Media stories about PennyMac Mortgage Investment Trust (NYSE:PMT) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PennyMac Mortgage Investment Trust earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.9042576702036 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
PennyMac Mortgage Investment Trust (PMT) opened at $17.58 on Wednesday. The stock has a market capitalization of $1,069.55, a P/E ratio of 11.88 and a beta of 0.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.90 and a current ratio of 0.90. PennyMac Mortgage Investment Trust has a 12 month low of $14.87 and a 12 month high of $18.46.
PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). PennyMac Mortgage Investment Trust had a return on equity of 7.03% and a net margin of 34.34%. The firm had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $80.43 million. During the same quarter in the prior year, the business earned $0.44 EPS. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. analysts expect that PennyMac Mortgage Investment Trust will post 1.59 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 27th. ValuEngine upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and an average target price of $18.50.
In related news, Director Marianne Sullivan bought 2,651 shares of the stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $16.86 per share, for a total transaction of $44,695.86. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew S. Chang sold 1,899 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $17.30, for a total value of $32,852.70. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 15,259 shares of company stock worth $261,900 and sold 32,368 shares worth $560,050. Company insiders own 2.08% of the company’s stock.
WARNING: This article was originally reported by BBNS and is owned by of BBNS. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://baseballnewssource.com/2018/03/14/pennymac-mortgage-investment-trust-pmt-earns-daily-media-impact-score-of-0-11/1971649.html.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.
Receive News & Ratings for PennyMac Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.