PennyMac Mortgage Investment Trust (PMT) Given Consensus Rating of "Hold" by Brokerages

Marco Green
November 14, 2017

Wellington Mngmt Group Incorporated Llp reported 42,853 shares. The company has a market capitalization of $994.01, a PE ratio of 10.68 and a beta of 0.54. The stock rose 1.48% or $0.23 reaching $15.39. About 299,190 shares traded. Nomura restated a "hold" rating and set a $16.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Friday, November 4th. It has outperformed by 20.76% the S&P500.

Apollo Management Holdings Lp increased its stake in Rpc Inc (Put) (RES) by 180.9% based on its latest 2017Q2 regulatory filing with the SEC. 500,900 shares of the company's stock were exchanged, compared to its average volume of 621,524.

Among 9 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 3 have Buy rating, 0 Sell and 6 Hold.

A number of institutional investors have recently made changes to their positions in the company. Ameritas Prtnrs accumulated 0.01% or 5,886 shares. MITT's total short interest was 1.25 million shares in November as published by FINRA. RPC, Inc. (NYSE:RES) has risen 47.61% since November 13, 2016 and is uptrending. It has outperformed by 6.96% the S&P500.

Investors sentiment increased to 1.16 in Q2 2017. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. It improved, as 54 investors sold AMT shares while 274 reduced holdings. Credit Suisse Ag holds 73,606 shares or 0% of its portfolio. Global X Management Co. Schwab Charles Invest Management reported 0.01% of its portfolio in RPC, Inc. 384.25 million shares or 0.68% less from 386.86 million shares in 2017Q1 were reported. Metropolitan Life Company Ny has invested 0% in RPC, Inc. Deutsche Bank has "Buy" rating and $19.25 target. California State Teachers Retirement Sys has 0% invested in RPC, Inc. Deutsche Bankshares Ag holds 52,975 shares. Riverhead Mgmt Ltd Limited Liability Company owns 2,050 shares. Bessemer Gru Inc Inc owns 5,428 shares. Fred Alger Management Incorporated owns 177,242 shares or 0.02% of their U.S. portfolio. BidaskClub upgraded New York Mortgage Trust from a hold rating to a buy rating in a research report on Tuesday, July 25th. Therefore 11% are positive. AG Mortgage Investment Trust had 14 analyst reports since August 10, 2015 according to SRatingsIntel. Oppenheimer maintained American Tower Corp (NYSE:AMT) rating on Thursday, July 27. The company was downgraded on Thursday, January 19 by Cowen & Co. The rating was maintained by Wunderlich on Wednesday, November 11 with "Hold". RBC Capital Markets maintained International Personal Finance Plc (LON:IPF) on Tuesday, March 1 with "Underperform" rating. The firm earned "Neutral" rating on Friday, August 7 by Citigroup.

More news for RPC, Inc. Agrium Inc. (NYSE:AGU) was raised too.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Reports Third Quarter 2017 Results and ..." published on October 31, 2017 as well as Seekingalpha.com's news article titled: "AG Mortgage Investment Trust's (MITT) CEO David Roberts on Q2 2017 Results ..." with publication date: "August 10, 2017. The Klingenstein Fields & Co Llc holds 272,969 shares with $36.12M value, down from 276,479 last quarter. It also upped Williams (NYSE:WSM) stake by 157,687 shares and now owns 316,889 shares. BlackRock Institutional Trust Company N.A. now owns 1,489,991 shares of the company's stock worth $23,214,000 after buying an additional 11,969 shares in the last quarter. Its up 0.11, from 1.27 in 2017Q1. Systematic Financial Management Lp sold 16,955 shares as Ag Mortgage Investment Trust I (MITT)'s stock rose 3.33%. 91 funds opened positions while 289 raised stakes. Martingale Asset Mngmt L P reported 0.06% stake. Eqis Management reported 14,572 shares stake.

PennyMac Mortgage Investment Trust (NYSE:PMT) opened at 16.90 on Wednesday. Invesco Ltd reported 712,364 shares. Legal & General Gp Public Ltd Company holds 0% or 6,346 shares in its portfolio. Van Eck stated it has 313,996 shares. Price T Rowe Assoc Incorporated Md reported 29,190 shares. Jpmorgan Chase And accumulated 294,322 shares. Moreover, Federated Investors Pa has 0% invested in PennyMac Mortgage Investment Trust (NYSE:PMT) for 1,692 shares. M&T Bank & Trust Corp invested in 10,900 shares. Compass Point maintained PennyMac Mortgage Investment Trust (NYSE:PMT) on Thursday, August 6 with "Buy" rating. Insiders sold 75,000 shares of company stock valued at $1,299,563 in the last three months. Voya Inv Management Limited Liability Company invested in 0% or 33,829 shares. Creative Planning has 0% invested in AG Mortgage Investment Trust Inc (NYSE:MITT) for 5,858 shares. Ag Mortgage Investment Trust I now has $524.95 million valuation. Public Employees Retirement System of OH now owns 7,207 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 304 shares in the last quarter. Therefore 26% are positive. BNP Paribas Arbitrage SA grew its stake in AG Mortgage Investment Trust by 59.8% during the second quarter. Zacks Investment Research upgraded shares of PennyMac Mortgage Investment Trust from a "strong sell" rating to a "hold" rating and set a $17.00 price objective on the stock in a research report on Wednesday, October 12th. On Monday, November 7 the stock rating was downgraded by Bank of America to "Neutral". On Thursday, February 4 the stock rating was downgraded by Wells Fargo to "Market Perform". The stock has "Buy" rating by Maxim Group on Monday, August 10. The stock of American Tower Corp (NYSE:AMT) has "Buy" rating given on Friday, July 28 by Macquarie Research. Keefe Bruyette & Woods maintained the shares of PMT in report on Monday, May 29 with "Buy" rating. On Thursday, August 10 the stock rating was maintained by Keefe Bruyette & Woods with "Hold". The firm earned "Underweight" rating on Monday, December 12 by JP Morgan. On Friday, February 5 the stock rating was downgraded by Barclays Capital to "Equal-Weight". The stock has "Buy" rating by Numis Securities on Thursday, October 29.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER