PennyMac Mortgage Investment Trust (PMT) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 113.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,006 shares of the real estate investment trust’s stock after purchasing an additional 11,694 shares during the period. Fox Run Management L.L.C.’s holdings in PennyMac Mortgage Investment Trust were worth $410,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of PennyMac Mortgage Investment Trust by 1,138.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,677 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 6,138 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of PennyMac Mortgage Investment Trust in the 2nd quarter valued at about $220,000. Strategic Wealth Advisors Group LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the 3rd quarter valued at about $246,000. Raymond James & Associates lifted its stake in shares of PennyMac Mortgage Investment Trust by 42.2% in the 2nd quarter. Raymond James & Associates now owns 14,925 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 4,431 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of PennyMac Mortgage Investment Trust by 21.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,000 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 3,200 shares in the last quarter. 68.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PMT opened at $19.43 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.19 and a beta of 0.51. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. PennyMac Mortgage Investment Trust has a one year low of $15.44 and a one year high of $21.35.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.37 by $0.25. The business had revenue of $108.50 million for the quarter, compared to the consensus estimate of $121.87 million. PennyMac Mortgage Investment Trust had a return on equity of 10.64% and a net margin of 40.40%. The company’s revenue was up 43.1% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. On average, equities analysts forecast that PennyMac Mortgage Investment Trust will post 1.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Investors of record on Monday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.88 annualized dividend and a dividend yield of 9.68%. PennyMac Mortgage Investment Trust’s payout ratio is currently 144.62%.

Several equities research analysts recently commented on the company. Credit Suisse Group raised their target price on PennyMac Mortgage Investment Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, September 25th. Barclays set a $19.00 target price on PennyMac Mortgage Investment Trust and gave the company a “hold” rating in a report on Friday, December 14th. JMP Securities raised their target price on PennyMac Mortgage Investment Trust from $20.00 to $21.00 and gave the company a “market outperform” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. PennyMac Mortgage Investment Trust currently has a consensus rating of “Buy” and a consensus target price of $20.60.

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PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

Read More: Certificate of Deposit (CD)

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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