Goldman Sachs Group Inc. Has $26.76 Million Stock Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) (2024)

Goldman Sachs Group Inc. trimmed its position in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,789,659 shares of the real estate investment trust's stock after selling 204,775 shares during the period. Goldman Sachs Group Inc. owned approximately 2.07% of PennyMac Mortgage Investment Trust worth $26,755,000 as of its most recent SEC filing.

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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI grew its position in PennyMac Mortgage Investment Trust by 94.9% in the 4th quarter. National Bank of Canada FI now owns 3,292 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 1,603 shares during the last quarter. Essex Financial Services Inc. acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at $150,000. Kestra Private Wealth Services LLC acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at $183,000. Sherbrooke Park Advisers LLC acquired a new stake in PennyMac Mortgage Investment Trust in the third quarter valued at $157,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at $204,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PMT has been the subject of a number of recent analyst reports. Wedbush reissued a "neutral" rating and issued a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a report on Monday, April 29th. JMP Securities reissued a "market outperform" rating and issued a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 18th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $15.00 price target (up previously from $14.50) on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, May 9th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, PennyMac Mortgage Investment Trust currently has a consensus rating of "Hold" and a consensus target price of $14.92.

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PennyMac Mortgage Investment Trust Price Performance

Shares of NYSE:PMT traded up $0.11 during midday trading on Monday, hitting $13.79. 530,829 shares of the stock were exchanged, compared to its average volume of 694,063. The stock has a market cap of $1.20 billion, a P/E ratio of 9.19 and a beta of 1.50. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.37. PennyMac Mortgage Investment Trust has a twelve month low of $10.52 and a twelve month high of $15.89. The company has a 50 day moving average price of $14.00 and a 200-day moving average price of $14.29.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 11.60%. The ex-dividend date is Friday, July 12th. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is presently 106.67%.

About PennyMac Mortgage Investment Trust

(Free Report)

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.

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