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

$11.18
-1.67 (-13.00 %)
(As of 03/29/2020 01:56 AM ET)
Today's Range
$11.13
Now: $11.18
$12.75
50-Day Range
$5.68
MA: $18.67
$23.57
52-Week Range
$3.50
Now: $11.18
$23.79
Volume3.15 million shs
Average Volume3.53 million shs
Market Capitalization$1.12 billion
P/E Ratio4.58
Dividend Yield14.63%
Beta0.75
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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PennyMac Mortgage Investment Trust logo

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$488.82 million
Cash Flow$5.30 per share
Book Value$21.47 per share

Profitability

Net Income$226.36 million

Miscellaneous

Employees3
Market Cap$1.12 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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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. 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.

Do Wall Street analysts recommend investors buy shares of 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.

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, May 7th 2020. 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, 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.

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 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.

What price target have analysts set for PMT?

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.

Has PennyMac Mortgage Investment Trust been receiving favorable news coverage?

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.

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), 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).

Who are PennyMac Mortgage Investment Trust's key executives?

PennyMac Mortgage Investment Trust's management team includes the following 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)

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 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.

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 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.

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 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.

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, 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 $11.18.

How big of a company is PennyMac Mortgage Investment Trust?

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.

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:  381 (Vote Outperform)
Underperform Votes:  319 (Vote Underperform)
Total Votes:  700
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 3/29/2020 by MarketBeat.com Staff

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