Is Pennymac Mortgage Investment Trust (NYSE: PMT) The Best Stock To Invest In?

After Hours

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Stocks Info

Pennymac Mortgage Investment Trust is listed on the NYSE in the Real Estate sector while operating in the REIT – Mortgage industry. The current market capitalization of Pennymac Mortgage Investment Trust is $1.19B. A total of 0.54 million shares were traded on the day, compared to an average of 940.05K shares.

In the most recent transaction, Lynch Catherine A. bought 950 shares of PMT for 13.29 per share on Aug 08 ’24. After the transaction, the Director now owns 36,794 company shares. In a previous transaction on Jul 29 ’24, Lynch Catherine A. bought 1,172 shares at 13.64 per share. PMT shares that Director owns now total 35,844.

Among the insiders who bought shares, Lynch Catherine A. acquired of 757 shares on Jul 26 ’24 at a per-share price of $13.76. This resulted in the Director holding 34,672 shares of PMT after the transaction. In another insider transaction, Lynch Catherine A. bought 715 shares at $14.19 per share on Apr 26 ’24. Company shares held by the Director now total 33,915.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Pennymac Mortgage Investment Trust pays an annual dividend of $1.60, resulting in a dividend yield of 11.70%, and it has a price to earnings (P/E) ratio of 9.02. PMT’s most recent ex-dividend date was 7/12/2024 when it declared a $0.40 quarterly dividend that was paid in cash on 7/26/2024. Previously, the company paid the dividend on 4/26/2024 with an ex-dividend date of 4/11/2024. The PMT stock dividend was $0.40 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable 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 $0.34 per share for the current quarter. EPS was calculated based on a consensus of 6.0 estimates, with a high estimate of $0.39 per share and a lower estimate of $0.32.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $16.10, while its Total Shareholder’s Equity was $2.37B.

Analysts Opinion

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. 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 3.50.

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