State of New Jersey Common Pension Fund D Buys 17,747 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

State of New Jersey Common Pension Fund D boosted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 12.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,027 shares of the real estate investment trust’s stock after buying an additional 17,747 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.18% of PennyMac Mortgage Investment Trust worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PMT. Versant Capital Management Inc raised its position in PennyMac Mortgage Investment Trust by 58.0% during 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 purchasing an additional 822 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of PennyMac Mortgage Investment Trust during the third quarter valued at approximately $28,000. Principal Securities Inc. raised its holdings 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 acquiring an additional 2,288 shares in the last quarter. Allworth Financial LP bought a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter valued at approximately $39,000. Finally, Simplify Asset Management Inc. bought a new position in shares of PennyMac Mortgage Investment Trust during the third quarter valued at approximately $143,000. 67.38% of the stock is owned by institutional investors.

PennyMac Mortgage Investment Trust Stock Up 0.6 %

Shares of NYSE:PMT opened at $14.09 on Monday. The stock has a 50 day moving average price of $13.02 and a 200-day moving average price of $13.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market capitalization of $1.22 billion, a P/E ratio of 10.59 and a beta of 1.51. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date of this dividend was Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 120.30%.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.