NYSE:PMT PennyMac Mortgage Investment Trust (PMT) Stock Price, News & Analysis $13.76 +0.21 (+1.55%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$13.61▼$13.8150-Day Range$13.32▼$14.9452-Week Range$10.52▼$15.89Volume974,946 shsAverage Volume746,258 shsMarket Capitalization$1.20 billionP/E Ratio9.18Dividend Yield11.62%Price Target$14.93 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get PennyMac Mortgage Investment Trust alerts: Email Address PennyMac Mortgage Investment Trust MarketRank™ Stock AnalysisAnalyst RatingHold2.43 Rating ScoreUpside/Downside8.5% Upside$14.93 Price TargetShort InterestBearish5.80% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.71Based on 28 Articles This WeekInsider TradingAcquiring Shares$10,146 Bought Last QuarterProj. Earnings Growth6.99%From $1.43 to $1.53 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.24 out of 5 starsFinance Sector424th out of 898 stocksReal Estate Investment Trusts Industry86th out of 181 stocks 2.2 Analyst's Opinion Consensus RatingPennyMac Mortgage Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Amount of Analyst CoveragePennyMac Mortgage Investment Trust has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about PennyMac Mortgage Investment Trust's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted5.80% of the float of PennyMac Mortgage Investment Trust has been sold short.Short Interest Ratio / Days to CoverPennyMac Mortgage Investment Trust has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in PennyMac Mortgage Investment Trust has recently increased by 14.52%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipPennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 12.01%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennyMac Mortgage Investment Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of PennyMac Mortgage Investment Trust is 106.67%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 104.58% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend.Read more about PennyMac Mortgage Investment Trust's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PMT. Previous Next 3.7 News and Social Media Coverage News SentimentPennyMac Mortgage Investment Trust has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 28 news articles for PennyMac Mortgage Investment Trust this week, compared to 2 articles on an average week.Search Interest19 people have searched for PMT on MarketBeat in the last 30 days. This is an increase of 73% compared to the previous 30 days.MarketBeat Follows8 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennyMac Mortgage Investment Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $10,146.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.89% of the stock of PennyMac Mortgage Investment Trust is held by insiders.Percentage Held by Institutions67.38% of the stock of PennyMac Mortgage Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about PennyMac Mortgage Investment Trust's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for PennyMac Mortgage Investment Trust are expected to grow by 6.99% in the coming year, from $1.43 to $1.53 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennyMac Mortgage Investment Trust is 9.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of PennyMac Mortgage Investment Trust is 9.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.14.Price to Book Value per Share RatioPennyMac Mortgage Investment Trust has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about PennyMac Mortgage Investment Trust's valuation and earnings. 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Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. 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. The company was incorporated in 2009 and is headquartered in Westlake Village, California.Read More PMT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PMT Stock News HeadlinesJuly 26 at 11:37 AM | americanbankingnews.comB. Riley Reiterates Buy Rating for PennyMac Mortgage Investment Trust (NYSE:PMT)July 25 at 8:04 AM | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Issues Quarterly Earnings ResultsJuly 27, 2024 | The Oxford Club (Ad)Don't Pay a Dime for Marc Lichtenfeld's Top AI PicksUsually, you'd have to plunk down a hefty sum to get your hands on Marc Lichtenfeld's latest income research... But today, the author of Get Rich with Dividends is feeling extra generous...July 25 at 6:54 AM | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Given New $14.50 Price Target at Piper SandlerJuly 25 at 1:42 AM | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Shares Gap Down After Earnings MissJuly 24 at 1:59 PM | seekingalpha.comPennyMac Mortgage Investment Trust (PMT) Q2 2024 Earnings Call TranscriptJuly 24 at 1:59 PM | finance.yahoo.comQ2 2024 PennyMac Mortgage Investment Trust Earnings CallJuly 24 at 8:57 AM | msn.comPennyMac Mortgage Investment Trust (NYSE:PMT) Q2 2024 Earnings Call TranscriptJuly 27, 2024 | The Oxford Club (Ad)Don't Pay a Dime for Marc Lichtenfeld's Top AI PicksUsually, you'd have to plunk down a hefty sum to get your hands on Marc Lichtenfeld's latest income research... But today, the author of Get Rich with Dividends is feeling extra