PennyMac Mortgage Investment Trust Stock Price, News & Analysis (NYSE:PMT) $14.40 +0.02 (+0.14%) (As of 02:55 PM ET) Add Compare Share Share Today's Range$14.19▼$14.4250-Day Range$10.57▼$14.6452-Week Range$10.52▼$15.57Volume276,908 shsAverage Volume712,140 shsMarket Capitalization$1.25 billionP/E Ratio13.09Dividend Yield11.11%Price Target$14.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media PennyMac Mortgage Investment Trust MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside1.3% Upside$14.50 Price TargetShort InterestBearish3.15% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.19Based on 5 Articles This WeekInsider TradingAcquiring Shares$8,727 Bought Last QuarterProj. Earnings Growth-7.24%From $1.52 to $1.41 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.94 out of 5 starsFinance Sector441st out of 687 stocksReal Estate Investment Trusts Industry91st out of 142 stocks 1.1 Analyst's Opinion Consensus RatingPennyMac Mortgage Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.50, PennyMac Mortgage Investment Trust has a forecasted upside of 1.3% from its current price of $14.32.Amount of Analyst CoveragePennyMac Mortgage Investment Trust has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted3.15% 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 4.3.Change versus previous monthShort interest in PennyMac Mortgage Investment Trust has recently increased by 0.75%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend LeadershipPennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 11.11%, 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 145.46%. 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 113.48% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current 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 3.4 News and Social Media Coverage News SentimentPennyMac Mortgage Investment Trust has a news sentiment score of 1.19. 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 0.57 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for PennyMac Mortgage Investment Trust this week, compared to 2 articles on an average week.Search Interest20 people have searched for PMT on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% 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 $8,727.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.90% of the stock of PennyMac Mortgage Investment Trust is held by insiders.Percentage Held by Institutions66.89% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PennyMac Mortgage Investment Trust are expected to decrease by -7.24% in the coming year, from $1.52 to $1.41 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennyMac Mortgage Investment Trust is 13.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.68.Price to Earnings Ratio vs. SectorThe P/E ratio of PennyMac Mortgage Investment Trust is 13.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 54.15.Price to Book Value per Share RatioPennyMac Mortgage Investment Trust has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About PennyMac Mortgage Investment Trust Stock (NYSE:PMT)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.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 HeadlinesDecember 7, 2023 | msn.comUBS Initiates Coverage of Pennymac Mortgage Investment Trust (PMT) with Neutral RecommendationDecember 7, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Coverage Initiated at UBS GroupDecember 8, 2023 | Financial Alphas (Ad)Recent Reports Are A Wake-Up Call For InvestorsAs the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.December 6, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares Fourth Quarter 2023 Dividend for Its Common SharesOctober 30, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: LPL Financial (LPLA) and PennyMac Mortgage (PMT)October 27, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust (NYSE:PMT) Q3 2023 Earnings Call TranscriptOctober 27, 2023 | finance.yahoo.comQ3 2023 PennyMac Mortgage Investment Trust Earnings CallOctober 26, 2023 | seekingalpha.comPennyMac Mortgage Investment Trust 2023 Q3 - Results - Earnings Call PresentationDecember 8, 2023 | Financial Alphas (Ad)Recent Reports Are A Wake-Up Call For InvestorsAs the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.October 26, 2023 | msn.comPennyMac Mortgage Investment Trust GAAP EPS of $0.51October 26, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Reports Third Quarter 2023 ResultsOctober 26, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust (PMT) Reports Q3 2023 EarningsOctober 25, 2023 | markets.businessinsider.comHere's what Wall Street expects from PennyMac Mortgage Investment Trust's earningsOctober 11, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust's Dividend AnalysisOctober 7, 2023 | finance.yahoo.comInvestors in PennyMac Mortgage Investment Trust (NYSE:PMT) have seen returns of 5.2% over the past five yearsSeptember 18, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Announces Pricing of Public Offering of Senior NotesSeptember 8, 2023 | finance.yahoo.comInvestors in This REIT Got a ‘Nasty’ Surprise. Why It Pays to Read the Fine Print.August 31, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares Third Quarter 2023 Dividend for Its Common SharesAugust 29, 2023 | seekingalpha.comPennyMac: And Now For Something Different For Preferred HoldersAugust 28, 2023 | msn.comHow PennyMac Is Hurting Their Preferred ShareholdersAugust 28, 2023 | seekingalpha.comPennyMac: Pound FoolishAugust 25, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Announces LIBOR Replacement Rate for its Series A and Series B Preferred SharesJuly 28, 2023 | seekingalpha.comPennyMac Mortgage Investment Trust Pfd. Series A: The Next To FloatJuly 28, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Reports Second Quarter 2023 ResultsJuly 28, 2023 | finance.yahoo.comQ2 2023 PennyMac Financial Services Inc Earnings Call (QnA Session)July 28, 2023 | finance.yahoo.comQ2 2023 PennyMac Mortgage Investment Trust Earnings CallJuly 27, 2023 | seekingalpha.comPennyMac Mortgage Investment Trust 2023 Q2 - Results - Earnings Call PresentationSee 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 Last Earnings2/03/2022Ex-Dividend for 10/27 Dividend10/12/2023Dividend Payable10/27/2023Today12/08/2023Ex-Dividend for 1/26 Dividend12/28/2023Fiscal Year End12/31/2023Dividend Payable1/26/2024Next Earnings (Estimated)2/01/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryMortgage REITs SectorFinance Current SymbolNYSE:PMT CUSIP70931T10 CIK1464423 Webwww.pennymacmortgageinvestmenttrust.com Phone(818) 224-7028Fax818-936-0145Employees1Year FoundedN/APrice Target and Rating Average Stock Price Target$14.50 High Stock Price Target$16.00 Low Stock Price Target$13.50 Potential Upside/Downside+0.8%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.10 Trailing P/E Ratio13.08 Forward P/E Ratio9.47 P/E GrowthN/ANet Income$-73,290,000.00 Net Margins38.47% Pretax Margin50.45% Return on Equity10.72% Return on Assets1.08% Debt Debt-to-Equity Ratio1.35 Current Ratio0.31 Quick Ratio0.31 Sales & Book Value Annual Sales$303.77 million Price / Sales4.10 Cash FlowN/A Price / Cash FlowN/A Book Value$15.98 per share Price / Book0.90Miscellaneous Outstanding Shares86,620,000Free Float85,844,000Market Cap$1.25 billion OptionableOptionable Beta1.46 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. David A. Spector (Age 60)Chairman of the Board & CEO Mr. Douglas Edward Jones (Age 66)President, Chief Mortgage Banking Officer & Director Mr. Daniel Stanley Perotti (Age 42)Senior MD & CFO Mr. Derek W. Stark J.D. (Age 55)Senior MD, Chief Legal Officer & Secretary Mr. William ChangSenior MD & Chief Investment OfficerMr. Gregory L. Hendry (Age 62)Chief Accounting Officer Mr. Kevin ChamberlainExecutive Vice President of Investor RelationsMr. James Follette (Age 50)Senior MD & Chief Mortgage Operations Officer Mr. Scott BridgesSenior Managing Director of Consumer Direct Lending DivisionMs. Pamela K. Marsh CPAMD & TreasurerMore ExecutivesKey CompetitorsTwo Harbors InvestmentNYSE:TWOChimera InvestmentNYSE:CIMMFA FinancialNYSE:MFAApollo Commercial Real Estate FinanceNYSE:ARIARMOUR Residential REITNYSE:ARRView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 30,126 shares on 12/6/2023Ownership: 0.039%B. Riley Wealth Advisors Inc.Bought 4,041 shares on 12/1/2023Ownership: 0.208%Deutsche Bank AGBought 4,878 shares on 11/24/2023Ownership: 0.051%Public Sector Pension Investment BoardSold 48,179 shares on 11/22/2023Ownership: 0.124%Jacobs Levy Equity Management Inc.Bought 82,512 shares on 11/17/2023Ownership: 0.095%View All Insider TransactionsView All Institutional Transactions PMT Stock Analysis - Frequently Asked Questions Should I buy or sell PennyMac Mortgage Investment Trust stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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 target for 2024? 5 brokers have issued 12 month price targets for PennyMac Mortgage Investment Trust's shares. Their PMT share price targets range from $13.50 to $16.00. On average, they expect the company's share price to reach $14.50 in the next year. This suggests a possible upside of 1.3% 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 at the start of the year. Since then, PMT shares have increased by 15.6% and is now trading at $14.32. 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, February 1st 2024. View our PMT earnings forecast. How were PennyMac Mortgage Investment Trust's earnings last quarter? PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings data on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 38.47% and a trailing twelve-month return on equity of 10.72%. During the same quarter in the previous year, the business 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 Wednesday, December 6th. Investors of record on Friday, December 29th will be paid a dividend of $0.40 per share on Friday, January 26th. This represents a $1.60 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Thursday, December 28th. 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 $1.60 per share and currently has a dividend yield of 11.11%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 145.46%. 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 113.48% 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 ETFs hold PennyMac Mortgage Investment Trust's stock? ETFs with the largest weight of PennyMac Mortgage Investment Trust (NYSE:PMT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and VanEck Mortgage REIT Income ETF (MORT).iShares Mortgage Real Estate ETF (REM). What other stocks do shareholders of PennyMac Mortgage Investment Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Prospect Capital (PSEC), AGNC Investment (AGNC), Invesco Mortgage Capital (IVR) and Main Street Capital (MAIN). Who are PennyMac Mortgage Investment Trust's major shareholders? PennyMac Mortgage Investment Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (1.74%), Charles Schwab Investment Management Inc. (1.50%), Invesco Ltd. (1.40%), Northern Trust Corp (1.06%), Bank of New York Mellon Corp (0.97%) and Mirae Asset Global Investments Co. Ltd. (0.74%). 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. This page (NYSE:PMT) was last updated on 12/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PennyMac Mortgage Investment Trust Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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