Barclays PLC Has $2.12 Million Stock Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Barclays PLC boosted its stake in PennyMac Mortgage Investment Trust (NYSE:PMT) by 218.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,734 shares of the real estate investment trust’s stock after acquiring an additional 102,067 shares during the period. Barclays PLC owned 0.17% of PennyMac Mortgage Investment Trust worth $2,121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simplify Asset Management Inc. bought a new stake in shares of PennyMac Mortgage Investment Trust in the 3rd quarter valued at $143,000. Aigen Investment Management LP acquired a new position in PennyMac Mortgage Investment Trust in the third quarter valued at $152,000. Allspring Global Investments Holdings LLC bought a new stake in PennyMac Mortgage Investment Trust during the second quarter valued at $177,000. Caprock Group LLC grew its holdings in PennyMac Mortgage Investment Trust by 9.3% during the 3rd quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 1,156 shares during the period. Finally, Caxton Associates LP bought a new position in shares of PennyMac Mortgage Investment Trust in the 2nd quarter worth about $232,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Price Performance

Shares of NYSE PMT opened at $13.00 on Friday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 9.56 and a beta of 1.50. The firm’s 50-day moving average price is $13.41 and its 200-day moving average price is $13.76. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.56. PennyMac Mortgage Investment Trust has a 1-year low of $12.80 and a 1-year high of $15.89.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $80.86 million for the quarter, compared to analyst estimates of $93.75 million. PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. During the same period last year, the company posted $0.51 earnings per share. Equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.29 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, December 27th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 12.31%. The ex-dividend date of this dividend is Friday, December 27th. PennyMac Mortgage Investment Trust’s payout ratio is currently 117.65%.

Wall Street Analysts Forecast Growth

Separately, Wedbush restated a “neutral” rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.17.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.