GraniteShares Advisors LLC Takes Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

GraniteShares Advisors LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 195,506 shares of the real estate investment trust’s stock, valued at approximately $2,461,000. GraniteShares Advisors LLC owned 0.23% of PennyMac Mortgage Investment Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PMT. Versant Capital Management Inc lifted its holdings in shares of PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 822 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of PennyMac Mortgage Investment Trust during the 3rd quarter valued at $28,000. Principal Securities Inc. lifted its holdings in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the 4th quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 2,288 shares during the period. Allworth Financial LP bought a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter valued at $39,000. Finally, Simplify Asset Management Inc. bought a new position in shares of PennyMac Mortgage Investment Trust during the 3rd quarter valued at $143,000. 67.38% of the stock is owned by institutional investors.

PennyMac Mortgage Investment Trust Price Performance

Shares of PennyMac Mortgage Investment Trust stock opened at $14.54 on Wednesday. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22. The stock’s fifty day moving average is $13.05 and its 200 day moving average is $13.52. The stock has a market cap of $1.26 billion, a P/E ratio of 10.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. Sell-side analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were paid a $0.40 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.60 dividend on an annualized basis and a yield of 11.01%. PennyMac Mortgage Investment Trust’s payout ratio is presently 120.30%.

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market outperform” rating and set a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, PennyMac Mortgage Investment Trust has a consensus 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.