Cipher Capital LP Increases Stake in PennyMac Mortgage Investment Trust (PMT)

Cipher Capital LP raised its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 25.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,707 shares of the real estate investment trust’s stock after purchasing an additional 47,900 shares during the period. Cipher Capital LP owned about 0.35% of PennyMac Mortgage Investment Trust worth $4,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PMT. Teachers Advisors LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust by 3.9% during the 4th quarter. Teachers Advisors LLC now owns 115,899 shares of the real estate investment trust’s stock worth $1,897,000 after acquiring an additional 4,303 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the 1st quarter worth about $275,000. ProShare Advisors LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust by 198.3% during the 1st quarter. ProShare Advisors LLC now owns 33,844 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 22,500 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of PennyMac Mortgage Investment Trust during the 1st quarter worth about $210,000. Finally, LSV Asset Management lifted its holdings in shares of PennyMac Mortgage Investment Trust by 11.8% during the 1st quarter. LSV Asset Management now owns 1,668,036 shares of the real estate investment trust’s stock worth $29,607,000 after acquiring an additional 175,936 shares during the period. Institutional investors own 62.47% of the company’s stock.

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Several brokerages have recently weighed in on PMT. Zacks Investment Research lowered shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. PennyMac Mortgage Investment Trust currently has a consensus rating of “Hold” and an average target price of $17.46.

Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) opened at 16.96 on Friday. PennyMac Mortgage Investment Trust has a 52-week low of $14.28 and a 52-week high of $18.46. The firm has a market cap of $1.13 billion, a P/E ratio of 10.14 and a beta of 0.51. The company’s 50-day moving average is $17.23 and its 200-day moving average is $17.53.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). The business had revenue of $83.96 million for the quarter, compared to analyst estimates of $80.12 million. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. The company’s revenue was up 76.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Equities research analysts forecast that PennyMac Mortgage Investment Trust will post $1.64 earnings per share for the current fiscal year.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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