Dean Capital Investments Management LLC Sells 1,583 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Dean Capital Investments Management LLC decreased its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,724 shares of the real estate investment trust’s stock after selling 1,583 shares during the quarter. Dean Capital Investments Management LLC’s holdings in PennyMac Mortgage Investment Trust were worth $572,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wakefield Asset Management LLLP boosted its stake in PennyMac Mortgage Investment Trust by 2.0% during the 3rd quarter. Wakefield Asset Management LLLP now owns 23,776 shares of the real estate investment trust’s stock worth $529,000 after acquiring an additional 470 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in PennyMac Mortgage Investment Trust by 1.9% in the second quarter. Oregon Public Employees Retirement Fund now owns 26,906 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 500 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in PennyMac Mortgage Investment Trust by 24.7% in the third quarter. Flagship Harbor Advisors LLC now owns 2,521 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 500 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in PennyMac Mortgage Investment Trust by 5.8% in the second quarter. Crossmark Global Holdings Inc. now owns 11,370 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 620 shares in the last quarter. Finally, Whittier Trust Co. lifted its stake in PennyMac Mortgage Investment Trust by 1.1% in the third quarter. Whittier Trust Co. now owns 61,558 shares of the real estate investment trust’s stock valued at $1,368,000 after buying an additional 661 shares in the last quarter. 61.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE PMT traded up $0.03 during midday trading on Wednesday, reaching $22.67. The company’s stock had a trading volume of 13,723 shares, compared to its average volume of 822,788. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.27. PennyMac Mortgage Investment Trust has a fifty-two week low of $17.88 and a fifty-two week high of $23.35. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.91 and a beta of 0.59. The stock has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $21.91.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.20. PennyMac Mortgage Investment Trust had a net margin of 50.13% and a return on equity of 13.38%. The company had revenue of $130.76 million for the quarter, compared to the consensus estimate of $116.95 million. During the same period last year, the company earned $0.62 earnings per share. As a group, equities analysts anticipate that PennyMac Mortgage Investment Trust will post 2.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, October 14th were issued a $0.47 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.29%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 94.47%.

A number of research analysts have weighed in on PMT shares. Wedbush reaffirmed a “neutral” rating on shares of PennyMac Mortgage Investment Trust in a research note on Friday, July 26th. Bank of America started coverage on shares of PennyMac Mortgage Investment Trust in a research note on Monday, September 23rd. They issued a “buy” rating and a $23.00 price target on the stock. Zacks Investment Research lowered shares of PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Deutsche Bank started coverage on shares of PennyMac Mortgage Investment Trust in a research note on Friday, October 11th. They issued a “buy” rating and a $24.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. PennyMac Mortgage Investment Trust presently has an average rating of “Buy” and a consensus target price of $23.14.

PennyMac Mortgage Investment Trust Company 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).

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

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