Analysts Perspectives: Pennymac Mortgage Investment Trust (PMT)

Hedge funds and other institutional investors own 61.17% of the company's stock. Alliancebernstein L.P. owned approximately 0.94% of Pennymac Mortgage Investment worth $9,937,000 at the end of the most recent reporting period. 33 increased positions while 20 funds amassed positions. Stifel Fin invested 0.01% in PennyMac Mortgage Investment Trust (NYSE:PMT).

Analysts expected the average price target of $16.71 that is probable to reach in coming one year period. Global X Management Co. LLC raised its position in Pennymac Mortgage Investment by 3.3% during the 4th quarter. Rhumbline Advisers now owns 86,203 shares of the company's stock worth $1,343,000 after buying an additional 1,240 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Pennymac Mortgage Investment by 7.5% during the 4th quarter. For the current quarter Pennymac Mortgage Investment Trust (NYSE:PMT) has high EPS estimates of $0.37 in contradiction of low EPS estimates of $0.26.

PennyMac Mortgage Investment Trust (NYSE:PMT)'s earnings release is anticipated by WallStreet on May, 3, as reported by RTT. Institutional investors and hedge funds own 64.94% of the company's stock.

Among 9 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 3 have Buy rating, 0 Sell and 6 Hold. Also, Director Scott W. Carnahan sold 2,375 shares of the firm's stock in a transaction that occurred on Friday, February 24th. The shares were acquired at an average cost of $17.67 per share, for a total transaction of $107,999.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Richard Bailey sold 8,490 shares of Pennymac Mortgage Investment stock in a transaction on Tuesday, February 27th. The total dollar value of all 277.38 million outstanding shares is 5.51 billion. We will compare the two companies across growth, profitability, risk, valuation, and insider trends to answer this question. At a certain point in the past four quarters, the shares traded as low as $109.96 but made a 2.59% recovery since then. Shares of SABR moved downward with change of -7.82% to its 50-day Moving average. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.90. The firm has fifty days moving average percentage of 0.88% to its latest price change.

PennyMac Mortgage Investment Trust (NYSE:PMT) opened at 16.94 on Friday. The firm bought 17,948 shares of the real estate investment trust's stock, valued at approximately $288,000. PennyMac Mortgage Investment Trust had a return on equity of 5.51% and a net margin of 27.86%. During the same period in the prior year, the business earned $0.44 EPS. Raymond James Financial Services Advisors Inc. now owns 18,677 shares of the company's stock worth $306,000 after buying an additional 200 shares during the last quarter. 161,931 were reported by Tiaa Cref Invest Mngmt Ltd. Group One Trading Lp holds 266 shares or 0% of its portfolio. This represents a $1.88 dividend on an annualized basis and a yield of 10.76%. Pennymac Mortgage Investment's dividend payout ratio is presently 144.62%.

Pennymac Mortgage Investment announced that its board has authorized a stock repurchase plan on Wednesday, December 20th that authorizes the company to repurchase $100.00 million in shares.

The shares of the company (PMT) staged the smart recovery as has roared back some 15.74% after stumbling to its new 52-weeks low. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Lincolnian Online and is the property of of The Lincolnian Online. The correct version of this story can be accessed at https://macondaily.com/2018/04/17/cambridge-investment-research-advisors-inc-takes-288000-position-in-pennymac-mortgage-investment-pmt.html. 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).

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