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

7 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 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PMT shares.
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7 Wall Street analysts have issued 1-year price targets for PennyMac Mortgage Investment Trust's shares. Their PMT share price forecasts range from $16.50 to $19.75. On average, they predict the company's stock price to reach $17.97 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
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PennyMac Mortgage Investment Trust's stock was trading at $17.33 on January 1st, 2022. Since then, PMT shares have decreased by 10.8% and is now trading at $15.45.
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PennyMac Mortgage Investment Trust saw a increase in short interest in July. As of July 15th, there was short interest totaling 5,050,000 shares, an increase of 36.1% from the June 30th total of 3,710,000 shares. Based on an average daily trading volume, of 1,370,000 shares, the short-interest ratio is presently 3.7 days. Approximately 5.6% of the shares of the stock are short sold.
View PennyMac Mortgage Investment Trust's Short Interest.

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) issued its quarterly earnings data 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 in the previous year, the business posted $0.78 EPS.

PennyMac Mortgage Investment Trust declared a quarterly dividend on Thursday, June 2nd. Stockholders of record on Thursday, July 14th will be paid a dividend of $0.47 per share on Thursday, July 28th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.17%. The ex-dividend date is Wednesday, July 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 12.11%. 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."

PennyMac Mortgage Investment Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (0.59%), JPMorgan Chase & Co. (0.57%), Van ECK Associates Corp (0.42%), Smith Graham & Co. Investment Advisors LP (0.37%), Swiss National Bank (0.23%) and Centaurus Financial Inc. (0.22%). Insiders that own company stock include Doug Jones, Frank P Willey, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Scott W Carnahan, Stacey D Stewart and Sullivan Marianne.
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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.
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One share of PMT stock can currently be purchased for approximately $15.45.

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.40 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.