PennyMac Mortgage Investment Trust (NYSE:PMT) Upgraded by Zacks Investment Research to Hold

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PennyMac Mortgage Investment Trust stock has undergone multiple analysts rating changes in the recent past.  PennyMac Mortgage Investment Trust Upgraded by Zacks Investment Research on 10/19/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong Sell.

Shares of PennyMac Mortgage Investment Trust traded up $0.12 on Monday, reaching $20.07. 0 shares of the stock traded hands, compared to its average volume of 731800. Shares of PennyMac Mortgage Investment Trust were trading at $20.07 on Monday. The firm’s 50 day moving average is $19.55 and its 200 day moving average is $19.43.PennyMac Mortgage Investment Trust has a 12 month low of $19.90 and a 12 month high of $21.53. While on yearly highs and lows, PennyMac Mortgage Investment Trust’s today has traded high as $20.16 and has touched $19.90 on the downward trend. See More Analyst Rating at: RATING

PennyMac Mortgage Investment Trust Earnings and What to expect: 

PennyMac Mortgage Investment Trust last posted its quarterly earnings data on August 5th, 2021. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.25. PennyMac Mortgage Investment Trust has generated $0.27 earnings per share over the last year ($2.71 diluted earnings per share) and currently has a price-to-earnings ratio of 7.4. Earnings for PennyMac Mortgage Investment Trust are expected to decrease by -15.73% in the coming year, from $2.48 to $2.09 per share. PennyMac Mortgage Investment Trust has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 4th, 2021 based off prior year’s report dates.

Earnings for PennyMac Mortgage Investment Trust are expected to decrease by -15.73% in the coming year, from $2.48 to $2.09 per share. The P/E ratio of PennyMac Mortgage Investment Trust is 7.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.13. The P/E ratio of PennyMac Mortgage Investment Trust is 7.41, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.70. PennyMac Mortgage Investment Trust has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

PennyMac Mortgage Investment Trust (NYSE:PMT) Moving Average Technical Analysis

5 day Moving Average is $20.24 And 5 day price change is -$0.31 (-1.52%)  with average volume for 5 day average is 974,500. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $20.01 and 20 day price change is $0.59 (3.03%) and average 20 day moving volume is 720,080. 50 day moving average is $19.55  and 50 day price change is $0.82 ( 4.26%)  and with average volume for 50 days is : 768,114. 200 day moving average is $19.43  and 200 day price change is $2.48 (14.10%)  and with average volume for 200 days is : 832,278.

Other owners latest trading in PennyMac Mortgage Investment Trust :

  • On 10/18/2021 shares held by Nisa Investment Advisors LLC were 58,100 which equates to market value of $1.14M and appx 0.00% owners of PennyMac Mortgage Investment Trust
  • On 10/12/2021 shares held by Louisiana State Employees Retirement System were 47,200 which equates to market value of $0.93M and appx 0.00% owners of PennyMac Mortgage Investment Trust
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 71,395 which equates to market value of $1.41M and appx 0.00% owners of PennyMac Mortgage Investment Trust
  • In total Institutional ownership equates to Institutional Ownership Percentage: 70.67% for PennyMac Mortgage Investment Trust

See More Analyst Rating at: RATING