Thrivent Financial for Lutherans Has $845,000 Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

Thrivent Financial for Lutherans decreased its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,139 shares of the real estate investment trust’s stock after selling 1,072 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of PennyMac Mortgage Investment Trust worth $845,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PMT. Wilmington Savings Fund Society FSB bought a new stake in shares of PennyMac Mortgage Investment Trust during the 3rd quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new position in PennyMac Mortgage Investment Trust during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in 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 worth $28,000 after purchasing an additional 822 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of PennyMac Mortgage Investment Trust by 2,042.9% in the 4th 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. Finally, Allworth Financial LP acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at about $39,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

PennyMac Mortgage Investment Trust Price Performance

PennyMac Mortgage Investment Trust stock opened at $14.62 on Wednesday. The company has a market capitalization of $1.27 billion, a PE ratio of 10.99 and a beta of 1.51. 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 stock has a 50-day moving average price of $14.01 and a two-hundred day moving average price of $13.64. PennyMac Mortgage Investment Trust has a 12 month low of $11.77 and a 12 month high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted 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 net margin of 48.17% and a return on equity of 11.48%. Analysts expect that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.40 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 10.95%. PennyMac Mortgage Investment Trust’s payout ratio is 120.30%.

Insider Buying and Selling

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total transaction of $210,685.00. Following the completion of the sale, the director now owns 64,082 shares of the company’s stock, valued at approximately $929,189. This represents a 18.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, JMP Securities reiterated a “market outperform” rating and set a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a research 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. According to data from MarketBeat, PennyMac Mortgage Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price 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.