NYSE:PMT PennyMac Mortgage Investment Trust (PMT) Stock Price, News & Analysis → Urgent new message from Porter Stansberry (From Porter & Company) (Ad) Free PMT Stock Alerts $14.12 -0.03 (-0.21%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$14.08▼$14.3150-Day Range$13.26▼$15.1452-Week Range$10.52▼$15.89Volume470,108 shsAverage Volume546,649 shsMarket Capitalization$1.22 billionP/E Ratio8.77Dividend Yield11.33%Price Target$14.58 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get PennyMac Mortgage Investment Trust alerts: Email Address PennyMac Mortgage Investment Trust MarketRank™ Stock AnalysisAnalyst RatingHold2.40 Rating ScoreUpside/Downside3.3% Upside$14.58 Price TargetShort InterestHealthy2.16% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.62Based on 3 Articles This WeekInsider TradingSelling Shares$123,532 Sold Last QuarterProj. Earnings Growth10.53%From $1.33 to $1.47 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.22 out of 5 starsFinance Sector479th out of 890 stocksReal Estate Investment Trusts Industry103rd out of 182 stocks 1.2 Analyst's Opinion Consensus RatingPennyMac Mortgage Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $14.58, PennyMac Mortgage Investment Trust has a forecasted upside of 3.3% from its current price of $14.12.Amount of Analyst CoveragePennyMac Mortgage Investment Trust has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.16% of the float of PennyMac Mortgage Investment Trust has been sold short.Short Interest Ratio / Days to CoverPennyMac Mortgage Investment Trust has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PennyMac Mortgage Investment Trust has recently decreased by 4.15%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend LeadershipPennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 11.31%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennyMac Mortgage Investment Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of PennyMac Mortgage Investment Trust is 99.38%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 108.84% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PMT. Previous Next 2.6 News and Social Media Coverage News SentimentPennyMac Mortgage Investment Trust has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for PennyMac Mortgage Investment Trust this week, compared to 2 articles on an average week.Search InterestOnly 10 people have searched for PMT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows12 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennyMac Mortgage Investment Trust insiders have sold 1,722.27% more of their company's stock than they have bought. Specifically, they have bought $6,779.00 in company stock and sold $123,532.00 in company stock.Percentage Held by InsidersOnly 0.90% of the stock of PennyMac Mortgage Investment Trust is held by insiders.Percentage Held by Institutions66.89% of the stock of PennyMac Mortgage Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for PennyMac Mortgage Investment Trust are expected to grow by 10.53% in the coming year, from $1.33 to $1.47 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennyMac Mortgage Investment Trust is 8.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.57.Price to Earnings Ratio vs. SectorThe P/E ratio of PennyMac Mortgage Investment Trust is 8.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.17.Price to Book Value per Share RatioPennyMac Mortgage Investment Trust has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsThe ONE AI sSock to own now. (It’s not Nvidia.)Don’t panic — you haven’t missed the boat on AI. In fact, it has barely launched. Sure, the early stages of this boom were big … But I believe the real wealth in AI has yet to be made …Click here to see the presentation now. About PennyMac Mortgage Investment Trust Stock (NYSE:PMT)PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. 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, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. 