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NYSE:PMTPennyMac Mortgage Investment Trust Stock Price, Forecast & News

$11.88
+0.32 (+2.77 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$11.25
Now: $11.88
$12.05
50-Day Range
$7.85
MA: $10.05
$11.56
52-Week Range
$3.50
Now: $11.88
$23.79
Volume1.70 million shs
Average Volume1.87 million shs
Market Capitalization$1.19 billion
P/E RatioN/A
Dividend Yield8.65%
Beta1.14
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 (CRT) agreements, firm commitment to purchase CRT securities, 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 interest rate hedging activities related to indebtedness. 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. The company was founded in 2009 and is based in Westlake Village, California.
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PennyMac Mortgage Investment Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.91 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
CUSIP70931T10
Phone818-224-7442

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$488.82 million
Cash Flow$6.64 per share
Book Value$15.26 per share

Profitability

Net Income$226.36 million

Miscellaneous

Employees3
Market Cap$1.19 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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PennyMac Mortgage Investment Trust (NYSE:PMT) Frequently Asked Questions

How has PennyMac Mortgage Investment Trust's stock been impacted by COVID-19 (Coronavirus)?

PennyMac Mortgage Investment Trust's stock was trading at $18.90 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PMT stock has decreased by 37.1% and is now trading at $11.88. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of PennyMac Mortgage Investment Trust?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for PennyMac Mortgage Investment Trust.

When is PennyMac Mortgage Investment Trust's next earnings date?

PennyMac Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for PennyMac Mortgage Investment Trust.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported ($5.99) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($2.81) by $3.18. The real estate investment trust earned ($506.52) million during the quarter, compared to the consensus estimate of $133.30 million. PennyMac Mortgage Investment Trust had a negative return on equity of 23.31% and a net margin of 46.31%. View PennyMac Mortgage Investment Trust's earnings history.

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, March 25th. Investors of record on Wednesday, April 15th will be given a dividend of $0.25 per share on Thursday, April 30th. This represents a $1.00 annualized dividend and a yield of 8.42%. The ex-dividend date of this dividend is Tuesday, April 14th. View PennyMac Mortgage Investment Trust's dividend history.

What price target have analysts set for PMT?

7 brokerages have issued 1 year price objectives for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $12.50 to $24.00. On average, they anticipate PennyMac Mortgage Investment Trust's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 59.9% from the stock's current price. View analysts' price targets for PennyMac Mortgage Investment Trust.

Has PennyMac Mortgage Investment Trust been receiving favorable news coverage?

Media stories about PMT stock have trended somewhat negative on Wednesday, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutPennyMac Mortgage Investment Trust.

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

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 LP Unit (ET), AT&T (T), NY MTG TR INC/SH (NYMT), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), AGNC Investment (AGNC), Prospect Capital (PSEC), Ares Capital (ARCC) and Two Harbors Investment (TWO).

Who are PennyMac Mortgage Investment Trust's key executives?

PennyMac Mortgage Investment Trust's management team includes the following people:
  • Mr. Stanford Lee Kurland, Exec. Chairman (Age 67)
  • Mr. David A. Spector, CEO, Pres & Trustee (Age 56)
  • Mr. Andrew S. Chang, Sr. MD & CFO (Age 42)
  • Mr. Vandad Fartaj, Sr. MD & Chief Investment Officer (Age 44)
  • Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 62)

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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.43%), State Street Corp (3.52%), Senvest Management LLC (2.07%), Invesco Ltd. (1.61%), Geode Capital Management LLC (1.41%) and Grantham Mayo Van Otterloo & Co. LLC (1.40%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David Spector, Doug Jones, Frank P Willey, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart, Sullivan Marianne and Vandad Fartaj. View institutional ownership trends for PennyMac Mortgage Investment Trust.

Which major investors are selling PennyMac Mortgage Investment Trust stock?

PMT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Two Sigma Investments LP, WINTON GROUP Ltd, Voloridge Investment Management LLC, Invesco Ltd., Parametric Portfolio Associates LLC, and First Trust Advisors LP. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Doug Jones, Jeffrey Grogin, Paul Dufauchard Jr Preston, and Stacey D Stewart. View insider buying and selling activity for PennyMac Mortgage Investment Trust.

Which major investors are buying PennyMac Mortgage Investment Trust stock?

PMT stock was purchased by a variety of institutional investors in the last quarter, including Senvest Management LLC, Wolverine Asset Management LLC, State Street Corp, OCO Capital Partners L.P., Athanor Capital LP, JPMorgan Chase & Co., BlackRock Inc., and Geode Capital Management LLC. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Frank P Willey, Marianne Sullivan, Scott W Carnahan, and Sullivan Marianne. View insider buying and selling activity 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, Robinhood, 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 $11.88.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.19 billion and generates $488.82 million in revenue each year. The real estate investment trust earns $226.36 million in net income (profit) each year or $2.42 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 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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