In last trading session, PennyMac Mortgage Investment Trust (NYSE:PMT) saw 1,712,340 shares changing hands with its beta currently measuring 1.1. Company’s recent per share price level of $17.88 trading at $1 or 6.3% at ring of the bell on the day assigns it a market valuation of $1.79 Billion. That closing price of PMT’s stock is at a discount of -33.05% from its 52-week high price of $23.79 and is indicating a premium of 80.43% from its 52-week low price of $3.5. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.98 Million shares which gives us an average trading volume of 2.24 Million if we extend that period to 3-months.
PennyMac Mortgage Investment Trust (NYSE:PMT) trade information
Upright in the green today for gaining 6.3%, in the last five days PMT remained trading in the green while hitting it’s week-highest on Thursday, Jun 25 when the stock touched $17.92- price level, adding 0.22% to its value on the day. PennyMac Mortgage Investment Trust’s shares saw a change of -19.78% in year-to-date performance and have moved 8.63% in past 5-day. PennyMac Mortgage Investment Trust (NYSE:PMT) showed a performance of 63.59% in past 30-days. Number of shares sold short was 4.11 Million shares which calculate 1.83 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $17.36 to the stock, which implies targetted prices is already lagging behind -2.91% to its current value. Analysts have been projecting $10.5 as a low price target for the stock while placing it at a high target of $22. It follows that stock’s current price would jump +23.04% in reaching the projected high whereas dropping to the targeted low would mean a loss of -41.28% for stock’s current value.
PennyMac Mortgage Investment Trust (PMT) estimates and forecasts
Statistics highlight that PennyMac Mortgage Investment Trust is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -22.02% of value to its shares in past 6 months, showing an annual growth rate of -208.26% while that of industry is -27.6. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 200% in the current quarter and calculating -8.5% decline in the next quarter. This year revenue growth is estimated to drop -48.1% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $305.57 Million for the same. And 5 analysts are in estimates of company making revenue of $164.49 Million in the next quarter that will end in September 01, 2020. Company posted $96.4 Million and $130.76 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 217% while estimating it to be 25.8% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0.7% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 22.1% while estimates for its earnings growth in next 5 years are of 4.15%
PennyMac Mortgage Investment Trust is more likely to be releasing its next quarterly report between July 30 and August 03, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 9.51%, the share has a forward dividend of 1.6 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 11.45%.
PennyMac Mortgage Investment Trust (NYSE:PMT)’s Major holders
Insiders are in possession of 1.73% of company’s total shares while institution are holding 73.82% percent of that, with stock having share float percentage of 75.12%. Investors also watch the number of corporate investors in a company very closely, which is 302 institutions for PennyMac Mortgage Investment Trust that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at PMT for having 16.51 Million shares of worth $175.35 Million. And as of March 30, 2020, it was holding 16.54% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 10.38 Million shares on March 30, 2020. The number of shares represents firm’s hold over 10.39% of outstanding shares, having a total worth of $110.2 Million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 6087436 shares of worth $64.65 Million or 6.1% of the total outstanding shares. The later fund manager was in possession of 2.85 Million shares on March 30, 2020, making its stake of worth around $30.24 Million in the company or a holder of 2.85% of company’s stock.