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PFE   53.96 (-0.07%)
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NYSE:PMT

PennyMac Mortgage Investment Trust Stock Forecast, Price & News

$18.27
-0.11 (-0.60%)
(As of 11/29/2021 11:43 AM ET)
Add
Compare
Today's Range
$18.18
▼
$18.62
50-Day Range
$18.27
▼
$20.60
52-Week Range
$16.86
▼
$21.53
Volume
6,574 shs
Average Volume
829,679 shs
Market Capitalization
$1.77 billion
P/E Ratio
13.84
Dividend Yield
10.23%
Beta
1.11
View Price History Chart DataSkip Price History Chart
30 days | 90 days | 365 days | Advanced Chart
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PennyMac Mortgage Investment Trust logo

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on

Headlines

First Week of July 2022 Options Trading For Pennymac Mortgage Investment Trust (PMT)
November 19, 2021 |  nasdaq.com
Pennymac Mortgage Investment Trust is Oversold
November 9, 2021 |  nasdaq.com
PennyMac Mortgage Investment Trust (NYSE:PMT) Lowered to "Market Perform" at Keefe, Bruyette & Woods
November 9, 2021 |  americanbankingnews.com
Here's What PennyMac Mortgage Investment Trust's (NYSE:PMT) Shareholder Ownership Structure Looks Like
November 8, 2021 |  nasdaq.com
PennyMac Mortgage Investment Trust's (NYSE:PMT) underlying earnings growth outpaced the favorable return generated for shareholders over the past year
November 8, 2021 |  finance.yahoo.com
PennyMac Mortgage Investment Trust (NYSE:PMT) Posts Earnings Results, Misses Expectations By $0.98 EPS
November 6, 2021 |  americanbankingnews.com
PennyMac Mortgage Investment Trust (NYSE:PMT) Given Average Recommendation of "Hold" by Brokerages
November 6, 2021 |  americanbankingnews.com
Pennymac Mortgage Investment Trust Breaks Below 200-Day Moving Average - Notable for PMT
November 5, 2021 |  nasdaq.com
PennyMac Mortgage Investment Trust (PMT) Q3 2021 Earnings Call Transcript
November 5, 2021 |  finance.yahoo.com
PennyMac Mortgage (PMT) Reports Q3 Loss, Lags Revenue Estimates
November 5, 2021 |  finance.yahoo.com
PennyMac Mortgage Investment Trust Reports Third Quarter 2021 Results
November 4, 2021 |  finance.yahoo.com
Ex-Dividend Reminder: AbbVie, BlackRock Health Sciences Trust II and Pennymac Mortgage Investment Trust
October 14, 2021 |  nasdaq.com
PennyMac Companies Support Broker and Correspondent Partners By Offering Conforming High Balance Loan Amounts Up to $625,000 Nationally
September 30, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
Current Symbol
NYSE:PMT
Previous Symbol
CUSIP
70931T10
CIK
1464423
Web
www.pennymacmortgageinvestmenttrust.com
Phone
(818) 224-7028
Fax
818-936-0145
Employees
1
Year Founded
N/A

Sales & Book Value

Annual Sales
$469.35 million
Price / Sales
3.78
Cash Flow
$0.69 per share
Price / Cash Flow
26.32
Book Value
$19.98 per share
Price / Book
0.91

Profitability

EPS (Most Recent Fiscal Year)
$1.32
Net Income
$52.37 million
Net Margins
26.51%
Pretax Margin
24.33%
Return on Equity
7.49%
Return on Assets
1.17%

Debt

Debt-to-Equity Ratio
0.72
Current Ratio
0.63
Quick Ratio
0.59

Price-To-Earnings

Trailing P/E Ratio
13.84
Forward P/E Ratio
9.93
P/E Growth
N/A

Miscellaneous

Outstanding Shares
97,007,000
Free Float
96,192,000
Market Cap
$1.77 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
10/14/2021
Dividend Payable
10/28/2021
Last Earnings
11/04/2021
Today
11/29/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/03/2022

MarketRank™

Overall MarketRank™

2.70 out of 5 stars

Finance Sector

148th out of 1,340 stocks

Real Estate Investment Trusts Industry

31st out of 222 stocks

Analyst Opinion: 2.2Community Rank: 4.7Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -












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

Is PennyMac Mortgage Investment Trust a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PennyMac Mortgage Investment Trust stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares.
View analyst ratings for PennyMac Mortgage Investment Trust or view top-rated stocks.

