Headlines about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.8629295217822 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of PennyMac Mortgage Investment Trust (PMT) opened at $16.02 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $1,049.74, a P/E ratio of 11.27 and a beta of 0.52. PennyMac Mortgage Investment Trust has a 52 week low of $14.87 and a 52 week high of $18.46.
PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.18). The business had revenue of $75.80 million during the quarter, compared to the consensus estimate of $81.72 million. PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. PennyMac Mortgage Investment Trust’s quarterly revenue was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.32 EPS for the current fiscal year.
Several research firms recently issued reports on PMT. BidaskClub upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, November 30th. Finally, Keefe, Bruyette & Woods lowered PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $19.00 to $18.00 in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.50.
In other PennyMac Mortgage Investment Trust news, insider David Spector sold 18,750 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $17.61, for a total value of $330,187.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 75,000 shares of company stock worth $1,299,563 in the last 90 days. Corporate insiders own 2.08% 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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