Equities analysts expect that PennyMac Mortgage Investment Trust (NYSE:PMT) will announce earnings of $0.51 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for PennyMac Mortgage Investment Trust’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.55. PennyMac Mortgage Investment Trust reported earnings per share of $0.62 in the same quarter last year, which indicates a negative year-over-year growth rate of 17.7%. The business is scheduled to announce its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that PennyMac Mortgage Investment Trust will report full year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.15 to $2.28. For the next fiscal year, analysts anticipate that the business will post earnings of $2.21 per share, with EPS estimates ranging from $2.06 to $2.46. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover PennyMac Mortgage Investment Trust.
PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The business had revenue of $96.40 million during the quarter, compared to the consensus estimate of $104.95 million. PennyMac Mortgage Investment Trust had a return on equity of 13.29% and a net margin of 47.03%. During the same period in the prior year, the company posted $0.70 EPS.
Shares of PMT stock opened at $21.91 on Friday. The stock has a 50 day moving average of $22.04 and a 200 day moving average of $21.27. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.74 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.99 and a beta of 0.60. PennyMac Mortgage Investment Trust has a twelve month low of $17.88 and a twelve month high of $22.62.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 30th. Investors of record on Monday, July 15th were issued a $0.47 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.88 annualized dividend and a dividend yield of 8.58%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 94.47%.
In other PennyMac Mortgage Investment Trust news, insider Jeffrey Grogin sold 1,862 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $18.69, for a total transaction of $34,800.78. Following the sale, the insider now owns 36,642 shares in the company, valued at approximately $684,838.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.45% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its holdings in shares of PennyMac Mortgage Investment Trust by 97.9% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,021 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 1,000 shares during the period. Valeo Financial Advisors LLC bought a new stake in PennyMac Mortgage Investment Trust in the second quarter valued at about $45,000. NEXT Financial Group Inc increased its holdings in PennyMac Mortgage Investment Trust by 334.0% in the second quarter. NEXT Financial Group Inc now owns 2,756 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 2,121 shares during the last quarter. Signaturefd LLC increased its holdings in PennyMac Mortgage Investment Trust by 229.1% in the second quarter. Signaturefd LLC now owns 2,873 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 2,000 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in PennyMac Mortgage Investment Trust by 2,028.0% in the second quarter. Point72 Hong Kong Ltd now owns 6,001 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 5,719 shares during the last quarter. Institutional investors and hedge funds own 66.11% of the company’s stock.
PennyMac Mortgage Investment Trust Company Profile
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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