Dividend Report: PennyMac Mortgage Investment Trust (NYSE:PMT) expected to pay $0.47 on Oct 27, 2016

Dividend Report: PennyMac Mortgage Investment Trust (NYSE:PMT) expected to pay $0.47 on Oct 27, 2016

PennyMac Mortgage Investment Trust (NYSE:PMT) is expected to pay $0.47 on Oct 27, 2016. The indicated annual dividend is $1.88. Shareholders owning the stock before Oct 5, 2016 will be eligible to receive the payout. Based on PennyMac Mortgage Investment Trust’s current price of $15.32, the dividend is 3.07%. This dividend’s record date is Oct 7, 2016 and the announcement date is Sep 27, 2016. The stock decreased 1.67% or $0.26 on October 3, hitting $15.32. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 16.41% since March 1, 2016 and is uptrending. It has outperformed by 7.17% the S&P500.

PennyMac Mortgage Investment Trust is a specialty finance firm that invests primarily in residential mortgage loans and mortgage-related assets. The company has a market cap of $1.03 billion. The Firm conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. It has a 20.13 P/E ratio. It operates through two divisions: correspondent production and investment activities.

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.07, from 0.93 in 2016Q1. The ratio increased, as 18 funds sold all PennyMac Mortgage Investment Trust shares owned while 49 reduced positions. 22 funds bought stakes while 45 increased positions. They now own 41.63 million shares or 5.68% less from 44.14 million shares in 2016Q1.
Whittier Co Of Nevada holds 0% or 830 shares in its portfolio. Wellington Management Grp Limited Liability Partnership, a Massachusetts-based fund reported 99,843 shares. Barclays Public Lc accumulated 164,929 shares or 0% of the stock. Moreover, Nwq Lc has 0.16% invested in PennyMac Mortgage Investment Trust (NYSE:PMT) for 586,853 shares. Adams Diversified Equity Fund, a Maryland-based fund reported 26,000 shares. Oppenheimer And has 0.01% invested in the company for 22,851 shares. First Tru Advsr Limited Partnership accumulated 99,108 shares or 0.01% of the stock. Entrustpermal Management Lc holds 1.24% or 152,500 shares in its portfolio. First Mercantile Trust last reported 0.07% of its portfolio in the stock. The New Jersey-based Prudential Financial has invested 0.02% in PennyMac Mortgage Investment Trust (NYSE:PMT). Smith Graham Investment Advsrs L P last reported 296,483 shares in the company. Comml Bank Of New York Mellon holds 0% or 382,797 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 0% or 48,515 shares. Deere And owns 42,717 shares or 0.04% of their US portfolio. Clough Capital Prns Lp holds 0.57% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT) for 659,173 shares.

PennyMac Mortgage Investment Trust (NYSE:PMT) Ratings Coverage

Out of 8 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. PennyMac Mortgage Investment Trust has been the topic of 12 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The rating was initiated by Barclays Capital with “Overweight” on Thursday, December 10. JMP Securities maintained PennyMac Mortgage Investment Trust (NYSE:PMT) rating on Wednesday, March 9. JMP Securities has “Market Outperform” rating and $16.50 price target. Compass Point maintained it with “Buy” rating and $19.50 target price in Thursday, August 6 report. The rating was upgraded by Compass Point to “Buy” on Monday, July 27. The rating was maintained by Wood with “Outperform” on Monday, June 13. The firm has “Market Perform” rating by Wells Fargo given on Thursday, February 4. The company was downgraded on Friday, February 5 by Barclays Capital. Citigroup downgraded PennyMac Mortgage Investment Trust (NYSE:PMT) rating on Friday, August 7. Citigroup has “Neutral” rating and $16 price target.

More notable recent PennyMac Mortgage Investment Trust (NYSE:PMT) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Pennymac Mortgage Investment Trust, New York REIT and …” on October 03, 2016, also Finance.Yahoo.com with their article: “PennyMac Mortgage Investment Trust Declares Third Quarter 2016 Dividend” published on September 26, 2016, Finance.Yahoo.com published: “PennyMac Mortgage Investment Trust to Present at the Barclays Global Financial …” on September 09, 2016. More interesting news about PennyMac Mortgage Investment Trust (NYSE:PMT) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Pennymac Mortgage Investment Trust, Aetna and Clarcor” published on July 08, 2016 as well as Businesswire.com‘s news article titled: “PennyMac Mortgage Investment Trust Reports 2016 Second Quarter Results” with publication date: August 03, 2016.

PMT Company Profile

PennyMac Mortgage Investment Trust (PMT), incorporated on May 18, 2009, is a specialty finance firm that invests primarily in residential mortgage loans and mortgage-related assets. The Firm conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries. The Firm operates through two divisions: correspondent production and investment activities. The correspondent production segment represents the Company’s activities aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing, pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities (MBS), using the services of PNMAC Capital Management (the Manager or PCM) and PennyMac Loan Services, LLC (PLS or the Servicer), both indirect subsidiaries of PennyMac Financial Services, Inc. (PFSI or PennyMac).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment