PennyMac Mortgage Investment Trust (PMT) Projected to Post Quarterly Earnings on Thursday

PennyMac Mortgage Investment Trust (NYSE:PMT) is projected to issue its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $90.23 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

PennyMac Mortgage Investment Trust Trading Down 0.3 %

Shares of PMT stock traded down $0.05 on Tuesday, reaching $12.86. 290,879 shares of the company’s stock were exchanged, compared to its average volume of 691,634. PennyMac Mortgage Investment Trust has a 52 week low of $11.77 and a 52 week high of $15.22. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.12 billion, a PE ratio of 9.44 and a beta of 1.50. The company’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $13.56.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date was Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 117.65%.

Analysts Set New Price Targets

PMT has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Wedbush reaffirmed a “neutral” rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.20.

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.