After Hours
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. 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
This NYSE-listed company operates within the REIT – Mortgage industry segment, falling under the Real Estate sector. The current market capitalization of Pennymac Mortgage Investment Trust is $1.27B. A total of 0.54 million shares were traded on the day, compared to an average of 609.57K 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
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Pennymac Mortgage Investment Trust pays an annual dividend of $1.60, resulting in a dividend yield of 10.93%, and it has a price to earnings (P/E) ratio of 9.08. 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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $16.34, while its Total Shareholder’s Equity was $2.37B.
Analysts Opinion
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. 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.
