NYSE:PMT - Pennymac Mortgage Investment Stock Price, Price Target & More

Pennymac Mortgage Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "PMT."

Pennymac Mortgage Investment declared a quarterly dividend on Thursday, March 29th. Investors of record on Friday, April 13th will be given a dividend of $0.47 per share on Friday, April 27th. This represents a $1.88 annualized dividend and a yield of 10.16%. The ex-dividend date of this dividend is Thursday, April 12th. View Pennymac Mortgage Investment's Dividend History.

Pennymac Mortgage Investment declared that its board has authorized a share buyback program on Thursday, December 21st 2017, which authorizes the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Pennymac Mortgage Investment (NYSE:PMT) posted its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.05. The real estate investment trust had revenue of $75.67 million for the quarter, compared to the consensus estimate of $80.20 million. Pennymac Mortgage Investment had a return on equity of 7.28% and a net margin of 33.00%. During the same period in the previous year, the firm posted $0.47 EPS. View Pennymac Mortgage Investment's Earnings History.

Pennymac Mortgage Investment is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for Pennymac Mortgage Investment.

1 Wall Street analysts have issued 12 month target prices for Pennymac Mortgage Investment's shares. Their predictions range from $18.00 to $18.00. On average, they anticipate Pennymac Mortgage Investment's share price to reach $18.00 in the next year. View Analyst Ratings for Pennymac Mortgage Investment.

Some companies that are related to Pennymac Mortgage Investment include Gramercy Property Trust (GPT), Brixmor Property Group (BRX), EPR Properties (EPR), Apple Hospitality REIT (APLE), JBG Smith (JBGS), Life Storage (LSI), Ryman Hospitality Properties (RHP), First Industrial Realty Trust (FR), RLJ Lodging Trust (RLJ), Senior Housing Properties Trust (SNH), HRPT Properties Trust (EQC), Cousins Properties (CUZ), CoreSite (COR), LaSalle Hotel Properties (LHO) and Uniti Group (UNIT).

News coverage about PMT stock has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pennymac Mortgage Investment earned a media sentiment score of 0.13 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 46.00 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Pennymac Mortgage Investment's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.85%), Thornburg Investment Management Inc. (4.22%), UBS Group AG (3.18%), LSV Asset Management (2.26%), Citigroup Inc. (1.85%) and Global X Management Co. LLC (1.67%). Company insiders that own Pennymac Mortgage Investment stock include Andrew S Chang, David M Walker, David Spector, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart, Steven Richard Bailey and Vandad Fartaj. View Institutional Ownership Trends for Pennymac Mortgage Investment.

PMT stock was sold by a variety of institutional investors in the last quarter, including Global X Management Co. LLC, Citadel Advisors LLC, Barclays PLC, Wells Fargo & Company MN, UBS Group AG, LSV Asset Management, Stifel Financial Corp and Van ECK Associates Corp. Company insiders that have sold Pennymac Mortgage Investment company stock in the last year include Andrew S Chang, David M Walker, David Spector, Gregory L Hendry, Paul Dufauchard Jr Preston, Scott W Carnahan, Steven Richard Bailey and Vandad Fartaj. View Insider Buying and Selling for Pennymac Mortgage Investment.

PMT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Principal Financial Group Inc., Thornburg Investment Management Inc., Algebris UK Ltd, American Century Companies Inc., JPMorgan Chase & Co., Rhumbline Advisers and Prudential Financial Inc.. Company insiders that have bought Pennymac Mortgage Investment stock in the last two years include Marianne Sullivan and Scott W Carnahan. View Insider Buying and Selling for Pennymac Mortgage Investment.

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.

One share of PMT stock can currently be purchased for approximately $18.50.

Pennymac Mortgage Investment has a market capitalization of $1.13 billion and generates $317.94 million in revenue each year. The real estate investment trust earns $117.74 million in net income (profit) each year or $1.30 on an earnings per share basis. Pennymac Mortgage Investment employs 3 workers across the globe.

Pennymac Mortgage Investment'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]