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NYSE:PMT

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

$12.26
-0.18 (-1.45%)
(As of 11:44 AM ET)
Compare
Today's Range
$12.14
$12.37
50-Day Range
$11.10
$12.52
52-Week Range
$10.78
$16.60
Volume
196,851 shs
Average Volume
800,880 shs
Market Capitalization
$1.07 billion
P/E Ratio
N/A
Dividend Yield
13.05%
Price Target
$14.67

PennyMac Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
17.9% Upside
$14.67 Price Target
Short Interest
Healthy
3.35% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$175,191 Sold Last Quarter
Proj. Earnings Growth
1.21%
From $1.65 to $1.67 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Finance Sector

559th out of 871 stocks

Real Estate Investment Trusts Industry

115th out of 192 stocks


PMT stock logo

About PennyMac Mortgage Investment Trust (NYSE:PMT) Stock

PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on

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PMT Stock News Headlines

PMT-PB - PennyMac Mortgage Investment Trust
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What 4 Analyst Ratings Have To Say About PennyMac Mortgage
PennyMac Mortgage (PMT) Gets a Hold from Barclays
See More Headlines

PMT Price History

PMT Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 4/28 Dividend
4/13/2023
Dividend Payable
4/28/2023
Today
6/05/2023
Next Earnings (Estimated)
8/01/2023
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
$14.67
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$12.50
Forecasted Upside/Downside
+17.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-73,290,000.00
Pretax Margin
26.84%

Debt

Sales & Book Value

Annual Sales
$303.77 million
Book Value
$15.98 per share

Miscellaneous

Free Float
86,768,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
1.44

Key Executives

  • David A. Spector
    Chairman-Trustees Board & CEO
  • Doug Jones
    President & Non-Independent Trustee
  • Daniel Stanley Perotti
    Chief Financial Officer & Senior Managing Director
  • William Chang
    Chief Investment Officer & Senior MD
  • Jeffrey P. Grogin
    Chief Enterprise Operations Officer & Senior MD













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 brokers have issued 12-month price objectives for PennyMac Mortgage Investment Trust's stock. Their PMT share price forecasts range from $12.50 to $16.00. On average, they anticipate the company's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 17.9% 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 beginning of the year. Since then, PMT shares have increased by 0.4% and is now trading at $12.44.
View the best growth stocks for 2023 here
.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,900,000 shares, an increase of 19.8% from the April 30th total of 2,420,000 shares. Based on an average daily volume of 847,600 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.4% of the company's shares are sold short.
View PennyMac Mortgage Investment Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our PMT earnings forecast
.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its earnings results 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 2.09% and a trailing twelve-month return on equity of 0.45%. During the same period in the prior year, the business earned $0.78 earnings per share.

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, March 15th. Shareholders of record on Friday, April 14th will be given a dividend of $0.40 per share on Friday, April 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.86%. The ex-dividend date of this dividend is Thursday, April 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 $1.60 per share and currently has a dividend yield of 12.86%. 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (18.16%), State Street Corp (3.94%), Geode Capital Management LLC (1.99%), Charles Schwab Investment Management Inc. (1.32%), JPMorgan Chase & Co. (1.26%) and Bank of New York Mellon Corp (1.06%). 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 $12.44.

How much money does PennyMac Mortgage Investment Trust make?

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.09 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 ($0.44) 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 6/5/2023 by MarketBeat.com Staff

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