Rhumbline Advisers Has $3.33 Million Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

Rhumbline Advisers lifted its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,702 shares of the real estate investment trust’s stock after purchasing an additional 1,001 shares during the quarter. Rhumbline Advisers owned 0.30% of PennyMac Mortgage Investment Trust worth $3,333,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc grew its position in shares of PennyMac Mortgage Investment Trust by 58.0% in the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 822 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in PennyMac Mortgage Investment Trust in the 3rd quarter valued at about $28,000. Simplify Asset Management Inc. bought a new position in PennyMac Mortgage Investment Trust during the third quarter worth about $143,000. Aigen Investment Management LP bought a new position in PennyMac Mortgage Investment Trust during the third quarter worth about $152,000. Finally, Longboard Asset Management LP acquired a new position in PennyMac Mortgage Investment Trust during the fourth quarter worth approximately $160,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Up 1.7 %

PennyMac Mortgage Investment Trust stock opened at $14.64 on Friday. The firm has a 50 day moving average price of $13.14 and a two-hundred day moving average price of $13.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $15.22. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 11.01 and a beta of 1.51.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. Equities analysts predict that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.60 dividend on an annualized basis and a yield of 10.93%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 120.30%.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, PennyMac Mortgage Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of $15.20.

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.