Motiv8 Investments LLC Invests $129,000 in PennyMac Mortgage Investment Trust (NYSE:PMT)

Motiv8 Investments LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,214 shares of the real estate investment trust’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PMT. Wilmington Savings Fund Society FSB bought a new stake in shares of PennyMac Mortgage Investment Trust in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc grew its position in shares of PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 822 shares during the last quarter. Principal Securities Inc. raised its stake in PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 2,288 shares during the period. Allworth Financial LP bought a new position in PennyMac Mortgage Investment Trust in the fourth quarter worth about $39,000. Finally, Simplify Asset Management Inc. acquired a new position in PennyMac Mortgage Investment Trust in the third quarter valued at approximately $143,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and set a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.20.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PMT stock opened at $14.44 on Thursday. PennyMac Mortgage Investment Trust has a 12-month low of $11.77 and a 12-month high of $15.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.86 and a beta of 1.51. The business has a 50 day simple moving average of $13.08 and a 200 day simple moving average of $13.52.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, December 27th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.60 annualized dividend and a dividend yield of 11.08%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 120.30%.

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.