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

$11.57
+0.45 (+4.05%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$10.99
$11.61
50-Day Range
$11.12
$15.48
52-Week Range
$10.78
$17.24
Volume
675,141 shs
Average Volume
795,545 shs
Market Capitalization
$1.03 billion
P/E Ratio
N/A
Dividend Yield
13.83%
Price Target
$15.57

PennyMac Mortgage Investment Trust MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
34.6% Upside
$15.57 Price Target
Short Interest
Healthy
2.97% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.72mentions of PennyMac Mortgage Investment Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$279,988 Sold Last Quarter
Proj. Earnings Growth
7.74%
From $1.55 to $1.67 Per Share

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 stars

Finance Sector

155th out of 868 stocks

Real Estate Investment Trusts Industry

34th out of 190 stocks


PMT stock logo

About PennyMac Mortgage Investment Trust (NYSE:PMT) Stock

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

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PMT Stock News Headlines

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!
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!
PMT.PB
PMT Crosses Above Key Moving Average Level
See More Headlines
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PMT Company Calendar

Last Earnings
2/03/2022
Ex-Dividend for 1/27 Dividend
12/29/2022
Dividend Payable
1/27/2023
Today
3/24/2023
Ex-Dividend for 4/28 Dividend
4/13/2023
Dividend Payable
4/28/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
CUSIP
70931T10
Employees
1
Year Founded
N/A

Price 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 Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-73,290,000.00
Pretax Margin
8.83%

Debt

Sales & Book Value

Annual Sales
$303.77 million
Book Value
$15.98 per share

Miscellaneous

Free Float
88,199,000
Market Cap
$1.00 billion
Optionable
Optionable
Beta
1.43

Key Executives

  • David A. Spector
    Chairman-Trustees Board & CEO
  • Doug Jones
    President & Chief Mortgage Banking Officer
  • Daniel Stanley Perotti
    Chief Financial Officer & Senior Managing Director
  • William Chang
    Chief Investment Officer & Senior MD
  • Jeffrey P. Grogin
    Chief Enterprise Operations Officer & Senior MD













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
.

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?
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