Equities analysts predict that PennyMac Mortgage Investment Trust (NYSE:PMT) will announce earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for PennyMac Mortgage Investment Trust’s earnings. PennyMac Mortgage Investment Trust reported earnings of $0.40 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 27.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that PennyMac Mortgage Investment Trust will report full year earnings of $1.63 per share for the current year, with EPS estimates ranging from $1.56 to $1.69. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). PennyMac Mortgage Investment Trust had a return on equity of 6.83% and a net margin of 34.34%. The company had revenue of $93.70 million for the quarter, compared to analyst estimates of $80.43 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue was up 36.0% on a year-over-year basis.

Several brokerages have issued reports on PMT. Zacks Investment Research lowered shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. ValuEngine lowered shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) traded up $0.19 during trading hours on Friday, hitting $17.10. 585,385 shares of the company were exchanged, compared to its average volume of 1,190,000. PennyMac Mortgage Investment Trust has a fifty-two week low of $14.87 and a fifty-two week high of $18.46. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1,120.00, a price-to-earnings ratio of 11.96 and a beta of 0.49.

PennyMac Mortgage Investment Trust announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 20th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, December 29th were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.88 annualized dividend and a yield of 10.99%. PennyMac Mortgage Investment Trust’s payout ratio is currently 131.47%.

Hedge funds have recently modified their holdings of the business. Sei Investments Co. increased its stake in PennyMac Mortgage Investment Trust by 20,756.3% in the 3rd quarter. Sei Investments Co. now owns 6,674 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 6,642 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in PennyMac Mortgage Investment Trust by 4.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,207 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 304 shares during the last quarter. M&T Bank Corp increased its stake in PennyMac Mortgage Investment Trust by 4.8% in the 2nd quarter. M&T Bank Corp now owns 10,900 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 500 shares during the last quarter. Orinda Asset Management LLC acquired a new stake in PennyMac Mortgage Investment Trust in the 4th quarter valued at $241,000. Finally, Campbell & CO Investment Adviser LLC increased its stake in PennyMac Mortgage Investment Trust by 45.5% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 14,621 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 4,575 shares during the last quarter. Hedge funds and other institutional investors own 62.16% of the company’s stock.

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PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

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