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 shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.Read More PMT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PMT Stock News HeadlinesMarch 14, 2024 | insidertrades.comInsider Selling: PennyMac Mortgage Investment Trust (NYSE:PMT) Director Sells 7,810 Shares of StockMarch 16, 2024 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Director Sells $111,995.40 in StockMarch 19, 2024 | Crypto Swap Profits (Ad)Claim Your Complimentary Bitcoin RewardMany have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.February 17, 2024 | finance.yahoo.comPMT Mar 2024 15.000 callFebruary 8, 2024 | msn.comPennyMac Mortgage Investment Trust CUM RED PFD B declares $0.50 dividendFebruary 8, 2024 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares First Quarter 2024 Dividends for Its Preferred SharesFebruary 8, 2024 | msn.comPennyMac Mortgage Investment trust 6.75% Red PFD C declares $0.4219 dividendFebruary 3, 2024 | markets.businessinsider.comPennyMac Mortgage Hold Rating Reiterated Amidst Mixed Financial Performance and OutlookMarch 19, 2024 | Prosper Trading Academy (Ad)Did you make $29,000 two days with AI options trades?What if it was possible to find options trades on autopilot… Using A.I. to find the ones with the highest profit potential… And nearly perfect win rates… You can grab your free copy of my "Ultimate Guide to A.I. Options Trading" by clicking the link below:February 3, 2024 | finance.yahoo.comPennyMac Mortgage Investment Trust Full Year 2023 Earnings: EPS Beats Expectations, Revenues LagFebruary 2, 2024 | finance.yahoo.comQ4 2023 PennyMac Mortgage Investment Trust Earnings CallFebruary 2, 2024 | finance.yahoo.comPennyMac Mortgage Investment Trust (NYSE:PMT) Q4 2023 Earnings Call TranscriptFebruary 1, 2024 | msn.comBest FHA Lenders of 2024February 1, 2024 | msn.comPennyMac Mortgage Investment Trust GAAP EPS of $0.44 beats by $0.10February 1, 2024 | tmcnet.comMarcus & Millichap Releases 2024 National Multifamily Investment ForecastFebruary 1, 2024 | finance.yahoo.comPennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2023 ResultsFebruary 1, 2024 | seekingalpha.comPennyMac Mortgage Investment Trust 2023 Q4 - Results - Earnings Call PresentationJanuary 31, 2024 | wsj.comPennyMac Mortgage Investment Trust 8.125% Pfd. Series AJanuary 29, 2024 | finance.yahoo.comPennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2023 ResultsJanuary 17, 2024 | seekingalpha.comComparing PennyMac Pfd C And Its New NoteDecember 31, 2023 | markets.businessinsider.comBTIG Keeps Their Hold Rating on PennyMac Mortgage (PMT)December 27, 2023 | finance.yahoo.comWith 69% ownership of the shares, PennyMac Mortgage Investment Trust (NYSE:PMT) is heavily dominated by institutional ownersDecember 24, 2023 | seekingalpha.comPennyMac Exposure Now Available To Note InvestorsDecember 7, 2023 | msn.comUBS Initiates Coverage of Pennymac Mortgage Investment Trust (PMT) with Neutral RecommendationDecember 6, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares Fourth Quarter 2023 Dividend for Its Common SharesOctober 30, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: LPL Financial (LPLA) and PennyMac Mortgage (PMT)October 27, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust (NYSE:PMT) Q3 2023 Earnings Call TranscriptSee More Headlines Receive PMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennyMac Mortgage Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/03/2022Ex-Dividend for 1/26 Dividend12/28/2023Dividend Payable1/26/2024Today3/18/2024Next Earnings (Estimated)4/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryMortgage REITs Current SymbolNYSE:PMT CUSIP70931T10 CIK1464423 Webwww.pennymacmortgageinvestmenttrust.com Phone(818) 224-7028Fax818-936-0145Employees7Year FoundedN/APrice Target and Rating Average Stock Price Target$14.58 High Stock Price Target$16.00 Low Stock Price Target$13.50 Potential Upside/Downside+3.3%Consensus RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.61 Trailing P/E Ratio8.77 Forward P/E Ratio10.62 P/E GrowthN/ANet Income$199.65 million Net Margins46.54% Pretax Margin20.98% Return on Equity14.15% Return on Assets1.45% Debt Debt-to-Equity Ratio1.37 Current Ratio0.28 Quick Ratio0.28 Sales & Book Value Annual Sales$429.02 million Price / Sales2.85 Cash Flow$2.49 per share Price / Cash Flow5.68 Book Value$16.34 per share Price / Book0.86Miscellaneous Outstanding Shares86,650,000Free Float85,866,000Market Cap$1.22 billion OptionableOptionable Beta1.48 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. David A. Spector (Age 61)Chairman of the Board & CEO Mr. Douglas Edward Jones (Age 67)President, Chief Mortgage Banking Officer & Director Mr. Daniel Stanley Perotti (Age 43)Senior MD & CFO Mr. Derek W. Stark J.D. (Age 56)Senior MD, Chief Legal Officer & Secretary Mr. William ChangSenior MD & Chief Investment OfficerMr. Gregory L. Hendry (Age 63)Chief Accounting Officer Mr. Kevin ChamberlainExecutive