PennyMac Mortgage Investment Trust (PMT)
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]
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 StatementsAnalyst 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.
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...

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...

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 ...

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...

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 ...

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....

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...

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...

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...

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...

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...

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...

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...