Campbell & CO Investment Adviser LLC Sells 5,218 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Campbell & CO Investment Adviser LLC reduced its stake in PennyMac Mortgage Investment Trust (NYSE:PMT) by 26.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,768 shares of the real estate investment trust’s stock after selling 5,218 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in PennyMac Mortgage Investment Trust were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its position in PennyMac Mortgage Investment Trust by 97.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,021 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,000 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in PennyMac Mortgage Investment Trust during the 2nd quarter worth approximately $45,000. NEXT Financial Group Inc grew its position in PennyMac Mortgage Investment Trust by 334.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,756 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 2,121 shares during the last quarter. Signaturefd LLC grew its position in PennyMac Mortgage Investment Trust by 229.1% during the 2nd quarter. Signaturefd LLC now owns 2,873 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its position in PennyMac Mortgage Investment Trust by 2,028.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 6,001 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 5,719 shares during the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.

PMT has been the topic of a number of research analyst reports. Zacks Investment Research lowered PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Bank of America initiated coverage on PennyMac Mortgage Investment Trust in a research report on Monday, September 23rd. They set a “buy” rating and a $23.00 price target on the stock. Deutsche Bank initiated coverage on PennyMac Mortgage Investment Trust in a research report on Friday, October 11th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Wedbush restated a “neutral” rating on shares of PennyMac Mortgage Investment Trust in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.88.

Shares of PMT opened at $22.50 on Friday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 2.03 and a beta of 0.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. The business’s fifty day moving average price is $22.18 and its two-hundred day moving average price is $21.70. PennyMac Mortgage Investment Trust has a 52 week low of $17.88 and a 52 week high of $22.74.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The firm had revenue of $96.40 million for the quarter, compared to analyst estimates of $104.95 million. PennyMac Mortgage Investment Trust had a return on equity of 13.29% and a net margin of 47.03%. During the same period last year, the company earned $0.70 EPS. As a group, research analysts forecast that PennyMac Mortgage Investment Trust will post 2.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Monday, October 14th will be given a $0.47 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.88 dividend on an annualized basis and a yield of 8.36%. PennyMac Mortgage Investment Trust’s payout ratio is 94.47%.

PennyMac Mortgage Investment Trust Company Profile

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).

See Also: Special Dividends

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

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