PennyMac Mortgage Investment Trust (NYSE: PMT) receives consensual buy rating from brokerage firms


The PennyMac Mortgage Investment Trust (NYSE: PMT – Get Rating) has won an average “Buy” recommendation from the ten brokerage firms that currently cover the company, MarketBeat Ratings reports. Three research analysts rated the shares with a retention rating, and four issued a rating to buy the company. The average target price for 12 months among the brokerage companies that have covered the shares in the last year is $ 18.72.

PMT has been the subject of a number of recent research reports. Credit Suisse Group lowered its PennyMac Mortgage Investment Trust price target to $ 17.00 and set a “neutral” rating for the company in a research note on Thursday (May 19th). Jonestrading lowered its PennyMac Mortgage Investment Trust price target from $ 18.50 to $ 18.00 in a research note on Friday, May 6th. StockNews.com raised the PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet downgraded the PennyMac Mortgage Investment Trust from a “c-” rating to “d” in a research note on Friday, May 6th. Finally, JMP Securities lowered its PennyMac Mortgage Investment Trust pricing target from $ 22.00 to $ 18.00 and set a market-breaking rating for the company in a research note on Tuesday (April 26th).

A number of hedge funds have recently made changes to their positions at PMT. Invesco Ltd. increased its stake in the PennyMac Mortgage Investment Trust by 98.7% in the fourth quarter. Invesco Ltd. now owns 2,230,488 shares of real estate investment trust shares worth $ 38,654,000 after buying an additional 1,107,783 shares in the last quarter. Norges Bank bought a new stake in the PennyMac Mortgage Investment Trust in the fourth quarter worth $ 17,544,000. Greenwich Investment Management Inc. bought a new stake in PennyMac Mortgage Investment Trust in the fourth quarter worth $ 9,430,000. Goldman Sachs Group Inc. increased its stake in PennyMac Mortgage Investment Trust by 6.5% in the fourth quarter. Goldman Sachs Group Inc. already owns 5,022,501 shares of real estate investment trust shares worth $ 87,040,000 after purchasing an additional 305,375 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in PennyMac Mortgage Investment Trust by 866.9% in the fourth quarter. Renaissance Technologies LLC now owns 283,300 shares of the $ 4,910,000 real estate investment trust after buying an additional 254,000 shares in the last quarter. 70.77% of the shares are owned by institutional investors and hedge funds.

Shares of PMT opened at $ 12.40 on Friday. The company has a current ratio of 0.52, a fast ratio of 0.52 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $ 1.21 billion, a P / E ratio of -16.99 and a beta of 1.10. The PennyMac Mortgage Investment Trust has a 12-month low of $ 11.64 and a 12-month high of $ 21.53. The 50-day simple moving average is $ 15.40, and its 200-day simple moving average is $ 16.44.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 28. The record investors on Thursday, July 14, will receive a dividend of $ 0.47 per share. The date of the former dividend of this dividend is Wednesday, July 13. This represents a $ 1.88 annual dividend and a yield of 15.16%. The PennyMac Mortgage Investment Trust’s dividend payout ratio is currently -257.53%.

About PennyMac Mortgage Investment Trust (Get an estimate)

PennyMac Mortgage Investment Trust, a specialized financial company, invests primarily in mortgage-related assets in the United States. The Credit Sensitive Strategies segment of the company invests in credit transfer agreements (CRTs), CRT securities, problem loans, real estate and bonds that are not subordinated to the agency.

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Analysts' recommendations for the PennyMac Mortgage Investment Trust (NYSE: PMT)



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