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

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. Since then, PMT shares have decreased by 40.8% and is now trading at $11.18. View which stocks have been mosted impacted by Coronavirus.

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.

PennyMac Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its earnings results on Thursday, February, 6th. The real estate investment trust reported $0.55 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.54 by $0.01. The real estate investment trust had revenue of $155.04 million for the quarter, compared to analyst estimates of $133.35 million. PennyMac Mortgage Investment Trust had a return on equity of 12.68% and a net margin of 46.31%. During the same period in the prior year, the firm posted $0.63 EPS. View PennyMac Mortgage Investment Trust's earnings history.

PennyMac Mortgage Investment Trust announced a quarterly dividend on Wednesday, March 25th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.25 per share on Thursday, April 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.94%. The ex-dividend date is Tuesday, April 14th. View PennyMac Mortgage Investment Trust's dividend history.

6 brokerages have issued 12-month price targets for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $22.50 to $24.00. On average, they anticipate PennyMac Mortgage Investment Trust's stock price to reach $23.30 in the next year. This suggests a possible upside of 108.4% from the stock's current price. View analysts' price targets for PennyMac Mortgage Investment Trust.

Media coverage about PMT stock has trended negative on Sunday, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutPennyMac Mortgage Investment Trust.

Some companies that are related to PennyMac Mortgage Investment Trust include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), CHIMERA INVT CO/SH NEW (CIM), Apollo Commercial Real Est. Finance (ARI), Two Harbors Investment (TWO), Colony Capital (CLNY), Invesco Mortgage Capital (IVR), MFA FINL INC/SH (MFA), Redwood Trust (RWT), NY MTG TR INC/SH (NYMT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Ready Capital (RC) and Dynex Capital (DX).

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 LP Unit (ET), AT&T (T), Enterprise Products Partners (EPD), AGNC Investment (AGNC), Ares Capital (ARCC), Verizon Communications (VZ), NY MTG TR INC/SH (NYMT), ANNALY CAP MGMT/SH (NLY) and ARBOR RLTY TR I/SH (ABR).

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 retail and institutional investors. Top institutional investors include State Street Corp (2.94%), Goldman Sachs Group Inc. (2.79%), UBS Group AG (1.92%), Thornburg Investment Management Inc. (1.84%), LSV Asset Management (1.60%) and Norges Bank (1.44%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Frank P Willey, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart and Vandad Fartaj. View institutional ownership trends for PennyMac Mortgage Investment Trust.

PMT stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, UBS Group AG, Acadian Asset Management LLC, Nuveen Asset Management LLC, Mackay Shields LLC, Panagora Asset Management Inc., First Trust Advisors LP, and SG Americas Securities LLC. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Doug Jones, Jeffrey Grogin, Paul Dufauchard Jr Preston, and Stacey D Stewart. View insider buying and selling activity for PennyMac Mortgage Investment Trust.

PMT stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Goldman Sachs Group Inc., Renaissance Technologies LLC, Laurion Capital Management LP, LSV Asset Management, Alliancebernstein L.P., State Street Corp, and Geode Capital Management LLC. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Frank P Willey, Marianne Sullivan, and Scott W Carnahan. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of PMT stock can currently be purchased for approximately $11.18.

PennyMac Mortgage Investment Trust has a market capitalization of $1.12 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 3 workers across the globe. View additional information about PennyMac Mortgage Investment Trust.

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

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]