Creative Planning Buys Shares of 9,663 PennyMac Mortgage Investment Trust (NYSE:PMT)

Creative Planning bought a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,663 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of PennyMac Mortgage Investment Trust by 60.6% during the fourth quarter. Versant Capital Management Inc now owns 1,421 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 536 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of PennyMac Mortgage Investment Trust by 24.7% during the third quarter. Flagship Harbor Advisors LLC now owns 2,521 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 500 shares during the last quarter. Signaturefd LLC raised its position in shares of PennyMac Mortgage Investment Trust by 34.8% during the third quarter. Signaturefd LLC now owns 3,873 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 1,000 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of PennyMac Mortgage Investment Trust by 147.6% during the third quarter. Catalyst Capital Advisors LLC now owns 5,250 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 3,130 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of PennyMac Mortgage Investment Trust by 62.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,060 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 2,336 shares during the last quarter. Hedge funds and other institutional investors own 64.18% of the company’s stock.

NYSE PMT opened at $23.52 on Friday. The business has a 50 day simple moving average of $23.05 and a 200 day simple moving average of $22.55. PennyMac Mortgage Investment Trust has a one year low of $19.74 and a one year high of $23.79. The stock has a market capitalization of $2.35 billion, a P/E ratio of 9.64, a P/E/G ratio of 2.11 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.54 and a quick ratio of 0.56.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. PennyMac Mortgage Investment Trust had a return on equity of 12.68% and a net margin of 46.31%. The business had revenue of $155.04 million during the quarter, compared to analysts’ expectations of $133.35 million. During the same quarter last year, the firm posted $0.63 earnings per share. Equities analysts expect that PennyMac Mortgage Investment Trust will post 2.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Monday, December 30th. This represents a $1.88 annualized dividend and a yield of 7.99%. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 77.69%.

In related news, insider Doug Jones sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $22.91, for a total transaction of $114,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.45% of the company’s stock.

A number of equities analysts have recently issued reports on PMT shares. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Compass Point started coverage on PennyMac Mortgage Investment Trust in a research report on Monday, December 2nd. They set a “neutral” rating and a $22.50 price objective for the company. ValuEngine upgraded PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Nomura restated a “buy” rating and set a $24.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Sunday, February 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.44.

PennyMac Mortgage Investment Trust Profile

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).

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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