PennyMac Mortgage Investment Trust (PMT)

NYSE: PMT · Real-Time Price · USD
14.64
-0.14 (-0.91%)
At close: Mar 28, 2025, 3:59 PM
14.63
0.00 (-0.03%)
After-hours: Mar 28, 2025, 4:05 PM EDT
-0.91%
Market Cap 1.27B
Revenue (ttm) 504.60M
Net Income (ttm) 118.75M
Shares Out 86.86M
EPS (ttm) 1.37
PE Ratio 10.68
Forward PE 9.31
Dividend $1.60 (10.95%)
Ex-Dividend Date Apr 11, 2025
Volume 519,397
Open 14.83
Previous Close 14.77
Day's Range 14.47 - 14.76
52-Week Range 11.77 - 15.22
Beta 1.48
Analysts Buy
Price Target 15.25 (+4.2%)
Earnings Date Apr 23, 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 6 analysts, the average rating for PMT stock is "Buy." The 12-month stock price forecast is $15.25, which is an increase of 4.20% from the latest price.

Price Target
$15.25
(4.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

1 day 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...

9 days 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: RCRPTSAR
12 days 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...

22 days 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...

22 days 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 ...

5 weeks 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....

6 weeks ago - Business Wire

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 $150,000,000 ag...

7 weeks 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...

7 weeks 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...

7 weeks 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...

2 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...

2 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.

2 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2024 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter and year ended December 31, 2024, in a news release to be issued after t...

2 months ago - Business Wire

High Yield REITs Whacked By Higher Rates

Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around th...

2 months ago - Seeking Alpha

KBW Announces Index Rebalancing for Fourth-Quarter 2024

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

Other symbols: ABABRACREAPOARESARIBDN
3 months ago - GlobeNewsWire

PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 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

Huge Yields, Brief Notes

Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortg...

3 months ago - Seeking Alpha

Select High Yield Preferreds Remain Opportunistically Priced

Recent macroeconomic changes, including the yield curve uninverting and Fed rate cuts, have significantly impacted REIT preferreds, leading to price increases and varied forward return potentials. Des...

Other symbols: ABRAGNCCIMDXPFFA
4 months ago - Seeking Alpha

Top 3 Financials Stocks That May Rocket Higher In Q4

The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.

Other symbols: HASIPSFE
4 months ago - Benzinga

PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 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 fourth quarter of 2024 on its 8...

4 months ago - Business Wire

PennyMac Mortgage Investment Trust: Series C Preferred Shares Offer 8.2% Dividend Yield

PennyMac Mortgage Investment Trust's Series C preferred shares offer an 8.2% dividend yield and are recommended over other options due to their discount and income potential. Despite interest rate vol...

5 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust (PMT) Q3 2024 Earnings Call Transcript

PennyMac Mortgage Investment Trust (NYSE:PMT) Q3 2024 Earnings Conference Call October 22, 2024 6:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief ...

5 months ago - Seeking Alpha

PennyMac Mortgage Investment Trust Reports Third Quarter 2024 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $31.0 million, or $0.36 per common share on a...

5 months ago - Business Wire

3 Shares Yielding Over 9%

We've got three shares where big yields are offset by one flaw or another. I recently closed out my position in one of these shares for a gain of more than 40%. Great choice about 17 months ago. Not a...

5 months ago - Seeking Alpha