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

+0.25 (+1.83%)
(As of 04/23/2024 ET)
Today's Range
50-Day Range
52-Week Range
463,306 shs
Average Volume
617,413 shs
Market Capitalization
$1.21 billion
P/E Ratio
Dividend Yield
Price Target

PennyMac Mortgage Investment Trust MarketRank™ Stock Analysis

Analyst Rating
2.40 Rating Score
5.0% Upside
$14.58 Price Target
Short Interest
2.26% of Float Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
1.35mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$123,532 Sold Last Quarter
Proj. Earnings Growth
From $1.35 to $1.48 Per Share

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.

3.16 out of 5 stars

Finance Sector

473rd out of 838 stocks

Real Estate Investment Trusts Industry

95th out of 171 stocks

PMT stock logo

About PennyMac Mortgage Investment Trust Stock (NYSE:PMT)

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. 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.

PMT Stock Price History

PMT Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 1/26 Dividend
Dividend Payable
Ex-Dividend for 4/26 Dividend
Next Earnings (Confirmed)
Dividend Payable
Fiscal Year End

Industry, Sector and Symbol

Real estate investment trusts
Mortgage REITs
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
5 Analysts


Net Income
$199.65 million
Pretax Margin


Sales & Book Value

Annual Sales
$429.02 million
Cash Flow
$2.54 per share
Book Value
$16.34 per share


Free Float
Market Cap
$1.21 billion
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Key Executives

  • Mr. 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
    Senior MD & Chief Investment Officer
  • Mr. Gregory L. Hendry (Age 63)
    Chief Accounting Officer
  • Mr. Kevin Chamberlain
    Executive Vice President of Investor Relations
  • Mr. James Follette (Age 51)
    Senior MD & Chief Digital Officer
  • Mr. Scott Bridges
    Senior Managing Director of Consumer Direct Lending Division
  • Ms. Pamela K. Marsh CPA
    MD & Treasurer

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 twelve months. There are currently 3 hold ratings and 2 buy ratings 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 brokerages have issued 12-month price objectives for PennyMac Mortgage Investment Trust's stock. Their PMT share price targets range from $13.50 to $16.00. On average, they anticipate the company's stock price to reach $14.58 in the next twelve months. This suggests a possible upside of 5.0% 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 2024?

PennyMac Mortgage Investment Trust's stock was trading at $14.95 on January 1st, 2024. Since then, PMT stock has decreased by 7.1% and is now trading at $13.89.
View the best growth stocks for 2024 here

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our PMT earnings forecast

How can I listen to PennyMac Mortgage Investment Trust's earnings call?

PennyMac Mortgage Investment Trust will be holding an earnings conference call on Wednesday, April 24th at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings data on Thursday, February, 3rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 46.54% and a trailing twelve-month return on equity of 14.15%. During the same quarter last year, the company earned $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 announced a quarterly dividend on Thursday, March 21st. Shareholders of record on Friday, April 12th will be given a dividend of $0.40 per share on Friday, April 26th. This represents a $1.60 annualized dividend and a yield of 11.52%. The ex-dividend date of this dividend is Thursday, April 11th.
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 11.80%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.38%. 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 108.11% 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?
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 RDA Financial Network (0.03%) and Roble Belko & Company Inc (0.00%). Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Marianne Sullivan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PMT) was last updated on 4/23/2024 by MarketBeat.com Staff

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