Positive News Sentiment NYSE:PMT PennyMac Mortgage Investment Trust - PMT Stock Forecast, Price & News Adding Choose a watchlist: 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. $11.57 +0.45 (+4.05%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$10.99▼$11.6150-Day Range$11.12▼$15.4852-Week Range$10.78▼$17.24Volume675,141 shsAverage Volume795,545 shsMarket Capitalization$1.03 billionP/E RatioN/ADividend Yield13.83%Price Target$15.57 ProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media PennyMac Mortgage Investment Trust MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside34.6% Upside$15.57 Price TargetShort InterestHealthy2.97% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.72Based on 5 Articles This WeekInsider TradingSelling Shares$279,988 Sold Last QuarterProj. Earnings Growth7.74%From $1.55 to $1.67 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.00 out of 5 starsFinance Sector155th out of 868 stocksReal Estate Investment Trusts Industry34th out of 190 stocks 3.2 Analyst's Opinion Consensus RatingPennyMac Mortgage Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.57, PennyMac Mortgage Investment Trust has a forecasted upside of 34.6% from its current price of $11.57.Amount of Analyst CoveragePennyMac Mortgage Investment Trust has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.97% of the float of PennyMac Mortgage Investment Trust has been sold short.Short Interest Ratio / Days to CoverPennyMac Mortgage Investment Trust has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PennyMac Mortgage Investment Trust has recently decreased by 17.41%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipPennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 14.11%, 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 SustainabilityBased on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 95.81% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PMT. Previous Next 3.7 News and Social Media Coverage News SentimentPennyMac Mortgage Investment Trust has a news sentiment score of 1.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for PennyMac Mortgage Investment Trust this week, compared to 2 articles on an average week.Search Interest22 people have searched for PMT on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennyMac Mortgage Investment Trust insiders have sold 75.84% more of their company's stock than they have bought. Specifically, they have bought $159,232.00 in company stock and sold $279,988.00 in company stock.Percentage Held by InsidersOnly 0.78% of the stock of PennyMac Mortgage Investment Trust is held by insiders.Percentage Held by Institutions71.21% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for PennyMac Mortgage Investment Trust are expected to grow by 7.74% in the coming year, from $1.55 to $1.67 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennyMac Mortgage Investment Trust is -9.18, 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 -9.18, 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 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About PennyMac Mortgage Investment Trust (NYSE:PMT) StockPennyMac 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 onRead More Receive PMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennyMac Mortgage Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address PMT Stock News HeadlinesMarch 24, 2023 | americanbankingnews.comPennyMac Mortgage Investment Trust (NYSE:PMT) Raised to Hold at StockNews.comMarch 22, 2023 | finance.yahoo.comMortgage Servicing Could Be a Risk for PennyMac Mortgage Trust. Here's WhyMarch 24, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!March 16, 2023 | seekingalpha.comPMT.PB PennyMac Mortgage Investment Trust CUM RED PFD BMarch 15, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares First Quarter 2023 Dividend for Its Common SharesMarch 15, 2023 | seekingalpha.comPennyMac Mortgage Investment Trust declares $0.40 dividendMarch 14, 2023 | americanbankingnews.comStockNews.com Downgrades PennyMac Mortgage Investment Trust (NYSE:PMT) to SellMarch 10, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Announces Doug Jones Joined Its Board of TrusteesMarch 24, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!February 