their Bets

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 7,810 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $14.34, for a total transaction of $111,995.40. Following the transaction, the director now owns 53,311 shares of the company’s stock, valued at approximately $764,479.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

PMT has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 18th. B. Riley upped their price target on PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on PennyMac Mortgage Investment Trust in a report on Wednesday, January 10th. They issued a “hold” rating and a $15.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust has an average rating of “Hold” and an average target price of $14.58.

PennyMac Mortgage Investment Trust Company 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.