Media coverage about PennyMac Mortgage Investment Trust (NYSE:PMT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.7276471001208 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Analyzing MFA Financial (MFA) & PennyMac Mortgage Investment Trust (PMT) (americanbankingnews.com)
- PennyMac Mortgage Investment Trust: Slides on big EPS miss (timesofindia.indiatimes.com)
- Edited Transcript of PMT earnings conference call or presentation 2-Nov-17 10:59am GMT (finance.yahoo.com)
- PennyMac Mortgage Investment Trust (PMT) Posts Quarterly Earnings Results, Misses Estimates By $0.18 EPS (americanbankingnews.com)
- Trading Lines in Review for Pennymac Mortgage Investment Trust (PMT) – Lockport Press (lockportpress.com)
PMT has been the topic of several research reports. BidaskClub lowered PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research upgraded PennyMac Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods downgraded PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $19.00 to $18.00 in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.33.
Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) traded down $0.94 during trading hours on Friday, hitting $15.22. The stock had a trading volume of 1,456,363 shares, compared to its average volume of 505,649. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1,017.34, a PE ratio of 10.72 and a beta of 0.54.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.18). The firm had revenue of $75.80 million for the quarter, compared to the consensus estimate of $81.72 million. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. The business’s revenue was down 26.6% on a year-over-year basis. During the same period last year, the company posted $1.06 EPS. research analysts predict that PennyMac Mortgage Investment Trust will post 1.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 30th. Investors of record on Friday, October 13th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 12.35%. The ex-dividend date of this dividend was Thursday, October 12th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 132.39%.
In other news, insider David Spector sold 18,750 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $17.40, for a total value of $326,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 75,000 shares of company stock worth $1,299,563 in the last three months. Insiders own 1.80% of the company’s stock.
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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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