Price Action To Observe: PennyMac Mortgage Investment Trust Stock Price Declines Today

Price Action To Observe: PennyMac Mortgage Investment Trust Stock Price Declines Today

The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) is a huge mover today! PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 9.63% since March 8, 2016 and is uptrending. It has outperformed by 0.32% the S&P500.
The move comes after 5 months negative chart setup for the $963.47M company. It was reported on Oct, 11 by Barchart.com. We have $13.53 PT which if reached, will make NYSE:PMT worth $57.81 million less.

Analysts await PennyMac Mortgage Investment Trust (NYSE:PMT) to report earnings on November, 10. They expect $0.14 EPS, down 41.67% or $0.10 from last year’s $0.24 per share. PMTS’s profit will be $9.37M for 25.70 P/E if the $0.14 EPS becomes a reality. After $0.04 actual EPS reported by PennyMac Mortgage Investment Trust for the previous quarter, Wall Street now forecasts 250.00% EPS growth.

PennyMac Mortgage Investment Trust (NYSE:PMT) Ratings Coverage

Out of 9 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. PennyMac Mortgage Investment Trust has been the topic of 13 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) earned “Neutral” rating by Citigroup on Friday, August 7. The rating was maintained by JMP Securities with “Market Outperform” on Wednesday, March 9. The rating was initiated by Barclays Capital on Thursday, December 10 with “Overweight”. Compass Point maintained the stock with “Buy” rating in Thursday, August 6 report. The rating was downgraded by Barclays Capital to “Equal-Weight” on Friday, February 5. Wood maintained the stock with “Outperform” rating in Monday, June 13 report. The firm earned “Neutral” rating on Thursday, October 6 by Wedbush. The rating was downgraded by Wells Fargo on Thursday, February 4 to “Market Perform”. As per Monday, July 27, the company rating was upgraded by Compass Point.

According to Zacks Investment Research, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado.”

More notable recent PennyMac Mortgage Investment Trust (NYSE:PMT) news were published by: Forbes.com which released: “This Stock Has A 12.81% Yield And Sells For Less Than Book” on October 11, 2016, also Finance.Yahoo.com with their article: “PennyMac Mortgage Investment Trust Declares Third Quarter 2016 Dividend” published on September 26, 2016, Nasdaq.com published: “PennyMac Mortgage Investment Trust (PMT) Ex-Dividend Date Scheduled for …” on October 04, 2016. More interesting news about PennyMac Mortgage Investment Trust (NYSE:PMT) were released by: Businesswire.com and their article: “PennyMac Mortgage Investment Trust to Present at the Barclays Global Financial …” published on September 09, 2016 as well as Businesswire.com‘s news article titled: “PennyMac Mortgage Investment Trust Reports 2016 Second Quarter Results” with publication date: August 03, 2016.

PMT Company Profile

PennyMac Mortgage Investment Trust (PMT), incorporated on May 18, 2009, is a specialty finance firm that invests primarily in residential mortgage loans and mortgage-related assets. The Firm conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries. The Firm operates through two divisions: correspondent production and investment activities. The correspondent production segment represents the Company’s activities aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing, pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities (MBS), using the services of PNMAC Capital Management (the Manager or PCM) and PennyMac Loan Services, LLC (PLS or the Servicer), both indirect subsidiaries of PennyMac Financial Services, Inc. (PFSI or PennyMac).

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