PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) issued its earnings results on Tuesday. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01), Yahoo Finance reports. The firm had revenue of $80.86 million during the quarter, compared to analyst estimates of $93.75 million. PennyMac Mortgage Investment Trust had a net margin of 53.81% and a return on equity of 11.86%. During the same quarter in the prior year, the firm posted $0.51 EPS.
PennyMac Mortgage Investment Trust Trading Up 2.0 %
Shares of NYSE PMT traded up $0.28 during mid-day trading on Thursday, hitting $13.80. The company’s stock had a trading volume of 1,043,754 shares, compared to its average volume of 732,666. PennyMac Mortgage Investment Trust has a one year low of $10.52 and a one year high of $15.89. The company’s fifty day simple moving average is $14.04 and its 200-day simple moving average is $13.97. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 10.14 and a beta of 1.51.
PennyMac Mortgage Investment Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a yield of 11.60%. PennyMac Mortgage Investment Trust’s payout ratio is presently 117.65%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on PennyMac Mortgage Investment Trust
Insider Buying and Selling
In other news, Director Doug Jones sold 37,010 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.01, for a total value of $518,510.10. Following the transaction, the director now directly owns 49,114 shares in the company, valued at $688,087.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 2,879 shares of company stock valued at $39,028 over the last ninety days. Insiders own 0.89% of the company’s stock.
About PennyMac Mortgage Investment Trust
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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