BNP Paribas Arbitrage SA Grows Holdings in PennyMac Mortgage Investment Trust (PMT)

BNP Paribas Arbitrage SA raised its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 107.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,184 shares of the real estate investment trust’s stock after purchasing an additional 7,871 shares during the period. BNP Paribas Arbitrage SA’s holdings in PennyMac Mortgage Investment Trust were worth $278,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wedbush Securities Inc. raised its position in PennyMac Mortgage Investment Trust by 0.5% during the second quarter. Wedbush Securities Inc. now owns 39,140 shares of the real estate investment trust’s stock valued at $716,000 after purchasing an additional 190 shares in the last quarter. Aperio Group LLC raised its position in PennyMac Mortgage Investment Trust by 6.9% during the second quarter. Aperio Group LLC now owns 14,448 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 930 shares in the last quarter. AQR Capital Management LLC raised its position in PennyMac Mortgage Investment Trust by 1.1% during the first quarter. AQR Capital Management LLC now owns 90,360 shares of the real estate investment trust’s stock valued at $1,604,000 after purchasing an additional 940 shares in the last quarter. Whittier Trust Co. raised its position in PennyMac Mortgage Investment Trust by 2.8% during the second quarter. Whittier Trust Co. now owns 47,578 shares of the real estate investment trust’s stock valued at $870,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in PennyMac Mortgage Investment Trust by 3.0% during the first quarter. Metropolitan Life Insurance Co. NY now owns 47,181 shares of the real estate investment trust’s stock valued at $837,000 after purchasing an additional 1,389 shares in the last quarter. Institutional investors and hedge funds own 62.47% of the company’s stock.

Several research analysts have recently commented on PMT shares. BidaskClub upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. PennyMac Mortgage Investment Trust has an average rating of “Hold” and an average target price of $17.46.

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PennyMac Mortgage Investment Trust (NYSE PMT) opened at 16.99 on Thursday. The stock has a 50 day moving average price of $17.20 and a 200 day moving average price of $17.54. The stock has a market cap of $1.14 billion, a P/E ratio of 10.16 and a beta of 0.51. PennyMac Mortgage Investment Trust has a 12-month low of $14.28 and a 12-month high of $18.46.

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

PennyMac Mortgage Investment Trust Company Profile

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.

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

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