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

$22.32
-0.05 (-0.22 %)
(As of 10/14/2019 02:01 PM ET)
Today's Range
$22.23
Now: $22.32
$22.43
50-Day Range
$21.62
MA: $22.13
$22.72
52-Week Range
$17.88
Now: $22.32
$22.74
Volume217,530 shs
Average Volume936,735 shs
Market Capitalization$1.75 billion
P/E Ratio11.22
Dividend Yield8.47%
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$2.37 per share
Book Value$20.78 per share

Profitability

Net Income$152.80 million

Miscellaneous

Employees3
Market Cap$1.75 billion
Next Earnings Date11/7/2019 (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. Shareholders 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 dividend on an annualized basis and a dividend yield of 8.42%. 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 declared that its Board of Directors has authorized a share repurchase program on Thursday, December 21st 2017, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its earnings results on Thursday, August, 1st. The real estate investment trust reported $0.50 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.02. The real estate investment trust earned $96.40 million during the quarter, compared to analysts' expectations of $104.95 million. PennyMac Mortgage Investment Trust had a net margin of 47.03% and a return on equity of 13.29%. During the same period in the prior year, the firm earned $0.70 EPS. 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, November 7th 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

What price target have analysts set for PMT?

8 brokerages have issued 1 year price objectives for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $21.00 to $24.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $22.57 in the next twelve months. This suggests a possible upside of 1.1% 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?

8 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 6 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?

Media coverage about PMT stock has been trending negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog 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 coverage optimism score of -2.8 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. 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?

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 a number of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%), Wiley BROS. Aintree Capital LLC (0.02%) and Advantage Investment Management LLC (0.01%). 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 major investors are buying PennyMac Mortgage Investment Trust stock?

PMT stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Advantage Investment Management LLC and Wiley BROS. Aintree Capital LLC. 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 $22.32.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.75 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:  350 (Vote Outperform)
Underperform Votes:  302 (Vote Underperform)
Total Votes:  652
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 10/14/2019 by MarketBeat.com Staff

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