PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) announced its quarterly earnings results 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 return on equity of 13.26% and a net margin of 47.60%. The business had revenue of $71.20 million for the quarter, compared to analyst estimates of $90.26 million. During the same quarter last year, the company earned $0.16 EPS.
PennyMac Mortgage Investment Trust Stock Performance
Shares of PennyMac Mortgage Investment Trust stock traded up $0.41 during midday trading on Thursday, hitting $13.73. The company had a trading volume of 435,132 shares, compared to its average volume of 740,058. The stock has a market cap of $1.19 billion, a PE ratio of 8.99 and a beta of 1.51. PennyMac Mortgage Investment Trust has a 1-year low of $10.52 and a 1-year high of $15.89. The business’s 50 day simple moving average is $13.95 and its two-hundred day simple moving average is $14.13. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.34 and a quick ratio of 0.34.
PennyMac Mortgage Investment Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.65%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 106.67%.
Wall Street Analyst Weigh In
Read 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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