Great West Life Assurance Co. A new option on shares of PennyMac Mortgage Investment Trust (NYSE:PMT – Get the Badge) in the third quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The firm purchased 121,272 shares of the investment trust’s stock, valued at approximately $1,427,000. Great West Life Assurance Co. Can owned about 0.13% of PennyMac Mortgage Investment Trust as of its most recent filing with the Securities and Exchange Commission.
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A number of other institutional investors and hedge funds have also recently modified their holdings of PMT. Pacer Advisors Inc. has raised Its holdings in PennyMac Mortgage Investment Trust by 26.6% in the third quarter. Now owned by Pacer Advisors Inc. 1,453,426 shares of the investment trust’s stock valued at $17,121,000 after purchasing an additional 305,310 shares during the period. Selective Wealth Management Inc. increased its holdings in PennyMac Mortgage Investment Trust by 277.8% in the second quarter. Selective Wealth Management Inc. now owns 13,977 shares of the investment trust’s stock worth $193,000 after purchasing an additional 10,277 shares during the period. ING Groep NV boosted its holdings in PennyMac Mortgage Investment Trust by 15.9% in the second quarter. ING Groep NV now owns 76,211 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 10,483 shares during the period. . WINTON GROUP Ltd increased its holdings in PennyMac Mortgage Investment Trust by 347.4% during the second quarter. WINTON GROUP Ltd now owns 101,722 shares of the investment firm’s stock worth $1,407,000 after purchasing an additional 78,984 shares during the period. . Finally, Duality Advisers LP bought a new position in PennyMac Mortgage Investment Trust during the second quarter worth $252,000. 71.21% of the stock is held by institutional investors.
PennyMac Mortgage Investment Trust Down 0.9%
Share of PMT shares opens at $14.99 on Tuesday. The stock’s fifty-day moving average is $14.20 and its 200-day moving average is $14.08. PennyMac Mortgage Investment Trust has a 1-year low of $10.78 and a 1-year high of $18.67. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.45 and a quick ratio of 0.45. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -10.20 and a beta of 1.33.
PennyMac Mortgage Investment Trust has cut its dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 27th. Stockholders of record on Friday, December 30th were issued a dividend of $0.40 per share. The distribution date is Thursday, December 29th. The dividend is $1.60 annually and yields 10.67%. PennyMac Mortgage Investment Trust’s dividend yield is currently -108.84%.
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Several publications have recently issued reports on PMT. BTIG Research cut their price target on PennyMac Mortgage Investment Trust to $16.00 in a report on Monday, December 12th. Credit Suisse Group cut their price target on PennyMac Mortgage Investment Trust to $15.00 in a report on Thursday, October 13th. StockNews.com started coverage on PennyMac Mortgage Investment Trust in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Jonestrading lowered PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, November 30th. Finally, JMP Securities cut their price target on PennyMac Mortgage Investment Trust from $16.00 to $15.00 and set a “market outperform” rating on the stock in a report on Thursday, October 20th. . One equities research analyst has rated the stock with a buy rating, two have given a hold rating and three have given a hold rating to the stock. provide a sales pitch to the company. According to MarketBeat, PennyMac Mortgage Investment Trust currently has a rating of “Hold” and a target price of $15.64.
PennyMac Mortgage Investment Trust Profile
PennyMac Mortgage Investment Trust is a mutual fund company, which invests exclusively in residential mortgage loans and mortgage-related assets. It operates in the following segments: Production Underwriters, Credit Risk Management, Interest Rate Risk Management, and Corporate Operations. The Correspondent Production segment deals with the purchase, aggregating, and resale of mortgage loans that are directly or indirectly originated. or the issuance of mortgage securities in the capital markets.
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