Versant Capital Management Inc Has $28,000 Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

Versant Capital Management Inc grew its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) by 58.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,240 shares of the real estate investment trust’s stock after purchasing an additional 822 shares during the period. Versant Capital Management Inc’s holdings in PennyMac Mortgage Investment Trust were worth $28,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PMT. JPMorgan Chase & Co. grew its position in PennyMac Mortgage Investment Trust by 1.5% during the third quarter. JPMorgan Chase & Co. now owns 1,219,206 shares of the real estate investment trust’s stock valued at $17,386,000 after purchasing an additional 18,122 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of PennyMac Mortgage Investment Trust by 18.2% during the 3rd quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust’s stock valued at $7,221,000 after acquiring an additional 77,955 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of PennyMac Mortgage Investment Trust in the third quarter worth $28,000. Geode Capital Management LLC raised its holdings in shares of PennyMac Mortgage Investment Trust by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,021,922 shares of the real estate investment trust’s stock worth $28,838,000 after acquiring an additional 31,479 shares in the last quarter. Finally, Vestcor Inc boosted its position in PennyMac Mortgage Investment Trust by 136.5% during the third quarter. Vestcor Inc now owns 71,565 shares of the real estate investment trust’s stock valued at $1,021,000 after purchasing an additional 41,300 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

PennyMac Mortgage Investment Trust Trading Down 0.2 %

Shares of NYSE:PMT opened at $12.49 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.08 billion, a PE ratio of 9.18 and a beta of 1.50. PennyMac Mortgage Investment Trust has a 1 year low of $12.33 and a 1 year high of $15.22. The firm has a fifty day moving average price of $13.23 and a 200 day moving average price of $13.69.

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

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, December 27th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.81%. The ex-dividend date of this dividend is Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio is 117.65%.

Analyst Upgrades and Downgrades

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

About PennyMac Mortgage Investment Trust

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.