PennyMac Mortgage Investment Trust Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PennyMac Mortgage Investment Trust stock.
View analyst ratings for PennyMac Mortgage Investment Trust or view top-rated stocks.

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PennyMac Mortgage Investment Trust saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,900,000 shares, a decline of 17.1% from the December 31st total of 3,500,000 shares. Based on an average daily volume of 871,900 shares, the days-to-cover ratio is currently 3.3 days.
View PennyMac Mortgage Investment Trust's Short Interest.

PennyMac Mortgage Investment Trust is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for PennyMac Mortgage Investment Trust.

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its earnings results on Thursday, February, 4th. The real estate investment trust reported $0.78 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.67 by $0.11.
View PennyMac Mortgage Investment Trust's earnings history.

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 increased by 3.0% and is now trading at $19.46.
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PennyMac Mortgage Investment Trust declared a quarterly dividend on Monday, December 21st. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.47 per share on Friday, January 29th. This represents a $1.88 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date of this dividend is Wednesday, December 30th.
View PennyMac Mortgage Investment Trust's dividend history.

PennyMac Mortgage Investment Trust pays an annual dividend of $1.88 per share and currently has a dividend yield of 9.91%. 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.

7 brokerages have issued 1-year price targets for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $16.00 to $22.00. On average, they expect PennyMac Mortgage Investment Trust's share price to reach $19.21 in the next year. This suggests that the stock has a possible downside of 1.3%.
View analysts' price targets for PennyMac Mortgage Investment Trust or view top-rated stocks among Wall Street analysts.

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

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).

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.95%), Price T Rowe Associates Inc. MD (4.21%), Morgan Stanley (1.54%), JPMorgan Chase & Co. (1.26%), Bank of New York Mellon Corp (1.16%) and Northern Trust Corp (1.12%). 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.

PMT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Thornburg Investment Management Inc., JPMorgan Chase & Co., Public Sector Pension Investment Board, Citigroup Inc., SG Americas Securities LLC, Bank of New York Mellon Corp, and Northern Trust Corp. 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.

PMT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ieq Capital LLC, Healthcare of Ontario Pension Plan Trust Fund, Renaissance Technologies LLC, Van ECK Associates Corp, Credit Suisse AG, Kennedy Capital Management Inc., and Wells Fargo & Company MN. 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.

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.
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One share of PMT stock can currently be purchased for approximately $19.46.

PennyMac Mortgage Investment Trust has a market capitalization of $1.92 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.

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

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

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]