PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.17), Zacks reports. PennyMac Mortgage Investment Trust had a net margin of 47.60% and a return on equity of 13.26%. The firm had revenue of $71.20 million during the quarter, compared to analysts’ expectations of $90.26 million. During the same period last year, the company earned $0.16 EPS.
PennyMac Mortgage Investment Trust Stock Performance
PMT traded up $0.11 on Thursday, hitting $13.43. 116,036 shares of the company traded hands, compared to its average volume of 737,692. PennyMac Mortgage Investment Trust has a 12-month low of $10.52 and a 12-month high of $15.89. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $13.95 and a 200-day moving average of $14.13. The stock has a market capitalization of $1.17 billion, a PE ratio of 8.99 and a beta of 1.51.
PennyMac Mortgage Investment Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a yield of 11.91%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 106.67%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust Company Profile
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.
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