PennyMac Mortgage Investment Trust Stock Forecast, Price & News

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.
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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.

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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.

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.

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.

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.

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.

Some companies that are related to PennyMac Mortgage Investment Trust include Annaly Capital Management (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Chimera Investment (CIM), Colony Capital (CLNY), Two Harbors Investment (TWO), MFA Financial (MFA), Apollo Commercial Real Estate Finance (ARI), New York Mortgage Trust (NYMT), Redwood Trust (RWT), Ready Capital (RC), ARMOUR Residential REIT (ARR), Invesco Mortgage Capital (IVR), Capstead Mortgage (CMO) and Dynex Capital (DX).
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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. (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.

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.

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.

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.

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

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.

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

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]