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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PMT shares.
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5 brokerages have issued 12 month price targets for PennyMac Mortgage Investment Trust's stock. Their PMT share price forecasts range from $14.00 to $18.00. On average, they anticipate the company's stock price to reach $15.64 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
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PennyMac Mortgage Investment Trust's stock was trading at $12.39 at the start of the year. Since then, PMT stock has increased by 20.5% and is now trading at $14.93.
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PennyMac Mortgage Investment Trust saw a decline in short interest in the month of December. As of December 30th, there was short interest totaling 3,470,000 shares, a decline of 19.1% from the December 15th total of 4,290,000 shares. Based on an average daily trading volume, of 1,070,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 3.9% of the company's shares are sold short.
View PennyMac Mortgage Investment Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our PMT earnings forecast.

PennyMac Mortgage Investment Trust (NYSE:PMT) released its earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a negative net margin of 27.57% and a negative trailing twelve-month return on equity of 5.36%. During the same period in the previous year, the company earned $0.78 earnings per share.

PennyMac Mortgage Investment Trust announced a quarterly dividend on Wednesday, December 7th. Shareholders of record on Friday, December 30th will be given a dividend of $0.40 per share on Friday, January 27th. This represents a $1.60 annualized dividend and a yield of 10.72%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for PMT.

PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 10.34%. 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 a variety of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.85%), Smith Graham & Co. Investment Advisors LP (0.40%), New York State Teachers Retirement System (0.15%), Natixis Advisors L.P. (0.14%), Jenkins Wealth (0.09%) and AE Wealth Management LLC (0.07%). 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 $14.93.

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.33 billion and generates $303.77 million in revenue each year. The real estate investment trust earns $56.85 million in net income (profit) each year or ($1.26) 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.