NYSE:PMT - PennyMac Mortgage Investment Trust Stock Price, News & Analysis

$22.19
+0.01 (+0.05 %)
(As of 08/22/2019 08:16 AM ET)
Today's Range
$22.10
Now: $22.19
$22.24
50-Day Range
$21.64
MA: $22.03
$22.5150
52-Week Range
$17.88
Now: $22.19
$22.62
Volume735,582 shs
Average Volume1.46 million shs
Market Capitalization$1.74 billion
P/E Ratio11.15
Dividend Yield8.53%
Beta0.6
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). Read More…

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$351.07 million
Cash Flow$2.3682 per share
Book Value$20.92 per share

Profitability

Net Income$152.80 million

Miscellaneous

Employees3
Market Cap$1.74 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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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, June 26th. Shareholders of record on Monday, July 15th will be paid a dividend of $0.47 per share on Tuesday, July 30th. This represents a $1.88 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend is Friday, July 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 has initiated a stock repurchase program on Thursday, December 21st 2017, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) posted its earnings results on Thursday, August, 1st. The real estate investment trust reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The real estate investment trust earned $96.40 million during the quarter, compared to analysts' expectations of $104.95 million. PennyMac Mortgage Investment Trust had a net margin of 47.03% and a return on equity of 13.29%. During the same quarter last year, the firm posted $0.70 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

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

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

What price target have analysts set for PMT?

8 analysts have issued 12 month target prices for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they anticipate PennyMac Mortgage Investment Trust's stock price to reach $21.8571 in the next year. This suggests that the stock has a possible downside of 1.5%. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

What is the consensus analysts' recommendation for PennyMac Mortgage Investment Trust?

8 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PennyMac Mortgage Investment Trust.

Has PennyMac Mortgage Investment Trust been receiving favorable news coverage?

News articles about PMT stock have been trending positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of 2.5 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the immediate future. View News Stories for PennyMac Mortgage Investment Trust.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,775,100 shares, a decline of 8.1% from the June 30th total of 3,019,200 shares. Based on an average trading volume of 966,600 shares, the days-to-cover ratio is presently 2.9 days. Currently, 4.2% of the shares of the stock are short sold. View PennyMac Mortgage Investment Trust's Current Options Chain.

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), AT&T (T), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), Arlington Asset Investment (AI), NY MTG TR INC/SH (NYMT), Ladder Capital (LADR), Verizon Communications (VZ) and Ares Capital (ARCC).

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 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)

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.24%), Vanguard Group Inc. (9.30%), UBS Group AG (2.58%), Invesco Ltd. (2.06%), LSV Asset Management (2.04%) and Bank of New York Mellon Corp (1.42%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Steven Richard Bailey and Vandad Fartaj. View Institutional Ownership Trends for PennyMac Mortgage Investment Trust.

Which institutional investors are selling PennyMac Mortgage Investment Trust stock?

PMT stock was sold by a variety of institutional investors in the last quarter, including Bessemer Group Inc., Ellington Management Group LLC, Pinebridge Investments L.P., Balyasny Asset Management LLC, Parametric Portfolio Associates LLC, Zebra Capital Management LLC, Jennison Associates LLC and Jennison Associates LLC. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include David Spector, Jeffrey Grogin, Scott W Carnahan and Vandad Fartaj. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

Which institutional investors are buying PennyMac Mortgage Investment Trust stock?

PMT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Vanguard Group Inc., UBS Group AG, Allianz Asset Management GmbH, Grantham Mayo Van Otterloo & Co. LLC, Invesco Ltd. and Nuveen Asset Management LLC. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Marianne Sullivan and Scott W Carnahan. View Insider Buying and Selling 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, 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 $22.19.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.74 billion and generates $351.07 million in revenue each year. The real estate investment trust earns $152.80 million in net income (profit) each year or $1.99 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 3 workers across the globe.View Additional Information About PennyMac Mortgage Investment Trust.

What is PennyMac Mortgage Investment Trust's official website?

The official website for PennyMac Mortgage Investment Trust is http://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]


MarketBeat Community Rating for PennyMac Mortgage Investment Trust (NYSE PMT)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  339 (Vote Outperform)
Underperform Votes:  294 (Vote Underperform)
Total Votes:  633
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.
This page was last updated on 8/22/2019 by MarketBeat.com Staff

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