Should I buy or sell PennyMac Mortgage Investment Trust stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 3 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 target for 2024?

5 brokerages have issued 12-month price targets for PennyMac Mortgage Investment Trust's shares. Their PMT share price targets range from $13.50 to $16.00. On average, they anticipate the company's stock price to reach $14.58 in the next twelve months. This suggests a possible upside of 7.5% 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 2024?

PennyMac Mortgage Investment Trust's stock was trading at $14.95 at the beginning of the year. Since then, PMT shares have decreased by 9.3% and is now trading at $13.5650. View the best growth stocks for 2024 here .

When is PennyMac Mortgage Investment Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our PMT earnings forecast .

How can I listen to PennyMac Mortgage Investment Trust's earnings call?

PennyMac Mortgage Investment Trust will be holding an earnings conference call on Wednesday, April 24th at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were PennyMac Mortgage Investment Trust's earnings last quarter?

PennyMac Mortgage Investment Trust (NYSE:PMT) posted its earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 46.54% and a trailing twelve-month return on equity of 14.15%. During the same period last year, the company earned $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 declared a quarterly dividend on Thursday, March 21st. Shareholders of record on Friday, April 12th will be paid a dividend of $0.40 per share on Friday, April 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.80%. The ex-dividend date is Thursday, April 11th. 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 12.09%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PMT will have a dividend payout ratio of 108.11% in the coming year. This indicates that the company may not be able to sustain their current dividend. 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 Kingsbarn Dividend Opportunity ETF (DVDN) , iShares Mortgage Real Estate ETF (REM) , VanEck Mortgage REIT Income ETF (MORT) , First Trust Multi-Asset Diversified Income Index Fund (MDIV) , Hoya Capital High Dividend Yield ETF (RIET) . ETC 6 Meridian Small Cap Equity ETF (SIXS) and

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) .

Who are PennyMac Mortgage Investment Trust's major shareholders?

PennyMac Mortgage Investment Trust's stock is owned by many different institutional and retail investors. Top institutional investors include RDA Financial Network (0.03%) and Roble Belko & Company Inc (0.00%). Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Marianne Sullivan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:PMT

PennyMac Mortgage Investment Trust (PMT) Stock Price, News & Analysis

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Free PMT Stock Alerts

$13.56

+0.29 (+2.18%)

(As of 04/19/2024 ET)

Compare

Today's Range: $13.31
▼
$13.57
50-Day Range: $13.24
▼
$14.74
52-Week Range: $10.52
▼
$15.89

Volume: 770,021 shs
Average Volume: 622,082 shs
Market Capitalization: $1.18 billion

P/E Ratio: 8.43
Dividend Yield: 11.80%
Price Target: $14.58

Get PennyMac Mortgage Investment Trust alerts:

PennyMac Mortgage Investment Trust MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 7.5% Upside
$14.58 Price Target
Short Interest: Healthy
2.26% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.33
Based on 7 Articles This Week
Insider Trading: Selling Shares
$123,532 Sold Last Quarter
Proj. Earnings Growth: 9.63%
From $1.35 to $1.48 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 out of 5 stars

Finance Sector

492nd out of 845 stocks

Real Estate Investment Trusts Industry

102nd out of 179 stocks

1.2

Analyst's Opinion

Consensus Rating
PennyMac Mortgage Investment Trust has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
PennyMac Mortgage Investment Trust has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.26% of the float of PennyMac Mortgage Investment Trust has been sold short.
Short Interest Ratio / Days to Cover
PennyMac Mortgage Investment Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PennyMac Mortgage Investment Trust has recently increased by 1.58%, indicating that investor sentiment is decreasing.

1.7

Dividend Strength

Dividend Leadership
PennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 12.09%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PennyMac Mortgage Investment Trust does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of PennyMac Mortgage Investment Trust is 99.38%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 108.11% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PMT.

