PMT
PennyMac Mortgage InvestmentPMT
PMT
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 7,312 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]
21% more capital invested
Capital invested by funds: $724M [Q4 2024] → $876M (+$152M) [Q1 2025]
2.78% more ownership
Funds ownership: 66.1% [Q4 2024] → 68.88% (+2.78%) [Q1 2025]
3% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 33
5% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 64
1% less funds holding
Funds holding: 201 [Q4 2024] → 198 (-3) [Q1 2025]
42% less call options, than puts
Call options by funds: $25.2M | Put options by funds: $43.4M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
3%
upside
Avg. target
$13.83
10%
upside
High target
$14.50
15%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Wells Fargo Michael Kaye | 11%upside $14 | Equal-Weight Maintained | 2 May 2025 |
Keefe, Bruyette & Woods Bose George | 15%upside $14.50 | Outperform Maintained | 24 Apr 2025 |
UBS Douglas Harter | 3%upside $13 | Neutral Maintained | 16 Apr 2025 |
Financial journalist opinion
Based on 7 articles about PMT published over the past 30 days
Positive
Seeking Alpha
2 days ago
Keep Calm And Buy Preferred Stocks; Yields +9%
Some of the most enduring inventions in history continue to be adopted and function as intended. I don't like to babysit my investments; fixed-income makes an excellent fit for my no-drama income needs. We discuss our top picks from both ends of the spectrum of preferred securities with yields of +9%.
Positive
Seeking Alpha
5 days ago
PennyMac Mortgage Investment Trust: Series C Preferred Shares Offer Safety And Decent Upside
PennyMac Mortgage Investment Trust allocates equity across three principal investment strategies. In contrast to robust earnings since Q1 2023, Q1 2025 results were impacted by mark-to-market losses, resulting in poor preferred dividend coverage. Even so, the cumulative nature of preferred dividends and strong underlying profitability have allowed PennyMac to pay preferred dividends in full in recent years.
Positive
Seeking Alpha
1 week ago
New Preferred Stock IPOs - June 2025
We tracked three new preferred stock and ETD offerings this month, with yields from 6.875% to 10%, highlighting KKR, MicroStrategy, and PennyMac. KKR's new subordinated notes stand out with a perfect compliance score, BBB+ rating, and a 6.875% yield, making it a top-quality pick. MicroStrategy's new non-cumulative preferred offers a high yield but lacks mandatory dividends, while insider buying signals confidence.
Positive
Seeking Alpha
1 week ago
Where Fat Yields Meet Lower Risk
Many investors go for big yield with bigger risk. Barf. This report was recently sent to our members. We picked up shares with a 9.5% yield.
Neutral
Business Wire
2 weeks ago
PennyMac Mortgage Investment Trust Declares Second 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 interest for the second quarter of 2025. This dividend will be paid on July 25, 2025, to common shareholders of record as of July 11, 2025. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residenti.
Neutral
Seeking Alpha
3 weeks ago
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 significant secured debt and a weak equity buffer, raising concerns for unsecured noteholders in liquidation scenarios. The increasing risk premium on each new senior note issue signals rising perceived risk by both underwriters and the market.
Neutral
Seeking Alpha
4 weeks ago
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 the income.
Neutral
Seeking Alpha
1 month ago
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. Main Street Capital stands out among BDCs for superior management and NAV growth, but that valuation just refuses to come down.
Positive
Seeking Alpha
1 month ago
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. Benchmark interest rates jumped to near-four-month highs as hotter-than-expected wage growth metrics fueled doubts on the prospects for meaningful Federal Reserve easing this year. Meanwhile, investors weighed questions about the fate of the "Big Beautiful Bill" amid fierce challenges from Elon Musk, alongside signs of thawing in the tariff stalemate with China.
Neutral
Business Wire
1 month ago
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 aggregate principal amount of its 9.00% Senior Notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by PennyMac Corp. (“PMC”), an indirect wholly-owned subsidiary of the Company. The Notes will be issued in minimum denominations and integral.
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