Vice President of Investor RelationsMr. James Follette (Age 51)Senior MD & Chief Mortgage Operations Officer Mr. Scott BridgesSenior Managing Director of Consumer Direct Lending DivisionMs. Pamela K. Marsh CPAMD & TreasurerMore ExecutivesKey CompetitorsMFA FinancialNYSE:MFATwo Harbors InvestmentNYSE:TWOChimera InvestmentNYSE:CIMARMOUR Residential REITNYSE:ARRReady CapitalNYSE:RCView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 18,695 shares on 3/15/2024Ownership: 0.230%HBK Investments L PBought 319,000 shares on 3/14/2024Ownership: 0.000%Vanguard Group Inc.Sold 81,908 shares on 3/11/2024Ownership: 11.407%Doug JonesSold 7,810 sharesTotal: $111,995.40 ($14.34/share)Goldman Sachs Group Inc.Sold 204,775 shares on 3/1/2024Ownership: 2.065%View All Insider TransactionsView All Institutional Transactions PMT Stock Analysis - Frequently Asked Questions Should I buy or sell PennyMac Mortgage Investment Trust stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares. View PMT analyst ratings or view top-rated stocks. What is PennyMac Mortgage Investment Trust's stock price target for 2024? 5 equities research analysts have issued 12-month target prices for PennyMac Mortgage Investment Trust's shares. Their PMT share price targets range from $13.50 to $16.00. On average, they expect the company's share price to reach $14.58 in the next twelve months. This suggests a possible upside of 3.3% 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 2024? PennyMac Mortgage Investment Trust's stock was trading at $14.95 at the beginning of 2024. Since then, PMT stock has decreased by 5.6% and is now trading at $14.12. View the best growth stocks for 2024 here. Are investors shorting PennyMac Mortgage Investment Trust? PennyMac Mortgage Investment Trust saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 1,930,000 shares, a decline of 23.7% from the January 31st total of 2,530,000 shares. Based on an average daily volume of 653,300 shares, the short-interest ratio is presently 3.0 days. Currently, 2.3% of the shares of the stock are short sold. 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, April 25th 2024. View our PMT earnings forecast. How were PennyMac Mortgage Investment Trust's earnings last quarter? PennyMac Mortgage Investment Trust (NYSE:PMT) issued its earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 46.54% and a trailing twelve-month return on equity of 14.15%. During the same period last year, the company posted $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 6th. Investors of record on Friday, December 29th will be given a dividend of $0.40 per share on Friday, January 26th. This represents a $1.60 dividend on an annualized basis and a yield of 11.33%. The ex-dividend date of this dividend is Thursday, December 28th. 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 11.31%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PMT will have a dividend payout ratio of 108.84% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for PMT. What ETFs hold PennyMac Mortgage Investment Trust's stock? ETFs with the largest weight of PennyMac Mortgage Investment Trust (NYSE:PMT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) and VanEck Mortgage REIT Income ETF (MORT).iShares Mortgage Real Estate Capped ETF (REM). 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 (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). Who are PennyMac Mortgage Investment Trust's major shareholders? PennyMac Mortgage Investment Trust's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.41%), Vanguard Group Inc. (11.41%), Goldman Sachs Group Inc. (2.07%), Goldman Sachs Group Inc. (2.07%), Vaughan Nelson Investment Management L.P. (1.81%) and Charles Schwab Investment Management Inc. (1.57%). Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Marianne Sullivan, Scott W Carnahan and Stacey D Stewart. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:PMT) was last updated on 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressLike Tiny Crypto Retirement FundsCrypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceStock-Picking AI Predicts #1 Stock of 2024AltimetrySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyThe world’s greatest investmentPorter & Company Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PennyMac Mortgage Investment Trust Please log in to your account or sign up in order to add this asset to your watchlist. 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