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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PMT shares.
View PMT analyst ratings or view top-rated stocks.

7 analysts have issued 1-year target prices for PennyMac Mortgage Investment Trust's shares. Their PMT share price forecasts range from $16.50 to $19.75. On average, they expect the company's share price to reach $17.97 in the next year. This suggests a possible upside of 16.5% from the stock's current price.
View analysts price targets for PMT or view top-rated stocks among Wall Street analysts.

PennyMac Mortgage Investment Trust's stock was trading at $17.33 on January 1st, 2022. Since then, PMT shares have decreased by 11.0% and is now trading at $15.42.
View the best growth stocks for 2022 here.

PennyMac Mortgage Investment Trust saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 5,050,000 shares, an increase of 36.1% from the June 30th total of 3,710,000 shares. Based on an average daily volume of 1,370,000 shares, the short-interest ratio is presently 3.7 days. Currently, 5.6% of the shares of the company are sold short.
View PennyMac Mortgage Investment Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our PMT earnings forecast.

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its quarterly earnings data on Thursday, February, 3rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a negative net margin of 76.32% and a negative trailing twelve-month return on equity of 8.79%. During the same period in the previous year, the company posted $0.78 earnings per share.

PennyMac Mortgage Investment Trust declared a quarterly dividend on Thursday, June 2nd. Stockholders of record on Thursday, July 14th will be paid a dividend of $0.47 per share on Thursday, July 28th. This represents a $1.88 annualized dividend and a dividend yield of 12.19%. The ex-dividend date of this dividend is Wednesday, July 13th.
Read our dividend analysis for PMT.

PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.88 per share and currently has a dividend yield of 12.07%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PMT.

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 a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.09%), Goldman Sachs Group Inc. (4.80%), State Street Corp (3.85%), Northern Trust Corp (1.04%), Principal Financial Group Inc. (0.59%) and JPMorgan Chase & Co. (0.57%). Insiders that own company stock include Doug Jones, Frank P Willey, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Scott W Carnahan, Stacey D Stewart and Sullivan Marianne.
View institutional ownership trends.

Shares of PMT stock 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.
Compare Top Brokerages Here.

One share of PMT stock can currently be purchased for approximately $15.42.

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.40 billion and generates $420.30 million in revenue each year. The real estate investment trust earns $56.85 million in net income (profit) each year or ($1.93) on an earnings per share basis.

PennyMac Mortgage Investment Trust's mailing address is 3043 Townsgate Road, Westlake Village CA, 91361. The official website for the company is www.pennymacmortgageinvestmenttrust.com. The real estate investment trust can be reached via phone at (818) 224-7028, via email at investorrelations@pnmac.com, or via fax at 818-936-0145.