NYSE:PMT PennyMac Mortgage Investment Trust (PMT) Stock Forecast, Price & News $11.44 +0.34 (+3.06%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$11.03▼$11.4950-Day Range$11.10▼$12.5252-Week Range$10.78▼$16.60Volume627,900 shsAverage Volume812,692 shsMarket Capitalization$1.00 billionP/E RatioN/ADividend Yield13.99%Price Target$14.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media PennyMac Mortgage Investment Trust MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside28.2% Upside$14.67 Price TargetShort InterestHealthy3.35% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.24Based on 5 Articles This WeekInsider TradingSelling Shares$175,191 Sold Last QuarterProj. Earnings Growth0.60%From $1.67 to $1.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.42 out of 5 starsFinance Sector482nd out of 902 stocksReal Estate Investment Trusts Industry92nd out of 188 stocks 3.2 Analyst's Opinion Consensus RatingPennyMac Mortgage Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.67, PennyMac Mortgage Investment Trust has a forecasted upside of 28.2% from its current price of $11.44.Amount of Analyst CoveragePennyMac Mortgage Investment Trust has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.35% of the float of PennyMac Mortgage Investment Trust has been sold short.Short Interest Ratio / Days to CoverPennyMac Mortgage Investment Trust has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PennyMac Mortgage Investment Trust has recently increased by 19.83%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipPennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 13.99%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennyMac Mortgage Investment Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 95.24% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PMT. Previous Next 1.8 News and Social Media Coverage News SentimentPennyMac Mortgage Investment Trust has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for PennyMac Mortgage Investment Trust this week, compared to 3 articles on an average week.Search InterestOnly 16 people have searched for PMT on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennyMac Mortgage Investment Trust insiders have sold 278.41% more of their company's stock than they have bought. Specifically, they have bought $46,297.00 in company stock and sold $175,191.00 in company stock.Percentage Held by InsidersOnly 0.90% of the stock of PennyMac Mortgage Investment Trust is held by insiders.Percentage Held by Institutions71.21% of the stock of PennyMac Mortgage Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for PennyMac Mortgage Investment Trust are expected to grow by 0.60% in the coming year, from $1.67 to $1.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennyMac Mortgage Investment Trust is -26.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of PennyMac Mortgage Investment Trust is -26.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPennyMac Mortgage Investment Trust has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About PennyMac Mortgage Investment Trust (NYSE:PMT) StockPennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland onRead More Receive PMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennyMac Mortgage Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address PMT Stock News HeadlinesMay 27, 2023 | americanbankingnews.comInsider Selling: PennyMac Mortgage Investment Trust (NYSE:PMT) Insider Sells 13,332 Shares of StockMay 25, 2023 | seekingalpha.comPennyMac Mortgage Investment Trust: Recovery Is On The WayMay 29, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 18, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares Second Quarter 2023 Dividends for Its Preferred SharesMay 13, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Receives $14.40 Consensus Target Price from AnalystsMay 11, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Downgraded to "Sell" at StockNews.comMay 8, 2023 | finance.yahoo.comPennyMac Mortgage Outperforms Its Peers With an Increase in Book Value Per ShareMay 4, 2023 | americanbankingnews.comWedbush Reaffirms Neutral Rating for PennyMac Mortgage Investment Trust (NYSE:PMT)May 29, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 3, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Rating Increased to Hold at StockNews.comMay 2, 2023 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About PennyMac MortgageMay 2, 2023 | americanbankingnews.comPiper Sandler Cuts PennyMac Mortgage Investment Trust (NYSE:PMT) Price Target to $14.50May 2, 2023 | americanbankingnews.comAvalonBay Communities (NYSE:AVB) vs. PennyMac Mortgage Investment Trust (NYSE:PMT) Head-To-Head SurveyMay 1, 2023 | seekingalpha.comPennyMac Mortgage Investment Trust 2023 Q1 - Results - Earnings Call PresentationApril 29, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust's (NYSE:PMT) investors will be pleased with their 15% return over the last five yearsApril 28, 2023 | msn.comPennyMac Mortgage stock rises after Q1 net income beats estimatesApril 28, 2023 | markets.businessinsider.comPennyMac Mortgage (PMT) Gets a Hold from BarclaysApril 26, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (PMT) Set to Announce Quarterly Earnings on ThursdayApril 26, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Cut to "Sell" at StockNews.comApril 24, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) PT Lowered to $12.50 at JMP SecuritiesApril 22, 2023 | thestreet.comPennyMac Mortgage Investment Trust (PMT): Today's Featured Real Estate WinnerApril 22, 2023 | nasdaq.comJMP Securities Maintains Penny Mac Mortgage Investment Trust (PMT) Outperform RecommendationApril 20, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Given Average Recommendation of "Hold" by AnalystsApril 18, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Receives $15.00 Average PT from BrokeragesApril 12, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) to Issue $0.40 Quarterly DividendApril 9, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Lifted to Hold at StockNews.comApril 3, 2023 | nasdaq.comPMT Dividend Yield Pushes Above 13%See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennyMac Mortgage Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address PMT Company Calendar Last Earnings2/03/2022Ex-Dividend for 4/28 Dividend4/13/2023Dividend Payable4/28/2023Today5/29/2023Next Earnings (Estimated)8/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryMortgage REITs SectorFinance Current SymbolNYSE:PMT CUSIP70931T10 CIK1464423 Webwww.pennymacmortgageinvestmenttrust.com Phone(818) 224-7028Fax818-936-0145Employees1Year FoundedN/APrice Target and Rating Average Stock Price Forecast$14.67 High Stock Price Forecast$16.00 Low Stock Price Forecast$12.50 Forecasted Upside/Downside+28.2%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.44) Trailing P/E RatioN/A Forward P/E Ratio6.85 P/E GrowthN/ANet Income$-73,290,000.00 Net Margins2.09% Pretax Margin26.84% Return on Equity0.45% Return on Assets0.05% Debt Debt-to-Equity Ratio1.37 Current Ratio0.46 Quick Ratio0.46 Sales & Book Value Annual Sales$303.77 million Price / Sales3.30 Cash FlowN/A Price / Cash FlowN/A Book Value$16.32 per share Price / Book0.70Miscellaneous Outstanding Shares87,560,000Free Float86,768,000Market Cap$1.00 billion OptionableOptionable Beta1.44 Key ExecutivesDavid A. SpectorChairman-Trustees Board & CEODoug JonesPresident & Non-Independent TrusteeDaniel Stanley PerottiChief Financial Officer & Senior Managing DirectorWilliam ChangChief Investment Officer & Senior MDJeffrey P. GroginChief Enterprise Operations Officer & Senior MDKey CompetitorsARMOUR Residential REITNYSE:ARRMFA FinancialNYSE:MFAChimera InvestmentNYSE:CIMNew York Mortgage TrustNASDAQ:NYMTTwo Harbors InvestmentNYSE:TWOView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 1,144 shares on 5/26/2023Ownership: 0.015%Doug JonesSold 13,332 sharesTotal: $156,517.68 ($11.74/share)JPMorgan Chase & Co.Bought 395,970 shares on 5/18/2023Ownership: 1.261%Centaurus Financial Inc.Sold 11,190 shares on 5/18/2023Ownership: 0.239%New York State Common Retirement FundSold 14,639 shares on 5/18/2023Ownership: 0.054%View All Insider TransactionsView All Institutional Transactions PMT Stock - Frequently Asked Questions Should I buy or sell PennyMac Mortgage Investment Trust stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares. View PMT analyst ratings or view top-rated stocks. What is PennyMac Mortgage Investment Trust's stock price forecast for 2023? 6 brokers have issued 1-year target prices for PennyMac Mortgage Investment Trust's stock. Their PMT share price forecasts range from $12.50 to $16.00. On average, they expect the company's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price. View analysts price targets for PMT or view top-rated stocks among Wall Street analysts. How have PMT shares performed in 2023? PennyMac Mortgage Investment Trust's stock was trading at $12.39 on January 1st, 2023. Since then, PMT stock has decreased by 7.7% and is now trading at $11.44. View the best growth stocks for 2023 here. Are investors shorting PennyMac Mortgage Investment Trust? PennyMac Mortgage Investment Trust saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,900,000 shares, an increase of 19.8% from the April 30th total of 2,420,000 shares. Based on an average trading volume of 847,600 shares, the short-interest ratio is presently 3.4 days. Approximately 3.4% of the shares of the company are short sold. View PennyMac Mortgage Investment Trust's Short Interest. When is PennyMac Mortgage Investment Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023. View our PMT earnings forecast. How were PennyMac Mortgage Investment Trust's earnings last quarter? PennyMac Mortgage Investment Trust (NYSE:PMT) issued its quarterly earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 2.09% and a trailing twelve-month return on equity of 0.45%. During the same quarter last year, the firm earned $0.78 earnings per share. How often does PennyMac Mortgage Investment Trust pay dividends? What is the dividend yield for PennyMac Mortgage Investment Trust? PennyMac Mortgage Investment Trust announced a quarterly dividend on Wednesday, March 15th. Shareholders of record on Friday, April 14th will be given a dividend of $0.40 per share on Friday, April 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.99%. The ex-dividend date of this dividend is Thursday, April 13th. Read our dividend analysis for PMT. What ETFs hold PennyMac Mortgage Investment Trust's stock? ETFs with the largest weight of PennyMac Mortgage Investment Trust (NYSE:PMT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), VanEck Mortgage REIT Income ETF (MORT), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), iShares Mortgage Real Estate ETF (REM), Hoya Capital High Dividend Yield ETF (RIET), Global X SuperDividend ETF (SDIV), GraniteShares HIPS US High Income ETF (HIPS) and InfraCap Equity Income Fund ETF (ICAP). Is PennyMac Mortgage Investment Trust a good dividend stock? PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 13.99%. 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. 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), 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). 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." Who are PennyMac Mortgage Investment Trust's major shareholders? PennyMac Mortgage Investment Trust's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (18.16%), State Street Corp (3.94%), Geode Capital Management LLC (1.99%), Charles Schwab Investment Management Inc. (1.32%), JPMorgan Chase & Co. (1.26%) and Bank of New York Mellon Corp (1.06%). Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Marianne Sullivan, Scott W Carnahan, Scott W Carnahan and Stacey D Stewart. View institutional ownership trends. How do I buy shares of PennyMac Mortgage Investment Trust? 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. Compare Top Brokerages Here. What is PennyMac Mortgage Investment Trust's stock price today? One share of PMT stock can currently be purchased for approximately $11.44. How much money does PennyMac Mortgage Investment Trust make? PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.00 billion and generates $303.77 million in revenue each year. The real estate investment trust earns $-73,290,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis. How can I contact PennyMac Mortgage Investment Trust? 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. This page (NYSE:PMT) was last updated on 5/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PennyMac Mortgage Investment Trust Please log in to your account or sign up in order to add this asset to your watchlist. 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