NYSE:PMTPennyMac Mortgage Investment Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding PennyMac Mortgage Investment Trust Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $11.63 +0.19 (+1.66 %) (As of 06/2/2020 04:00 PM ET) Add Compare Share Today's Range$11.57Now: $11.63▼$11.8950-Day Range$8.31MA: $10.26▼$11.8852-Week Range$3.50Now: $11.63▼$23.79Volume1.07 million shsAverage Volume1.88 million shsMarket Capitalization$1.16 billionP/E RatioN/ADividend Yield8.74%Beta1.15 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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). Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, firm commitment to purchase CRT securities, distressed mortgage loans, real estate acquired in settlement of mortgage loans, non-Agency subordinated bonds, and small balance commercial real estate mortgage loans. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS; and interest rate hedging activities related to indebtedness. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2009 and is based in Westlake Village, California.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingPennyMac Mortgage Investment Trust has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.00, PennyMac Mortgage Investment Trust has a potential upside of 63.4% from its current price of $11.63.Amount of Analyst CoveragePennyMac Mortgage Investment Trust has only been the subject of 4 research reports in the past 90 days. Previous Next 2.7 Community Rank Outperform VotesPennyMac Mortgage Investment Trust has received 391 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPennyMac Mortgage Investment Trust has received 331 “underperform” votes. (Add your “underperform” vote.)Community SentimentPennyMac Mortgage Investment Trust has received 54.16% “outperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipPennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 8.74%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennyMac Mortgage Investment Trust does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of PennyMac Mortgage Investment Trust is 41.32 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 60.98 % next year. This indicates that PennyMac Mortgage Investment Trust will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennyMac Mortgage Investment Trust insiders have bought 10,263.56% more of their company's stock than they have sold. Specifically, they have bought $1,109,315.00 in company stock and sold $10,704.00 in company stock.Percentage Held by InsidersOnly 1.63% of the stock of PennyMac Mortgage Investment Trust is held by insiders.Percentage Held by Institutions72.89% of the stock of PennyMac Mortgage Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for PennyMac Mortgage Investment Trust are expected to grow in the coming year, from ($2.95) to $1.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennyMac Mortgage Investment Trust is -2.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of PennyMac Mortgage Investment Trust is -2.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPennyMac Mortgage Investment Trust has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.91 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryMortgage REITs SectorFinance Current SymbolNYSE:PMT Previous Symbol CUSIP70931T10 CIK1464423 Webwww.pennymacmortgageinvestmenttrust.com Phone818-224-7442Debt Debt-to-Equity Ratio0.44 Current Ratio0.51 Quick Ratio0.51Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$488.82 million Price / Sales2.38 Cash Flow$6.43 per share Price / Cash Flow1.81 Book Value$21.47 per share Price / Book0.54Profitability EPS (Most Recent Fiscal Year)$2.42 Net Income$226.36 million Net Margins46.31% Return on Equity-23.31% Return on Assets-3.84%Miscellaneous Employees3 Outstanding Shares99,841,000Market Cap$1.16 billion Next Earnings Date8/6/2020 (Estimated) OptionableOptionable PMT Rates by TradingView Receive PMT News and Ratings via Email Sign-up to receive the latest news and ratings for PMT and its competitors with MarketBeat's FREE daily newsletter. PennyMac Mortgage Investment Trust (NYSE:PMT) Frequently Asked Questions How has PennyMac Mortgage Investment Trust's stock been impacted by COVID-19 (Coronavirus)? 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 38.5% and is now trading at $11.63. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of 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 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for PennyMac Mortgage Investment Trust. 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, August 6th 2020. 