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

PennyMac Mortgage Investment Trust (NYSE:PMT) is projected to issue 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. Parties interested in participating in the company’s conference call can do so using this link.

PennyMac Mortgage Investment Trust Stock Performance

Shares of NYSE PMT traded down $0.05 during trading on Tuesday, hitting $12.86. The company had a trading volume of 290,879 shares, compared to its average volume of 691,634. The stock has a 50 day simple moving average of $12.99 and a 200 day simple moving average of $13.56. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.41 and a current ratio of 0.41. PennyMac Mortgage Investment Trust has a 12 month low of $11.77 and a 12 month high of $15.22. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.44 and a beta of 1.50.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, December 27th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 12.45%. The ex-dividend date was Friday, December 27th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 117.65%.

Analyst Ratings Changes

PMT has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research report 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.20.

About PennyMac Mortgage Investment Trust

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.