Pennymac Mortgage Investment Trust’s (NYSE:PMT) Sentiment is 0.97

Sentiment for Pennymac Mortgage Investment Trust (NYSE:PMT)

Pennymac Mortgage Investment Trust (NYSE:PMT) institutional sentiment increased to 0.97 in Q3 2018. Its up 0.09, from 0.88 in 2018Q2. The ratio has increased, as 62 hedge funds opened new or increased equity positions, while 64 trimmed and sold stakes in Pennymac Mortgage Investment Trust. The hedge funds in our partner’s database now have: 40.92 million shares, down from 40.92 million shares in 2018Q2. Also, the number of hedge funds holding Pennymac Mortgage Investment Trust in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 48 Increased: 37 New Position: 25.

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company has market cap of $1.18 billion. The firm operates in two divisions, Correspondent Production and Investment Activities. It has a 9.99 P/E ratio. The Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities .

The stock increased 0.26% or $0.05 during the last trading session, reaching $19.41. About 273,971 shares traded. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 29.69% since January 12, 2018 and is uptrending. It has outperformed by 29.69% the S&P500.

Analysts await PennyMac Mortgage Investment Trust (NYSE:PMT) to report earnings on February, 14. They expect $0.41 EPS, up 28.13 % or $0.09 from last year’s $0.32 per share. PMT’s profit will be $24.99 million for 11.84 P/E if the $0.41 EPS becomes a reality. After $0.62 actual EPS reported by PennyMac Mortgage Investment Trust for the previous quarter, Wall Street now forecasts -33.87 % negative EPS growth.

Greenwich Investment Management Inc. holds 4.05% of its portfolio in PennyMac Mortgage Investment Trust for 188,197 shares. Smith Graham & Co. Investment Advisors Lp owns 413,943 shares or 0.79% of their US portfolio. Moreover, Campbell & Co Investment Adviser Llc has 0.52% invested in the company for 37,878 shares. The New Mexico-based Thornburg Investment Management Inc has invested 0.35% in the stock. West Family Investments Inc., a Illinois-based fund reported 35,500 shares.

PennyMac Mortgage Investment Trust (NYSE:PMT) Ratings Coverage

Ratings analysis reveals 50% of PennyMac Mortgage Inv’s analysts are positive. Out of 4 Wall Street analysts rating PennyMac Mortgage Inv, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $18 while the high is $22. The stock’s average target of $20.25 is 4.33% above today’s ($19.41) share price. PMT was included in 4 notes of analysts from July 25, 2018. Wells Fargo maintained PennyMac Mortgage Investment Trust (NYSE:PMT) on Tuesday, September 18 with “Market Perform” rating. Barclays Capital maintained it with “Equal-Weight” rating and $18 target in Wednesday, July 25 report. JMP Securities maintained the stock with “Market Outperform” rating in Friday, November 2 report. The firm has “Outperform” rating given on Tuesday, September 25 by Credit Suisse.

More notable recent PennyMac Mortgage Investment Trust (NYSE:PMT) news were published by: Quotes.Wsj.com which released: “PMT Stock Price & News – PennyMac Mortgage Investment Trust – Wall Street Journal” on April 17, 2018, also Seekingalpha.com with their article: “Preferred Stock IPO: 8% From PennyMac Mortgage Investment Trust – Seeking Alpha” published on July 03, 2017, Businesswire.com published: “PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2017 Results – Business Wire” on February 08, 2018. More interesting news about PennyMac Mortgage Investment Trust (NYSE:PMT) were released by: Zacks.com and their article: “5 Stocks With Impressive Relative Price Strength to Scoop Up – Zacks.com” published on December 27, 2018 as well as Seekingalpha.com‘s news article titled: “PennyMac Mortgage Investment Trust 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” with publication date: August 02, 2018.

PennyMac Mortgage Investment Trust (NYSE:PMT) Institutional Positions Chart

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