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

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$20.56 -0.04 (-0.19 %)
(As of 11/19/2018 08:28 AM ET)
Previous Close$20.60
Today's Range$20.36 - $20.58
52-Week Range$15.20 - $20.92
Volume432,224 shs
Average Volume473,957 shs
Market Capitalization$1.25 billion
P/E Ratio15.82
Dividend Yield9.14%
Beta0.39
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). Its Credit Sensitive Strategies segment invests in credit risk transfer agreements, distressed mortgage loans, real estate acquired in settlement of mortgage loans, non-Agency subordinated bonds, and small balance commercial real estate mortgage loans. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS; and the related interest rate hedging activities. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. PennyMac Mortgage Investment Trust was founded in 2009 and is based in Westlake Village, California.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Current SymbolNYSE:PMT
Previous Symbol
CUSIP70931T10
Phone818-224-7442

Debt

Debt-to-Equity Ratio0.44
Current Ratio0.54
Quick Ratio0.54

Price-To-Earnings

Trailing P/E Ratio15.82
Forward P/E Ratio12.61
P/E Growth2.52

Sales & Book Value

Annual Sales$317.94 million
Price / Sales3.94
Cash Flow$1.8067 per share
Price / Cash11.38
Book Value$18.99 per share
Price / Book1.08

Profitability

EPS (Most Recent Fiscal Year)$1.30
Net Income$117.74 million
Net Margins40.40%
Return on Equity10.64%
Return on Assets2.10%

Miscellaneous

Employees3
Outstanding Shares60,950,000
Market Cap$1.25 billion
OptionableOptionable

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 Wednesday, September 26th. Shareholders of record on Monday, October 15th will be given a dividend of $0.47 per share on Tuesday, October 30th. This represents a $1.88 annualized dividend and a dividend yield of 9.14%. The ex-dividend date is Friday, October 12th. 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 has approved a stock repurchase plan on Thursday, December 21st 2017, which authorizes the company to repurchase $100,000,000.00 in 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 an indication that the company's board of directors believes its shares are undervalued.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its quarterly earnings data on Thursday, November, 1st. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.25. The real estate investment trust earned $108.50 million during the quarter, compared to analyst estimates of $121.87 million. PennyMac Mortgage Investment Trust had a return on equity of 10.64% and a net margin of 40.40%. The business's quarterly revenue was up 43.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 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 14th 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

What price target have analysts set for PMT?

4 analysts have issued 12-month price targets for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $18.00 to $22.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $20.25 in the next year. This suggests that the stock has a possible downside of 1.5%. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

What is the consensus analysts' recommendation for PennyMac Mortgage Investment Trust?

4 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 2 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 positive recently, according to InfoTrie. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a news impact score of 2.7 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days.

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

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 66)
  • Mr. David A. Spector, CEO, Pres & Trustee (Age 55)
  • Mr. Andrew S. Chang, Sr. MD & CFO (Age 41)
  • Mr. Vandad Fartaj, Sr. MD & Chief Investment Officer (Age 43)
  • Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 61)

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.80%), Thornburg Investment Management Inc. (3.42%), LSV Asset Management (2.19%), Mirae Asset Global Investments Co. Ltd. (1.76%), Bank of New York Mellon Corp (1.44%) and First Trust Advisors LP (0.87%). 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 Thornburg Investment Management Inc., Advisors Asset Management Inc., Alliancebernstein L.P., Renaissance Technologies LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Martingale Asset Management L P and FMR LLC. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Paul Dufauchard Jr Preston, Steven Richard Bailey 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 purchased by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., BlackRock Inc., First Trust Advisors LP, Acadian Asset Management LLC, Chicago Equity Partners LLC, Russell Investments Group Ltd., Sterling Capital Management LLC and Jennison Associates 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, Scottrade, 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 $20.56.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.25 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.

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:  291 (Vote Outperform)
Underperform Votes:  253 (Vote Underperform)
Total Votes:  544
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 11/19/2018 by MarketBeat.com Staff

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