NYSE:PMT - PennyMac Mortgage Investment Trust Stock Price, Price Target & More

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

PennyMac Mortgage Investment Trust announced a quarterly dividend on Thursday, June 28th. Stockholders of record on Friday, July 13th will be given a dividend of $0.47 per share on Monday, July 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date is Thursday, July 12th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust announced that its board has approved a share repurchase plan 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 plans are often a sign that the company's board of directors believes its stock is undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its earnings results on Thursday, May, 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The real estate investment trust had revenue of $75.67 million for the quarter, compared to analysts' expectations of $80.20 million. PennyMac Mortgage Investment Trust had a return on equity of 7.28% and a net margin of 33.00%. During the same quarter last year, the firm earned $0.47 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, August, 2nd 2018. View Earnings Estimates for PennyMac Mortgage Investment Trust.

1 analysts have issued 1 year price targets for PennyMac Mortgage Investment Trust's shares. Their predictions range from $18.00 to $18.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $18.00 in the next year. This suggests that the stock has a possible downside of 4.2%. View Analyst Ratings for PennyMac Mortgage Investment Trust.

1 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 for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to PennyMac Mortgage Investment Trust include Life Storage (LSI), Gramercy Property Trust (GPT), JBG SMITH Properties (JBGS), Ryman Hospitality Properties (RHP), Senior Housing Properties Trust (SNH), Apple Hospitality REIT (APLE), First Industrial Realty Trust (FR), RLJ Lodging Trust (RLJ), Cousins Properties (CUZ), Sabra Health Care REIT (SBRA), Weingarten Realty Investors (WRI), CoreSite Realty (COR), LaSalle Hotel Properties (LHO), Equity Commonwealth (EQC) and Paramount Group (PGRE).

Headlines about PMT stock have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PennyMac Mortgage Investment Trust earned a news sentiment score of 0.36 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 45.61 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

PennyMac Mortgage Investment Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Nisa Investment Advisors LLC (0.02%) and Fox Run Management L.L.C. (0.02%). 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 acquired by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC and Fox Run Management L.L.C.. 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, Scottrade, Fidelity and Charles Schwab.

One share of PMT stock can currently be purchased for approximately $18.78.

PennyMac Mortgage Investment Trust has a market capitalization of $1.14 billion and generates $317.94 million in revenue each year. The real estate investment trust earns $117.74 million in net income (profit) each year or $1.30 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 3 workers across the globe.

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]