• Home
  • Finance
  • PennyMac Mortgage Investment Trust (NYSE:PMT) Receives Average “Buy” Rating from Analysts

PennyMac Mortgage Investment Trust (NYSE:PMT) Receives Average “Buy” Rating from Analysts

By on June 19, 2022 0

PennyMac Mortgage Investment Trust (NYSE: PMT – Get a rating) received an average “Buy” recommendation from the ten analysts who currently cover the company, Marketbeat.com reports. Three investment analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The average 1-year target price among brokers who have reported on the stock in the past year is $18.72.

A number of research companies have weighed in on PMT recently. JMP Securities lowered its price target on PennyMac Mortgage Investment Trust shares from $22.00 to $18.00 and set a “market outperformance” rating on the stock in a Tuesday, April 26 research report . Jonestrading lowered its price target on PennyMac Mortgage Investment Trust shares from $18.50 to $18.00 in a Friday, May 6 research report. TheStreet downgraded shares of PennyMac Mortgage Investment Trust from a “c-” rating to a “d” rating in a research report on Friday, May 6. StockNews.com upgraded shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Piper Sandler lowered her price target on PennyMac Mortgage Investment Trust shares from $19.00 to $18.50 and set an “overweight” rating on the stock in a Tuesday, April 5 research report.

(A d)

Whether you’re looking to learn the basics of futures or you’re a seasoned veteran looking to hone your trading skills, our technical analysis guide has everything you need to succeed in today’s futures markets. today!

NYSE: PMT opened at $12.40 on Friday. The company’s fifty-day moving average price is $15.40 and its 200-day moving average price is $16.44. PennyMac Mortgage Investment Trust has a 1-year minimum of $11.64 and a 1-year maximum of $21.53. The company has a debt ratio of 1.38, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $1.21 billion, a price-earnings ratio of -16.99 and a beta of 1.10.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 28. Shareholders of record on Thursday, July 14 will receive a dividend of $0.47 per share. This represents an annualized dividend of $1.88 and a dividend yield of 15.16%. The ex-date of this dividend is Wednesday, July 13. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently -257.53%.

Several large investors have recently increased or reduced their stake in the company. Steward Partners Investment Advisory LLC increased its stake in PennyMac Mortgage Investment Trust by 1,116.7% in Q4. Steward Partners Investment Advisory LLC now owns 3,650 shares of the real estate investment trust worth $63,000 after buying 3,350 additional shares in the last quarter. Selective Wealth Management Inc. acquired a new position in PennyMac Mortgage Investment Trust in Q1 worth approximately $62,000. Samalin Investment Counsel LLC increased its stake in PennyMac Mortgage Investment Trust by 119.9% ​​in Q1. Samalin Investment Counsel LLC now owns 5,198 shares of the real estate investment trust worth $88,000 after buying 2,834 additional shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in PennyMac Mortgage Investment Trust by 181.1% in Q1. Catalyst Capital Advisors LLC now owns 5,340 shares of the real estate investment trust worth $90,000 after purchasing 3,440 additional shares during the period. Finally, Capital Square LLC purchased a new stake in PennyMac Mortgage Investment Trust in Q4, valued at approximately $189,000. 70.77% of the shares are held by institutional investors and hedge funds.

About PennyMac Mortgage Investment Trust (Get a rating)

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in mortgage-related assets in the United States. The Company’s Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate and subordinated non-agency bonds.

Read more

Analyst Recommendations for PennyMac Mortgage Investment Trust (NYSE:PMT)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in PennyMac Mortgage Investment Trust right now?

Before you consider PennyMac Mortgage Investment Trust, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and PennyMac Mortgage Investment Trust didn’t make the list.

Although PennyMac Mortgage Investment Trust currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

  Finance