PennyMac Mortgage Investment Trust (NYSE:PMT) Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. lifted its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 496,570 shares of the real estate investment trust’s stock after purchasing an additional 23,948 shares during the period. Dana Investment Advisors Inc. owned approximately 0.57% of PennyMac Mortgage Investment Trust worth $6,252,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc raised its holdings in PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 822 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of PennyMac Mortgage Investment Trust in the third quarter worth approximately $28,000. Principal Securities Inc. raised its holdings in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 2,288 shares during the period. Allworth Financial LP purchased a new stake in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at approximately $39,000. Finally, Motiv8 Investments LLC acquired a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth approximately $129,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

PennyMac Mortgage Investment Trust Price Performance

NYSE PMT opened at $14.35 on Friday. The company has a 50 day simple moving average of $13.25 and a 200-day simple moving average of $13.56. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $15.22. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.79 and a beta of 1.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. Equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, December 27th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.60 dividend on an annualized basis and a yield of 11.15%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 120.30%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and set a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.20.

About PennyMac Mortgage Investment Trust

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.