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

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

PennyMac Mortgage Investment Trust declared a quarterly dividend on Tuesday, September 24th. Stockholders of record on Monday, October 14th will be given a dividend of $0.47 per share on Wednesday, October 30th. This represents a $1.88 annualized dividend and a dividend yield of 8.29%. The ex-dividend date of this dividend is Thursday, October 10th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its board has initiated a share buyback plan on Thursday, December 21st 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) posted its quarterly earnings data on Thursday, October, 31st. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.20. The real estate investment trust earned $130.76 million during the quarter, compared to analyst estimates of $116.95 million. PennyMac Mortgage Investment Trust had a return on equity of 13.38% and a net margin of 50.13%. During the same period last year, the firm posted $0.62 earnings per share. View PennyMac Mortgage Investment Trust's Earnings History.

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for PennyMac Mortgage Investment Trust.

7 Wall Street analysts have issued 1 year price targets for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $21.00 to $24.00. On average, they anticipate PennyMac Mortgage Investment Trust's stock price to reach $22.83 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PennyMac Mortgage Investment Trust.

News articles about PMT stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for PennyMac Mortgage Investment Trust.

Some companies that are related to PennyMac Mortgage Investment Trust include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Two Harbors Investment (TWO), CHIMERA INVT CO/SH NEW (CIM), MFA FINL INC/SH (MFA), Apollo Commercial Real Est. Finance (ARI), Colony Capital (CLNY), Invesco Mortgage Capital (IVR), Redwood Trust (RWT), NY MTG TR INC/SH (NYMT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Ready Capital (RC) and Western Asset Mortgage Capital (WMC).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennyMac Mortgage Investment Trust investors own include New Residential Investment (NRZ), AT&T (T), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), Ladder Capital (LADR), Verizon Communications (VZ), Ares Capital (ARCC), NY MTG TR INC/SH (NYMT) and ANNALY CAP MGMT/SH (NLY).

PennyMac Mortgage Investment Trust's stock is owned by a variety of of retail and institutional investors. Top institutional investors include First Trust Advisors LP (0.62%), Smith Graham & Co. Investment Advisors LP (0.50%), Rhumbline Advisers (0.36%), Mackay Shields LLC (0.32%), California Public Employees Retirement System (0.25%) and Russell Investments Group Ltd. (0.17%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Steven Richard Bailey 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 Wedbush Securities Inc., Chicago Equity Partners LLC, Tower Research Capital LLC TRC , Campbell & CO Investment Adviser LLC, Municipal Employees Retirement System of Michigan and Dean Capital Investments Management LLC. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include David Spector, Jeffrey Grogin, Scott W Carnahan and Vandad Fartaj. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

PMT stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Mackay Shields LLC, SG Americas Securities LLC, Rhumbline Advisers, Virginia Retirement Systems ET AL, State of Alaska Department of Revenue, Cetera Advisor Networks LLC and First Trust Advisors LP. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Marianne Sullivan and Scott W Carnahan. View Insider Buying and Selling 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 $22.68.

PennyMac Mortgage Investment Trust has a market capitalization of $2.06 billion and generates $351.07 million in revenue each year. The real estate investment trust earns $152.80 million in net income (profit) each year or $1.99 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 3 workers across the globe.View Additional Information About PennyMac Mortgage Investment Trust.

The official website for PennyMac Mortgage Investment Trust is http://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]