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

$22.72
+0.06 (+0.26 %)
(As of 11/19/2019 11:28 AM ET)
Today's Range
$22.60
Now: $22.72
$22.74
50-Day Range
$22.04
MA: $22.58
$22.99
52-Week Range
$17.88
Now: $22.72
$23.35
Volume144,271 shs
Average Volume679,579 shs
Market Capitalization$2.07 billion
P/E Ratio11.42
Dividend Yield8.30%
Beta0.59
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS). Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$351.07 million
Cash Flow$2.36 per share
Book Value$20.78 per share

Profitability

Net Income$152.80 million

Miscellaneous

Employees3
Market Cap$2.07 billion
Next Earnings Date2/6/2020 (Estimated)
OptionableOptionable

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

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."

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 Tuesday, September 24th. Stockholders of record on Monday, October 14th will be paid a dividend of $0.47 per share on Wednesday, October 30th. This represents a $1.88 annualized dividend and a dividend yield of 8.27%. The ex-dividend date is Thursday, October 10th. View PennyMac Mortgage Investment Trust's Dividend History.

How will PennyMac Mortgage Investment Trust's stock buyback program work?

PennyMac Mortgage Investment Trust announced that its Board of Directors has authorized a share repurchase plan on Thursday, December 21st 2017, which authorizes the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings results on Thursday, October, 31st. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.20. The real estate investment trust had revenue of $130.76 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm earned $0.62 earnings per share. View PennyMac Mortgage Investment Trust's Earnings History.

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

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.

What price target have analysts set for PMT?

7 equities research analysts have issued twelve-month price targets for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $21.00 to $24.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $22.83 in the next year. This suggests a possible upside of 0.5% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

What is the consensus analysts' recommendation 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.

Has PennyMac Mortgage Investment Trust been receiving favorable news coverage?

News coverage about PMT stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of 1.1 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for PennyMac Mortgage Investment Trust.

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

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

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).

Who are PennyMac Mortgage Investment Trust's key executives?

PennyMac Mortgage Investment Trust's management team includes the folowing people:
  • Mr. Stanford Lee Kurland, Exec. Chairman (Age 67)
  • Mr. David A. Spector, CEO, Pres & Trustee (Age 56)
  • Mr. Andrew S. Chang, Sr. MD & CFO (Age 42)
  • Mr. Vandad Fartaj, Sr. MD & Chief Investment Officer (Age 44)
  • Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 62)

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders 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.

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 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.

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 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.

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 $22.72.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $2.07 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.

What is PennyMac Mortgage Investment Trust's official website?

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


MarketBeat Community Rating for PennyMac Mortgage Investment Trust (NYSE PMT)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  357 (Vote Outperform)
Underperform Votes:  306 (Vote Underperform)
Total Votes:  663
MarketBeat's community ratings are surveys of what our community members think about PennyMac Mortgage Investment Trust and other stocks. Vote "Outperform" if you believe PMT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PMT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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