NYSE:PMT

PennyMac Mortgage Investment Trust Stock Forecast, Price & News

$17.22

-0.16 (-0.92 %)

(As of 01/15/2021 12:00 AM ET)

Add

Compare

Today's Range

$17.22

Now: $17.22▼

$17.39

50-Day Range

$17.00

MA: $17.61▼

$18.21

52-Week Range

$3.50

Now: $17.22▼

$23.79

Volume775,727 shs

Average Volume946,102 shs

Market Capitalization$1.70 billion

P/E Ratio1,722.00

Dividend Yield10.88%

Beta1.18

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, including firm commitment to purchase 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 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 mortgage-backed securities (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.

MarketRank^™

Overall MarketRank^™

1.92 out of 5 stars

Finance Sector

294th out of 301 stocks

Real Estate Investment Trusts Industry

62nd out of 64 stocks

2.3 Analyst's Opinion

Consensus Rating
PennyMac Mortgage Investment Trust has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.81, PennyMac Mortgage Investment Trust has a forecasted upside of 15.1% from its current price of $17.22.
Amount of Analyst Coverage
PennyMac Mortgage Investment Trust has only been the subject of 3 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
PennyMac Mortgage Investment Trust has received 399 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
PennyMac Mortgage Investment Trust has received 339 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
PennyMac Mortgage Investment Trust has received 54.07% “outperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
PennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 10.92%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PennyMac Mortgage Investment Trust has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of PennyMac Mortgage Investment Trust is 77.69%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 88.26% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PennyMac Mortgage Investment Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $160,290.00 in company stock.
Percentage Held by Insiders
Only 1.63% of the stock of PennyMac Mortgage Investment Trust is held by insiders.
Percentage Held by Institutions
75.40% of the stock of PennyMac Mortgage Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for PennyMac Mortgage Investment Trust are expected to grow in the coming year, from ($0.48) to $2.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PennyMac Mortgage Investment Trust is -78.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PennyMac Mortgage Investment Trust is -78.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PennyMac Mortgage Investment Trust has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryMortgage REITs

SectorFinance

Current SymbolNYSE:PMT

Previous Symbol

CUSIP70931T10

CIK1464423

Webwww.pennymacmortgageinvestmenttrust.com

Phone818-224-7442

Employees1

Debt

Debt-to-Equity Ratio0.23

Current Ratio0.63

Quick Ratio0.63

Price-To-Earnings

Trailing P/E Ratio1,722.00

Forward P/E Ratio63.78

P/E GrowthN/A

Sales & Book Value

Annual Sales$488.82 million

Price / Sales3.48

Cash Flow$6.06 per share

Price / Cash Flow2.84

Book Value$21.47 per share

Price / Book0.80

Profitability

EPS (Most Recent Fiscal Year)$2.42

Net Income$226.36 million

Net MarginsN/A

Return on Equity1.48%

Return on Assets0.26%

Miscellaneous

Outstanding Shares98,790,000

Market Cap$1.70 billion

Next Earnings Date2/4/2021 (Estimated)

OptionableOptionable

$17.22

-0.16 (-0.92 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive PMT News and Ratings via Email

Sign-up to receive the latest news and ratings for PMT and its competitors with MarketBeat's FREE daily newsletter.

PennyMac Mortgage Investment Trust (NYSE:PMT) Frequently Asked Questions

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

PennyMac Mortgage Investment Trust's stock was trading at $18.90 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PMT shares have decreased by 8.9% and is now trading at $17.22.
View which stocks have been most impacted by COVID-19.

Is PennyMac Mortgage Investment Trust a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PennyMac Mortgage Investment Trust stock.
View analyst ratings for PennyMac Mortgage Investment Trust or view MarketBeat's top 5 stock picks.

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

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

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, February 4th 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) issued its earnings results on Thursday, November, 5th. The real estate investment trust reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.68.
View PennyMac Mortgage Investment Trust's earnings history.

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 Monday, December 21st. Stockholders of record on Thursday, December 31st will be given a dividend of $0.47 per share on Friday, January 29th. This represents a $1.88 annualized dividend and a yield of 10.92%. The ex-dividend date is Wednesday, December 30th.
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 10.88%. 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 strock track record of dividend growth. The dividend payout ratio of PennyMac Mortgage Investment Trust is 77.69%. 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 87.44% 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?

8 analysts have issued 1 year price objectives for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $16.00 to $24.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $19.81 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price.
View analysts' price targets for PennyMac Mortgage Investment Trust or view Wall Street analyst' top-rated stocks.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a drop in short interest in December. As of December 31st, there was short interest totaling 4,090,000 shares, a drop of 24.0% from the December 15th total of 5,380,000 shares. Based on an average daily trading volume, of 849,400 shares, the short-interest ratio is currently 4.8 days.
View PennyMac Mortgage Investment Trust's Short Interest.

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

Some companies that are related to PennyMac Mortgage Investment Trust include Annaly Capital Management (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), Chimera Investment (CIM), Colony Capital (CLNY), Two Harbors Investment (TWO), MFA Financial (MFA), Apollo Commercial Real Estate Finance (ARI), New York Mortgage Trust (NYMT), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), Ready Capital (RC), Invesco Mortgage Capital (IVR), Capstead Mortgage (CMO) and Dynex Capital (DX).
View all of PMT's 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), 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).

Who are PennyMac Mortgage Investment Trust's key executives?

PennyMac Mortgage Investment Trust's management team includes the following people:

Mr. David A. Spector, CEO, Pres & Trustee (Age 58)
Mr. Andrew S. Chang, Sr. MD & COO (Age 44)
Mr. Vandad Fartaj, Sr. MD & Chief Investment Officer (Age 46)
Mr. Douglas Jones, Sr. MD & Chief Mortgage Banking Officer (Age 64)
Mr. Daniel Stanley Perotti, Sr. MD & CFO (Age 40)
Mr. Gregory L. Hendry, Chief Accounting Officer (Age 60)
Mr. Christopher Oltmann, Sr. VP of Investor Relations
Mr. Derek W. Stark J.D., Sr. MD, Chief Legal Officer & Sec.
Mr. David M. Walker, Sr. MD & Chief Risk Officer (Age 66)
Ms. Anne D. McCallion, Sr. MD & Chief Enterprise Operations Officer (Age 66)

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 many different institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%), Crossmark Global Holdings Inc. (0.02%) and Powell Investment Advisors LLC (0.01%). Company insiders that own PennyMac Mortgage Investment Trust stock include David Spector, Doug Jones, Frank P Willey, Jeffrey Grogin, 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 State of Alaska Department of Revenue, and Crossmark Global Holdings Inc.. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Doug Jones, Marianne Sullivan, Paul Dufauchard Jr Preston, 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 purchased by a variety of institutional investors in the last quarter, including Powell Investment Advisors LLC. 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.

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

One share of PMT stock can currently be purchased for approximately $17.22.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.70 billion and generates $488.82 million in revenue each year. The real estate investment trust earns $226.36 million in net income (profit) each year or $2.42 on an earnings per share basis. PennyMac Mortgage Investment Trust employs 1 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.

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 1/18/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here