JPMorgan Chase & Co. Has $17.39 Million Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

JPMorgan Chase & Co. lifted its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,219,206 shares of the real estate investment trust’s stock after acquiring an additional 18,122 shares during the quarter. JPMorgan Chase & Co.’s holdings in PennyMac Mortgage Investment Trust were worth $17,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PMT. Wilmington Savings Fund Society FSB bought a new position in PennyMac Mortgage Investment Trust in the third quarter valued at about $28,000. Simplify Asset Management Inc. acquired a new position in shares of PennyMac Mortgage Investment Trust in the third quarter valued at approximately $143,000. Aigen Investment Management LP bought a new position in PennyMac Mortgage Investment Trust in the 3rd quarter valued at approximately $152,000. Caprock Group LLC raised its holdings in PennyMac Mortgage Investment Trust by 9.3% in the 3rd quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 1,156 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in PennyMac Mortgage Investment Trust during the 2nd quarter worth approximately $232,000. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush restated a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

PennyMac Mortgage Investment Trust Price Performance

PennyMac Mortgage Investment Trust stock opened at $12.41 on Friday. The stock’s 50 day moving average is $13.18 and its 200 day moving average is $13.67. PennyMac Mortgage Investment Trust has a one year low of $12.28 and a one year high of $15.22. The firm has a market cap of $1.08 billion, a P/E ratio of 9.13 and a beta of 1.50. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.41 and a quick ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings results on Tuesday, October 22nd. 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). PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. The firm had revenue of $80.86 million during the quarter, compared to analyst estimates of $93.75 million. During the same quarter last year, the firm posted $0.51 EPS. As a group, research analysts expect that PennyMac Mortgage Investment Trust will post 1.29 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, December 27th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.60 dividend on an annualized basis and a yield of 12.89%. PennyMac Mortgage Investment Trust’s payout ratio is currently 117.65%.

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.