Motiv8 Investments LLC Acquires Shares of 10,214 PennyMac Mortgage Investment Trust (NYSE:PMT)

Motiv8 Investments LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) during the fourth quarter, Holdings Channel.com reports. The firm purchased 10,214 shares of the real estate investment trust’s stock, valued at approximately $129,000.

Other hedge funds have also made changes to their positions in the company. K2 Principal Fund L.P. acquired a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter valued at $5,841,000. International Assets Investment Management LLC raised its position in PennyMac Mortgage Investment Trust by 1,607.2% during the third quarter. International Assets Investment Management LLC now owns 367,908 shares of the real estate investment trust’s stock valued at $5,246,000 after buying an additional 346,358 shares during the period. Wolverine Asset Management LLC lifted its stake in PennyMac Mortgage Investment Trust by 105.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 461,323 shares of the real estate investment trust’s stock worth $6,578,000 after acquiring an additional 237,210 shares in the last quarter. GraniteShares Advisors LLC purchased a new stake in PennyMac Mortgage Investment Trust in the 4th quarter worth about $2,461,000. Finally, Citigroup Inc. boosted its position in PennyMac Mortgage Investment Trust by 43.2% during the 3rd quarter. Citigroup Inc. now owns 407,660 shares of the real estate investment trust’s stock worth $5,813,000 after acquiring an additional 123,079 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Trading Down 0.6 %

Shares of NYSE PMT opened at $14.44 on Thursday. The business has a 50 day simple moving average of $13.08 and a 200 day simple moving average of $13.52. PennyMac Mortgage Investment Trust has a 52 week low of $11.77 and a 52 week high of $15.22. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 10.86 and a beta of 1.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. On average, research analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend was Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 120.30%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and issued a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.20.

PennyMac Mortgage Investment Trust 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.