PennyMac Mortgage Investment Trust (PMT) to Release Earnings on Tuesday

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) is projected to post its Q2 2025 quarterly earnings results after the market closes on Tuesday, July 22nd. Analysts expect PennyMac Mortgage Investment Trust to post earnings of $0.36 per share and revenue of $95.46 million for the quarter.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.39). PennyMac Mortgage Investment Trust had a net margin of 40.42% and a return on equity of 8.87%. The company had revenue of $44.47 million during the quarter, compared to analyst estimates of $94.36 million. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, analysts expect PennyMac Mortgage Investment Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PennyMac Mortgage Investment Trust Price Performance

Shares of PennyMac Mortgage Investment Trust stock traded down $0.15 during trading on Friday, reaching $12.49. 544,479 shares of the company's stock were exchanged, compared to its average volume of 819,580. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.63 and a current ratio of 0.63. PennyMac Mortgage Investment Trust has a 1-year low of $11.77 and a 1-year high of $14.93. The company has a market cap of $1.09 billion, a P/E ratio of 13.43, a PEG ratio of 1.46 and a beta of 1.24. The firm's 50-day moving average price is $12.67 and its 200 day moving average price is $13.16.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.82%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is currently 172.04%.

Analysts Set New Price Targets

PMT has been the subject of a number of research analyst reports. Jones Trading reissued a "hold" rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 24th. UBS Group lowered their price target on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company lowered their price target on PennyMac Mortgage Investment Trust from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods lowered their price target on PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an "outperform" rating for the company in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, PennyMac Mortgage Investment Trust currently has a consensus rating of "Hold" and a consensus target price of $14.50.

Insider Transactions at PennyMac Mortgage Investment Trust

In other news, Director Catherine A. Lynch bought 2,878 shares of the stock in a transaction on Thursday, April 24th. The stock was acquired at an average price of $12.15 per share, with a total value of $34,967.70. Following the acquisition, the director directly owned 49,254 shares in the company, valued at approximately $598,436.10. This trade represents a 6.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PennyMac Mortgage Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in PMT. AQR Capital Management LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 36.7% in the first quarter. AQR Capital Management LLC now owns 16,155 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 4,335 shares during the period. Intech Investment Management LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 1.3% in the first quarter. Intech Investment Management LLC now owns 109,272 shares of the real estate investment trust's stock valued at $1,601,000 after buying an additional 1,411 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust in the first quarter valued at about $4,166,000. Institutional investors and hedge funds own 67.38% of the company's stock.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.