PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01), Yahoo Finance reports. The firm had revenue of $80.86 million during the quarter, compared to the consensus estimate of $93.75 million. PennyMac Mortgage Investment Trust had a return on equity of 13.29% and a net margin of 47.60%. During the same quarter in the previous year, the firm earned $0.51 EPS.
PennyMac Mortgage Investment Trust Price Performance
PMT stock traded down $0.12 during midday trading on Wednesday, hitting $13.55. The company’s stock had a trading volume of 177,196 shares, compared to its average volume of 726,479. PennyMac Mortgage Investment Trust has a 12 month low of $10.52 and a 12 month high of $15.89. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 9.05 and a beta of 1.51. The company has a 50 day moving average of $14.04 and a two-hundred day moving average of $13.98.
PennyMac Mortgage Investment Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a $0.40 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.60 annualized dividend and a yield of 11.81%. PennyMac Mortgage Investment Trust’s payout ratio is 105.96%.
Analysts Set New Price Targets
Get Our Latest Research Report on PennyMac Mortgage Investment Trust
Insiders Place Their Bets
In other news, Director Doug Jones sold 37,010 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.01, for a total transaction of $518,510.10. Following the completion of the transaction, the director now directly owns 49,114 shares in the company, valued at approximately $688,087.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 2,879 shares of company stock worth $39,028 in the last three months. 0.89% of the stock is owned by company insiders.
PennyMac Mortgage Investment Trust Company Profile
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.
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