PennyMac Mortgage Investment Trust (PMT) Earning Somewhat Positive Press Coverage, Report Shows

News stories about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending somewhat positive on Thursday, according to Accern. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.2954744103982 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) opened at $17.10 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $1,037.16, a P/E ratio of 11.55 and a beta of 0.49. PennyMac Mortgage Investment Trust has a 52 week low of $14.87 and a 52 week high of $18.46.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, February 8th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $93.70 million for the quarter, compared to the consensus estimate of $80.43 million. PennyMac Mortgage Investment Trust had a return on equity of 6.83% and a net margin of 34.34%. PennyMac Mortgage Investment Trust’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, December 29th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.99%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 127.03%.

PennyMac Mortgage Investment Trust declared that its Board of Directors has authorized a share buyback program on Wednesday, December 20th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

PMT has been the topic of several research analyst reports. ValuEngine lowered PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Zacks Investment Research lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.50.

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PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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