GraniteShares Advisors LLC Makes New $2.46 Million Investment in PennyMac Mortgage Investment Trust (NYSE:PMT)

GraniteShares Advisors LLC purchased a new position in PennyMac Mortgage Investment Trust (NYSE:PMT) in the fourth quarter, Holdings Channel.com reports. The firm purchased 195,506 shares of the real estate investment trust’s stock, valued at approximately $2,461,000.

A number of other institutional investors have also bought and sold shares of PMT. Versant Capital Management Inc increased its stake in PennyMac Mortgage Investment Trust by 58.0% in the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 822 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of PennyMac Mortgage Investment Trust during the third quarter valued at about $28,000. Principal Securities Inc. grew its position in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 2,288 shares in the last quarter. Allworth Financial LP purchased a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter valued at about $39,000. Finally, Simplify Asset Management Inc. purchased a new position in shares of PennyMac Mortgage Investment Trust during the third quarter valued at about $143,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market outperform” rating and set a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 23rd. Two 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.20.

PennyMac Mortgage Investment Trust Trading Up 3.0 %

Shares of PennyMac Mortgage Investment Trust stock opened at $14.54 on Wednesday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 10.93 and a beta of 1.51. The business has a 50-day moving average price of $13.05 and a 200-day moving average price of $13.52. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43. PennyMac Mortgage Investment Trust has a twelve month low of $11.77 and a twelve month high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. Equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were given a $0.40 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.60 annualized dividend and a yield of 11.01%. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 120.30%.

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.