Charles Schwab Investment Management Inc. Purchases 63,781 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Charles Schwab Investment Management Inc. lifted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,520,394 shares of the real estate investment trust’s stock after purchasing an additional 63,781 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.75% of PennyMac Mortgage Investment Trust worth $19,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of PennyMac Mortgage Investment Trust during the third quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in shares of PennyMac Mortgage Investment Trust by 58.0% during the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 822 shares in the last quarter. Principal Securities Inc. boosted its position in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 2,288 shares in the last quarter. Allworth Financial LP bought a new stake in PennyMac Mortgage Investment Trust in the fourth quarter worth $39,000. Finally, Motiv8 Investments LLC bought a new stake in PennyMac Mortgage Investment Trust in the fourth quarter worth $129,000. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market outperform” rating and issued a $15.50 target price 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PennyMac Mortgage Investment Trust presently has a consensus rating of “Moderate Buy” and an average target price of $15.20.

PennyMac Mortgage Investment Trust Trading Down 0.1 %

PennyMac Mortgage Investment Trust stock opened at $14.64 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $13.61 and its two-hundred day simple moving average is $13.60. PennyMac Mortgage Investment Trust has a 12 month low of $11.77 and a 12 month high of $15.22. The company has a market capitalization 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 released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate 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%. As a group, equities analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date of this dividend is Friday, April 11th. PennyMac Mortgage Investment Trust’s payout ratio is currently 120.30%.

Insider Activity

In other news, Director Doug Jones sold 14,530 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the transaction, the director now directly owns 64,082 shares of the company’s stock, valued at $929,189. This represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.89% of the company’s stock.

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.