PennyMac Mortgage Investment Trust Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PennyMac Mortgage Investment Trust stock. 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.
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Wall Street analysts have given PennyMac Mortgage Investment Trust a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PennyMac Mortgage Investment Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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PennyMac Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings results on Thursday, May, 6th. The real estate investment trust reported $0.67 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.60 by $0.07. PennyMac Mortgage Investment Trust had a trailing twelve-month return on equity of 35.75% and a net margin of 60.51%.
View PennyMac Mortgage Investment Trust's earnings history.

PennyMac Mortgage Investment Trust's stock was trading at $18.90 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PMT shares have increased by 10.3% and is now trading at $20.85.
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PennyMac Mortgage Investment Trust announced a quarterly dividend on Wednesday, March 24th. Investors of record on Thursday, April 15th will be given a dividend of $0.47 per share on Thursday, April 29th. This represents a $1.88 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date is Wednesday, April 14th.
View PennyMac Mortgage Investment Trust's dividend history.

PennyMac Mortgage Investment Trust pays an annual dividend of $1.88 per share and currently has a dividend yield of 9.02%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. PennyMac Mortgage Investment Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of PennyMac Mortgage Investment Trust is 696.30%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 86.64% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend.
View PennyMac Mortgage Investment Trust's dividend history.

6 brokerages have issued twelve-month price targets for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $18.50 to $22.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $19.75 in the next twelve months. This suggests that the stock has a possible downside of 5.3%.
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Some companies that are related to PennyMac Mortgage Investment Trust include Annaly Capital Management (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Colony Capital (CLNY), Chimera Investment (CIM), Apollo Commercial Real Estate Finance (ARI), Two Harbors Investment (TWO), MFA Financial (MFA), New York Mortgage Trust (NYMT), Redwood Trust (RWT), Ready Capital (RC), Invesco Mortgage Capital (IVR), ARMOUR Residential REIT (ARR), Capstead Mortgage (CMO) and Dynex Capital (DX).
View all of PMT's competitors.

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).

PennyMac Mortgage Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PMT."

PennyMac Mortgage Investment Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (18.78%), Price T Rowe Associates Inc. MD (4.26%), Goldman Sachs Group Inc. (3.70%), Geode Capital Management LLC (1.62%), LSV Asset Management (1.29%) and Amundi Asset Management US Inc. (1.28%). Company insiders that own PennyMac Mortgage Investment Trust stock include Doug Jones, Frank P Willey, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart and Sullivan Marianne.
View institutional ownership trends for PennyMac Mortgage Investment Trust.

PMT stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Morgan Stanley, Goldman Sachs Group Inc., Renaissance Technologies LLC, Tudor Investment Corp Et Al, Royal Bank of Canada, Van ECK Associates Corp, and LSV Asset Management. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Doug Jones, Marianne Sullivan, Scott W Carnahan, and Stacey D Stewart.
View insider buying and selling activity for PennyMac Mortgage Investment Trust or view top insider-selling stocks.

PMT stock was bought by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., BlackRock Inc., Allianz Asset Management GmbH, Amundi Asset Management US Inc., Geode Capital Management LLC, Bank of New York Mellon Corp, HRT Financial LP, and Alliancebernstein L.P.. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Frank P Willey, Scott W Carnahan, and Sullivan Marianne.
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Shares of PMT 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.
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One share of PMT stock can currently be purchased for approximately $20.85.

PennyMac Mortgage Investment Trust has a market capitalization of $2.04 billion and generates $469.35 million in revenue each year. The real estate investment trust earns $52.37 million in net income (profit) each year or $0.27 on an earnings per share basis.

PennyMac Mortgage Investment Trust employs 1 workers across the globe.

The official website for PennyMac Mortgage Investment Trust is www.pennymacmortgageinvestmenttrust.com.

PennyMac Mortgage Investment Trust is headquartered at 3043 Townsgate Road, Westlake Village CA, 91361.

PennyMac Mortgage Investment Trust's mailing address is 3043 Townsgate Road, Westlake Village CA, 91361. The real estate investment trust can be reached via phone at 818-224-7442 or via email at [email protected]