UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 82,735 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 90.2% during the third quarter, HoldingsChannel reports. The firm owned 174,436 shares of the real estate investment trust’s stock after purchasing an additional 82,735 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in PennyMac Mortgage Investment Trust were worth $2,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in PennyMac Mortgage Investment Trust by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the real estate investment trust’s stock valued at $601,000 after acquiring an additional 800 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 5.0% in the 3rd quarter. QRG Capital Management Inc. now owns 23,036 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 1,093 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of PennyMac Mortgage Investment Trust by 4.7% in the 2nd quarter. Inspire Investing LLC now owns 25,564 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 1,144 shares during the period. Caprock Group LLC boosted its position in shares of PennyMac Mortgage Investment Trust by 9.3% during the third quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in PennyMac Mortgage Investment Trust by 2.2% in the second quarter. Cetera Investment Advisers now owns 72,125 shares of the real estate investment trust’s stock worth $992,000 after purchasing an additional 1,553 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PMT opened at $13.55 on Friday. PennyMac Mortgage Investment Trust has a 52 week low of $12.81 and a 52 week high of $15.89. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.18 billion, a P/E ratio of 9.96 and a beta of 1.50. The business’s 50 day moving average price is $13.60 and its 200-day moving average price is $13.80.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. The company had revenue of $80.86 million during the quarter, compared to the consensus estimate of $93.75 million. During the same period last year, the firm posted $0.51 earnings per share. Equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.29 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.81%. The ex-dividend date is Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 117.65%.

Wall Street Analysts Forecast Growth

Separately, Wedbush reissued a “neutral” rating and set a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, PennyMac Mortgage Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $15.17.

PennyMac Mortgage Investment Trust 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.