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PennyMac Mortgage Investment Trust (PMT) Stock Forecast, Price & News

$12.09
+0.01 (+0.08%)
(As of 09/27/2023 ET)
Compare
Today's Range
$11.99
$12.23
50-Day Range
$12.08
$14.40
52-Week Range
$10.78
$15.77
Volume
476,673 shs
Average Volume
732,283 shs
Market Capitalization
$1.05 billion
P/E Ratio
20.15
Dividend Yield
13.23%
Price Target
$14.83

PennyMac Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
22.7% Upside
$14.83 Price Target
Short Interest
Healthy
3.51% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.65mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$88,694 Sold Last Quarter
Proj. Earnings Growth
14.88%
From $1.21 to $1.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.77 out of 5 stars

Finance Sector

208th out of 870 stocks

Real Estate Investment Trusts Industry

41st out of 180 stocks


PMT stock logo

About PennyMac Mortgage Investment Trust (NYSE:PMT) Stock

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. It operates through four segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production, and Corporate. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities. The company's Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.

PMT Price History

PMT Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
PennyMac: Pound Foolish
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
PMT-PA - PennyMac Mortgage Investment Trust
Pennymac Mortgage Review
PMT-PB - PennyMac Mortgage Investment Trust
What 4 Analyst Ratings Have To Say About PennyMac Mortgage
See More Headlines
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PMT Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 7/28 Dividend
7/13/2023
Dividend Payable
7/28/2023
Today
9/27/2023
Ex-Dividend for 10/27 Dividend
10/12/2023
Next Earnings (Estimated)
10/26/2023
Dividend Payable
10/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
70931T10
Employees
1
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.83
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+23.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-73,290,000.00
Pretax Margin
44.74%

Debt

Sales & Book Value

Annual Sales
$303.77 million
Book Value
$15.98 per share

Miscellaneous

Free Float
85,979,000
Market Cap
$1.04 billion
Optionable
Optionable
Beta
1.45
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Key Executives

  • Mr. David A. Spector (Age 60)
    Chairman & CEO
  • Mr. Douglas Edward Jones (Age 66)
    Pres, Chief Mortgage Banking Officer & Director
  • Mr. Daniel Stanley Perotti (Age 42)
    Sr. MD & CFO
  • Mr. Derek W. Stark J.D. (Age 55)
    Sr. MD, Chief Legal Officer & Sec.
  • Mr. William Chang
    Sr. MD & Chief Investment Officer
  • Mr. Gregory L. Hendry (Age 62)
    Chief Accounting Officer
  • Mr. Kevin Chamberlain
    Exec. VP of Investor Relations
  • Mr. James Follette (Age 50)
    Sr. MD & Chief Mortgage Operations Officer
  • Mr. Scott Bridges
    Sr. Managing Director of Consumer Direct Lending Division
  • Ms. Pamela K. Marsh CPA
    MD & Treasurer













PMT Stock - Frequently Asked Questions

Should I buy or sell PennyMac Mortgage Investment Trust stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares.
View PMT analyst ratings
or view top-rated stocks.

What is PennyMac Mortgage Investment Trust's stock price forecast for 2023?

6 analysts have issued 1-year price targets for PennyMac Mortgage Investment Trust's shares. Their PMT share price forecasts range from $14.00 to $16.00. On average, they expect the company's share price to reach $14.83 in the next year. This suggests a possible upside of 23.3% from the stock's current price.
View analysts price targets for PMT
or view top-rated stocks among Wall Street analysts.

How have PMT shares performed in 2023?

PennyMac Mortgage Investment Trust's stock was trading at $12.39 on January 1st, 2023. Since then, PMT shares have decreased by 2.9% and is now trading at $12.03.
View the best growth stocks for 2023 here
.

When is PennyMac Mortgage Investment Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PMT earnings forecast
.

How were PennyMac Mortgage Investment Trust's earnings last quarter?

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 26.73% and a trailing twelve-month return on equity of 7.13%. During the same quarter in the previous year, the firm posted $0.78 EPS.

How often does PennyMac Mortgage Investment Trust pay dividends? What is the dividend yield for PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust declared a quarterly dividend on Thursday, August 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.40 per share on Friday, October 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.30%. The ex-dividend date of this dividend is Thursday, October 12th.
Read our dividend analysis for PMT
.

What ETFs hold PennyMac Mortgage Investment Trust's stock?
Is PennyMac Mortgage Investment Trust a good dividend stock?

PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 13.00%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 266.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PMT will have a dividend payout ratio of 115.11% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PMT.

What other stocks do shareholders of PennyMac Mortgage Investment Trust own?
What is PennyMac Mortgage Investment Trust's stock symbol?

PennyMac Mortgage Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PMT."

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.75%), State Street Corp (3.98%), Goldman Sachs Group Inc. (2.64%), JPMorgan Chase & Co. (2.32%), Geode Capital Management LLC (2.00%) and Vaughan Nelson Investment Management L.P. (1.40%). Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Marianne Sullivan, Scott W Carnahan, Scott W Carnahan and Stacey D Stewart.
View institutional ownership trends
.

How do I buy shares of PennyMac Mortgage Investment Trust?

Shares of PMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PennyMac Mortgage Investment Trust's stock price today?

One share of PMT stock can currently be purchased for approximately $12.03.

How much money does PennyMac Mortgage Investment Trust make?

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.04 billion and generates $303.77 million in revenue each year. The real estate investment trust earns $-73,290,000.00 in net income (profit) each year or $0.60 on an earnings per share basis.

How can I contact PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust's mailing address is 3043 Townsgate Road, Westlake Village CA, 91361. The official website for the company is www.pennymacmortgageinvestmenttrust.com. The real estate investment trust can be reached via phone at (818) 224-7028, via email at investorrelations@pnmac.com, or via fax at 818-936-0145.

This page (NYSE:PMT) was last updated on 9/27/2023 by MarketBeat.com Staff

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