PennyMac Mortgage Investment Trust - PMT Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PMT shares.
View PMT analyst ratings or view top-rated stocks.

6 equities research analysts have issued 1 year price objectives for PennyMac Mortgage Investment Trust's stock. Their PMT share price forecasts range from $15.00 to $18.50. On average, they predict the company's share price to reach $16.57 in the next twelve months. This suggests a possible upside of 8.6% from the stock's current price.
View analysts price targets for PMT or view top-rated stocks among Wall Street analysts.

PennyMac Mortgage Investment Trust's stock was trading at $17.33 on January 1st, 2022. Since then, PMT shares have decreased by 11.9% and is now trading at $15.26.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our PMT earnings forecast.

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings data on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a negative net margin of 34.65% and a negative trailing twelve-month return on equity of 6.47%. During the same quarter in the previous year, the company earned $0.78 earnings per share.

PennyMac Mortgage Investment Trust announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, October 14th will be paid a dividend of $0.47 per share on Friday, October 28th. This represents a $1.88 annualized dividend and a dividend yield of 12.32%. The ex-dividend date of this dividend is Thursday, October 13th.
Read our dividend analysis for PMT.

PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.88 per share and currently has a dividend yield of 12.32%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PMT.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (17.89%), Vanguard Group Inc. (11.62%), State Street Corp (3.93%), Pacer Advisors Inc. (1.60%), Bank of New York Mellon Corp (1.19%) and Jupiter Asset Management Ltd. (0.64%). Insiders that own company stock include David Spector, Doug Jones, Frank P Willey, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Scott W Carnahan, Stacey D Stewart and Sullivan Marianne.
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Shares of PMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PMT stock can currently be purchased for approximately $15.26.

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.36 billion and generates $420.30 million in revenue each year. The real estate investment trust earns $56.85 million in net income (profit) each year or ($1.47) on an earnings per share basis.

PennyMac Mortgage Investment Trust's mailing address is 3043 Townsgate Road, Westlake Village CA, 91361. The official website for the company is www.pennymacmortgageinvestmenttrust.com. The real estate investment trust can be reached via phone at (818) 224-7028, via email at investorrelations@pnmac.com, or via fax at 818-936-0145.