SG Americas Securities LLC Has $1.62 Million Stock Position in PennyMac Mortgage Investment Trust $PMT

SG Americas Securities LLC lowered its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 73.6% in the first quarter, Holdings Channel.com reports. The fund owned 139,170 shares of the real estate investment trust’s stock after selling 387,780 shares during the period. SG Americas Securities LLC’s holdings in PennyMac Mortgage Investment Trust were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PMT. Flagship Harbor Advisors LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in PennyMac Mortgage Investment Trust during the fourth quarter worth $33,000. GAMMA Investing LLC increased its holdings in PennyMac Mortgage Investment Trust by 102.8% in the 4th quarter. GAMMA Investing LLC now owns 2,752 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,395 shares during the period. Clearstead Advisors LLC increased its holdings in PennyMac Mortgage Investment Trust by 184.3% in the 4th quarter. Clearstead Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,815 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its holdings in PennyMac Mortgage Investment Trust by 200.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 3,000 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 2,000 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PMT. Wall Street Zen downgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of PennyMac Mortgage Investment Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Piper Sandler dropped their price target on shares of PennyMac Mortgage Investment Trust from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Wells Fargo & Company cut their price target on shares of PennyMac Mortgage Investment Trust from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 price objective (down from $13.50) on shares of PennyMac Mortgage Investment Trust in a report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.80.

PennyMac Mortgage Investment Trust Stock Down 3.9%

Shares of NYSE:PMT opened at $10.79 on Friday. The company’s fifty day moving average is $10.70 and its 200-day moving average is $11.77. The company has a debt-to-equity ratio of 7.99, a quick ratio of 1.39 and a current ratio of 1.39. PennyMac Mortgage Investment Trust has a 52 week low of $9.83 and a 52 week high of $13.81. The company has a market capitalization of $941.32 million, a PE ratio of 9.39, a P/E/G ratio of 0.69 and a beta of 1.13.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.20). PennyMac Mortgage Investment Trust had a return on equity of 10.71% and a net margin of 41.38%.The firm had revenue of $233.25 million for the quarter, compared to analyst estimates of $92.92 million. Equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.21 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 14.8%. The ex-dividend date of this dividend is Thursday, July 9th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 139.13%.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.