PennyMac Mortgage Investment Trust (PMT)

[SPORTSPROPHET]

Stock Watchout on REIT - Diversified -- PennyMac Mortgage Investment Trust, Colony Starwood Homes, Blackstone Mortgage Trust, and Lamar Advertising

8:10 am ET July 21, 2016 (PR Newswire) Print


The Diversified REITs industry continues to impress with its strong performance this year. Investors eyeing for high dividend yields and looking to diversify their portfolios can benefit from a number of equities in this space. Stock-Callers now reviews this morning's lineup: PennyMac Mortgage Investment Trust (NYSE: PMT), Colony Starwood Homes (NYSE: SFR), Blackstone Mortgage Trust Inc. (NYSE: BXMT), and Lamar Advertising Co. (NASDAQ: LAMR). Learn more about these stocks by accessing their free notes at:

http://stock-callers.com/registration

PennyMac Mortgage Investment Trust

Moorpark, California-based PennyMac Mortgage Investment Trust's shares gained 0.12%, closing Wednesday's trading session at $16.25. The stock recorded a trading volume of 246,569 shares. The Company's shares have advanced 3.76% in the last month, 25.30% over the previous three months, and 13.46% since the start of this year. The stock is trading 6.18% and 17.99% above its 50-day and 200-day moving averages, respectively. Additionally, shares of PennyMac Mortgage Investment Trust, which invests primarily in residential mortgage loans and mortgage-related assets in the U.S., have a Relative Strength Index (RSI) of 63.81.

On June 28th, 2016, PennyMac Mortgage Investment Trust declared a cash dividend of $0.47 per common share of beneficial interest for the second quarter of 2016. This dividend will be paid on July 28th, 2016 to common shareholders of record as of July 14th, 2016.

On July 12th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. See our complete notes on PMT at:

http://stock-callers.com/registration/?symbol=PMT