How has PennyMac Mortgage Investment Trust's stock price been impacted by COVID-19?

PennyMac Mortgage Investment Trust's stock was trading at $18.90 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PMT shares have decreased by 3.5% and is now trading at $18.23.
View which stocks have been most impacted by COVID-19.

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, February 3rd 2022.
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) released its quarterly earnings results on Thursday, November, 4th. The real estate investment trust reported ($0.45) EPS for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.98. PennyMac Mortgage Investment Trust had a net margin of 26.51% and a trailing twelve-month return on equity of 7.49%. During the same quarter in the prior year, the firm posted $0.94 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 Thursday, September 23rd. Stockholders of record on Friday, October 15th will be given a dividend of $0.47 per share on Thursday, October 28th. This represents a $1.88 annualized dividend and a yield of 10.31%. The ex-dividend date of this dividend is Thursday, October 14th.
View PennyMac Mortgage Investment Trust's dividend history.

Is PennyMac Mortgage Investment Trust a good dividend stock?

PennyMac Mortgage Investment Trust pays an annual dividend of $1.88 per share and currently has a dividend yield of 10.23%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. PennyMac Mortgage Investment Trust has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of PennyMac Mortgage Investment Trust is 142.43%. 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 93.07% 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.

What price target have analysts set for PMT?

6 analysts have issued 1 year target prices for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $19.00 to $23.00. On average, they expect PennyMac Mortgage Investment Trust's stock price to reach $20.75 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
View analysts' price targets for PennyMac Mortgage Investment Trust or view top-rated stocks among Wall Street analysts.

Who are PennyMac Mortgage Investment Trust's key executives?

PennyMac Mortgage Investment Trust's management team includes the following people:
  • David A. Spector, Chairman & Chief Executive Officer
  • Doug Jones, President & Chief Mortgage Banking Officer
  • Andrew S. Chang, Chief Operating Officer & Senior Managing Director
  • Daniel Stanley Perotti, Chief Financial Officer & Senior Managing Director
  • Vandad Fartaj, Chief Investment Officer & Senior MD

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 (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).

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (17.93%), Goldman Sachs Group Inc. (4.82%), Geode Capital Management LLC (1.70%), LSV Asset Management (1.30%), K2 Principal Fund L.P. (1.24%) and Invesco Ltd. (1.16%). Company insiders that own PennyMac Mortgage Investment Trust stock include Doug Jones, Frank P Willey, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart and Sullivan Marianne.
View institutional ownership trends for PennyMac Mortgage Investment Trust.

Which major investors are selling PennyMac Mortgage Investment Trust stock?

PMT stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., HBK Investments L P, Capstone Investment Advisors LLC, Renaissance Technologies LLC, Van ECK Associates Corp, Credit Suisse AG, PEAK6 Investments LLC, and New York State Common Retirement Fund. 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.

Which major investors are buying PennyMac Mortgage Investment Trust stock?

PMT stock was bought by a variety of institutional investors in the last quarter, including K2 Principal Fund L.P., Par Capital Management Inc., Invesco Ltd., Morgan Stanley, Deutsche Bank AG, Citigroup Inc., Goldman Sachs Group Inc., and BNP Paribas Arbitrage SA. 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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PennyMac Mortgage Investment Trust's stock price today?

One share of PMT stock can currently be purchased for approximately $18.23.

How much money does PennyMac Mortgage Investment Trust make?

PennyMac Mortgage Investment Trust has a market capitalization of $1.77 billion and generates $469.35 million in revenue each year. The real estate investment trust earns $52.37 million in net income (profit) each year or $1.32 on an earnings per share basis.

How many employees does PennyMac Mortgage Investment Trust have?

PennyMac Mortgage Investment Trust employs 1 workers across the globe.

What is PennyMac Mortgage Investment Trust's official website?

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

Where are PennyMac Mortgage Investment Trust's headquarters?

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

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) 224-7028, via email at [email protected], or via fax at 818-936-0145.


This page was last updated on 11/29/2021 by MarketBeat.com Staff

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