Economy

Zacks Investment Research Downgrades PennyMac Mortgage Investment Trust (NYSE:PMT) to Sell

Zacks Investment Research Downgrades PennyMac Mortgage Investment Trust (NYSE:PMT) to Sell

It is down 17.59% since March 2, 2017 and is downtrending. It has underperformed by 4.59% the S&P500. Keefe Bruyette & Woods maintained Blackstone Mortgage Trust, Inc. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. About 286,277 shares traded.

Latest analyst recommendations could offer little help to investors.

Investors sentiment decreased to 1.31 in Q3 2017. Its up 0.31, from 0.74 in 2017Q2. Swiss Comml Bank holds 0.01% of its portfolio in Blackstone Mortgage Trust, Inc. 49 funds opened positions while 100 raised stakes. During the same period in the prior year, the firm posted $0.44 EPS. equities analysts forecast that PennyMac Mortgage Investment Trust will post 1.59 EPS for the current year. (NYSE:BXMT). Deutsche Financial Bank Ag holds 182,978 shares. Boston Partners who had been investing in Blackstone Mtg Tr Inc for a number of months, seems to be bullish on the $3.36 billion market cap company. (NYSE:BXMT) for 83,882 shares. V L.L.C. holds 8.42% of its portfolio in Fate Therapeutics, Inc. for 2.47 million shares. First Trust Advisors LP now owns 685,555 shares of the real estate investment trust's stock worth $11,922,000 after purchasing an additional 574,667 shares in the last quarter. Cantab Ltd Liability Partnership holds 6,878 shares or 0.07% of its portfolio. Tudor Investment Corp Et Al invested 0.01% of its portfolio in MSC Industrial Direct Co., Inc. Moreover, Mai Capital Mgmt has 0.02% invested in Blackstone Mortgage Trust, Inc. Glob X Mngmt Lc accumulated 361,913 shares. (NYSE:MSM). Iberiabank accumulated 2,710 shares. Magnetar Financial Lc invested 0.01% of its portfolio in Blackstone Mortgage Trust, Inc. Drexel Hamilton downgraded the shares of T in report on Monday, October 24 to "Hold" rating. The New York-based 683 Capital Management Llc has invested 0.28% in the stock.

West Family Investments Inc. purchased a new stake in Granite Point Mortgage Trust Inc (NYSE:GPMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.

The stock decreased 0.13% or $0.04 during the last trading session, reaching $31.01. The volume of 0.65 Million shares climbed down over an trading activity of 1.03 Million shares. Idaho-based Caprock Grp Incorporated Inc has invested 0.07% in Apache Corporation (NYSE:APA). (NYSE:BXMT) has risen 12.11% since March 2, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

More news: 4 killed, 14 others trapped in recent snowstorms at California ski resorts

Blackstone Mortgage Trust, Inc., a real estate finance company, originates and purchases senior loans collateralized by properties in North America and Europe. The corporation has a market cap of US$3.25 Billion. As per Tuesday, April 5, the company rating was initiated by BMO Capital Markets. It generally would not be subject to USA federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The New York-based Brown Brothers Harriman has invested 0.02% in Blackstone Mortgage Trust, Inc. Shares for $1.48 million were sold by Bonomo Charles. Glenhill Ltd Liability Company invested in 0.57% or 225,022 shares. BXMT's profit will be $61.67 million for 13.60 P/E if the $0.57 EPS becomes a reality.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Thursday, February 8th.

Zacks Investment Research upgraded shares of Granite Point Mortgage Trust (NYSE:GPMT) from a sell rating to a hold rating in a research report report published on Friday morning. Therefore 33% are positive. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 0.78. The rating was downgraded by Bank of America to "Neutral" on Thursday, December 15. The stock of AT&T Inc. (NYSE:BXMT) earned "Buy" rating by Keefe Bruyette & Woods on Thursday, September 14. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company.

Among 29 analysts covering Apache Corporation (NYSE:APA), 7 have Buy rating, 5 Sell and 17 Hold. FBR Capital maintained Blackstone Mortgage Trust, Inc. The stock has "Buy" rating by Keefe Bruyette & Woods on Monday, May 29. The rating was downgraded by J.P. Morgan to "Hold" on Tuesday, February 6. The stock has a consensus rating of "Hold" and an average target price of $18.50. Therefore 38% are positive. MSC Industrial Direct Co. had 60 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse initiated the stock with "Outperform" rating in Monday, April 18 report. The firm has "Sell" rating by Jefferies given on Monday, November 6. The firm earned "Outperform" rating on Friday, August 28 by Oppenheimer. Canaccord Genuity maintained Entellus Medical, Inc. The firm has "Hold" rating by William Blair given on Friday, December 8. (NYSE:MSM) on Tuesday, January 23. The stock has "Hold" rating by RBC Capital Markets on Monday, October 2. Channing Capital Management Llc who had been investing in Meredith Corp Com for a number of months, seems to be bullish on the $2.25B market cap company.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 3.31, and a price to sales ratio of 3.55. It also provides PathAssist tools, such as LED Light Fiber, a single-use tool that provides real-time high intensity red trans-illumination of the sinus cavity with its battery power; Light Fiber, a single-use tool that provides real-time trans-illumination of the sinus cavity; Light Seeker, a tool with optical fibers embedded into the device to allow ear, nose, and throat physicians to access the frontal sinus and trans-illuminate the sinus cavity; Maxillary Seeker, a tool that allow users to find the correct angle to access the natural maxillary ostia; and Sphenoid Seeker/Freer, a two-in-one tool that enables ENT physicians to navigate access to the sphenoid ostium.


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