Positive News SentimentPositive NewsNYSE:PMT PennyMac Mortgage Investment Trust (PMT) Stock Forecast, Price & News $12.09 +0.01 (+0.08%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$11.99▼$12.2350-Day Range$12.08▼$14.4052-Week Range$10.78▼$15.77Volume476,673 shsAverage Volume732,283 shsMarket Capitalization$1.05 billionP/E Ratio20.15Dividend Yield13.23%Price Target$14.83 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media PennyMac Mortgage Investment Trust MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside22.7% Upside$14.83 Price TargetShort InterestHealthy3.51% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.65Based on 2 Articles This WeekInsider TradingSelling Shares$88,694 Sold Last QuarterProj. Earnings Growth14.88%From $1.21 to $1.39 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.2.77 out of 5 starsFinance Sector208th out of 870 stocksReal Estate Investment Trusts Industry41st out of 180 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 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.83, PennyMac Mortgage Investment Trust has a forecasted upside of 22.7% from its current price of $12.09.Amount of Analyst CoveragePennyMac Mortgage Investment Trust has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.51% 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.Change versus previous monthShort interest in PennyMac Mortgage Investment Trust has recently decreased by 5.64%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipPennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 13.00%, 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 266.67%. 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 115.11% 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 3.1 News and Social Media Coverage News SentimentPennyMac Mortgage Investment Trust has a news sentiment score of 1.65. 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 0.80 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for PennyMac Mortgage Investment Trust this week, compared to 2 articles on an average week.Search InterestOnly 17 people have searched for PMT on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.MarketBeat Follows9 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennyMac Mortgage Investment Trust insiders have sold 567.93% more of their company's stock than they have bought. Specifically, they have bought $13,279.00 in company stock and sold $88,694.00 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 3.1 Earnings and Valuation Earnings GrowthEarnings for PennyMac Mortgage Investment Trust are expected to grow by 14.88% in the coming year, from $1.21 to $1.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennyMac Mortgage Investment Trust is 20.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.23.Price to Earnings Ratio vs. SectorThe P/E ratio of PennyMac Mortgage Investment Trust is 20.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 77.80.Price to Book Value per Share RatioPennyMac Mortgage Investment Trust has a P/B Ratio of 0.76. 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 (NYSE:PMT) StockPennyMac 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PMT Stock News HeadlinesSeptember 22, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Shares Pass Above 200-Day Moving Average of $12.59September 18, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Announces Pricing of Public Offering of Senior NotesSeptember 27, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.September 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 FoolishSeptember 27, 2023 | Chaikin Analytics (Ad)This Stock Could Go Up 66% or More.Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.August 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 PresentationJuly 21, 2023 | msn.comJMP Securities Maintains Pennymac Mortgage Investment Trust (PMT) Outperform RecommendationJuly 21, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Insiders Added US$668k Of Stock To Their HoldingsJuly 10, 2023 | msn.comRevisiting The MFA Preferreds With A Comparison To PennyMac PreferredsJune 20, 2023 | seekingalpha.comPennyMac Mortgage: The 12% Yield Comes With A 17% Discount To BookJune 19, 2023 | uk.finance.yahoo.comPMT-PA - PennyMac Mortgage Investment TrustJune 6, 2023 | forbes.comPennymac Mortgage ReviewJune 2, 2023 | ca.finance.yahoo.comPMT-PB - PennyMac Mortgage Investment TrustJune 2, 2023 | finance.yahoo.comRecent uptick might appease PennyMac Mortgage Investment Trust (NYSE:PMT) institutional owners after losing 16% over the past yearMay 25, 2023 | seekingalpha.comPennyMac Mortgage Investment Trust: Recovery Is On The WayMay 18, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares Second Quarter 2023 Dividends for Its Preferred SharesMay 8, 2023 | finance.yahoo.comPennyMac Mortgage Outperforms Its Peers With an Increase in Book Value Per ShareMay 2, 2023 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About PennyMac MortgageSee 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 PMT Company Calendar Last Earnings2/03/2022Ex-Dividend for 7/28 Dividend7/13/2023Dividend Payable7/28/2023Today9/27/2023Ex-Dividend for 10/27 Dividend10/12/2023Next Earnings (Estimated)10/26/2023Dividend Payable10/27/2023Fiscal Year End12/31/2023Get 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 Forecast$14.83 High Stock Price Forecast$16.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+23.3%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$0.60 Trailing P/E Ratio20.05 Forward P/E Ratio9.94 P/E GrowthN/ANet Income$-73,290,000.00 Net Margins26.73% Pretax Margin44.74% Return on Equity7.13% Return on Assets0.72% Debt Debt-to-Equity Ratio1.40 Current Ratio0.33 Quick Ratio0.33 Sales & Book Value Annual Sales$303.77 million Price / Sales3.44 Cash FlowN/A Price / Cash FlowN/A Book Value$15.98 per share Price / Book0.75Miscellaneous Outstanding Shares86,760,000Free Float85,979,000Market Cap$1.04 billion OptionableOptionable Beta1.45 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. David A. Spector (Age 60)Chairman & CEO Mr. Douglas Edward Jones (Age 66)Pres, Chief Mortgage Banking Officer & Director Mr. Daniel Stanley Perotti (Age 42)Sr. MD & CFO Mr. Derek W. Stark J.D. (Age 55)Sr. MD, Chief Legal Officer & Sec. Mr. William ChangSr. MD & Chief Investment OfficerMr. Gregory L. Hendry (Age 62)Chief Accounting Officer Mr. Kevin ChamberlainExec. VP of Investor RelationsMr. James Follette (Age 50)Sr. MD & Chief Mortgage Operations Officer Mr. Scott BridgesSr. Managing Director of Consumer Direct Lending DivisionMs. Pamela K. Marsh CPAMD & TreasurerMore ExecutivesKey CompetitorsMFA FinancialNYSE:MFAARMOUR Residential REITNYSE:ARRTwo Harbors InvestmentNYSE:TWORedwood TrustNYSE:RWTChimera InvestmentNYSE:CIMView All CompetitorsInsiders & InstitutionsWolverine Trading LLCSold 16,000 shares on 8/23/2023Ownership: 0.000%California State Teachers Retirement SystemSold 3,567 shares on 8/21/2023Ownership: 0.124%Osaic Holdings Inc.Sold 9,835 shares on 8/21/2023Ownership: 0.102%Teachers Retirement System of The State of KentuckyBought 1,590 shares on 8/21/2023Ownership: 0.036%Nuveen Asset Management LLCSold 23,432 shares on 8/16/2023Ownership: 0.291%View All Insider TransactionsView All Institutional Transactions 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 analysts have issued 1-year price targets for PennyMac Mortgage Investment Trust's shares. Their PMT share price forecasts range from $14.00 to $16.00. On average, they expect the company's share price to reach $14.83 in the next year. This suggests a possible upside of 23.3% 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 on January 1st, 2023. Since then, PMT shares have decreased by 2.9% and is now trading at $12.03. 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, October 26th 2023. 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 the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 26.73% and a trailing twelve-month return on equity of 7.13%. During the same quarter in the previous 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, August 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.40 per share on Friday, October 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.30%. The ex-dividend date of this dividend is Thursday, October 12th. 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). 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 13.00%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 266.67%. 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 115.11% 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 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). 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.75%), State Street Corp (3.98%), Goldman Sachs Group Inc. (2.64%), JPMorgan Chase & Co. (2.32%), Geode Capital Management LLC (2.00%) and Vaughan Nelson Investment Management L.P. (1.40%). 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 $12.03. How much money does PennyMac Mortgage Investment Trust make? PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.04 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 $0.60 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 9/27/2023 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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