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NYSE:PMT

PennyMac Mortgage Investment Trust Stock Forecast, Price & News

$17.62
+0.23 (+1.32 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$17.35
Now: $17.62
$17.66
50-Day Range
$14.97
MA: $16.45
$17.72
52-Week Range
$3.50
Now: $17.62
$23.79
Volume275,015 shs
Average Volume1.46 million shs
Market Capitalization$1.74 billion
P/E RatioN/A
Dividend Yield9.20%
Beta1.08
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in mortgage-related assets in the United States. The company operates through Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, including firm commitment to purchase CRT securities, distressed loans, real estate, and non-agency subordinated bonds. 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; and related interest rate hedging activities. Its Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of mortgage-backed securities (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.
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PennyMac Mortgage Investment Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.7Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP70931T10
Phone818-224-7442
Employees1

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$488.82 million
Cash Flow$6.60 per share
Book Value$21.47 per share

Profitability

Net Income$226.36 million

Miscellaneous

Market Cap$1.74 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$17.62
+0.23 (+1.32 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PennyMac Mortgage Investment Trust (NYSE:PMT) Frequently Asked Questions

How has PennyMac Mortgage Investment Trust's stock been impacted by COVID-19?

PennyMac Mortgage Investment Trust's stock was trading at $18.90 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PMT stock has decreased by 6.8% and is now trading at $17.62.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of PennyMac Mortgage Investment Trust?

8 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 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for PennyMac Mortgage Investment Trust
.

What stocks does MarketBeat like better than PennyMac Mortgage Investment Trust?

Wall Street analysts have given PennyMac Mortgage Investment Trust a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but PennyMac Mortgage Investment Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

PennyMac Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for PennyMac Mortgage Investment Trust
.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings results on Thursday, November, 5th. The real estate investment trust reported $0.94 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.68.
View PennyMac Mortgage Investment Trust's earnings history
.

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 Wednesday, September 23rd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.40 per share on Friday, October 30th. This represents a $1.60 annualized dividend and a yield of 9.08%. The ex-dividend date is Wednesday, October 14th.
View PennyMac Mortgage Investment Trust's dividend history
.

What price target have analysts set for PMT?

8 equities research analysts have issued 12-month price targets for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $16.00 to $24.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $20.13 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
View analysts' price targets for PennyMac Mortgage Investment Trust
.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 4,740,000 shares, an increase of 43.2% from the September 30th total of 3,310,000 shares. Based on an average daily trading volume, of 908,800 shares, the days-to-cover ratio is currently 5.2 days.
View PennyMac Mortgage Investment Trust's Short Interest
.

Who are some of PennyMac Mortgage Investment Trust's key competitors?

What other stocks do shareholders of PennyMac Mortgage Investment Trust own?

Who are PennyMac Mortgage Investment Trust's key executives?

PennyMac Mortgage Investment Trust's management team includes the following people:
  • Mr. David A. Spector, CEO, Pres & Trustee (Age 57)
  • Mr. Andrew S. Chang, Sr. MD & CFO (Age 43)
  • Mr. Vandad Fartaj, Sr. MD & Chief Investment Officer (Age 45)
  • Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 63)
  • Mr. Jeffrey P. Grogin, Sr. MD & Chief Enterprise Operations Officer (Age 60)
  • Mr. Gregory L. Hendry, Chief Accounting Officer (Age 59)
  • Mr. Christopher Oltmann, Sr. VP of Investor Relations
  • Mr. Derek W. Stark J.D., Sr. MD, Chief Legal Officer & Sec.
  • Mr. David M. Walker, Sr. MD & Chief Risk Officer (Age 65)
  • Ms. Anne D. McCallion, Sr. MD & Chief Enterprise Operations Officer (Age 65)

What is PennyMac Mortgage Investment Trust's stock symbol?

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

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.96%), Morgan Stanley (3.99%), State Street Corp (3.37%), JPMorgan Chase & Co. (1.62%), LSV Asset Management (1.42%) and Thornburg Investment Management Inc. (1.24%). Company insiders that own PennyMac Mortgage Investment Trust stock include David Spector, Doug Jones, Frank P Willey, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart, Sullivan Marianne and Vandad Fartaj.
View institutional ownership trends for PennyMac Mortgage Investment Trust
.

Which institutional investors are selling PennyMac Mortgage Investment Trust stock?

PMT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, WINTON GROUP Ltd, State Street Corp, Thornburg Investment Management Inc., Victory Capital Management Inc., Wells Fargo & Company MN, LSV Asset Management, and Emerald Mutual Fund Advisers Trust. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Doug Jones, Marianne Sullivan, Paul Dufauchard Jr Preston, and Stacey D Stewart.
View insider buying and selling activity for PennyMac Mortgage Investment Trust
.

Which institutional investors are buying PennyMac Mortgage Investment Trust stock?

PMT stock was bought by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, JPMorgan Chase & Co., State of New Jersey Common Pension Fund D, Cubist Systematic Strategies LLC, BlackRock Inc., Skandinaviska Enskilda Banken AB publ , Fortis Group Advisors LLC, and M&G Investment Management Ltd.. 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.
View insider buying and selling activity for PennyMac Mortgage Investment Trust
.

How do I buy shares of PennyMac Mortgage Investment Trust?

Shares of PMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is PennyMac Mortgage Investment Trust's stock price today?

One share of PMT stock can currently be purchased for approximately $17.62.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.74 billion and generates $488.82 million in revenue each year. The real estate investment trust earns $226.36 million in net income (profit) each year or $2.42 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 1 workers across the globe.

What is PennyMac Mortgage Investment Trust's official website?

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

How can I contact PennyMac Mortgage Investment Trust?

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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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