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

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PMT earnings forecast.

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.

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.

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).

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.

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 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.

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.
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One share of PMT stock can currently be purchased for approximately $12.03.

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.

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.