PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.17), Zacks reports. PennyMac Mortgage Investment Trust had a net margin of 45.19% and a return on equity of 13.25%. The business had revenue of $71.20 million for the quarter, compared to analysts’ expectations of $90.26 million. During the same quarter in the prior year, the company posted $0.16 EPS.
PennyMac Mortgage Investment Trust Stock Performance
PMT traded down $1.15 during midday trading on Wednesday, hitting $13.32. 2,823,288 shares of the company were exchanged, compared to its average volume of 742,336. The company’s 50 day simple moving average is $13.99 and its 200 day simple moving average is $14.14. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.02 and a beta of 1.51. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.37. PennyMac Mortgage Investment Trust has a 1-year low of $10.52 and a 1-year high of $15.89.
PennyMac Mortgage Investment Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 12.01%. The ex-dividend date of this dividend is Friday, July 12th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 106.67%.
Analysts Set New Price Targets
View Our Latest Research Report on PennyMac Mortgage Investment Trust
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.
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