PennyMac Mortgage Investment Trust (NYSE:PMT) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04, Zacks reports. PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%.

PennyMac Mortgage Investment Trust Trading Up 1.5 %

Shares of PennyMac Mortgage Investment Trust stock traded up $0.20 on Thursday, hitting $12.89. The stock had a trading volume of 639,923 shares, compared to its average volume of 688,915. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.56. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22. The stock’s 50-day simple moving average is $12.98 and its two-hundred day simple moving average is $13.54. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 9.47 and a beta of 1.50.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.42%. The ex-dividend date was Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 117.65%.

Analysts Set New Price Targets

A number of research analysts have commented on PMT shares. Wedbush reiterated a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. JMP Securities reaffirmed a “market outperform” rating and set a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two investment 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.20.

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.