22, 2023 | seekingalpha.comPMT.PBFebruary 11, 2023 | finance.yahoo.comTrade Alert: The Independent Trustee Of PennyMac Mortgage Investment Trust (NYSE:PMT), Marianne Sullivan, Has Just Spent US$286k Buying 30% More SharesFebruary 11, 2023 | finance.yahoo.comDon't Be Fooled: This Ultra-High Dividend Might Be in TroubleFebruary 9, 2023 | msn.comPennyMac Mortgage Investment trust 6.75% Red PFD C declares $0.4218 dividendFebruary 9, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares First Quarter 2023 Dividends for Its Preferred SharesFebruary 3, 2023 | seekingalpha.comBTCS among financials gainers, PennyMac Mortgage Investment Trust in losers packJanuary 27, 2023 | wsj.comPennyMac Mortgage Investment Trust 8% Cum. Redeem. Pfd Series BJanuary 26, 2023 | finance.yahoo.comPennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2022 ResultsJanuary 17, 2023 | nasdaq.comPMT Crosses Above Key Moving Average LevelJanuary 15, 2023 | wsj.comPennyMac Mortgage Investment Trust SBI 6.75% Cum. Redeem. Pfd. Series CJanuary 6, 2023 | finance.yahoo.comWhy is PennyMac Mortgage Trust's Dividend Yield So High?January 5, 2023 | finance.yahoo.comThe Independent Trustee of PennyMac Mortgage Investment Trust (NYSE:PMT), Catherine Lynch, Just Bought 89% More SharesDecember 30, 2022 | finance.yahoo.comImplied Volatility Surging for PennyMac Mortgage (PMT) Stock OptionsDecember 24, 2022 | finance.yahoo.comPennyMac Mortgage Investment Trust (NYSE:PMT) is a favorite amongst institutional investors who own 73%December 2, 2022 | msn.comPennyMac Mortgage's Return On Capital Employed InsightsNovember 17, 2022 | finance.yahoo.comPennyMac Mortgage Investment Trust Declares Fourth Quarter 2022 Dividends for Its Preferred SharesNovember 8, 2022 | finance.yahoo.comPennyMac Mortgage Investment Trust Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS LagsOctober 30, 2022 | seekingalpha.comPennyMac Mortgage Investment Trust (PMT) Q3 2022 Earnings Call TranscriptSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennyMac Mortgage Investment Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address PMT Company Calendar Last Earnings2/03/2022Ex-Dividend for 1/27 Dividend12/29/2022Dividend Payable1/27/2023Today3/24/2023Ex-Dividend for 4/28 Dividend4/13/2023Dividend Payable4/28/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryMortgage REITs SectorFinance Current SymbolNYSE:PMT CUSIP70931T10 CIK1464423 Webwww.pennymacmortgageinvestmenttrust.com Phone(818) 224-7028Fax818-936-0145Employees1Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.57 High Stock Price Forecast$18.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+38.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($1.26) Trailing P/E RatioN/A Forward P/E Ratio7.26 P/E GrowthN/ANet Income$-73,290,000.00 Net Margins-27.57% Pretax Margin8.83% Return on Equity-5.49% Return on Assets-0.63% Debt Debt-to-Equity Ratio1.38 Current Ratio0.39 Quick Ratio0.39 Sales & Book Value Annual Sales$303.77 million Price / Sales3.29 Cash FlowN/A Price / Cash FlowN/A Book Value$15.98 per share Price / Book0.70Miscellaneous Outstanding Shares88,890,000Free Float88,199,000Market Cap$1.00 billion OptionableOptionable Beta1.43 Key ExecutivesDavid A. SpectorChairman-Trustees Board & CEODoug JonesPresident & Chief Mortgage Banking OfficerDaniel Stanley PerottiChief Financial Officer & Senior Managing DirectorWilliam ChangChief Investment Officer & Senior MDJeffrey P. GroginChief Enterprise Operations Officer & Senior MDKey CompetitorsReady CapitalNYSE:RCARMOUR Residential REITNYSE:ARRMFA FinancialNYSE:MFANew York Mortgage TrustNASDAQ:NYMTChimera InvestmentNYSE:CIMView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 4,315 shares on 3/23/2023Ownership: 0.052%B. Riley Wealth Advisors Inc.Bought 30,944 shares on 3/15/2023Ownership: 0.135%Scott W CarnahanSold 1,420 sharesTotal: $18,673.00 ($13.15/share)Catherine A LynchBought 1,575 shares on 3/3/2023Total: $20,632.50 ($13.10/share)Parallax Volatility Advisers L.P.Bought 55,200 shares on 2/27/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions PMT Stock - Frequently Asked Questions Should I buy or sell PennyMac Mortgage Investment Trust stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PMT shares. 