S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Disney World unions vote down offer covering 45,000 workers
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Disney World unions vote down offer covering 45,000 workers
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Disney World unions vote down offer covering 45,000 workers
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
State of the Union: Biden sees economic glow, GOP sees gloom
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Tesla hikes price of Model Y after US alters tax credit rule
Disney World unions vote down offer covering 45,000 workers
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
Route to Super Bowl dangerous for Mexico's avocado haulers
Iraqi currency crash halts after meeting with U.S. official
“Future Fuel” will unleash $11 trillion wave of wealth (Ad)
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
Gas prices dip in NJ, around nation as cold weather returns
NYSE:PMT

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

$14.93
-0.55 (-3.55%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$14.14
$15.23
50-Day Range
$12.39
$15.48
52-Week Range
$10.78
$17.24
Volume
2.35 million shs
Average Volume
649,198 shs
Market Capitalization
$1.33 billion
P/E Ratio
N/A
Dividend Yield
10.72%
Price Target
$15.64

PennyMac Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
4.8% Upside
$15.64 Price Target
Short Interest
Healthy
3.58% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.82%
From $1.57 to $1.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Finance Sector

626th out of 858 stocks

Real Estate Investment Trusts Industry

139th out of 189 stocks

PMT stock logo

About PennyMac Mortgage Investment Trust (NYSE:PMT) Stock

PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on

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PMT Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
PMT Crosses Above Key Moving Average Level
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
PMT PennyMac Mortgage Investment Trust
See More Headlines
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PMT Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 1/27 Dividend
12/29/2022
Dividend Payable
1/27/2023
Today
2/05/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
70931T10
Employees
1
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.64
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+4.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$56.85 million
Pretax Margin
16.15%

Debt

Sales & Book Value

Annual Sales
$303.77 million
Cash Flow
$0.87 per share
Book Value
$18.82 per share

Miscellaneous

Free Float
88,234,000
Market Cap
$1.33 billion
Optionable
Optionable
Beta
1.39

Key Executives

  • David A. Spector
    Chairman-Trustees Board & CEO
  • Doug Jones
    President & Chief Mortgage Banking Officer
  • Daniel Stanley Perotti
    Chief Financial Officer & Senior Managing Director
  • Vandad Fartaj
    Chief Investment Officer & Senior MD
  • Jeffrey P. Grogin
    Chief Enterprise Operations Officer & Senior MD













PMT Stock - Frequently Asked Questions

Should I buy or sell PennyMac Mortgage Investment Trust stock right now?

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.
View PMT analyst ratings
or view top-rated stocks.

What is PennyMac Mortgage Investment Trust's stock price forecast for 2023?

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.
View analysts price targets for PMT
or view top-rated stocks among Wall Street analysts.

How have PMT shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting PennyMac Mortgage Investment Trust?

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
.

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

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

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

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.

How often does PennyMac Mortgage Investment Trust pay dividends? What is the dividend yield for PennyMac Mortgage Investment Trust?

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
.

Is PennyMac Mortgage Investment Trust a good dividend stock?

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.

What other stocks do shareholders of PennyMac Mortgage Investment Trust own?
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 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.
View institutional ownership trends
.

How do I buy shares of PennyMac Mortgage Investment Trust?

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.
Compare Top Brokerages Here.

What is PennyMac Mortgage Investment Trust's stock price today?

One share of PMT stock can currently be purchased for approximately $14.93.

How much money does PennyMac Mortgage Investment Trust make?

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.

How can I contact PennyMac Mortgage Investment Trust?

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.

This page (NYSE:PMT) was last updated on 2/5/2023 by MarketBeat.com Staff