NYSE:PMT - PennyMac Mortgage Investment Trust Stock Price, Price Target & More

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

PennyMac Mortgage Investment Trust declared a quarterly dividend on Thursday, June 28th. Stockholders of record on Friday, July 13th will be paid a dividend of $0.47 per share on Monday, July 30th. This represents a $1.88 annualized dividend and a dividend yield of 10.01%. The ex-dividend date is Thursday, July 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its board has approved a share buyback program on Thursday, December 21st 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The real estate investment trust earned $75.67 million during the quarter, compared to the consensus estimate of $80.20 million. PennyMac Mortgage Investment Trust had a return on equity of 7.28% and a net margin of 33.00%. During the same period in the prior year, the company earned $0.47 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for PennyMac Mortgage Investment Trust.

1 equities research analysts have issued 1-year target prices for PennyMac Mortgage Investment Trust's shares. Their predictions range from $18.00 to $18.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $18.00 in the next year. This suggests that the stock has a possible downside of 4.2%. View Analyst Ratings for PennyMac Mortgage Investment Trust.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to PennyMac Mortgage Investment Trust include Life Storage (LSI), Gramercy Property Trust (GPT), Ryman Hospitality Properties (RHP), JBG SMITH Properties (JBGS), Senior Housing Properties Trust (SNH), Apple Hospitality REIT (APLE), RLJ Lodging Trust (RLJ), First Industrial Realty Trust (FR), Cousins Properties (CUZ), Sabra Health Care REIT (SBRA), CoreSite Realty (COR), LaSalle Hotel Properties (LHO), Weingarten Realty Investors (WRI), Equity Commonwealth (EQC) and Paramount Group (PGRE).

News headlines about PMT stock have been trending somewhat negative this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of -0.04 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 43.63 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

PennyMac Mortgage Investment Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Nisa Investment Advisors LLC (0.02%) and Fox Run Management L.L.C. (0.02%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Steven Richard Bailey and Vandad Fartaj. View Institutional Ownership Trends for PennyMac Mortgage Investment Trust.

PMT stock was bought by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Fox Run Management L.L.C.. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Marianne Sullivan and Scott W Carnahan. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

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

One share of PMT stock can currently be purchased for approximately $18.78.

PennyMac Mortgage Investment Trust has a market capitalization of $1.14 billion and generates $317.94 million in revenue each year. The real estate investment trust earns $117.74 million in net income (profit) each year or $1.30 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 3 workers across the globe.

PennyMac Mortgage Investment Trust's mailing address is 3043 Townsgate Road, Westlake Village CA, 91361. The real estate investment trust can be reached via phone at 818-224-7442 or via email at [email protected]