Analysts forecast that PennyMac Mortgage Investment Trust (NYSE:PMT) will announce sales of $165.90 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for PennyMac Mortgage Investment Trust’s earnings, with the highest sales estimate coming in at $171.80 million and the lowest estimate coming in at $160.00 million. PennyMac Mortgage Investment Trust posted sales of $221.01 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 24.9%. The firm is expected to issue its next earnings report on Thursday, November 4th.
On average, analysts expect that PennyMac Mortgage Investment Trust will report full year sales of $677.80 million for the current financial year, with estimates ranging from $629.00 million to $726.60 million. For the next financial year, analysts expect that the firm will report sales of $667.05 million, with estimates ranging from $613.00 million to $721.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow PennyMac Mortgage Investment Trust.
PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its earnings results on Thursday, August 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.25). PennyMac Mortgage Investment Trust had a return on equity of 14.15% and a net margin of 38.61%.
Shares of PMT stock opened at $19.83 on Wednesday. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.32 and a beta of 1.15. PennyMac Mortgage Investment Trust has a 1-year low of $14.79 and a 1-year high of $21.53. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $19.48 and its 200-day simple moving average is $19.72.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 29th. Investors of record on Thursday, July 15th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.48%. The ex-dividend date of this dividend was Wednesday, July 14th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 696.30%.
Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in shares of PennyMac Mortgage Investment Trust in the 2nd quarter valued at about $25,000. Samalin Investment Counsel LLC acquired a new stake in PennyMac Mortgage Investment Trust in the 2nd quarter valued at about $37,000. Catalyst Capital Advisors LLC lifted its position in PennyMac Mortgage Investment Trust by 48.8% during the first quarter. Catalyst Capital Advisors LLC now owns 1,830 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 600 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in PennyMac Mortgage Investment Trust during the second quarter worth approximately $42,000. Finally, Pinz Capital Management LP acquired a new stake in PennyMac Mortgage Investment Trust during the second quarter worth approximately $101,000. Hedge funds and other institutional investors own 70.67% of the company’s stock.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets.
Read More: Hold Rating
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