Pennymac Mortgage Investment (PMT) Earning Somewhat Favorable Media Coverage, Study Shows

Media headlines about Pennymac Mortgage Investment (NYSE:PMT) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Pennymac Mortgage Investment earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.3324047307763 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Pennymac Mortgage Investment from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Saturday, May 12th. ValuEngine downgraded shares of Pennymac Mortgage Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.

NYSE PMT opened at $18.50 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. Pennymac Mortgage Investment has a 1 year low of $14.87 and a 1 year high of $18.59. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.23 and a beta of 0.39.

Pennymac Mortgage Investment (NYSE:PMT) last released its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Pennymac Mortgage Investment had a net margin of 33.00% and a return on equity of 7.28%. The company had revenue of $75.67 million during the quarter, compared to the consensus estimate of $80.20 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. sell-side analysts anticipate that Pennymac Mortgage Investment will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $1.88 annualized dividend and a yield of 10.16%. Pennymac Mortgage Investment’s dividend payout ratio is presently 144.62%.

In other Pennymac Mortgage Investment news, insider Steven Richard Bailey sold 8,490 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $17.33, for a total value of $147,131.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott W. Carnahan acquired 3,180 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was bought at an average price of $17.33 per share, with a total value of $55,109.40. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,472 shares of company stock valued at $304,050 and sold 34,818 shares valued at $602,718. Corporate insiders own 2.46% of the company’s stock.

About Pennymac Mortgage Investment

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

Insider Buying and Selling by Quarter for Pennymac Mortgage Investment (NYSE:PMT)

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