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

7 Wall Street 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 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PMT shares.
View PMT analyst ratings or view top-rated stocks.

7 Wall Street research analysts have issued 12-month target prices for PennyMac Mortgage Investment Trust's shares. Their PMT share price forecasts range from $16.00 to $19.75. On average, they expect the company's share price to reach $17.91 in the next twelve months. This suggests a possible upside of 48.2% from the stock's current price.
View analysts price targets for PMT or view top-rated stocks among Wall Street analysts.

PennyMac Mortgage Investment Trust's stock was trading at $17.33 at the beginning of the year. Since then, PMT stock has decreased by 30.3% and is now trading at $12.08.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PMT earnings forecast.

PennyMac Mortgage Investment Trust (NYSE:PMT) posted 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 76.32% and a negative trailing twelve-month return on equity of 8.79%. During the same period last year, the company posted $0.78 earnings per share.

PennyMac Mortgage Investment Trust declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, October 14th will be given a dividend of $0.47 per share on Friday, October 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 15.56%. The ex-dividend date is Thursday, October 13th.
Read our dividend analysis for PMT.

PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.88 per share and currently has a dividend yield of 14.30%. 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."

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.

One share of PMT stock can currently be purchased for approximately $12.08.

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.09 billion and generates $420.30 million in revenue each year. The real estate investment trust earns $56.85 million in net income (profit) each year or ($1.93) 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.