Economy

PennyMac Mortgage Investment Trust (NYSE:PMT) Under Analyst Spotlight

The Valinor Management Llc holds 1.71M shares with $87.94 million value, down from 1.84 million last quarter. Medtronic Plc now has $107.70B valuation.

The stock increased 0.57% or $0.1 on October 5, reaching $17.74. On average, equities analysts anticipate that PennyMac Mortgage Investment Trust will post $1.64 earnings per share for the current fiscal year. PMT was included in 2 notes of analysts from October 6, 2016.

10/10/2014 - Piper Jaffray began new coverage on PennyMac Mortgage Investment Trust giving the company a "neutral" rating. About 467,934 shares traded. Below is a list of New York Mortgage Trust Inc (NASDAQ:NYMT) latest ratings and price target changes. It has underperformed by 7.59% the S&P500. We have $6.04 PT which if reached, will make NASDAQ:NYMT worth $20.90M less.

PennyMac Mortgage Investment Trust (PMT) opened at 17.55 on Thursday. They expect $-0.11 EPS, down 120.00% or $0.06 from last year's $-0.05 per share. PMT's profit will be $27.50 million for 10.82 P/E if the $0.41 EPS becomes a reality. The legal version of this report can be read at https://weekherald.com/2017/10/07/two-harbors-investment-corp-purchases-8166-shares-of-granite-point-mortgage-trust-inc-gpmt-stock.html.

Investors sentiment decreased to 1.21 in 2017 Q2. With short interest at 1,171,539 and short average daily volume at 319,417, days to cover is 4.0 and the short interest percentage is 0.02% as of August 31. It is negative, as 13 investors sold New York Mortgage Trust Inc shares while 29 reduced holdings. Brandywine Global Invest Mgmt Llc holds 0% of its portfolio in YuMe Inc (NYSE:YUME) for 18,293 shares. The New York-based Alliancebernstein Ltd Partnership has invested 0% in Banner Corporation (NASDAQ:BANR). Additionally New York Mortgage Trust, Inc. - declared a dividend for shareholders which will be paid on Sunday the 15th of October 2017. Sei Invs Company owns 23,931 shares. 138,113 are owned by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt. Public Employees Retirement System of OH boosted its stake in shares of PennyMac Mortgage Investment Trust by 4.4% in the second quarter. Raymond James Advisors Inc holds 0% or 16,473 shares. Paradigm Asset Limited Liability owns 700 shares for 0% of their portfolio. Quantbot Techs Ltd Partnership has invested 0.01% in New York Mortgage Trust Inc (NASDAQ:NYMT). Teacher Retirement Of Texas invested in 4,593 shares or 0% of the stock. Renaissance Tech Ltd has invested 0% in New York Mortgage Trust Inc (NASDAQ:NYMT). Parkside Natl Bank has invested 0% in Banner Corporation (NASDAQ:BANR). Two Sigma Ltd, New York-based fund reported 20,664 shares. Tirschwell & Loewy reported 304,675 shares or 2.45% of all its holdings.

According to Zacks, "PennyMac Mortgage Investment Trust is a real estate investment trust". It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans. It has a 12.63 P/E ratio. The Company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of PennyMac Mortgage Investment Trust (NYSE:PMT). Therefore 57% are positive.

Separately, BidaskClub raised PennyMac Mortgage Investment Trust from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 5th. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) earned "Neutral" rating by Wedbush on Thursday, October 6. On Friday, August 4 the stock rating was maintained by Maxim Group with "Buy". The stock has "Hold" rating by Oppenheimer on Friday, August 4. Wood maintained it with "Market Perform" rating and $6.75 target in Tuesday, August 9 report. Barclays Capital has "Overweight" rating and $21 target. As per Thursday, February 25, the company rating was maintained by Deutsche Bank. Barclays Capital maintained New York Mortgage Trust Inc (NASDAQ:NYMT) rating on Tuesday, November 10. Therefore 50% are positive. YuMe had 9 analyst reports since August 11, 2015 according to SRatingsIntel. Evercore upgraded the stock to "Buy" rating in Thursday, October 8 report. The firm has "Buy" rating given on Monday, July 27 by Compass Point.

Among 5 analysts covering YuMe (NYSE:YUME), 1 have Buy rating, 2 Sell and 2 Hold. The company was maintained on Monday, May 29 by Keefe Bruyette & Woods. The firm has "Buy" rating by Needham given on Friday, August 26. Ativo Capital Management Llc owns 131,138 shares or 0.22% of their U.S. portfolio. The dividend will be $0.475 per share for the quarter which is $1.90 annualized. Tjx Cos Inc New (NYSE:TJX) was raised too.



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