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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
SymbolNYSE:PMT
CUSIP70931T10
Phone818-224-7442
Debt
Debt-to-Equity Ratio0.50
Current Ratio0.60
Quick Ratio0.60
Price-To-Earnings
Trailing P/E Ratio14.60
Forward P/E Ratio12.57
P/E Growth2.67
Sales & Book Value
Annual Sales$317.94 million
Price / Sales3.64
Cash Flow$1.6946 per share
Price / Cash11.20
Book Value$18.99 per share
Price / Book1.00
Profitability
EPS (Most Recent Fiscal Year)$1.30
Net Income$117.74 million
Net Margins36.14%
Return on Equity8.37%
Return on Assets1.77%
Miscellaneous
Employees3
Outstanding Shares60,950,000
Market Cap$1.23 billion
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. Investors 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 yield of 9.91%. The ex-dividend date of this dividend 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 of Directors has approved a share buyback program on Thursday, December 21st 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.
How were PennyMac Mortgage Investment Trust's earnings last quarter?
PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings data on Thursday, August, 2nd. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.10. The real estate investment trust had revenue of $82.99 million for the quarter, compared to the consensus estimate of $70.85 million. PennyMac Mortgage Investment Trust had a net margin of 36.14% and a return on equity of 8.37%. During the same quarter in the prior year, the business posted $0.38 earnings per share. View PennyMac Mortgage Investment Trust's Earnings History.
When is PennyMac Mortgage Investment Trust's next earnings date?
What price target have analysts set for PMT?
3 Wall Street analysts have issued twelve-month price objectives for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $18.00 to $22.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $20.00 in the next year. This suggests a possible upside of 5.4% 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?
3 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PennyMac Mortgage Investment Trust.
Are investors shorting PennyMac Mortgage Investment Trust?
PennyMac Mortgage Investment Trust saw a increase in short interest during the month of September. As of September 14th, there was short interest totalling 3,181,175 shares, an increase of 37.1% from the August 31st total of 2,320,622 shares. Based on an average trading volume of 359,084 shares, the short-interest ratio is currently 8.9 days. Approximately 5.4% of the company's shares are short sold. View PennyMac Mortgage Investment Trust's Current Options Chain.
Who are some of PennyMac Mortgage Investment Trust's key competitors?
Some companies that are related to PennyMac Mortgage Investment Trust include Highwoods Properties (HIW), Hospitality Properties Trust (HPT), Hammerson (HMSNF), Life Storage (LSI), JBG SMITH Properties (JBGS), Ryman Hospitality Properties (RHP), Gramercy Property Trust (GPT), Rayonier (RYN), Senior Housing Properties Trust (SNH), Sabra Health Care REIT (SBRA), Apple Hospitality REIT (APLE), Blackstone Mortgage Trust (BXMT), First Industrial Realty Trust (FR), Equity Commonwealth (EQC) and RLJ Lodging Trust (RLJ).
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)
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 $18.98.
How big of a company is PennyMac Mortgage Investment Trust?
PennyMac Mortgage Investment Trust has a market capitalization of $1.23 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?
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)
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.
