PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) Director Doug Jones sold 7,810 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $14.34, for a total value of $111,995.40. Following the completion of the sale, the director now owns 53,311 shares of the company’s stock, valued at $764,479.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
PennyMac Mortgage Investment Trust Stock Performance
Shares of PennyMac Mortgage Investment Trust stock opened at $14.14 on Friday. The firm has a market cap of $1.23 billion, a P/E ratio of 8.78 and a beta of 1.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.37. PennyMac Mortgage Investment Trust has a 12 month low of $10.52 and a 12 month high of $15.89. The stock’s fifty day moving average price is $14.22 and its 200-day moving average price is $13.66.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on PMT shares. B. Riley increased their target price on PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. UBS Group started coverage on PennyMac Mortgage Investment Trust in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $13.50 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on PennyMac Mortgage Investment Trust in a research note on Wednesday, January 10th. They issued a “hold” rating and a $15.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.58.
Check Out Our Latest Stock Report on PMT
Hedge Funds Weigh In On PennyMac Mortgage Investment Trust
Several institutional investors have recently made changes to their positions in PMT. B. Riley Wealth Advisors Inc. grew its stake in PennyMac Mortgage Investment Trust by 10.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 199,073 shares of the real estate investment trust’s stock valued at $3,056,000 after purchasing an additional 18,695 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in PennyMac Mortgage Investment Trust by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 205,863 shares of the real estate investment trust’s stock worth $3,078,000 after acquiring an additional 1,582 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter worth about $655,000. Barclays PLC boosted its holdings in PennyMac Mortgage Investment Trust by 168.1% in the fourth quarter. Barclays PLC now owns 229,039 shares of the real estate investment trust’s stock worth $3,423,000 after acquiring an additional 143,607 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in PennyMac Mortgage Investment Trust by 18.3% in the fourth quarter. Voya Investment Management LLC now owns 87,232 shares of the real estate investment trust’s stock worth $1,304,000 after acquiring an additional 13,509 shares in the last quarter. Hedge funds and other institutional investors own 66.89% of the company’s stock.
PennyMac Mortgage Investment Trust Company Profile
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.
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