PennyMac Mortgage Investment Trust (PMT) Scheduled to Post Quarterly Earnings on Tuesday

PennyMac Mortgage Investment Trust (NYSE:PMT) is set to announce its earnings results after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.34 per share for the quarter.

PennyMac Mortgage Investment Trust Price Performance

Shares of NYSE PMT opened at $14.72 on Wednesday. The stock has a market capitalization of $1.28 billion, a PE ratio of 9.81 and a beta of 1.51. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.34 and a quick ratio of 0.34. The business has a fifty day moving average price of $14.00 and a two-hundred day moving average price of $14.15. PennyMac Mortgage Investment Trust has a fifty-two week low of $10.52 and a fifty-two week high of $15.89.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.87%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 106.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PMT shares. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 18th. Piper Sandler reissued a “neutral” rating and set a $15.00 price target (up previously from $14.50) on shares of PennyMac Mortgage Investment Trust in a report on Thursday, May 9th. Keefe, Bruyette & Woods raised PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $15.00 to $15.50 in a report on Wednesday, July 10th. Finally, Wedbush reissued a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.00.

PennyMac Mortgage Investment Trust Company Profile

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.