Zacks Investment Research downgraded PennyMac Mortgage Investment Trust (NYSE:PMT) to Strong Sell in a statement released earlier today.
- Updated: September 17, 2016
Only yesterday PennyMac Mortgage Investment Trust (NYSE:PMT) traded 0.98% lower at $15.10. PennyMac Mortgage Investment Trust’s 50-day moving average is $15.33 and its two hundred day average is $14.85. The last stock close is up 1.63% from the 200-day average, compared with the S&P 500 Index which has fallen -0.01% over the same period. Volume of trade was was up over the average, with 716,414 shares of PMT changing hands over the typical 557,328 shares..
Zacks Investment Research has downgraded PennyMac Mortgage Investment Trust(NYSE:PMT) to Strong Sell in a report released 8/18/2016.
On 6/29/2015, Nomura reported on PennyMac Mortgage Investment Trust(NYSE:PMT) raised the target price from $0.00 to $19.00. At the time, this suggested an upside of 0.00%.
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PennyMac Mortgage Investment Trust has a price-earnings of 17 with a 52 week low of $10.91 and a one-year high of $16.93. The company’s market capitalization is presently $0.0.
About PennyMac Mortgage Investment Trust (NYSE:PMT)
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. It operates through two segments: correspondent production and investment activities. The correspondent production segment represents its operations 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 and PennyMac Loan Services, LLC. The investment activities segment represents its investments in mortgage-related assets, which include distressed mortgage loans, real estate acquired in settlement of loans, MBS, and mortgage servicing rights and excess servicing spread.
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