After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that PennyMac Mortgage Investment Trust Declares First Quarter 2024 Dividend for Its Common Shares.
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Stocks Info
Pennymac Mortgage Investment Trust is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $14.42 and fluctuated between $14.43 as its day high and $14.27 as its day low. The current market capitalization of Pennymac Mortgage Investment Trust is $1.25B. A total of 0.59 million shares were traded on the day, compared to an average of 599.01K shares.
In the most recent transaction, Jones Doug sold 7,810 shares of PMT for 14.34 per share on Mar 11 ’24. After the transaction, the Director, President & CMBO now owns 53,311 company shares. In a previous transaction on Mar 04 ’24, Preston Paul DuFauchard, Jr. sold 4,961 shares at 14.02 per share. PMT shares that Director owns now total 44,282.
Among the insiders who sold shares, Carnahan Scott W. disposed of 8,058 shares on Mar 01 ’24 at a per-share price of $14.20. This resulted in the Director holding 1,718 shares of PMT after the transaction. In another insider transaction, Carnahan Scott W. sold 1,786 shares at $13.75 per share on Feb 21 ’24. Company shares held by the Director now total 9,776.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Pennymac Mortgage Investment Trust pays an annual dividend of $1.60, resulting in a dividend yield of 11.10%, and it has a price to earnings (P/E) ratio of 8.95. PMT’s most recent ex-dividend date was 4/11/2024 when it declared a $0.40 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 12/28/2023. The PMT stock dividend was $0.40 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $0.32 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.27. 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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $16.34, while its Total Shareholder’s Equity was $2.37B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.
