Hsbc Holdings PLC Purchases Shares of 57,541 PennyMac Mortgage Investment Trust (NYSE:PMT)

Hsbc Holdings PLC bought a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 57,541 shares of the real estate investment trust’s stock, valued at approximately $1,071,000. Hsbc Holdings PLC owned approximately 0.09% of PennyMac Mortgage Investment Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in PennyMac Mortgage Investment Trust by 2.1% in the fourth quarter. BlackRock Inc. now owns 10,456,171 shares of the real estate investment trust’s stock valued at $194,694,000 after purchasing an additional 216,376 shares in the last quarter. Vanguard Group Inc. raised its stake in PennyMac Mortgage Investment Trust by 1.7% in the third quarter. Vanguard Group Inc. now owns 5,762,227 shares of the real estate investment trust’s stock valued at $116,628,000 after purchasing an additional 95,374 shares in the last quarter. Vanguard Group Inc raised its stake in PennyMac Mortgage Investment Trust by 1.7% in the third quarter. Vanguard Group Inc now owns 5,762,227 shares of the real estate investment trust’s stock valued at $116,628,000 after purchasing an additional 95,374 shares in the last quarter. LSV Asset Management raised its stake in PennyMac Mortgage Investment Trust by 2.5% in the fourth quarter. LSV Asset Management now owns 1,370,710 shares of the real estate investment trust’s stock valued at $25,522,000 after purchasing an additional 33,474 shares in the last quarter. Finally, Citigroup Inc. grew its position in PennyMac Mortgage Investment Trust by 0.7% during the fourth quarter. Citigroup Inc. now owns 1,148,832 shares of the real estate investment trust’s stock valued at $21,391,000 after acquiring an additional 7,657 shares during the last quarter. 66.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of PennyMac Mortgage Investment Trust stock traded down $0.07 on Monday, hitting $20.85. The stock had a trading volume of 237,647 shares, compared to its average volume of 608,964. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.40 and a current ratio of 0.40. PennyMac Mortgage Investment Trust has a one year low of $17.19 and a one year high of $21.42. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 2.37 and a beta of 0.60.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its earnings results on Thursday, February 7th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.14. PennyMac Mortgage Investment Trust had a net margin of 43.52% and a return on equity of 12.19%. The firm had revenue of $83.90 million for the quarter, compared to analysts’ expectations of $138.40 million. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Friday, April 12th. PennyMac Mortgage Investment Trust’s dividend payout ratio is 94.47%.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Barclays set a $21.00 price target on shares of PennyMac Mortgage Investment Trust and gave the company a “hold” rating in a research report on Thursday, March 7th. Keefe, Bruyette & Woods upgraded shares of PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $22.00 to $23.00 in a research report on Sunday, February 24th. Nomura assumed coverage on shares of PennyMac Mortgage Investment Trust in a research report on Wednesday, March 27th. They set a “buy” rating and a $23.00 price target on the stock. Finally, ValuEngine upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $21.86.

In related news, Director Scott W. Carnahan sold 5,721 shares of PennyMac Mortgage Investment Trust stock in a transaction on Friday, March 15th. The shares were sold at an average price of $20.75, for a total value of $118,710.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Spector sold 35,000 shares of PennyMac Mortgage Investment Trust stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $20.61, for a total transaction of $721,350.00. The disclosure for this sale can be found here. 2.46% of the stock is currently owned by company insiders.

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PennyMac Mortgage Investment Trust 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).

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

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