Russell Investments Group Ltd. Purchases Shares of 68,321 PennyMac Mortgage Investment Trust (PMT)

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Russell Investments Group Ltd. purchased a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 68,321 shares of the real estate investment trust’s stock, valued at approximately $1,372,000. Russell Investments Group Ltd. owned about 0.11% of PennyMac Mortgage Investment Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centaurus Financial Inc. bought a new stake in PennyMac Mortgage Investment Trust in the second quarter valued at approximately $220,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in PennyMac Mortgage Investment Trust in the second quarter valued at approximately $245,000. Crossmark Global Holdings Inc. bought a new stake in PennyMac Mortgage Investment Trust in the second quarter valued at approximately $281,000. Raymond James & Associates increased its stake in PennyMac Mortgage Investment Trust by 42.2% in the second quarter. Raymond James & Associates now owns 14,925 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 4,431 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in PennyMac Mortgage Investment Trust in the second quarter valued at approximately $340,000. 68.10% of the stock is owned by institutional investors and hedge funds.

Shares of PMT stock opened at $21.29 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.44. PennyMac Mortgage Investment Trust has a 12-month low of $15.44 and a 12-month high of $21.35. The firm has a market cap of $1.29 billion, a PE ratio of 12.07, a P/E/G ratio of 2.53 and a beta of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.25. PennyMac Mortgage Investment Trust had a net margin of 40.40% and a return on equity of 10.64%. The company had revenue of $108.50 million during the quarter, compared to the consensus estimate of $121.87 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue was up 43.1% compared to the same quarter last year. On average, research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.68 EPS for the current fiscal year.

PMT has been the subject of several recent analyst reports. ValuEngine raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. JMP Securities upped their target price on shares of PennyMac Mortgage Investment Trust from $20.00 to $21.00 and gave the company a “market outperform” rating in a research note on Friday, November 2nd. Wells Fargo & Co initiated coverage on shares of PennyMac Mortgage Investment Trust in a research note on Tuesday, September 18th. They issued a “market perform” rating and a $20.00 target price for the company. Finally, Credit Suisse Group upped their target price on shares of PennyMac Mortgage Investment Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, September 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. PennyMac Mortgage Investment Trust currently has an average rating of “Buy” and a consensus price target of $20.40.

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About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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Russell Investments Group Ltd. Purchases Shares of 68,321 PennyMac Mortgage Investment Trust
Russell Investments Group Ltd. Purchases Shares of 68,321 PennyMac Mortgage Investment Trust


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