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NYSE:PMT

PennyMac Mortgage Investment Trust - PMT Stock Forecast, Price & News

$15.25
-0.04 (-0.26%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.03
$15.39
50-Day Range
$11.93
$16.53
52-Week Range
$11.64
$20.72
Volume
960,298 shs
Average Volume
1.16 million shs
Market Capitalization
$1.48 billion
P/E Ratio
N/A
Dividend Yield
12.30%
Price Target
$17.97

PennyMac Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
17.8% Upside
$17.97 Price Target
Short Interest
Bearish
5.56% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.25mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
112.50%
From $0.88 to $1.87 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Finance Sector

518th out of 885 stocks

Real Estate Investment Trusts Industry

114th out of 197 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. 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.

PennyMac Mortgage Investment Trust Trading Down 1.2 %

Shares of PennyMac Mortgage Investment Trust stock opened at $15.29 on Tuesday. The business has a fifty day simple moving average of $14.57 and a 200-day simple moving average of $15.55. The company has a quick ratio of 0.52, a current ratio of 0.45 and a debt-to-equity ratio of 1.42. PennyMac Mortgage Investment Trust has a 12 month low of $11.64 and a 12 month high of $20.72.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Investors of record on Thursday, July 14th were given a dividend of $0.47 per share. The ex-dividend date was Wednesday, July 13th. This represents a $1.88 dividend on an annualized basis and a yield of 12.30%. PennyMac Mortgage Investment Trust's payout ratio is -97.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JMP Securities reduced their price target on PennyMac Mortgage Investment Trust from $22.00 to $18.00 and set a "market outperform" rating for the company in a report on Tuesday, April 26th. Credit Suisse Group reduced their target price on PennyMac Mortgage Investment Trust to $16.50 in a report on Friday, July 22nd. TheStreet downgraded PennyMac Mortgage Investment Trust from a "c-" rating to a "d" rating in a report on Friday, May 6th. Piper Sandler cut their price target on PennyMac Mortgage Investment Trust from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, June 28th. Finally, StockNews.com downgraded PennyMac Mortgage Investment Trust from a "hold" rating to a "sell" rating in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.97.

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PMT Stock News Headlines

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PMT Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 7/28 Dividend
7/13/2022
Dividend Payable
7/28/2022
Today
8/09/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$17.97
High Stock Price Forecast
$19.75
Low Stock Price Forecast
$16.50
Forecasted Upside/Downside
+17.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$56.85 million
Pretax Margin
-40.85%

Debt

Sales & Book Value

Annual Sales
$420.30 million
Cash Flow
$0.85 per share
Book Value
$18.82 per share

Miscellaneous

Free Float
96,614,000
Market Cap
$1.48 billion
Optionable
Optionable
Beta
1.17

Key Executives

  • Mr. David A. Spector (Age 59)
    Chairman & CEO
  • Mr. Douglas Edward Jones (Age 65)
    Pres & Chief Mortgage Banking Officer
  • Mr. Daniel Stanley Perotti (Age 41)
    Sr. MD & CFO
  • Mr. Vandad Fartaj (Age 47)
    Sr. MD & Chief Investment Officer
  • Mr. Gregory L. Hendry (Age 61)
    Chief Accounting Officer
  • Mr. Kevin Chamberlain
    Exec. VP of Investor Relations
  • Mr. Derek W. Stark J.D. (Age 54)
    Sr. MD, Chief Legal Officer & Sec.
  • Ms. Anne D. McCallion (Age 67)
    Sr. MD & Chief Enterprise Operations Officer
  • Mr. Jeffrey P. Grogin (Age 62)
    Sr. Managing Director of Gov. Relations
  • Mr. Steven Richard Bailey (Age 60)
    Sr. MD & Chief Mortgage Operations Officer













PMT Stock - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PMT shares.
View PMT analyst ratings
or view top-rated stocks.

What is PennyMac Mortgage Investment Trust's stock price forecast for 2022?

7 analysts have issued 12-month price objectives for PennyMac Mortgage Investment Trust's stock. Their PMT share price forecasts range from $16.50 to $19.75. On average, they predict the company's share price to reach $17.97 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
View analysts price targets for PMT
or view top-rated stocks among Wall Street analysts.

How has PennyMac Mortgage Investment Trust's stock price performed in 2022?

PennyMac Mortgage Investment Trust's stock was trading at $17.33 at the beginning of 2022. Since then, PMT shares have decreased by 12.7% and is now trading at $15.13.
View the best growth stocks for 2022 here
.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,050,000 shares, an increase of 36.1% from the June 30th total of 3,710,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 5.6% of the company's stock are sold short.
View PennyMac Mortgage Investment Trust's Short Interest
.

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

PennyMac Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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 analysts' consensus estimates of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a negative trailing twelve-month return on equity of 8.79% and a negative net margin of 76.32%. During the same quarter in the prior 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, June 2nd. Investors of record on Thursday, July 14th will be given a dividend of $0.47 per share on Thursday, July 28th. This represents a $1.88 annualized dividend and a yield of 12.43%. The ex-dividend date of this dividend is Wednesday, July 13th.
Read our dividend analysis for PMT
.

Is PennyMac Mortgage Investment Trust a good dividend stock?

PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.88 per share and currently has a dividend yield of 12.15%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 many different retail and institutional investors. Top institutional investors include Van ECK Associates Corp (0.42%), Smith Graham & Co. Investment Advisors LP (0.37%), Swiss National Bank (0.23%), Centaurus Financial Inc. (0.22%), Advisors Asset Management Inc. (0.13%) and Comerica Bank (0.08%). Insiders that own company stock include Doug Jones, Frank P Willey, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Scott W Carnahan, Stacey D Stewart and Sullivan Marianne.
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 $15.13.

How much money does PennyMac Mortgage Investment Trust make?

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.47 billion and generates $420.30 million in revenue each year. The real estate investment trust earns $56.85 million in net income (profit) each year or ($1.93) on an earnings per share basis.

How many employees does PennyMac Mortgage Investment Trust have?

PennyMac Mortgage Investment Trust employs 1 workers across the globe.

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 8/9/2022 by MarketBeat.com Staff

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