PennyMac Mortgage Investment Trust (PMT)
| Market Cap | 1.10B |
| Revenue (ttm) | 807.05M |
| Net Income (ttm) | 125.10M |
| Shares Out | 86.86M |
| EPS (ttm) | 1.41 |
| PE Ratio | 9.00 |
| Forward PE | 8.43 |
| Dividend | $1.60 (12.59%) |
| Ex-Dividend Date | Dec 27, 2024 |
| Volume | 562,374 |
| Open | 12.68 |
| Previous Close | 12.57 |
| Day's Range | 12.65 - 12.76 |
| 52-Week Range | 11.77 - 15.22 |
| Beta | 1.47 |
| Analysts | Buy |
| Price Target | 15.20 (+19.59%) |
| Earnings Date | Jan 30, 2025 |
About 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... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for PMT stock is "Buy." The 12-month stock price forecast is $15.2, which is an increase of 19.59% from the latest price.
News
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...
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...
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...
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...
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.
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...
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...
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 ...
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...
PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter 2024 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended September 30, 2024, in a news release to be issued after the marke...
8.25% Yield Preferred Share From PennyMac
PMT-A, a preferred share from PennyMac Mortgage Investment Trust, is currently trading at $24.82, with a stripped yield of 8.25% based on a fixed rate. PMT's management controversially attempted to co...
Pennymac Announces Organizational Changes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that William Chang is stepping down from hi...
PennyMac Mortgage Investment Trust Declares Third 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...
Assessing PennyMac Mortgage's Performance For Q2 2024
PMT's quarterly BV fluctuation was very minor, with a 1.0% variance. Net interest spread showed minor outperformance with a $0.02 variance. PMT's segments/sub-portfolios performed as expected, with sl...
PennyMac Mortgage Investment Trust: Not Terrible But Not Attractive
PennyMac Mortgage Investment Trust offers a double-digit dividend yield, with the potential to grow if rates drop. The dividend history, however, has been one of a decline. Its investment income is co...
PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2024 B...
PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust (NYSE: PMT) at the 2024 B...
PennyMac Preferred Shares And The Obvious Lawsuit
PennyMac Mortgage Investment Trust is a mortgage REIT with 3 series of preferred shares. PMT-A and PMT-B are fixed-to-floating preferred shares, but PennyMac announced they are fixed-rate due to the L...
10% Or Higher Dividend Yields
BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred shar...
PennyMac Mortgage Investment Trust Declares Third 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 third quarter of 2024 on its 8....
PennyMac Mortgage Investment Trust (PMT) Q2 2024 Earnings Call Transcript
PennyMac Mortgage Investment Trust (NYSE:PMT) Q2 2024 Earnings Conference Call July 23, 2024 6:00 PM ET Company Participants David Spector - Chairman and CEO Dan Perotti - CFO Conference Call Partici...