PennyMac Mortgage Investment Trust (PMT) to Release Quarterly Earnings on Tuesday

PennyMac Mortgage Investment Trust (NYSE:PMT) is projected to post its quarterly earnings results after the market closes on Tuesday, April 22nd. Analysts expect PennyMac Mortgage Investment Trust to post earnings of $0.38 per share and revenue of $94.36 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. On average, analysts expect PennyMac Mortgage Investment Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PennyMac Mortgage Investment Trust Price Performance

Shares of PMT stock opened at $12.99 on Monday. The firm has a market cap of $1.13 billion, a P/E ratio of 9.76 and a beta of 1.17. The firm has a fifty day moving average of $14.01 and a two-hundred day moving average of $13.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. PennyMac Mortgage Investment Trust has a 1-year low of $11.77 and a 1-year high of $15.22.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 12.32%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 120.30%.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 14,530 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total transaction of $210,685.00. Following the completion of the transaction, the director now owns 64,082 shares of the company’s stock, valued at approximately $929,189. The trade was a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on PMT. UBS Group reduced their target price on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. JMP Securities restated a “market outperform” rating and set a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.83.

About PennyMac Mortgage Investment Trust

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.