3.5

News and Social Media Coverage

News Sentiment
PennyMac Mortgage Investment Trust has a news sentiment score of 1.33. 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 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for PennyMac Mortgage Investment Trust this week, compared to 2 articles on an average week.
Search Interest
23 people have searched for PMT on MarketBeat in the last 30 days. This is an increase of 188% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PennyMac Mortgage Investment Trust insiders have sold 1,722.27% more of their company's stock than they have bought. Specifically, they have bought $6,779.00 in company stock and sold $123,532.00 in company stock.
Percentage Held by Insiders
Only 0.90% of the stock of PennyMac Mortgage Investment Trust is held by insiders.
Percentage Held by Institutions
67.38% 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for PennyMac Mortgage Investment Trust are expected to grow by 9.63% in the coming year, from $1.35 to $1.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PennyMac Mortgage Investment Trust is 8.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of PennyMac Mortgage Investment Trust is 8.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.50.
Price to Book Value per Share Ratio
PennyMac Mortgage Investment Trust has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About PennyMac Mortgage Investment Trust Stock (NYSE:PMT)

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. 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, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. 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 shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.

PMT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PMT Stock News Headlines

April 18, 2024 | finance.yahoo.com

PennyMac Mortgage Investment Trust (PMT)

April 17, 2024 | msn.com

PennyMac Mortgage Investment Trust - Preferred Security (PMTU) Price Target Increased by 10.53% to 28.44

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 17, 2024 | businesswire.com

PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2024 Results

April 12, 2024 | americanbankingnews.com

PennyMac Mortgage Investment Trust (NYSE:PMT) Sees Large Volume Increase

April 10, 2024 | 247wallst.com

Want $21,000 In Passive Income? Invest $40,000 In These Dividend Stocks

March 21, 2024 | finance.yahoo.com

PennyMac Mortgage Investment Trust Declares First Quarter 2024 Dividend for Its Common Shares

February 17, 2024 | finance.yahoo.com

PMT Mar 2024 15.000 call

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 8, 2024 | msn.com

PennyMac Mortgage Investment Trust CUM RED PFD B declares $0.50 dividend

February 8, 2024 | finance.yahoo.com

PennyMac Mortgage Investment Trust Declares First Quarter 2024 Dividends for Its Preferred Shares

February 8, 2024 | msn.com

PennyMac Mortgage Investment trust 6.75% Red PFD C declares $0.4219 dividend

February 3, 2024 | markets.businessinsider.com

PennyMac Mortgage Hold Rating Reiterated Amidst Mixed Financial Performance and Outlook

February 3, 2024 | finance.yahoo.com

PennyMac Mortgage Investment Trust Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

February 2, 2024 | finance.yahoo.com

Q4 2023 PennyMac Mortgage Investment Trust Earnings Call

February 2, 2024 | finance.yahoo.com

PennyMac Mortgage Investment Trust (NYSE:PMT) Q4 2023 Earnings Call Transcript

February 1, 2024 | msn.com

Best FHA Lenders of 2024

February 1, 2024 | msn.com

PennyMac Mortgage Investment Trust GAAP EPS of $0.44 beats by $0.10

February 1, 2024 | tmcnet.com

Marcus & Millichap Releases 2024 National Multifamily Investment Forecast

February 1, 2024 | finance.yahoo.com

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2023 Results

February 1, 2024 | seekingalpha.com

PennyMac Mortgage Investment Trust 2023 Q4 - Results - Earnings Call Presentation

January 31, 2024 | wsj.com

PennyMac Mortgage Investment Trust 8.125% Pfd. Series A

January 29, 2024 | finance.yahoo.com

PennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2023 Results

January 17, 2024 | seekingalpha.com

Comparing PennyMac Pfd C And Its New Note

December 31, 2023 | markets.businessinsider.com

BTIG Keeps Their Hold Rating on PennyMac Mortgage (PMT)

December 27, 2023 | finance.yahoo.com

With 69% ownership of the shares, PennyMac Mortgage Investment Trust (NYSE:PMT) is heavily dominated by institutional owners

