Teacher Retirement System of Texas Decreases Stake in PennyMac Mortgage Investment Trust (NYSE:PMT)

Teacher Retirement System of Texas lessened its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 34.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,022 shares of the real estate investment trust’s stock after selling 31,694 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of PennyMac Mortgage Investment Trust worth $743,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in PennyMac Mortgage Investment Trust during the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of PennyMac Mortgage Investment Trust in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc increased its position in shares of 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. Principal Securities Inc. raised its holdings in PennyMac Mortgage Investment Trust by 2,042.9% during the 4th quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 2,288 shares during the period. Finally, Allworth Financial LP purchased a new stake in PennyMac Mortgage Investment Trust during the 4th quarter valued at $39,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, PennyMac Mortgage Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.20.

PennyMac Mortgage Investment Trust Trading Down 0.8 %

Shares of NYSE PMT opened at $14.65 on Monday. PennyMac Mortgage Investment Trust has a fifty-two week low of $11.77 and a fifty-two week high of $15.22. 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 company has a market cap of $1.27 billion, a price-to-earnings ratio of 11.01 and a beta of 1.51. The business’s 50 day moving average price is $13.94 and its 200-day moving average price is $13.63.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share 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%. On average, sell-side analysts expect that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

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 dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 10.92%. PennyMac Mortgage Investment Trust’s payout ratio is 120.30%.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of PennyMac Mortgage Investment Trust 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 completion of the sale, the director now directly owns 64,082 shares of the company’s stock, valued at $929,189. The trade was a 18.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is owned by corporate insiders.

PennyMac Mortgage Investment Trust 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.