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

$21.50
-0.35 (-1.60 %)
(As of 06/24/2019 04:51 AM ET)
Today's Range
$21.50
Now: $21.50
$21.82
50-Day Range
$20.73
MA: $21.29
$21.90
52-Week Range
$17.88
Now: $21.50
$21.99
Volume1.13 million shs
Average Volume795,911 shs
Market Capitalization$1.47 billion
P/E Ratio10.80
Dividend Yield8.74%
Beta0.6
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). Read More…

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$351.07 million
Cash Flow$2.3549 per share
Book Value$20.78 per share

Profitability

Net Income$152.80 million

Miscellaneous

Employees3
Market Cap$1.47 billion
Next Earnings Date8/1/2019 (Estimated)
OptionableOptionable

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

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."

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 27th. Shareholders of record on Monday, April 15th will be given a dividend of $0.47 per share on Monday, April 29th. This represents a $1.88 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date of this dividend is Friday, April 12th. View PennyMac Mortgage Investment Trust's Dividend History.

How will PennyMac Mortgage Investment Trust's stock buyback program work?

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

How were PennyMac Mortgage Investment Trust's earnings last quarter?

PennyMac Mortgage Investment Trust (NYSE:PMT) announced its earnings results on Thursday, May, 2nd. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.25. The real estate investment trust earned $106.62 million during the quarter, compared to the consensus estimate of $89.10 million. PennyMac Mortgage Investment Trust had a return on equity of 13.71% and a net margin of 46.63%. During the same quarter last year, the company posted $0.35 EPS. View PennyMac Mortgage Investment Trust's Earnings History.

When is PennyMac Mortgage Investment Trust's next earnings date?

PennyMac Mortgage Investment Trust is scheduled to release their next quarterly earnings announcement on Thursday, August 1st 2019. View Earnings Estimates for PennyMac Mortgage Investment Trust.

What price target have analysts set for PMT?

7 analysts have issued 12 month target prices for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $20.00 to $23.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $21.8571 in the next year. This suggests a possible upside of 1.7% from the stock's current price. View Analyst Price Targets for PennyMac Mortgage Investment Trust.

What is the consensus analysts' recommendation for PennyMac Mortgage Investment Trust?

7 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for PennyMac Mortgage Investment Trust.

Has PennyMac Mortgage Investment Trust been receiving favorable news coverage?

News articles about PMT stock have been trending somewhat positive on Monday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PennyMac Mortgage Investment Trust earned a news sentiment score of 1.6 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for PennyMac Mortgage Investment Trust.

Are investors shorting PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust saw a increase in short interest in May. As of May 31st, there was short interest totalling 1,558,400 shares, an increase of 208.7% from the April 30th total of 504,900 shares. Based on an average daily volume of 792,900 shares, the short-interest ratio is currently 2.0 days. Approximately 2.4% of the shares of the company are short sold. View PennyMac Mortgage Investment Trust's Current Options Chain.

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), AT&T (T), Energy Transfer LP Unit (ET), Arlington Asset Investment (AI), Enterprise Products Partners (EPD), NY MTG TR INC/SH (NYMT), AGNC Investment (AGNC), Prospect Capital (PSEC), Ares Capital (ARCC) and ANNALY CAP MGMT/SH (NLY).

Who are PennyMac Mortgage Investment Trust's key executives?

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

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Thornburg Investment Management Inc. (3.03%), LSV Asset Management (2.01%), Citigroup Inc. (1.67%), Acadian Asset Management LLC (1.22%), Marshall Wace LLP (0.99%) and Parametric Portfolio Associates LLC (0.60%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David M Walker, David Spector, Doug Jones, Gregory L Hendry, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Steven Richard Bailey 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 California Public Employees Retirement System, Parametric Portfolio Associates LLC, SG Americas Securities LLC, Nisa Investment Advisors LLC, Adams Diversified Equity Fund Inc., Catalyst Capital Advisors LLC, First Trust Advisors LP and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include David Spector, Paul Dufauchard Jr Preston, Scott W Carnahan and Vandad Fartaj. View Insider Buying and Selling for PennyMac Mortgage Investment Trust.

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 Marshall Wace LLP, Acadian Asset Management LLC, Nordea Investment Management AB, ClariVest Asset Management LLC, Thornburg Investment Management Inc., Martingale Asset Management L P, Alphasimplex Group LLC and Stratos Wealth Partners LTD.. 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.

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, Scottrade, 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 $21.50.

How big of a company is PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust has a market capitalization of $1.47 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.

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:  328 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  613
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 6/24/2019 by MarketBeat.com Staff

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