generous...July 23, 2024 | businesswire.comPennyMac Financial Services, Inc. Reports Second Quarter 2024 Results and Increases Quarterly DividendJuly 23, 2024 | finance.yahoo.comPennyMac Mortgage Investment Trust Reports Second Quarter 2024 ResultsJuly 22, 2024 | americanbankingnews.comPennyMac Mortgage Investment Trust (PMT) to Release Quarterly Earnings on TuesdayJuly 20, 2024 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Given New $15.50 Price Target at JMP SecuritiesJuly 19, 2024 | seekingalpha.comPMTU: Due To Better Note Choices, Rating Drops To HoldJune 20, 2024 | seekingalpha.comPennyMac Mortgage Investment Trust: C Series Preferred Offers 8.8% YieldJune 13, 2024 | businesswire.comPennyMac Mortgage Investment Trust Declares Second Quarter 2024 Dividend for Its Common SharesJune 12, 2024 | businesswire.comPennyMac Mortgage Investment Trust Announces SiSi Pouraghabagher Joined Its Board of TrusteesJune 4, 2024 | 247wallst.comWant $10,000 In Passive Income? Invest $12,500 Into These 7 Dividend StocksSee More Headlines Receive PMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennyMac Mortgage Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/26 Dividend7/12/2024Last Earnings7/23/2024Today7/26/2024Dividend Payable7/26/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryMortgage REITs Current SymbolNYSE:PMT CUSIP70931T10 CIK1464423 Webwww.pennymacmortgageinvestmenttrust.com Phone(818) 224-7028Fax818-936-0145Employees7Year FoundedN/APrice Target and Rating Average Stock Price Target$14.93 High Stock Price Target$16.00 Low Stock Price Target$13.50 Potential Upside/Downside+8.5%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$1.50 Trailing P/E Ratio9.18 Forward P/E Ratio9.63 P/E GrowthN/ANet Income$199.65 million Net Margins47.60% Pretax Margin55.83% Return on Equity13.29% Return on Assets1.48% Debt Debt-to-Equity Ratio1.51 Current Ratio0.33 Quick Ratio0.34 Sales & Book Value Annual Sales$429.02 million Price / Sales2.79 Cash Flow$2.56 per share Price / Cash Flow5.37 Book Value$16.10 per share Price / Book0.85Miscellaneous Outstanding Shares86,850,000Free Float86,072,000Market Cap$1.20 billion OptionableOptionable Beta1.51 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. David A. Spector (Age 61)Chairman of the Board & CEO Mr. Douglas Edward Jones (Age 67)President, Chief Mortgage Banking Officer & Director Mr. Daniel Stanley Perotti (Age 43)Senior MD & CFO Mr. Derek W. Stark J.D. (Age 56)Senior MD, Chief Legal Officer & Secretary Mr. William Chang (Age 46)Senior MD & Chief Investment Officer Mr. Gregory L. Hendry (Age 63)Chief Accounting Officer Mr. Kevin ChamberlainExecutive Vice President of Investor RelationsMr. James Follette (Age 51)Senior MD & Chief Digital Officer Mr. Scott BridgesSenior Managing Director of Consumer Direct Lending DivisionMs. Pamela K. Marsh CPAMD & TreasurerMore ExecutivesKey CompetitorsApollo Commercial Real Estate FinanceNYSE:ARIReady CapitalNYSE:RCTwo Harbors InvestmentNYSE:TWOChimera InvestmentNYSE:CIMMFA FinancialNYSE:MFAView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpBought 9,506 shares on 7/26/2024Ownership: 0.912%Allspring Global Investments Holdings LLCBought 12,872 shares on 7/26/2024Ownership: 0.015%Louisiana State Employees Retirement SystemBought 800 shares on 7/24/2024Ownership: 0.050%QRG Capital Management Inc.Bought 21,943 shares on 7/12/2024Ownership: 0.025%California State Teachers Retirement SystemSold 4,971 shares on 5/16/2024Ownership: 0.100%View All Insider TransactionsView All Institutional Transactions PMT Stock Analysis - Frequently Asked Questions How have PMT shares performed this year? PennyMac Mortgage Investment Trust's stock was trading at $14.95 at the beginning of the year. Since then, PMT shares have decreased by 7.9% and is now trading at $13.7650. View the best growth stocks for 2024 here. How were PennyMac Mortgage Investment Trust's earnings last quarter? PennyMac Mortgage Investment Trust (NYSE:PMT) released its earnings results on Tuesday, July, 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.17. The real estate investment trust had revenue of $71.20 million for the quarter, compared to analysts' expectations of $90.26 million. PennyMac Mortgage Investment Trust had a net margin of 47.60% and a trailing twelve-month return on equity of 13.29%. Who are PennyMac Mortgage Investment Trust's major shareholders? PennyMac Mortgage Investment Trust's top institutional shareholders include Bank of New York Mellon Corp (0.91%), Louisiana State Employees Retirement System (0.05%), QRG Capital Management Inc. (0.03%) and Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Stacey D Stewart, Catherine A Lynch, Scott W Carnahan and Marianne Sullivan. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of PennyMac Mortgage Investment Trust own? Based on aggregate information from My MarketBeat watchlists, some other companies that PennyMac Mortgage Investment Trust investors own include New Residential Investment (NRZ), Energy Transfer (ET), AT&T (T), Enterprise Products Partners (EPD), New York Mortgage Trust (NYMT), Annaly Capital Management (NLY) and Prospect Capital (PSEC). 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