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 data on Thursday, May, 7th. The real estate investment trust reported ($5.99) EPS for the quarter, missing the consensus estimate of ($2.81) by $3.18. The real estate investment trust had revenue of ($506.52) million for the quarter, compared to analyst estimates of $133.30 million. PennyMac Mortgage Investment Trust had a net margin of 46.31% and a negative return on equity of 23.31%. 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 declared a quarterly dividend on Wednesday, March 25th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.25 per share on Thursday, April 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date of this dividend is Tuesday, April 14th. View PennyMac Mortgage Investment Trust's dividend history. What price target have analysts set for PMT? 7 Wall Street analysts have issued 1 year price targets for PennyMac Mortgage Investment Trust's shares. Their forecasts range from $12.50 to $24.00. On average, they anticipate PennyMac Mortgage Investment Trust's share price to reach $19.00 in the next year. This suggests a possible upside of 63.4% from the stock's current price. View analysts' price targets for PennyMac Mortgage Investment Trust. Has PennyMac Mortgage Investment Trust been receiving favorable news coverage? Press coverage about PMT stock has trended very negative recently, InfoTrie reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PennyMac Mortgage Investment Trust earned a media sentiment score of -3.5 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 term. View the latest news aboutPennyMac Mortgage Investment Trust. Who are some of PennyMac Mortgage Investment Trust's key competitors? Some companies that are related to PennyMac Mortgage Investment Trust include ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), CHIMERA INVT CO/SH NEW (CIM), Apollo Commercial Real Est. Finance (ARI), Two Harbors Investment (TWO), Colony Capital (CLNY), NY MTG TR INC/SH (NYMT), MFA FINL INC/SH (MFA), Redwood Trust (RWT), ARMOUR Residential REIT (ARR), CAPSTEAD MTG CO/SH (CMO), Invesco Mortgage Capital (IVR), Ready Capital (RC) and Dynex Capital (DX). View all 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), Energy Transfer LP Unit (ET), AT&T (T), NY MTG TR INC/SH (NYMT), ANNALY CAP MGMT/SH (NLY), Enterprise Products Partners (EPD), AGNC Investment (AGNC), Prospect Capital (PSEC), Ares Capital (ARCC) and Two Harbors Investment (TWO). Who are PennyMac Mortgage Investment Trust's key executives? PennyMac Mortgage Investment Trust's management team includes the following 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) 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.43%), State Street Corp (3.52%), Senvest Management LLC (2.07%), Invesco Ltd. (1.61%), Geode Capital Management LLC (1.41%) and Grantham Mayo Van Otterloo & Co. LLC (1.40%). Company insiders that own PennyMac Mortgage Investment Trust stock include Andrew S Chang, David Spector, Doug Jones, Frank P Willey, Gregory L Hendry, Jeffrey Grogin, Marianne Sullivan, Paul Dufauchard Jr Preston, Scott W Carnahan, Stacey D Stewart, Sullivan Marianne 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 Morgan Stanley, Morgan Stanley, Two Sigma Investments LP, WINTON GROUP Ltd, Voloridge Investment Management LLC, Invesco Ltd., Parametric Portfolio Associates LLC, and First Trust Advisors LP. Company insiders that have sold PennyMac Mortgage Investment Trust company stock in the last year include Doug Jones, Jeffrey Grogin, Paul Dufauchard Jr Preston, and Stacey D Stewart. View insider buying and selling activity for PennyMac Mortgage Investment Trust. Which institutional investors are buying PennyMac Mortgage Investment Trust stock? PMT stock was acquired by a variety of institutional investors in the last quarter, including Senvest Management LLC, Wolverine Asset Management LLC, State Street Corp, OCO Capital Partners L.P., Athanor Capital LP, JPMorgan Chase & Co., BlackRock Inc., and Geode Capital Management LLC. Company insiders that have bought PennyMac Mortgage Investment Trust stock in the last two years include Frank P Willey, Marianne Sullivan, Scott W Carnahan, and Sullivan Marianne. View insider buying and selling activity 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, Robinhood, 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 $11.63. How big of a company is PennyMac Mortgage Investment Trust? PennyMac Mortgage Investment Trust has a market capitalization of $1.16 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 3 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. 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] This page was last updated on 6/2/2020 by MarketBeat.com Staff
