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.



Like this

loading...
loading...

Latest


15 October 2017
Were Analysts Bullish GlaxoSmithKline plc (ADR) (NYSE:GSK) This Week?
The value of the total investment in GlaxoSmithKline PLC went from $349,000 to $308,000 a change of 11.7% quarter to quarter. Bingham Osborn & Scarborough LLC bought a new stake in GlaxoSmithKline PLC during the 2nd quarter valued at $311,000.

15 October 2017
EnLink Midstream Partners LP
The stock of CONE Midstream Partners LP (NYSE:CNNX) earned "Market Perform" rating by Wells Fargo on Monday, January 18. The pipeline company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35.

15 October 2017
Shares in Align Technology, Inc. (ALGN) Purchased by GRATRY & Co LLC
Shares for $143,995 were sold by Kolli Sreelakshmi . 50,000 shares were sold by LACOB JOSEPH , worth $7.25 million. The outstanding shares for Align Technology, Inc.is 79.88, along with a floating outstanding shares of 72.33.

15 October 2017
Littelfuse's (LFUS) "Buy" Rating Reaffirmed at Robert W. Baird
Oppenheimer Holdings, Inc. downgraded Littelfuse from an "outperform" rating to a "market perform" rating in a report on Friday. Since May 8, 2017, it had 0 insider buys, and 4 insider sales for $3.08 million activity. $25,385 worth of Littelfuse, Inc.

15 October 2017
Smith & Nephew plc's (SN) Buy Rating Reaffirmed at Deutsche Bank AG
SUWINSKI JAN sold 30,000 shares worth $713,424. 22,730 shares were sold by Heinson Christopher, worth $174,521. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in Smith & Nephew plc (LON:SN).

15 October 2017
George Groves defeats Jamie Cox with crushing fourth round body shot
Whilst the contest continued, Cox didn't go down without a fight, hitting the world champion with some swift counter punches. Cox is a battle between two British boxers, and part of the World Boxing Super Series: super-middleweight competition.

15 October 2017
Induslnd bank seals the deal for merger with Bharat Financial Inclusion
As of June 30, the combined loan book will stand at Rs 1,26,038 crore of which around Rs 10,000 crore will come from BFIL. The deal was closed after months of potential discussions with many players including RBL Bank and Kotak Mahindra Bank.

15 October 2017
Thank You For Playing the STAR WARS Battlefront II Beta - Electronic Arts
But, you have to earn the right to upgrade the cards and unlock most weapons by playing the game and ranking up. Your character can look as cool and advance as fast as you want if you're willing to fork over the extra money.

15 October 2017
Ford Motor Company (NYSE:F) Upgraded to Buy by Standpoint Research
The auto manufacturer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. Itau Unibanco Holding S.A. bought a new position in General Motors Company during the third quarter worth about $135,000.

15 October 2017
Mash The Gas: NASCAR Talladega Preview
The 2017 NASCAR Monster Energy Series heads to one of its faster tracks this week as drivers compete in the Alabama 500 . He followed up his Talladega win with another restrictor-plate triumph at Daytona International Speedway in July.