News articles about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.9210473330899 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Technology Sector Movers- PennyMac Mortgage Investment Trust (NYSE:PMT), HFF, Inc. (NYSE:HF), Westwood … (journalfinance.net)
- Form 4 PennyMac Mortgage Invest For: Aug 31 Filed by: Sullivan Marianne (streetinsider.com)
- Marianne Sullivan Purchases 3,015 Shares of PennyMac Mortgage Investment Trust (PMT) Stock (americanbankingnews.com)
- PennyMac Mortgage Investment Trust (PMT) Expected to Post Earnings of $0.38 Per Share (americanbankingnews.com)
- Analysts Expect PennyMac Mortgage Investment Trust (PMT) Will Post Quarterly Sales of $78.05 Million (americanbankingnews.com)
Shares of NYSE:PMT traded down $0.05 during trading on Friday, hitting $20.23. The stock had a trading volume of 421,109 shares, compared to its average volume of 276,884. PennyMac Mortgage Investment Trust has a 12-month low of $14.87 and a 12-month high of $20.41. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 15.56 and a beta of 0.41. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.50.
PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.10. PennyMac Mortgage Investment Trust had a return on equity of 8.37% and a net margin of 36.14%. The firm had revenue of $82.99 million during the quarter, compared to analysts’ expectations of $70.85 million. During the same period last year, the business posted $0.38 earnings per share. equities analysts anticipate that PennyMac Mortgage Investment Trust will post 1.5 EPS for the current fiscal year.
PMT has been the subject of several recent analyst reports. Barclays raised their price target on PennyMac Mortgage Investment Trust from $15.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 25th. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, ValuEngine raised PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Friday.
In other news, CEO David Spector sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $18.62, for a total value of $130,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marianne Sullivan acquired 3,015 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Friday, August 31st. The stock was purchased at an average price of $19.95 per share, with a total value of $60,149.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 31,790 shares of company stock valued at $605,990. Company insiders own 2.46% of the company’s stock.
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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