PennyMac Mortgage Investment Trust (PMT) Downgraded by BidaskClub to "Hold"

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Creative Planning now owns 5,858 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 2,992 shares during the period. Below is a list of New York Mortgage Trust Inc (NASDAQ:NYMT) latest ratings and price target changes. Merck & Co Inc now has $170.40B valuation. The stock increased 0.08% or $0.07 during the last trading session, reaching $83.47. General Electric Company (NYSE:GE) has declined 4.46% since July 27, 2016 and is downtrending. It has outperformed by 0.16% the S&P500.

PMT has been the topic of a number of research analyst reports. Therefore 33% are positive.

07/12/2016 - PennyMac Mortgage Investment Trust was downgraded to " by analysts at Bank of America Merrill Lynch. The firm earned "Buy" rating on Monday, July 27 by Compass Point.

08/17/2015 - AG Mortgage Investment Trust, Inc. had its "market perform" rating reiterated by analysts at Keefe, Bruyette & Woods. Finally, Wunderlich upped their price objective on AG Mortgage Investment Trust from $17.50 to $18.50 and gave the company a "hold" rating in a research report on Monday, May 8th. The rating was maintained by RBC Capital Markets on Monday, April 24 with "Outperform". The stock of New York Mortgage Trust Inc (NASDAQ:NYMT) has "Market Perform" rating given on Tuesday, August 9 by Wood.

03/10/2016 - AG Mortgage Investment Trust, Inc. had its "buy" rating reiterated by analysts at Deutsche Bank. The stock has "Neutral" rating by Compass Point on Monday, February 6.

Investors sentiment increased to 1.22 in Q4 2016. The dividend was $0.470 per share for the quarter which is $1.88 annualized. PennyMac Mortgage Investment Trust (PMT) has risen 18.22% since July 26, 2016 and is uptrending. 22 funds opened positions while 31 raised stakes. With 481,700 avg volume, 2 days are for Pennymac Mortgage Investment Tru (NYSE:PMT)'s short sellers to cover PMT's short positions. Analysts expect AG Mortgage Investment Trust to post earnings of $0.44 per share for the quarter. Janney Mgmt Ltd holds 710,533 shares or 0.53% of its portfolio. Moreover, Chicago Equity Prtnrs Ltd Liability Company has 0.04% invested in PennyMac Mortgage Investment Trust (NYSE:PMT). Bradley Foster Sargent Incorporated Ct holds 1.85% or 1.38 million shares in its portfolio. ProShare Advisors LLC increased its stake in PennyMac Mortgage Investment Trust by 198.3% in the first quarter. AG Mortgage Investment Trust had a net margin of 75.87% and a return on equity of 12.66%. Highfields Capital Limited Partnership has 500,000 shares for 0.07% of their portfolio. The stock of New York Mortgage Trust Inc (NASDAQ:NYMT) earned "Hold" rating by Zacks on Tuesday, August 11. It has outperformed by 20.76% the S&P500. The Firm is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The company has a market capitalization of $1.17 billion, a PE ratio of 13.83 and a beta of 0.52. The corporation conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, (its Operating Partnership) and its subsidiaries. It has a 12.62 P/E ratio. It operates through two segments: correspondent production and investment activities.

Investors sentiment increased to 1.11 in Q4 2016. Its up 0.90, from 0.85 in 2016Q3.

Several hedge funds and other institutional investors have recently bought and sold shares of PMT. 4 funds opened positions while 10 raised stakes. West Family Investments holds 0.1% or 35,500 shares. 28,510 are owned by Tahithromos Limited Liability. First Utd Financial Bank Trust invested 1.79% in Verizon Communications Inc. Natl Asset Mgmt holds 0.98% or 152,301 shares in its portfolio. Hanson Mcclain Inc reported 0.03% in Merck & Co., Inc. Opus Investment Mngmt Inc owns 105,000 shares. New York Mortgage Trust, Inc. Blackrock Fund Advisors stated it has 49,262 shares. Fayerweather Charles reported 6,800 shares. State Street Corp now owns 630,686 shares of the real estate investment trust's stock valued at $10,786,000 after buying an additional 40,932 shares during the period. It also reduced its holding in Bhp Billiton Plc Spon Adr (NYSE:BBL) by 30,586 shares in the quarter, leaving it with 519,014 shares, and cut its stake in United Technologies Corp (NYSE:UTX). Alibaba Group Hldg Ltd (NYSE:BABA) was reduced too.

PMT has been the discussion subject of Many reports. (NYSE:MRK), 14 have Buy rating, 1 Sell and 4 Hold. Therefore 74% are positive. Shares were disposed in a price range of $17.59, amounting $144,853.65. The rating was upgraded by Berenberg on Thursday, August 27 to "Hold". The stock has "Neutral" rating by Wedbush on Thursday, October 6. The stock has "Equal Weight" rating by Barclays Capital on Tuesday, November 10. On Monday, December 19 the stock rating was maintained by Maxim Group with "Buy". (NYSE:MITT) was up +0.05% during the last day of trading, with a day high of 18.49.

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