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

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$20.80 +0.01 (+0.05 %)
(As of 04/21/2019 01:06 AM ET)
Previous Close$20.80
Today's Range$20.75 - $20.88
52-Week Range$17.29 - $21.42
Volume384,734 shs
Average Volume598,318 shs
Market Capitalization$1.41 billion
P/E Ratio10.45
Dividend Yield9.04%
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). Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, firm commitment to purchase CRT securities, distressed mortgage loans, real estate acquired in settlement of mortgage loans, non-Agency subordinated bonds, and small balance commercial real estate mortgage loans. 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; and interest rate hedging activities related to indebtedness. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. 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 stockholders. The company was founded in 2009 and is based in Westlake Village, California.

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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$2.3476 per share
Book Value$20.78 per share

Profitability

Net Income$152.80 million

Miscellaneous

Employees3
Market Cap$1.41 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Wednesday, March 27th. Shareholders of record on Monday, April 15th will be given a dividend of $0.47 per share on Monday, April 29th. This represents a $1.88 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date is Friday, April 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 approved a stock repurchase plan 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 plans are usually an indication that the company's management believes its shares are undervalued.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings results on Thursday, February, 7th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.14. The real estate investment trust had revenue of $83.90 million for the quarter, compared to analyst estimates of $138.40 million. PennyMac Mortgage Investment Trust had a return on equity of 12.19% and a net margin of 43.52%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 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, May 2nd 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

What price target have analysts set for PMT?

6 equities research 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 expect PennyMac Mortgage Investment Trust's share price to reach $21.6667 in the next year. This suggests a possible upside of 4.2% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 2 hold ratings and 4 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 coverage about PMT stock has been trending positive on Sunday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a news impact score of 2.8 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the near future.

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), Arlington Asset Investment (AI), Energy Transfer LP Unit (ET), NY MTG TR INC/SH (NYMT), AT&T (T), Enterprise Products Partners (EPD), AGNC Investment (AGNC), General Electric (GE), Prospect Capital (PSEC) and Centurylink (CTL).

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 shareholders include 6 Meridian (0.05%), Wedbush Securities Inc. (0.05%), Nisa Investment Advisors LLC (0.04%), Louisiana State Employees Retirement System (0.04%), Alpha Windward LLC (0.03%) and State of Alaska Department of Revenue (0.03%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, 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 major investors are selling PennyMac Mortgage Investment Trust stock?

PMT stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Wedbush Securities Inc. and 6 Meridian. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Paul Dufauchard Jr Preston, Scott W Carnahan and Vandad Fartaj. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

Which major investors are buying PennyMac Mortgage Investment Trust stock?

PMT stock was bought by a variety of institutional investors in the last quarter, including Alpha Windward LLC, Quantitative Systematic Strategies LLC, Meeder Asset Management Inc., Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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 $20.80.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.41 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.

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:  318 (Vote Outperform)
Underperform Votes:  279 (Vote Underperform)
Total Votes:  597
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 4/21/2019 by MarketBeat.com Staff

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