Versant Capital Management Inc Acquires 822 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Versant Capital Management Inc boosted its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 58.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,240 shares of the real estate investment trust’s stock after purchasing an additional 822 shares during the quarter. Versant Capital Management Inc’s holdings in PennyMac Mortgage Investment Trust were worth $28,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PMT. Wilmington Savings Fund Society FSB bought a new stake in shares of PennyMac Mortgage Investment Trust in the third quarter valued at approximately $28,000. Simplify Asset Management Inc. acquired a new position in PennyMac Mortgage Investment Trust during the 3rd quarter valued at $143,000. Aigen Investment Management LP bought a new stake in PennyMac Mortgage Investment Trust in the 3rd quarter valued at $152,000. Caprock Group LLC grew its position in PennyMac Mortgage Investment Trust by 9.3% in the 3rd quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Caxton Associates LP bought a new position in shares of PennyMac Mortgage Investment Trust during the 2nd quarter worth about $232,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

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

PennyMac Mortgage Investment Trust Price Performance

Shares of PennyMac Mortgage Investment Trust stock opened at $12.49 on Wednesday. The firm has a market cap of $1.08 billion, a P/E ratio of 9.18 and a beta of 1.50. The firm’s 50-day simple moving average is $13.23 and its 200-day simple moving average is $13.69. PennyMac Mortgage Investment Trust has a twelve month low of $12.33 and a twelve month high of $15.22. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.41 and a current ratio of 0.41.

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

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.81%. The ex-dividend date of this dividend is Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 117.65%.

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.