The stock price of Pennymac Mortgage Investment Trust (NYSE: PMT) has jumped by 1.09 compared to previous close of 14.25. Despite this, the company has seen a gain of 3.48% in its stock price over the last five trading days. businesswire.com reported 2024-09-19 that WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the third quarter of 2024. This dividend will be paid on October 25, 2024, to common shareholders of record as of October 11, 2024. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in resi.
Is It Worth Investing in Pennymac Mortgage Investment Trust (NYSE: PMT) Right Now?
The price-to-earnings ratio for Pennymac Mortgage Investment Trust (NYSE: PMT) is 9.51x, which is above its average ratio. Moreover, the 36-month beta value for PMT is 1.47. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for PMT is 85.76M and currently, short sellers hold a 5.66% of that float. On September 19, 2024, PMT’s average trading volume was 823.42K shares.
PMT’s Market Performance
The stock of Pennymac Mortgage Investment Trust (PMT) has seen a 3.48% increase in the past week, with a 5.22% rise in the past month, and a 4.61% gain in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are at 1.30% for PMT. The simple moving average for the past 20 days is 3.03% for PMT’s stock, with a 1.66% simple moving average for the past 200 days.
Analysts’ Opinion of PMT
Many brokerage firms have already submitted their reports for PMT stocks, with Keefe Bruyette repeating the rating for PMT by listing it as a “Outperform.” The predicted price for PMT in the upcoming period, according to Keefe Bruyette is $15.50 based on the research report published on July 10, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to PMT, setting the target price at $13.50 in the report published on December 06th of the previous year.
PMT Trading at 3.52% from the 50-Day Moving Average
After a stumble in the market that brought PMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.35% of loss for the given period.
Volatility was left at 1.30%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +4.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.28% upper at present.
During the last 5 trading sessions, PMT rose by +3.45%, which changed the moving average for the period of 200-days by unch in comparison to the 20-day moving average, which settled at $14.01. In addition, Pennymac Mortgage Investment Trust saw -3.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PMT starting from Jones Doug, who sale 37,010 shares at the price of $14.01 back on Sep 03 ’24. After this action, Jones Doug now owns 49,114 shares of Pennymac Mortgage Investment Trust, valued at $518,647 using the latest closing price.
Jones Doug, the Officer of Pennymac Mortgage Investment Trust, proposed sale 22,999 shares at $14.01 during a trade that took place back on Sep 03 ’24, which means that Jones Doug is holding shares at $322,301 based on the most recent closing price.
Stock Fundamentals for PMT
Current profitability levels for the company are sitting at:
- 0.61 for the present operating margin
- 0.9 for the gross margin
The net margin for Pennymac Mortgage Investment Trust stands at 0.17. The total capital return value is set at 0.08. Equity return is now at value 9.65, with 1.47 for asset returns.
Based on Pennymac Mortgage Investment Trust (PMT), the company’s capital structure generated 0.83 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 5.03. The interest coverage ratio of the stock is 1.23.
Currently, EBITDA for the company is -25.07 million with net debt to EBITDA at 36.91. When we switch over and look at the enterprise to sales, we see a ratio of 9.81. The receivables turnover for the company is 16.76for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of Pennymac Mortgage Investment Trust (PMT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
