California Public Employees Retirement System lifted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 246,263 shares of the real estate investment trust’s stock after buying an additional 3,313 shares during the period. California Public Employees Retirement System owned 0.40% of PennyMac Mortgage Investment Trust worth $4,585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PMT. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of PennyMac Mortgage Investment Trust during the third quarter valued at approximately $21,710,000. BlackRock Inc. raised its stake in PennyMac Mortgage Investment Trust by 6.2% during the third quarter. BlackRock Inc. now owns 10,239,795 shares of the real estate investment trust’s stock worth $207,253,000 after purchasing an additional 593,750 shares during the period. Acadian Asset Management LLC raised its stake in PennyMac Mortgage Investment Trust by 26.0% during the fourth quarter. Acadian Asset Management LLC now owns 642,201 shares of the real estate investment trust’s stock worth $11,957,000 after purchasing an additional 132,681 shares during the period. Vanguard Group Inc raised its stake in PennyMac Mortgage Investment Trust by 1.7% during the third quarter. Vanguard Group Inc now owns 5,762,227 shares of the real estate investment trust’s stock worth $116,628,000 after purchasing an additional 95,374 shares during the period. Finally, Vanguard Group Inc. raised its stake in PennyMac Mortgage Investment Trust by 1.7% during the third quarter. Vanguard Group Inc. now owns 5,762,227 shares of the real estate investment trust’s stock worth $116,628,000 after purchasing an additional 95,374 shares during the period. 72.17% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Scott W. Carnahan sold 5,721 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $20.75, for a total value of $118,710.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.46% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on PMT shares. Barclays set a $19.00 price target on shares of PennyMac Mortgage Investment Trust and gave the stock a “hold” rating in a research note on Friday, December 14th. ValuEngine raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Tuesday, February 12th. Finally, Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Saturday, February 9th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.67.

NYSE:PMT opened at $20.73 on Friday. PennyMac Mortgage Investment Trust has a fifty-two week low of $16.97 and a fifty-two week high of $21.41. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 2.34 and a beta of 0.60. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.56.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.14. PennyMac Mortgage Investment Trust had a net margin of 43.52% and a return on equity of 12.19%. The company had revenue of $83.90 million during the quarter, compared to analyst estimates of $138.40 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, equities analysts predict that PennyMac Mortgage Investment Trust will post 1.76 earnings per share for the current fiscal year.

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About PennyMac Mortgage Investment Trust

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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