Is there a Bearish outlook for PennyMac Mortgage Investment Trust (NYSE:PMT) this week?

Investors sentiment decreased to 0.88 in 2018 Q2. Its down 0.63, from 1.51 in 2018Q1. It turned negative, as 13 investors sold PennyMac Mortgage Investment Trust shares while 55 reduced holdings. 19 funds opened positions while 41 raised stakes. 40.92 million shares or 3.38% less from 42.36 million shares in 2018Q1 were reported.
Raymond James Financial Service Advsrs owns 0% invested in PennyMac Mortgage Investment Trust (NYSE:PMT) for 17,915 shares. Swiss State Bank invested in 0% or 106,800 shares. Edge Wealth Mgmt Limited Liability reported 516 shares stake. Whittier Tru Of Nevada owns 830 shares. Prudential Finance holds 0% or 164,730 shares. Federated Invsts Pa holds 0% or 1,887 shares in its portfolio. Thrivent Finance For Lutherans invested 0% in PennyMac Mortgage Investment Trust (NYSE:PMT). Element Cap Mgmt Ltd Liability owns 17,937 shares or 0.01% of their US portfolio. Wisconsin-based Mason Street Advisors Ltd Llc has invested 0.01% in PennyMac Mortgage Investment Trust (NYSE:PMT). 426 are held by National Bank & Trust Of Montreal Can. Bnp Paribas Arbitrage Sa reported 8,686 shares. Bank & Trust Of New York Mellon holds 846,543 shares or 0% of its portfolio. Goldman Sachs Group Inc Inc Inc holds 3.13 million shares or 0.02% of its portfolio. Principal Fincl Grp Inc Incorporated invested in 484,815 shares or 0.01% of the stock. Raymond James Assoc reported 14,925 shares.

PennyMac Mortgage Investment Trust (NYSE:PMT) Ratings Coverage

Among 4 analysts covering PennyMac Mortgage Inv (NYSE:PMT), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. PennyMac Mortgage Inv had 4 analyst reports since July 25, 2018 according to SRatingsIntel. The company was maintained on Tuesday, September 18 by Wells Fargo. JMP Securities maintained PennyMac Mortgage Investment Trust (NYSE:PMT) on Friday, November 2 with “Market Outperform” rating. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) earned “Outperform” rating by Credit Suisse on Tuesday, September 25. The rating was maintained by Barclays Capital on Wednesday, July 25 with “Equal-Weight”. Below is a list of PennyMac Mortgage Investment Trust (NYSE:PMT) latest ratings and price target changes.

02/11/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $20 New Target: $21 Maintain
25/09/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $20 New Target: $22 Maintain
18/09/2018 Broker: Wells Fargo Rating: Market Perform New Target: $20 Maintain
25/07/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $15 New Target: $18 Maintain

The stock increased 0.24% or $0.05 during the last trading session, reaching $20.76. About 299,073 shares traded. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 19.47% since November 14, 2017 and is uptrending. It has outperformed by 3.85% the S&P500.

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company has market cap of $1.27 billion. The firm operates in two divisions, Correspondent Production and Investment Activities. It has a 13.67 P/E ratio. The Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities .

More recent PennyMac Mortgage Investment Trust (NYSE:PMT) news were published by: Globenewswire.com which released: “Recent Analysis Shows PennyMac Mortgage Investment Trust, Amicus Therapeutics, Children’s Place, PLDT …” on October 25, 2018. Also Seekingalpha.com published the news titled: “With PennyMac Q3 Results Out, Buy Their Preferred A Issue At 8.2%” on November 06, 2018. Seekingalpha.com‘s news article titled: “PennyMac Mortgage +5.9% after strong Q3 beat” with publication date: November 02, 2018 was also an interesting one.

PennyMac Mortgage Investment Trust (NYSE:PMT) Institutional Positions Chart

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