Economy

PennyMac Mortgage Investment Trust (PMT) Insider Sells $330187.50 in Stock

Zacks Investment Research upgraded shares of PennyMac Mortgage Investment Trust (NYSE:PMT) from a sell rating to a hold rating in a research note issued to investors on Thursday, October 5th.

AG Mortgage Investment Trust, Inc., launched on March 1, 2011, is a real estate investment trust (REIT). The Firm is a long-term, fundamental value-oriented investor. The Company focuses on investing in mortgage loans, a substantial portion of which may be distressed and acquired at discounts to their unpaid principal balances.

08/07/2015 - PennyMac Mortgage Investment Trust was downgraded to "neutral" by analysts at Citigroup.

Keefe, Bruyette & Woods lowered shares of PennyMac Mortgage Investment Trust (NYSE:PMT) from an outperform rating to a market perform rating in a report issued on Tuesday morning, MarketBeat.com reports.

Among 3 analysts covering Evolving Systems (NASDAQ:EVOL), 1 have Buy rating, 0 Sell and 2 Hold. They set an overweight rating and a $20.00 price target on the stock. About 765,117 shares traded. The stock's market capitalization is 1.13B. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 18.22% since October 14, 2016 and is uptrending.

AG Mortgage Investment Trust, Inc. has a 50 day moving average of 19.31 and a 200 day moving average of 18.77. New York Mortgage Trust had 15 analyst reports since August 6, 2015 according to SRatingsIntel. PMT's profit would be $27.33 million giving it 10.34 P/E if the $0.41 EPS is correct. The firm had revenue of $83.96 million during the quarter, compared to analysts' expectations of $80.12 million. 359940 shares were traded on PennyMac Mortgage Investment Trust's last session.

02/05/2016 - PennyMac Mortgage Investment Trust was downgraded to "equal-weight" by analysts at Barclays. Wealthtrust Axiom Ltd Limited Liability Company accumulated 0.11% or 47,000 shares. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and global copyright & trademark law. The original version of this piece can be viewed at https://stocknewstimes.com/2017/10/14/pennymac-mortgage-investment-trust-pmt-lifted-to-hold-at-zacks-investment-research.html.

The company is trading down since yesterday's close of 24.98. The stock decreased 0.26% or $0.05 on October 13, reaching $18.9. The ex-dividend date is Thursday, October 12th. The dividend payment will be $0.493 per share for the quarter which is $1.97 annualized. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. They now have a Dollars 18 price target on the stock. Keefe, Bruyette & Woods now has $18.00 price objective on the real estate investment trust's stock, down from their previous price objective of $19.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 28 funds opened positions while 45 raised stakes.

Analysts expect New York Mortgage Trust Inc (NASDAQ:NYMT) to report $0.14 EPS on November, 7.They anticipate $0.04 EPS change or 22.22% from last quarter's $0.18 EPS. Cipher Capital LP now owns 233,707 shares of the real estate investment trust's stock valued at $4,274,000 after purchasing an additional 47,900 shares in the last quarter. Public Employees Retirement System of OH now owns 7,207 shares of the real estate investment trust's stock valued at $132,000 after buying an additional 304 shares in the last quarter. IndexIQ Advisors LLC now owns 77,310 shares of the real estate investment trust's stock valued at $1,414,000 after buying an additional 8,155 shares during the period. Goldman Sachs Group Inc. bought a new position in Granite Point Mortgage Trust in the 2nd quarter valued at $45,408,000.

Granite Point Mortgage Trust Inc is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments.



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