PennyMac Mortgage Investment Trust (PMT) Projected to Post Earnings on Thursday

PennyMac Mortgage Investment Trust (NYSE:PMT) is expected to be issuing its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $90.23 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

PennyMac Mortgage Investment Trust Trading Down 0.7 %

Shares of NYSE PMT traded down $0.10 during midday trading on Tuesday, hitting $12.81. The stock had a trading volume of 301,424 shares, compared to its average volume of 692,473. The company’s 50-day simple moving average is $12.99 and its 200 day simple moving average is $13.56. The firm has a market cap of $1.11 billion, a P/E ratio of 9.43 and a beta of 1.50. PennyMac Mortgage Investment Trust has a fifty-two week low of $11.77 and a fifty-two week high of $15.22. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.41 and a quick ratio of 0.41.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.60 dividend on an annualized basis and a yield of 12.50%. PennyMac Mortgage Investment Trust’s payout ratio is presently 117.65%.

Analyst Upgrades and Downgrades

PMT has been the subject of a number of recent research reports. Wedbush reissued a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, October 24th. JMP Securities reiterated a “market outperform” rating and set a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.20.

PennyMac Mortgage Investment Trust Company 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.