PennyMac Mortgage Investment Trust (PMT) Given News Impact Score of 0.13

News articles about PennyMac Mortgage Investment Trust (NYSE:PMT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.9345830315082 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

PMT has been the topic of several analyst reports. Zacks Investment Research lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. 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 assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.50.

PennyMac Mortgage Investment Trust (PMT) traded up $0.16 on Wednesday, reaching $17.74. The company’s stock had a trading volume of 520,180 shares, compared to its average volume of 1,340,000. PennyMac Mortgage Investment Trust has a 52 week low of $14.87 and a 52 week high of $18.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $1,160.00, a price-to-earnings ratio of 14.31 and a beta of 0.45.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, February 8th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). PennyMac Mortgage Investment Trust had a net margin of 34.34% and a return on equity of 7.03%. The company had revenue of $93.70 million during the quarter, compared to analysts’ expectations of $80.43 million. During the same quarter last year, the firm earned $0.44 EPS. PennyMac Mortgage Investment Trust’s revenue for the quarter was up 36.0% on a year-over-year basis. research analysts predict that PennyMac Mortgage Investment Trust will post 1.59 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust announced that its Board of Directors has authorized a share buyback program on Wednesday, December 20th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, CFO Andrew S. Chang sold 1,899 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $17.30, for a total transaction of $32,852.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Spector sold 18,846 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $17.30, for a total value of $326,035.80. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 15,259 shares of company stock worth $261,900 and have sold 32,368 shares worth $560,050. 2.08% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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