PennyMac Mortgage Investment Trust (NYSE:PMT) Holdings Reduced by National Asset Management Inc.

National Asset Management Inc. cut its stake in PennyMac Mortgage Investment Trust (NYSE:PMTGet Rating) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,599 shares of the real estate investment trust’s stock after selling 1,753 shares during the period. National Asset Management Inc.’s holdings in PennyMac Mortgage Investment Trust were worth $196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of PennyMac Mortgage Investment Trust by 6.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,022,501 shares of the real estate investment trust’s stock valued at $87,040,000 after acquiring an additional 305,375 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of PennyMac Mortgage Investment Trust by 98.7% in the fourth quarter. Invesco Ltd. now owns 2,230,488 shares of the real estate investment trust’s stock valued at $38,654,000 after acquiring an additional 1,107,783 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PennyMac Mortgage Investment Trust by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,029,898 shares of the real estate investment trust’s stock valued at $17,849,000 after purchasing an additional 40,236 shares during the last quarter. Alliancebernstein L.P. lifted its stake in PennyMac Mortgage Investment Trust by 10.9% during the fourth quarter. Alliancebernstein L.P. now owns 753,102 shares of the real estate investment trust’s stock valued at $13,051,000 after purchasing an additional 73,750 shares during the last quarter. Finally, Greenwich Investment Management Inc. acquired a new stake in PennyMac Mortgage Investment Trust during the fourth quarter valued at approximately $9,430,000. 70.77% of the stock is currently owned by institutional investors.

PennyMac Mortgage Investment Trust Stock Up 1.0 %

Shares of NYSE:PMT opened at $15.51 on Tuesday. PennyMac Mortgage Investment Trust has a 52 week low of $11.64 and a 52 week high of $20.72. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $1.51 billion, a PE ratio of -21.25 and a beta of 1.17. The firm has a 50 day simple moving average of $14.65 and a 200 day simple moving average of $15.64.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 14th were given a $0.47 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $1.88 dividend on an annualized basis and a yield of 12.12%. PennyMac Mortgage Investment Trust’s payout ratio is -257.53%.

Wall Street Analysts Forecast Growth

PMT has been the subject of several recent research reports. Jonestrading cut their target price on shares of PennyMac Mortgage Investment Trust from $18.50 to $18.00 in a research note on Friday, May 6th. Credit Suisse Group cut their target price on shares of PennyMac Mortgage Investment Trust to $16.50 in a research note on Friday, July 22nd. JMP Securities cut their target price on shares of PennyMac Mortgage Investment Trust from $22.00 to $18.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 26th. StockNews.com lowered shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, Piper Sandler reduced their price target on shares of PennyMac Mortgage Investment Trust from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, PennyMac Mortgage Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $17.97.

About PennyMac Mortgage Investment Trust

(Get Rating)

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds.

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

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