PennyMac Mortgage Investment Trust (PMT)

NYSE: PMT · Real-Time Price · USD
12.64
+0.13 (1.04%)
At close: Jun 24, 2025, 4:00 PM
12.64
0.00 (0.00%)
Pre-market: Jun 25, 2025, 4:02 AM EDT
1.04%
Market Cap 1.10B
Revenue (ttm) 591.25M
Net Income (ttm) 80.74M
Shares Out 87.01M
EPS (ttm) 0.86
PE Ratio 14.71
Forward PE 8.27
Dividend $1.60 (12.66%)
Ex-Dividend Date Apr 11, 2025
Volume 567,555
Open 12.58
Previous Close 12.51
Day's Range 12.54 - 12.73
52-Week Range 11.77 - 14.98
Beta 1.23
Analysts Buy
Price Target 14.75 (+16.69%)
Earnings Date Jul 22, 2025

About PMT

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, base servicing and excess servicing spreads,... [Read more]

Industry REIT - Mortgage
Sector Real Estate
IPO Date Jul 30, 2009
Employees 7
Stock Exchange NYSE
Ticker Symbol PMT
Full Company Profile

Financial Performance

In 2024, PMT's revenue was $504.60 million, a decrease of -30.48% compared to the previous year's $725.87 million. Earnings were $118.75 million, a decrease of -24.55%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for PMT stock is "Buy." The 12-month stock price forecast is $14.75, which is an increase of 16.69% from the latest price.

Price Target
$14.75
(16.69% upside)
Analyst Consensus: Buy
Stock Forecasts

News

PMTW: A 9% Senior Note IPO From PennyMac Mortgage Investment Trust

PMTW is PennyMac Mortgage Investment Trust's new 9% Senior Notes due 2030, offering high-yield distributions at the cost of substantial credit risk. PennyMac Mortgage is highly leveraged, with signifi...

10 days ago - Seeking Alpha

A Brief Lesson On Huge Yielders

Charts? Dog photos? Me? An Opportunity to learn? So many reasons to like this article. Beware of extremely high return on equity figures. It looks great today, but you need to evaluate the source of t...

11 days ago - Seeking Alpha

Big Dividend Yielders At A Glance

We all learn over time. Some of us more than others. The agency mortgage REIT price-to-book ratios are getting really high, except for the weaker ones. That doesn't make the weak ones a great bargain....

15 days ago - Seeking Alpha

A Slow Slowdown

US equity markets rallied to their highest levels since February after a critical slate of employment data showed lukewarm labor market conditions in May, with only minimal tariff-related impacts. Ben...

16 days ago - Seeking Alpha

PennyMac Mortgage Investment Trust Announces Pricing of Public Offering of Senior Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (the “Company” or “PMT”) today announced that it has priced an underwritten public offering of $100,000,000 ag...

21 days ago - Business Wire

PennyMac Mortgage Investment Trust Announces Public Offering of Senior Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (the “Company” or “PMT”) today announced that it is commencing an underwritten public offering of senior notes...

21 days ago - Business Wire

PennyMac Mortgage Investment Trust to Present at the Nareit REITweek 2025 Investor Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present at the Nareit REITweek 2025 Investor Conference. Senior Managing Director...

27 days ago - Business Wire

PennyMac: A Mortgage REIT With Nice Margins, But In A Challenging Sector

PennyMac Mortgage Investment Trust gets a 'Hold' rating for my initial coverage. Loan origination and servicing growth provide upside, yet high reliance on leverage and a below-investment-grade rating...

27 days ago - Seeking Alpha

PennyMac Mortgage Investment Trust Declares Second Quarter 2025 Dividends for Its Preferred Shares

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the second quarter of 2025 on its 8...

5 weeks ago - Business Wire

PennyMac Mortgage Investment Trust (PMT) Q1 2025 Earnings Call Transcript

PennyMac Mortgage Investment Trust (NYSE:PMT) Q1 2025 Earnings Conference Call April 22, 2025 6:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Fi...

2 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust Reports First Quarter 2025 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net loss attributable to common shareholders of $0.8 million, or $(0.01) per common share on a ...

2 months ago - Business Wire

Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)

Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares o...

2 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2025 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended March 31, 2025, in a news release to be issued after the market cl...

2 months ago - Business Wire

Floating Preferreds Have Monstrous Yields Due To Timing Phenomenon

Floating rate preferreds, initially created in a zero interest rate environment, now yield around 10% due to the timing phenomenon and changes in interest rates. Key factors for analysis include compa...

2 months ago - Seeking Alpha

Let's Talk Mortgage REITs (But Not For Too Long)

A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-bo...

3 months ago - Seeking Alpha

15% Yields Want To Mug Your Dividends

Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture...

3 months ago - Seeking Alpha

Preferreds/Bond Weekly Review: Couple Of New Issues

We take a look at the action in preferreds and baby bonds through the first week of March and highlight some of the key themes we are watching. Most preferreds sectors declined due to rising Treasury ...

Other symbols: PMTURCRCCRPTSAR
3 months ago - Seeking Alpha

9% Yields From Baby Bonds

Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll loo...

3 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust Declares First Quarter 2025 Dividend for Its Common Shares

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial in...

3 months ago - Business Wire

PMTV: A 9% Senior Note IPO From PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust's new 9.00% Senior Notes due 2030 offer high returns but come with high risk due to the company's heavy leverage. PMTV's IPO spread suggests a below single-B credit ...

4 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust Declares First Quarter 2025 Dividends for Its Preferred Shares and Announces 2024 Dividend Tax Information

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2025 on its 8....

4 months ago - Business Wire

PennyMac Mortgage Investment Trust: Best Preferred Share Is Series C, Yielding 8.5%

PennyMac Mortgage Investment Trust offers a diversified investment strategy, balancing loans, mortgage-backed securities, servicing, and CRT investments, mitigating risks from interest rate fluctuatio...

Other symbols: PMTU
5 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust (PMT) Q4 2024 Earnings Call Transcript

PennyMac Mortgage Investment Trust (NYSE:PMT) Q4 2024 Earnings Call January 30, 2025 6:00 PM ET Company Participants David Spector - Chairman and Chief Executive Officer Dan Perotti - Chief Financial...

5 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2024 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $36.1 million, or $0.41 per common share on a...

5 months ago - Business Wire

Past Time To Take Gains On These Big Yielders

These shares don't give investors a big enough yield or enough upside. The performance throughout the sector has been great, but occasionally, it's better to just pocket the gains.

5 months ago - Seeking Alpha