PennyMac Mortgage Investment Trust (PMT): Today's Featured Real Estate Winner

PennyMac Mortgage Investment ( PMT) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day down 1.4%. By the end of trading, PennyMac Mortgage Investment rose 12 cents (0.6%) to $19.49 on light volume. Throughout the day, 383,021 shares of PennyMac Mortgage Investment exchanged hands as compared to its average daily volume of 578,700 shares. The stock ranged in a price between $19.37-$19.49 after having opened the day at $19.39 as compared to the previous trading day's close of $19.37. Other companies within the Real Estate industry that increased today were: SYSWIN ( SYSW), up 6.7%, Intergroup Corporation ( INTG), up 3.7%, Tree.com ( TREE), up 2.7%, and Texas Pacific Land ( TPL), up 2.3%.

PennyMac Mortgage Investment Trust is based in the United States. PennyMac Mortgage Investment has a market cap of $598.5 million and is part of the financial sector. The company has a P/E ratio of 7.1, below the average real estate industry P/E ratio of 7.2 and below the S&P 500 P/E ratio of 17.7. Shares are up 15.5% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate PennyMac Mortgage Investment a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates PennyMac Mortgage Investment as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.

On the negative front, E-House China Holdings ( EJ), down 8.5%, MPG Office ( MPG), down 7.1%, Doral Financial ( DRL), down 6.1%, and ZipRealty ( ZIPR), down 6%, were all losers within the real estate industry with Host Hotels & Resorts ( HST) being today's real estate industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).
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