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NYSE:PMT

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

$13.79
-1.16 (-7.76%)
(As of 02:03 PM ET)
Today's Range
$13.71
$14.81
50-Day Range
$13.24
$15.17
52-Week Range
$10.52
$15.89
Volume
2.27 million shs
Average Volume
620,210 shs
Market Capitalization
$1.20 billion
P/E Ratio
9.19
Dividend Yield
11.60%
Price Target
$14.92

PennyMac Mortgage Investment Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
7.1% Upside
$14.92 Price Target
Short Interest
Healthy
2.62% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$123,532 Sold Last Quarter
Proj. Earnings Growth
5.56%
From $1.44 to $1.52 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.

3.04 out of 5 stars

Finance Sector

462nd out of 833 stocks

Real Estate Investment Trusts Industry

98th out of 174 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

PennyMac Mortgage Investment Trust (PMT)
PMT Mar 2024 15.000 call
Q4 2023 PennyMac Mortgage Investment Trust Earnings Call
See More Headlines
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Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 4/26 Dividend
4/11/2024
Dividend Payable
4/26/2024
Today
5/21/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
CUSIP
70931T10
Employees
7
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$14.92
High Stock Price Target
$16.00
Low Stock Price Target
$13.50
Potential Upside/Downside
-0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$199.65 million
Pretax Margin
57.64%

Debt

Sales & Book Value

Annual Sales
$429.02 million
Cash Flow
$2.46 per share
Book Value
$16.34 per share

Miscellaneous

Free Float
86,072,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
1.47
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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 (Age 46)
    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?

6 Wall Street equities research 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 equities 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?

6 Wall Street research analysts have issued 1 year price objectives 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 share price to reach $14.92 in the next twelve months. This suggests a possible upside of 7.1% 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 at the beginning of 2024. Since then, PMT shares have decreased by 6.8% and is now trading at $13.93.
View the best growth stocks for 2024 here
.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a increase in short interest in April. As of April 15th, there was short interest totaling 2,320,000 shares, an increase of 20.2% from the March 31st total of 1,930,000 shares. Based on an average daily volume of 648,300 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.7% of the shares of the company are short sold.
View PennyMac Mortgage Investment Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
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 analysts' consensus estimates of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 45.19% and a trailing twelve-month return on equity of 13.25%. During the same quarter in the previous 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. Stockholders of record on Friday, April 12th will be paid a dividend of $0.40 per share on Friday, April 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.49%. 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 10.64%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 106.67%. 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 105.26% 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 Vanguard Group Inc. (11.21%), Mirae Asset Global Investments Co. Ltd. (0.74%), Van ECK Associates Corp (0.53%), Principal Financial Group Inc. (0.52%), Jane Street Group LLC (0.34%) and B. Riley Wealth Advisors Inc. (0.21%). 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 5/21/2024 by MarketBeat.com Staff

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