69,048 Shares in PennyMac Mortgage Investment Trust $PMT Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) during the 4th quarter, HoldingsChannel.com reports. The fund bought 69,048 shares of the real estate investment trust’s stock, valued at approximately $867,000.

Several other large investors have also recently added to or reduced their stakes in PMT. SG Americas Securities LLC increased its stake in PennyMac Mortgage Investment Trust by 1,586.5% during the 4th quarter. SG Americas Securities LLC now owns 526,950 shares of the real estate investment trust’s stock worth $6,613,000 after buying an additional 495,704 shares during the period. Barclays PLC increased its stake in PennyMac Mortgage Investment Trust by 93.2% during the 3rd quarter. Barclays PLC now owns 992,581 shares of the real estate investment trust’s stock worth $12,169,000 after buying an additional 478,947 shares during the period. Millennium Management LLC increased its stake in PennyMac Mortgage Investment Trust by 41.8% during the 3rd quarter. Millennium Management LLC now owns 1,339,158 shares of the real estate investment trust’s stock worth $16,418,000 after buying an additional 394,497 shares during the period. Jane Street Group LLC purchased a new stake in PennyMac Mortgage Investment Trust during the 1st quarter worth approximately $4,166,000. Finally, Marshall Wace LLP increased its stake in PennyMac Mortgage Investment Trust by 48.4% during the 3rd quarter. Marshall Wace LLP now owns 869,015 shares of the real estate investment trust’s stock worth $10,654,000 after buying an additional 283,569 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

PennyMac Mortgage Investment Trust Stock Down 0.6%

Shares of PennyMac Mortgage Investment Trust stock opened at $10.47 on Friday. The company has a market cap of $912.55 million, a P/E ratio of 9.10, a PEG ratio of 0.63 and a beta of 1.21. The company has a debt-to-equity ratio of 7.99, a quick ratio of 1.39 and a current ratio of 1.39. PennyMac Mortgage Investment Trust has a one year low of $10.18 and a one year high of $13.81. The firm has a fifty day moving average of $11.36 and a two-hundred day moving average of $12.16.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.20). The firm had revenue of $82.29 million for the quarter, compared to analysts’ expectations of $92.92 million. PennyMac Mortgage Investment Trust had a return on equity of 10.71% and a net margin of 41.38%. On average, analysts forecast that PennyMac Mortgage Investment Trust will post 1.24 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Thursday, April 9th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 15.3%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 139.13%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Wells Fargo & Company lowered their price target on shares of PennyMac Mortgage Investment Trust from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Weiss Ratings cut shares of PennyMac Mortgage Investment Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Finally, Piper Sandler lowered their price target on shares of PennyMac Mortgage Investment Trust from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and an average target price of $12.80.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.