December 24, 2023 | seekingalpha.com

PennyMac Exposure Now Available To Note Investors

See More Headlines

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Company Calendar

Last Earnings: 2/03/2022
Ex-Dividend for 1/26 Dividend: 12/28/2023
Dividend Payable: 1/26/2024
Ex-Dividend for 4/26 Dividend: 4/11/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/24/2024
Dividend Payable: 4/26/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: Mortgage REITs
Current Symbol: NYSE:PMT
CUSIP: 70931T10
CIK: 1464423
Web: www.pennymacmortgageinvestmenttrust.com
Phone: (818) 224-7028
Fax: 818-936-0145
Employees: 7
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $14.58
High Stock Price Target: $16.00
Low Stock Price Target: $13.50
Potential Upside/Downside: +7.7%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.61
Trailing P/E Ratio: 8.41
Forward P/E Ratio: 10.03
P/E Growth: N/A
Net Income: $199.65 million
Net Margins: 46.54%
Pretax Margin: 20.98%
Return on Equity: 14.15%
Return on Assets: 1.45%

Debt

Debt-to-Equity Ratio: 1.37
Current Ratio: 0.28
Quick Ratio: 0.28

Sales & Book Value

Annual Sales: $429.02 million
Price / Sales: 2.73
Cash Flow: $2.54 per share
Price / Cash Flow: 5.34
Book Value: $16.34 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 86,650,000
Free Float: 85,866,000
Market Cap: $1.17 billion
Optionable: Optionable
Beta: 1.48

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Key Executives

Mr. David A. Spector (Age 61)
Chairman of the Board & CEO
Mr. Douglas Edward Jones (Age 67)
President, Chief Mortgage Banking Officer & Director
Mr. Daniel Stanley Perotti (Age 43)
Senior MD & CFO
Mr. Derek W. Stark J.D. (Age 56)
Senior MD, Chief Legal Officer & Secretary
Mr. William Chang
Senior MD & Chief Investment Officer
Mr. Gregory L. Hendry (Age 63)
Chief Accounting Officer
Mr. Kevin Chamberlain
Executive Vice President of Investor Relations
Mr. James Follette (Age 51)
Senior MD & Chief Digital Officer
Mr. Scott Bridges
Senior Managing Director of Consumer Direct Lending Division
Ms. Pamela K. Marsh CPA
MD & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PMT Stock Analysis - Frequently Asked Questions

Should I buy or sell PennyMac Mortgage Investment Trust stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 3 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 target for 2024?: 5 brokerages have issued 12-month price targets for PennyMac Mortgage Investment Trust's shares. Their PMT share price targets range from $13.50 to $16.00. On average, they anticipate the company's stock price to reach $14.58 in the next twelve months. This suggests a possible upside of 7.5% 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 2024?: PennyMac Mortgage Investment Trust's stock was trading at $14.95 at the beginning of the year. Since then, PMT shares have decreased by 9.3% and is now trading at $13.5650.
View the best growth stocks for 2024 here.
When is PennyMac Mortgage Investment Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our PMT earnings forecast.
How can I listen to PennyMac Mortgage Investment Trust's earnings call?: PennyMac Mortgage Investment Trust will be holding an earnings conference call on Wednesday, April 24th at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were PennyMac Mortgage Investment Trust's earnings last quarter?: PennyMac Mortgage Investment Trust (NYSE:PMT) posted its earnings results on Thursday, February, 3rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.77. PennyMac Mortgage Investment Trust had a net margin of 46.54% and a trailing twelve-month return on equity of 14.15%. During the same period last year, the company earned $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 declared a quarterly dividend on Thursday, March 21st. Shareholders of record on Friday, April 12th will be paid a dividend of $0.40 per share on Friday, April 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.80%. The ex-dividend date is Thursday, April 11th.
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 12.09%. PMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PMT will have a dividend payout ratio of 108.11% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 Kingsbarn Dividend Opportunity ETF (DVDN), iShares Mortgage Real Estate ETF (REM), VanEck Mortgage REIT Income ETF (MORT), First Trust Multi-Asset Diversified Income Index Fund (MDIV), Hoya Capital High Dividend Yield ETF (RIET).ETC 6 Meridian Small Cap Equity ETF (SIXS) and
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).
Who are PennyMac Mortgage Investment Trust's major shareholders?: PennyMac Mortgage Investment Trust's stock is owned by many different institutional and retail investors. Top institutional investors include RDA Financial Network (0.03%) and Roble Belko & Company Inc (0.00%). Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Marianne Sullivan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PMT) was last updated on 4/19/2024 by MarketBeat.com Staff

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