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

PennyMac Mortgage Investment Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PMT."

PennyMac Mortgage Investment Trust declared a quarterly dividend on Tuesday, September 24th. Shareholders of record on Monday, October 14th will be given a dividend of $0.47 per share on Wednesday, October 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date is Thursday, October 10th. View PennyMac Mortgage Investment Trust's Dividend History.

PennyMac Mortgage Investment Trust declared that its Board of Directors has authorized a share repurchase program on Thursday, December 21st 2017, which allows the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its earnings results on Thursday, August, 1st. The real estate investment trust reported $0.50 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.48 by $0.02. The real estate investment trust earned $96.40 million during the quarter, compared to analysts' expectations of $104.95 million. PennyMac Mortgage Investment Trust had a net margin of 47.03% and a return on equity of 13.29%. During the same period in the prior year, the firm earned $0.70 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

8 brokerages have issued 1 year price objectives for PennyMac Mortgage Investment Trust's stock. Their forecasts range from $21.00 to $24.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $22.57 in the next twelve months. This suggests a possible upside of 1.1% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

8 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PennyMac Mortgage Investment Trust.

Media coverage about PMT stock has been trending negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave media 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 News Stories for PennyMac Mortgage Investment Trust.

Some companies that are related to PennyMac Mortgage Investment Trust include Starwood Property Trust (STWD), CubeSmart (CUBE), American Campus Communities (ACC), SL Green Realty (SLG), New Residential Investment (NRZ), Brixmor Property Group (BRX), Healthcare Trust Of America (HTA), EPR Properties (EPR), Cousins Properties (CUZ), Howard Hughes (HHC), JBG SMITH Properties (JBGS), PS Business Parks (PSB), First Industrial Realty Trust (FR), Rexford Industrial Realty (REXR) and Life Storage (LSI).

Based on aggregate information from My MarketBeat watchlists, some companies that other PennyMac Mortgage Investment Trust investors own include New Residential Investment (NRZ), Enterprise Products Partners (EPD), AT&T (T), Energy Transfer LP Unit (ET), AGNC Investment (AGNC), Ladder Capital (LADR), NY MTG TR INC/SH (NYMT), Arlington Asset Investment (AI), CHIMERA INVT CO/SH NEW (CIM) and Verizon Communications (VZ).

PennyMac Mortgage Investment Trust's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%), Wiley BROS. Aintree Capital LLC (0.02%) and Advantage Investment Management LLC (0.01%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Steven Richard Bailey and Vandad Fartaj. View Institutional Ownership Trends for PennyMac Mortgage Investment Trust.

PMT stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Advantage Investment Management LLC and Wiley BROS. Aintree Capital LLC. 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.

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 $22.32.

PennyMac Mortgage Investment Trust has a market capitalization of $1.75 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.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]