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 PMT analyst ratings or view top-rated stocks. What is PennyMac Mortgage Investment Trust's stock price forecast for 2023? 6 Wall Street analysts have issued 1 year price objectives for PennyMac Mortgage Investment Trust's stock. Their PMT share price forecasts range from $14.00 to $18.00. On average, they anticipate the company's stock price to reach $15.57 in the next year. This suggests a possible upside of 38.4% from the stock's current price. View analysts price targets for PMT or view top-rated stocks among Wall Street analysts. How have PMT shares performed in 2023? PennyMac Mortgage Investment Trust's stock was trading at $12.39 at the start of the year. Since then, PMT stock has decreased by 9.2% and is now trading at $11.25. View the best growth stocks for 2023 here. Are investors shorting PennyMac Mortgage Investment Trust? PennyMac Mortgage Investment Trust saw a decrease in short interest in February. As of February 28th, there was short interest totaling 2,610,000 shares, a decrease of 17.4% from the February 13th total of 3,160,000 shares. Based on an average daily volume of 841,500 shares, the short-interest ratio is currently 3.1 days. Approximately 3.0% of the company's shares are sold short. View PennyMac Mortgage Investment Trust's Short Interest. When is PennyMac Mortgage Investment Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our PMT earnings forecast. How were PennyMac Mortgage Investment Trust's earnings last quarter? PennyMac Mortgage Investment Trust (NYSE:PMT) announced its quarterly earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a negative trailing twelve-month return on equity of 5.49% and a negative net margin of 27.57%. During the same quarter in the prior year, the firm posted $0.78 earnings per share. 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 15th. Investors of record on Friday, April 14th will be given a dividend of $0.40 per share on Friday, April 28th. This represents a $1.60 annualized dividend and a dividend yield of 14.22%. The ex-dividend date of this dividend is Thursday, April 13th. Read our dividend analysis for PMT. What ETFs hold PennyMac Mortgage Investment Trust's stock? ETFs with the largest weight of PennyMac Mortgage Investment Trust (NYSE:PMT) stock in their portfolio include Invesco KBW High Dividend Yield Financial ETF (KBWD), VanEck Mortgage REIT Income ETF (MORT), Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), iShares Mortgage Real Estate ETF (REM), Global X SuperDividend ETF (SDIV), Hoya Capital High Dividend Yield ETF (RIET), GraniteShares HIPS US High Income ETF (HIPS) and Invesco S&P SmallCap Financials ETF (PSCF). Is PennyMac Mortgage Investment Trust a good dividend stock? PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 13.71%. 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. 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 a variety of institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (5.27%), Geode Capital Management LLC (1.85%), Mirae Asset Global Investments Co. Ltd. (1.65%), Morgan Stanley (1.33%), Charles Schwab Investment Management Inc. (1.25%) and Deer Park Road Corp (0.00%). Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Frank P Willey, Marianne Sullivan, Scott W Carnahan, Scott W Carnahan and Stacey D Stewart. View institutional ownership trends. How do I buy shares of PennyMac Mortgage Investment Trust? 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. What is PennyMac Mortgage Investment Trust's stock price today? One share of PMT stock can currently be purchased for approximately $11.25. How much money does PennyMac Mortgage Investment Trust make? PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.00 billion and generates $303.77 million in revenue each year. The real estate investment trust earns $-73,290,000.00 in net income (profit) each year or ($1.26) on an earnings per share basis. How can I contact PennyMac Mortgage Investment Trust? 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. This page (NYSE:PMT) was last updated on 3/24/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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