PennyMac Mortgage Investment Trust (PMT) Set to Announce Earnings on Wednesday

PennyMac Mortgage Investment Trust (NYSE:PMT) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

PennyMac Mortgage Investment Trust Stock Up 0.8 %

PMT opened at $13.67 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 1.37. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 8.49 and a beta of 1.48. PennyMac Mortgage Investment Trust has a twelve month low of $10.52 and a twelve month high of $15.89. The company’s 50-day moving average price is $14.05 and its two-hundred day moving average price is $13.94.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date is Thursday, April 11th. PennyMac Mortgage Investment Trust’s payout ratio is 99.38%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PMT shares. B. Riley boosted their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. JMP Securities reissued a “market outperform” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of PennyMac Mortgage Investment Trust in a research report on Wednesday, January 10th. They issued a “hold” rating and a $15.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and a consensus target price of $14.58.

Insider Buying and Selling

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 7,810 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $14.34, for a total value of $111,995.40. Following the completion of the transaction, the director now owns 53,311 shares of the company’s stock, valued at approximately $764,479.74. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.90% of the stock is currently owned by insiders.

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.