PennyMac Mortgage Investment Trust (PMT) Receives Coverage Optimism Rating of 0.14

News articles about PennyMac Mortgage Investment Trust (NYSE:PMT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.9885158950322 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

Shares of PennyMac Mortgage Investment Trust (PMT) opened at $16.03 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.78 and a quick ratio of 0.78. PennyMac Mortgage Investment Trust has a 1 year low of $14.87 and a 1 year high of $18.46. The company has a market cap of $1,049.74, a price-to-earnings ratio of 11.27 and a beta of 0.52.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.18). PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. The firm had revenue of $75.80 million during the quarter, compared to the consensus estimate of $81.72 million. During the same quarter in the prior year, the company earned $1.06 EPS. PennyMac Mortgage Investment Trust’s quarterly revenue was down 26.6% on a year-over-year basis. research analysts expect that PennyMac Mortgage Investment Trust will post 1.32 earnings per share for the current year.

PMT has been the topic of a number of analyst reports. ValuEngine raised PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $19.00 to $18.00 in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.50.

In related news, insider David Spector sold 18,750 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $17.61, for a total value of $330,187.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 75,000 shares of company stock valued at $1,299,563. 2.08% of the stock is owned by corporate insiders.

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About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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