PennyMac Mortgage Investment Trust (NYSE:PMT) Holdings Raised by Inspire Investing LLC

Inspire Investing LLC grew its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,564 shares of the real estate investment trust’s stock after purchasing an additional 1,144 shares during the period. Inspire Investing LLC’s holdings in PennyMac Mortgage Investment Trust were worth $352,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PMT. Louisiana State Employees Retirement System raised its position in PennyMac Mortgage Investment Trust by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 800 shares during the period. Texas Permanent School Fund Corp raised its position in PennyMac Mortgage Investment Trust by 1.6% during the first quarter. Texas Permanent School Fund Corp now owns 75,812 shares of the real estate investment trust’s stock valued at $1,113,000 after buying an additional 1,179 shares during the period. ProShare Advisors LLC raised its position in PennyMac Mortgage Investment Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 17,524 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 1,207 shares during the period. Roble Belko & Company Inc acquired a new position in PennyMac Mortgage Investment Trust during the first quarter valued at $29,000. Finally, Victory Capital Management Inc. raised its position in PennyMac Mortgage Investment Trust by 16.0% during the fourth quarter. Victory Capital Management Inc. now owns 17,702 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 2,439 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

PennyMac Mortgage Investment Trust Stock Down 0.8 %

Shares of PMT stock opened at $14.26 on Monday. The stock’s 50 day simple moving average is $13.91 and its 200 day simple moving average is $14.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.33 and a current ratio of 0.33. PennyMac Mortgage Investment Trust has a twelve month low of $10.52 and a twelve month high of $15.89. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.51 and a beta of 1.51.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.17). PennyMac Mortgage Investment Trust had a net margin of 47.60% and a return on equity of 13.29%. The company had revenue of $71.20 million during the quarter, compared to the consensus estimate of $90.26 million. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, research analysts predict that PennyMac Mortgage Investment Trust will post 1.27 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.22%. The ex-dividend date is Friday, October 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 106.67%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PMT shares. JMP Securities upped their price target on PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Wedbush reaffirmed a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, July 25th. B. Riley reaffirmed a “buy” rating and set a $16.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Wednesday, July 24th. Piper Sandler cut their price target on PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods cut their price target on PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.93.

Insiders Place Their Bets

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 37,010 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.01, for a total value of $518,510.10. Following the transaction, the director now directly owns 49,114 shares of the company’s stock, valued at approximately $688,087.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have acquired a total of 2,879 shares of company stock valued at $39,028 in the last three months. Company insiders own 0.89% of the company’s stock.

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.