PennyMac Mortgage CAO Sells $19.2K Shares

PennyMac Mortgage CAO Sells $19.2K Shares

Gregory L. Hendry, Chief Accounting Officer of PennyMac Mortgage Investment Trust (NYSE:PMT), disposed of common shares of beneficial interest amounting to $19,209. The transaction involved the sale of 2,444 shares at a price of $7.86 per share and was executed on October 1, 2026 pursuant to a Rule 10b5‑1 trading plan that Hendry adopted on March 20, 2026. Following the disposition, Hendry beneficially owns 4,886 common shares of the trust.

At the time of the sale, PMT shares were trading near their 52‑week low of $7.64, representing a 33% decline year‑to‑date. Despite the price weakness, the trust maintains a notable dividend yield of 20.51% and has a record of paying dividends for 17 consecutive years.

In related company performance, PennyMac Mortgage Investment Trust reported second‑quarter 2026 results that missed Wall Street expectations. Diluted earnings per share were $0.23, short of the forecasted $0.31, and net income for the quarter was $20 million. UBS responded by lowering its price target for PMT shares to $10.00 from $11.25 while keeping a Neutral rating, and it also revised its core earnings per share estimates for 2026 and 2027. Deutsche Bank upgraded its rating to Buy from Hold, setting a new price target of $12.00, citing a 25% year‑to‑date decline in the stock’s valuation.

The article was generated with AI assistance and reviewed by an editor, with further information available in the InvestingPro Pro Research Report and associated ProTips.