PennyMac Mortgage Investment Trust (NYSE:PMT) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 518.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 685,555 shares of the real estate investment trust’s stock after acquiring an additional 574,667 shares during the period. First Trust Advisors LP owned 1.03% of PennyMac Mortgage Investment Trust worth $11,922,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PMT. UBS Asset Management Americas Inc. lifted its position in shares of PennyMac Mortgage Investment Trust by 32.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 46,191 shares of the real estate investment trust’s stock worth $820,000 after purchasing an additional 11,395 shares during the period. Ameriprise Financial Inc. lifted its position in shares of PennyMac Mortgage Investment Trust by 19.5% in the 1st quarter. Ameriprise Financial Inc. now owns 16,596 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 2,712 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of PennyMac Mortgage Investment Trust in the 1st quarter worth about $243,000. Teachers Advisors LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 1.3% in the 1st quarter. Teachers Advisors LLC now owns 117,391 shares of the real estate investment trust’s stock worth $2,084,000 after purchasing an additional 1,492 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of PennyMac Mortgage Investment Trust by 8.4% in the 1st quarter. Legal & General Group Plc now owns 109,316 shares of the real estate investment trust’s stock worth $1,940,000 after purchasing an additional 8,509 shares during the period. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of PennyMac Mortgage Investment Trust (NYSE PMT) opened at $15.32 on Friday. PennyMac Mortgage Investment Trust has a 12 month low of $14.87 and a 12 month high of $18.46. The company has a market cap of $1,000.00, a P/E ratio of 10.88 and a beta of 0.54. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.46.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). PennyMac Mortgage Investment Trust had a return on equity of 7.59% and a net margin of 36.07%. The company had revenue of $75.80 million during the quarter, compared to the consensus estimate of $81.72 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The business’s revenue was down 26.6% compared to the same quarter last year. research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, October 13th were given a dividend of $0.47 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.88 annualized dividend and a yield of 12.27%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 143.51%.

In related news, insider David Spector sold 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $17.40, for a total transaction of $326,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 75,000 shares of company stock valued at $1,299,563 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

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PMT has been the subject of several research analyst reports. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $19.00 to $18.00 in a research report on Tuesday, October 10th. BidaskClub cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, ValuEngine cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.33.

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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