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

$14.37
-0.01 (-0.07%)
(As of 12/8/2023 ET)
Compare
Today's Range
$14.19
$14.43
50-Day Range
$10.57
$14.64
52-Week Range
$10.52
$15.57
Volume
479,221 shs
Average Volume
713,043 shs
Market Capitalization
$1.24 billion
P/E Ratio
13.06
Dividend Yield
11.13%
Price Target
$14.50

PennyMac Mortgage Investment Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
0.9% Upside
$14.50 Price Target
Short Interest
Bearish
3.15% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.19mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$8,727 Bought Last Quarter
Proj. Earnings Growth
-7.24%
From $1.52 to $1.41 Per Share

Overall MarketRank

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

1.94 out of 5 stars

Finance Sector

427th out of 671 stocks

Real Estate Investment Trusts Industry

90th out of 138 stocks


PMT stock logo

About PennyMac Mortgage Investment Trust Stock (NYSE:PMT)

PennyMac 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.

PMT Stock Price History

PMT Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Q3 2023 PennyMac Mortgage Investment Trust Earnings Call
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
PennyMac Mortgage Investment Trust's Dividend Analysis
PennyMac: Pound Foolish
See More Headlines
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Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 10/27 Dividend
10/12/2023
Dividend Payable
10/27/2023
Today
12/08/2023
Ex-Dividend for 1/26 Dividend
12/28/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/26/2024
Next Earnings (Estimated)
2/01/2024

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 Target
$14.50
High Stock Price Target
$16.00
Low Stock Price Target
$13.50
Potential Upside/Downside
+0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-73,290,000.00
Pretax Margin
50.45%

Debt

Sales & Book Value

Annual Sales
$303.77 million
Book Value
$15.98 per share

Miscellaneous

Free Float
85,844,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
1.46
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Key Executives

  • Mr. David A. Spector (Age 60)
    Chairman of the Board & CEO
  • Mr. Douglas Edward Jones (Age 66)
    President, Chief Mortgage Banking Officer & Director
  • Mr. Daniel Stanley Perotti (Age 42)
    Senior MD & CFO
  • Mr. Derek W. Stark J.D. (Age 55)
    Senior MD, Chief Legal Officer & Secretary
  • Mr. William Chang
    Senior MD & Chief Investment Officer
  • Mr. Gregory L. Hendry (Age 62)
    Chief Accounting Officer
  • Mr. Kevin Chamberlain
    Executive Vice President of Investor Relations
  • Mr. James Follette (Age 50)
    Senior MD & Chief Mortgage Operations 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 analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 4 hold ratings and 1 buy rating 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 target for 2024?

5 analysts have issued twelve-month target prices for PennyMac Mortgage Investment Trust's stock. Their PMT share price targets range from $13.50 to $16.00. On average, they expect the company's stock price to reach $14.50 in the next twelve months. This suggests a possible upside of 0.9% 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 start of the year. Since then, PMT shares have increased by 16.0% and is now trading at $14.37.
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, February 1st 2024.
View our PMT earnings forecast
.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) posted its earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a trailing twelve-month return on equity of 10.72% and a net margin of 38.47%. During the same period in the previous year, the firm 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 declared a quarterly dividend on Wednesday, December 6th. Investors of record on Friday, December 29th will be paid a dividend of $0.40 per share on Friday, January 26th. This represents a $1.60 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date is Thursday, December 28th.
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 11.11%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 145.46%. 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 113.48% 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 ETFs hold PennyMac Mortgage Investment Trust's stock?
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 number of retail and institutional investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (1.74%), Charles Schwab Investment Management Inc. (1.50%), Invesco Ltd. (1.40%), Northern Trust Corp (1.06%), Bank of New York Mellon Corp (0.97%) and Mirae Asset Global Investments Co. Ltd. (0.74%). 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.

This page (NYSE:PMT) was last updated on 12/8/2023 by MarketBeat.com Staff

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