After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that PennyMac Mortgage Investment Trust Declares First Quarter 2024 Dividends for Its Preferred Shares.
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Stocks Info
PMT belongs to the Real Estate sector of the NYSE while operating in the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $14.13 and fluctuated between $14.16 as its day high and $13.84 as its day low. The current market capitalization of Pennymac Mortgage Investment Trust is $1.22B. A total of 0.6 million shares were traded on the day, compared to an average of 668.49K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PMT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 11 SELLs from insiders. Insiders purchased 24,580 shares during that period but sold 31,743.
In the most recent transaction, Carnahan Scott W. sold 1,786 shares of PMT for 13.75 per share on Feb 21. After the transaction, the Director now owns 9,776 company shares. In a previous transaction on Feb 21, Stewart Stacey D. sold 839 shares at 13.75 per share. PMT shares that Director owns now total 44,128.
Among the insiders who bought shares, Lynch Catherine A. acquired of 451 shares on Jan 26 at a per-share price of $15.03. This resulted in the Director holding 25,540 shares of PMT after the transaction. In another insider transaction, Carnahan Scott W. sold 35,000 shares at $15.40 per share on Dec 14. Company shares held by the Director now total 18,055.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Pennymac Mortgage Investment Trust pays an annual dividend of $1.60, resulting in a dividend yield of 11.32%, and it has a price to earnings (P/E) ratio of 8.77. PMT’s most recent ex-dividend date was 12/28/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 1/26/2024. Previously, the company paid the dividend on 10/27/2023 with an ex-dividend date of 10/12/2023. The PMT stock dividend was $0.40 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PMT in the last 3 months, the mean price target is $14.67 with high estimates of $16.00 and low estimates of $13.50. In terms of 52-week highs and lows, PMT has a high of $15.89 and a low of $10.52.
As of this writing, PMT has an earnings estimate of $0.31 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.35 per share and a lower estimate of $0.2. The company reported an EPS of $0.51 in the last quarter, which was 70.00% higher than expectations of $0.3.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $16.34, while its Total Shareholder’s Equity was $2.37B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PMT is Buy with a score of 3.40.
