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

6 Wall Street equities 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 equities research 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.

6 analysts have issued 12 month target prices for PennyMac Mortgage Investment Trust's shares. Their PMT share price forecasts range from $14.00 to $18.00. On average, they predict the company's stock price to reach $15.57 in the next twelve months. This suggests a possible upside of 33.3% 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 $12.39 at the start of the year. Since then, PMT stock has decreased by 5.7% and is now trading at $11.68.
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PennyMac Mortgage Investment Trust saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 2,610,000 shares, a drop of 17.4% from the February 13th total of 3,160,000 shares. Based on an average trading volume of 841,500 shares, the short-interest ratio is presently 3.1 days. Currently, 3.0% of the company's shares are sold short.
View PennyMac Mortgage Investment Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our PMT earnings forecast.

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 (EPS) 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 period last year, the company earned $0.78 EPS.

PennyMac Mortgage Investment Trust announced a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, April 14th will be paid a dividend of $0.40 per share on Friday, April 28th. This represents a $1.60 annualized dividend and a yield of 13.70%. The ex-dividend date of this dividend is Thursday, April 13th.
Read our dividend analysis for PMT.

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), Hoya Capital High Dividend Yield ETF (RIET), GraniteShares HIPS US High Income ETF (HIPS), Global X SuperDividend ETF (SDIV) and Invesco S&P SmallCap Financials ETF (PSCF).

PennyMac Mortgage Investment Trust (NYSE:PMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 13.83%. 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 many different 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.

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.
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One share of PMT stock can currently be purchased for approximately $11.68.

PennyMac Mortgage Investment Trust (NYSE:PMT) has a market capitalization of $1.04 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.

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.