PMT
PennyMac Mortgage Investment
About: PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through three segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.
Employees: 7
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
41% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 27
3% more funds holding
Funds holding: 194 [Q3] → 200 (+6) [Q4]
1.44% more ownership
Funds ownership: 64.64% [Q3] → 66.08% (+1.44%) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 63
9% less capital invested
Capital invested by funds: $795M [Q3] → $724M (-$70.9M) [Q4]
63% less call options, than puts
Call options by funds: $10.1M | Put options by funds: $26.9M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
1%
upside
Avg. target
$13.75
7%
upside
High target
$14.50
13%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Bose George 51% 1-year accuracy 23 / 45 met price target | 13%upside $14.50 | Outperform Maintained | 24 Apr 2025 |
UBS Douglas Harter 63% 1-year accuracy 20 / 32 met price target | 1%upside $13 | Neutral Maintained | 16 Apr 2025 |
Financial journalist opinion
Based on 7 articles about PMT published over the past 30 days
Negative
Zacks Investment Research
1 week ago
PennyMac Mortgage (PMT) Reports Q1 Loss, Lags Revenue Estimates
PennyMac Mortgage (PMT) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.38. This compares to earnings of $0.39 per share a year ago.
Neutral
Seeking Alpha
1 week ago
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 Financial Officer Conference Call Participants Bose George - KBW Jason Weaver - Jones Trading Doug Harter - UBS Trevor Cranston - Citizens JMP Eric Hagen - BTIG Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust First Quarter 2025 Earnings Call. Additional earnings materials, including the presentation slides that will be referred to in this call are available on PennyMac Mortgage Investment Trust website at pmt.pennymac.com.
Neutral
Business Wire
1 week ago
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 diluted basis for the first quarter of 2025, on net investment income of $44.5 million. PMT previously announced a cash dividend for the first quarter of 2025 of $0.40 per common share of beneficial interest, which was declared on March 6, 2025, and will be paid on April 25, 2025, to common shareho.
Positive
Seeking Alpha
1 week ago
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 offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.
Neutral
Business Wire
2 weeks ago
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 close on Tuesday, April 22, 2025. Management will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pmt.pennymac.com. A replay of the webcast will be available shortly after its c.
Positive
Zacks Investment Research
2 weeks ago
PennyMac Mortgage (PMT) Stock Jumps 5.7%: Will It Continue to Soar?
PennyMac Mortgage (PMT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Positive
Seeking Alpha
3 weeks ago
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 company stability, size of preferred issue relative to common equity, discount/premium to par value, and adjustment above SOFR. Risks include rapid yield curve fluctuations and potential Fed rate cuts, which could lower SOFR and subsequently reduce yields on floating rate preferreds.
Neutral
Seeking Alpha
1 month ago
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-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!
Neutral
Seeking Alpha
1 month ago
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 some gains in this sector.
Positive
Zacks Investment Research
1 month ago
PennyMac Mortgage (PMT) Crossed Above the 20-Day Moving Average: What That Means for Investors
PennyMac Mortgage (PMT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PMT crossed above the 20-day moving average, suggesting a short-term bullish trend.
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