Centaurus Financial Inc. Raises Stake in PennyMac Mortgage Investment Trust (NYSE:PMT)

Centaurus Financial Inc. lifted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 4,378.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,435 shares of the real estate investment trust’s stock after buying an additional 21,934 shares during the quarter. Centaurus Financial Inc.’s holdings in PennyMac Mortgage Investment Trust were worth $490,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. lifted its position in PennyMac Mortgage Investment Trust by 32.0% during the second quarter. UBS Asset Management Americas Inc. now owns 69,377 shares of the real estate investment trust’s stock valued at $1,515,000 after buying an additional 16,814 shares in the last quarter. Jane Street Group LLC acquired a new position in PennyMac Mortgage Investment Trust during the second quarter valued at approximately $209,000. Citadel Advisors LLC lifted its position in PennyMac Mortgage Investment Trust by 38.3% during the second quarter. Citadel Advisors LLC now owns 447,983 shares of the real estate investment trust’s stock valued at $9,779,000 after buying an additional 124,071 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in PennyMac Mortgage Investment Trust by 2,028.0% during the second quarter. Point72 Hong Kong Ltd now owns 6,001 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 5,719 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in PennyMac Mortgage Investment Trust by 260.9% during the second quarter. Cubist Systematic Strategies LLC now owns 139,785 shares of the real estate investment trust’s stock valued at $3,052,000 after buying an additional 101,050 shares in the last quarter. Institutional investors and hedge funds own 71.22% of the company’s stock.

NYSE PMT opened at $22.28 on Wednesday. The company’s fifty day simple moving average is $21.98 and its 200-day simple moving average is $21.49. PennyMac Mortgage Investment Trust has a 52 week low of $17.88 and a 52 week high of $22.62. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.74 billion, a P/E ratio of 11.20, a PEG ratio of 1.97 and a beta of 0.60.



PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. PennyMac Mortgage Investment Trust had a net margin of 47.03% and a return on equity of 13.29%. The business had revenue of $96.40 million for the quarter, compared to analysts’ expectations of $104.95 million. During the same period in the previous year, the company posted $0.70 earnings per share. On average, research analysts expect that PennyMac Mortgage Investment Trust will post 2.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Monday, October 14th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.44%. PennyMac Mortgage Investment Trust’s payout ratio is currently 94.47%.

A number of research analysts have recently commented on the stock. Wedbush reissued a “neutral” rating on shares of PennyMac Mortgage Investment Trust in a research report on Friday, July 26th. Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, July 31st. Finally, Bank of America assumed coverage on shares of PennyMac Mortgage Investment Trust in a research report on Monday. They set a “buy” rating and a $23.00 target price on the stock. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.63.

PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

Featured Article: Support Level

Want to see what other hedge funds are holding PMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PennyMac Mortgage Investment Trust (NYSE:PMT).

Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

Receive News & Ratings for PennyMac Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.