They now have a Dollars 7 price target on the stock. MITT has been the subject of a number of other reports. Citigroup Inc. assumed coverage on shares
They now have a Dollars 7 price target on the stock.
MITT has been the subject of a number of other reports. Citigroup Inc. assumed coverage on shares of Tremont Mortgage Trust in a research report on Monday. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of AG Mortgage Investment Trust during the fourth quarter worth about $116,000. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock was sold at an average price of $17.39, for a total value of $326,062.50. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 18.22% since October 14, 2016 and is uptrending.
AG Mortgage Investment Trust, Inc. has a 50 day moving average of 19.31 and a 200 day moving average of 18.77.
The P/E ratio is now 49.59 and market capitalization is 2.83B.
Analysts expect New York Mortgage Trust Inc (NASDAQ:NYMT) to report $0.14 EPS on November, 7.They anticipate $0.04 EPS change or 22.22% from last quarter’s $0.18 EPS. The dividend will be $0.493 per share for the quarter which is $1.97 annualized. PennyMac Mortgage Investment Trust had a net margin of 37.97% and a return on equity of 8.67%. The firm had revenue of $83.96 million during the quarter, compared to the consensus estimate of $80.12 million. The firm’s quarterly revenue was up 76.4% compared to the same quarter previous year. On Thursday, February 4 the stock rating was downgraded by Wells Fargo to “Market Perform”.
TRADEMARK VIOLATION WARNING: “PennyMac Mortgage Investment Trust (PMT) Lifted to “Hold” at Zacks Investment Research” was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another site, it was stolen and republished in violation of United States & global copyright and trademark law. Keefe Bruyette & Woods downgraded the stock to “Hold” rating in Tuesday, October 10 report.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. The stock decreased 0.26% or $0.05 on October 13, reaching $18.9. The ex-dividend date of this dividend is Thursday, October 12th. This dividend represents a yield of $9.81. PennyMac Mortgage Investment Trust’s payout ratio is now 109.94%.
In related news, insider David Spector sold 18,750 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 10.13 and a beta of 0.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The company had a trading volume of 54,953 shares. UBS AG assumed coverage on shares of Tremont Mortgage Trust in a research note on Tuesday.
AG Mortgage Investment Trust, Inc.is a real estate investment trust (REIT). PennyMac Mortgage Investment Trust had 16 analyst reports since July 27, 2015 according to SRatingsIntel.
Investors are a little more bullish on shares of AG Mortgage Investment Trust, I of late if you look at the downtick in short interest.
AG Mortgage Investment Trust (NYSE:MITT) last issued its earnings results on Wednesday, May 3rd.
05/27/2014 – AG Mortgage Investment Trust, Inc. had its “neutral” rating reiterated by analysts at Credit Suisse. Nationwide Fund Advisors invested in 0% or 39,319 shares. Vanguard Group Inc. now owns 5,187,737 shares of the real estate investment trust’s stock worth $92,082,000 after buying an additional 196,152 shares during the last quarter. The Business’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities (CMBS), preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P.