PennyMac Mortgage Investment Trust Stock Forecast, Price & News

$19.72
-0.20 (-1.00 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$19.62
$20.09
50-Day Range
$19.12
$21.30
52-Week Range
$14.79
$21.53
Volume568,740 shs
Average Volume742,465 shs
Market Capitalization$1.93 billion
P/E Ratio2.86
Dividend Yield9.53%
Beta1.17
30 days | 90 days | 365 days | Advanced Chart
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PennyMac Mortgage Investment Trust logo

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in mortgage-related assets in the United States. The company operates through Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS); and related interest rate hedging activities. Its Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. 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 shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.

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MarketRank

Overall MarketRank

2.37 out of 5 stars

Finance Sector

183rd out of 791 stocks

Real Estate Investment Trusts Industry

41st out of 125 stocks

Analyst Opinion: 1.2Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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PennyMac Mortgage Investment Trust (NYSE:PMT) Frequently Asked Questions

Is PennyMac Mortgage Investment Trust a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PennyMac Mortgage Investment Trust stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares.
View analyst ratings for PennyMac Mortgage Investment Trust
or view top-rated stocks.

What stocks does MarketBeat like better than PennyMac Mortgage Investment Trust?

Wall Street analysts have given PennyMac Mortgage Investment Trust a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PennyMac Mortgage Investment Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a decline in short interest in June. As of June 30th, there was short interest totaling 2,900 shares, a decline of 99.9% from the June 15th total of 3,060,000 shares. Based on an average trading volume of 844,300 shares, the days-to-cover ratio is presently 0.0 days.
View PennyMac Mortgage Investment Trust's Short Interest
.

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

PennyMac Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for PennyMac Mortgage Investment Trust
.

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

PennyMac Mortgage Investment Trust (NYSE:PMT) released its quarterly earnings results on Thursday, May, 6th. The real estate investment trust reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. PennyMac Mortgage Investment Trust had a net margin of 60.51% and a trailing twelve-month return on equity of 35.75%.
View PennyMac Mortgage Investment Trust's earnings history
.

How has PennyMac Mortgage Investment Trust's stock price been impacted by Coronavirus (COVID-19)?

PennyMac Mortgage Investment Trust's stock was trading at $18.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PMT stock has increased by 4.3% and is now trading at $19.72.
View which stocks have been most impacted by COVID-19
.

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 23rd. Shareholders of record on Thursday, July 15th will be paid a dividend of $0.47 per share on Thursday, July 29th. This represents a $1.88 annualized dividend and a dividend yield of 9.53%. The ex-dividend date is Wednesday, July 14th.
View PennyMac Mortgage Investment Trust's dividend history
.

Is PennyMac Mortgage Investment Trust a good dividend stock?

PennyMac Mortgage Investment Trust pays an annual dividend of $1.88 per share and currently has a dividend yield of 9.53%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. PennyMac Mortgage Investment Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of PennyMac Mortgage Investment Trust is 696.30%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 86.64% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend.
View PennyMac Mortgage Investment Trust's dividend history.

What price target have analysts set for PMT?

6 Wall Street analysts have issued 1 year price targets for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $18.50 to $22.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $19.90 in the next twelve months. This suggests a possible upside of 0.9% from the stock's current price.
View analysts' price targets for PennyMac Mortgage Investment Trust
or view top-rated stocks among Wall Street analysts.

Who are PennyMac Mortgage Investment Trust's key executives?

PennyMac Mortgage Investment Trust's management team includes the following people:
  • Mr. David A. Spector, Chairman & CEO (Age 58)
  • Mr. Douglas Edward Jones, Pres & Chief Mortgage Banking Officer (Age 64)
  • Mr. Andrew S. Chang, Sr. MD & COO (Age 44)
  • Mr. Vandad Fartaj, Sr. MD & Chief Investment Officer (Age 46)
  • Mr. Daniel Stanley Perotti, Sr. MD & CFO (Age 40)
  • Mr. Gregory L. Hendry, Chief Accounting Officer (Age 60)
  • Mr. Kevin Chamberlain, Exec. VP of Investor Relations
  • Mr. Derek W. Stark J.D., Sr. MD, Chief Legal Officer & Sec. (Age 53)
  • Mr. David M. Walker, Sr. MD & Chief Risk Officer (Age 66)
  • Ms. Anne D. McCallion, Sr. MD & Chief Enterprise Operations Officer (Age 66)

Who are some of PennyMac Mortgage Investment Trust's key competitors?

What other stocks do shareholders of PennyMac Mortgage Investment Trust own?

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."

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by a variety of retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (0.64%), Advisors Asset Management Inc. (0.10%), Whittier Trust Co. (0.09%), State of Alaska Department of Revenue (0.07%), Oregon Public Employees Retirement Fund (0.04%) and Whittier Trust Co. of Nevada Inc. (0.03%). Company insiders that own PennyMac Mortgage Investment Trust stock include Doug Jones, Frank P Willey, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart and Sullivan Marianne.
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 Zurcher Kantonalbank Zurich Cantonalbank , Oregon Public Employees Retirement Fund, and Cutler Group LP. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Doug Jones, Marianne Sullivan, Scott W Carnahan, and Stacey D Stewart.
View insider buying and selling activity for PennyMac Mortgage Investment Trust
or view top insider-selling stocks.

Which institutional investors are buying PennyMac Mortgage Investment Trust stock?

PMT stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Advisors Asset Management Inc., Whittier Trust Co., State of Alaska Department of Revenue, Perennial Investment Advisors LLC, and Whittier Trust Co. of Nevada Inc.. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Frank P Willey, Scott W Carnahan, and Sullivan Marianne.
View insider buying and selling activity for PennyMac Mortgage Investment Trust
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PennyMac Mortgage Investment Trust's stock price today?

One share of PMT stock can currently be purchased for approximately $19.72.

How much money does PennyMac Mortgage Investment Trust make?

PennyMac Mortgage Investment Trust has a market capitalization of $1.93 billion and generates $469.35 million in revenue each year. The real estate investment trust earns $52.37 million in net income (profit) each year or $0.27 on an earnings per share basis.

How many employees does PennyMac Mortgage Investment Trust have?

PennyMac Mortgage Investment Trust employs 6,000 workers across the globe.

What is PennyMac Mortgage Investment Trust's official website?

The official website for PennyMac Mortgage Investment Trust is www.pennymacmortgageinvestmenttrust.com.

Where are PennyMac Mortgage Investment Trust's headquarters?

PennyMac Mortgage Investment Trust is headquartered at 3043 Townsgate Road, Westlake Village CA, 91361.

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]


This page was last updated on 8/1/2021 by MarketBeat.com Staff
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