PennyMac Mortgage Investment Trust (PMT) Getting Somewhat Positive Media Coverage, Analysis Shows

News coverage about PennyMac Mortgage Investment Trust (NYSE:PMT) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.2480334227316 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of PennyMac Mortgage Investment Trust (PMT) opened at $16.04 on Friday. The company has a market cap of $1,039.91, a P/E ratio of 11.30 and a beta of 0.52. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.46. PennyMac Mortgage Investment Trust has a 12-month low of $14.87 and a 12-month high of $18.46.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.18). The firm had revenue of $75.80 million for the quarter, compared to analysts’ expectations of $81.72 million. PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. The firm’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. analysts forecast that PennyMac Mortgage Investment Trust will post 1.32 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 29th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 11.72%. The ex-dividend date of this dividend is Thursday, December 28th. PennyMac Mortgage Investment Trust’s payout ratio is presently 132.39%.

PennyMac Mortgage Investment Trust announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 20th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Keefe, Bruyette & Woods lowered shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $19.00 to $18.00 in a research report on Tuesday, October 10th. Finally, ValuEngine lowered shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.

In other PennyMac Mortgage Investment Trust news, insider David Spector sold 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $17.39, for a total value of $326,062.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.08% of the stock is owned by insiders.

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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.

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

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