PMT

PennyMac Mortgage Investment

13.77 USD
+0.05
0.36%
At close Feb 14, 4:00 PM EST
After hours
13.79
+0.02
0.15%
1 day
0.36%
5 days
1.32%
1 month
12.32%
3 months
5.44%
6 months
2.08%
Year to date
9.63%
1 year
3.07%
5 years
-41.45%
10 years
-36.04%
 

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 four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.

Employees: 1

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1% less capital invested

Capital invested by funds: $817M [Q2] → $812M (-$4.5M) [Q3]

2.34% less ownership

Funds ownership: 68.39% [Q2] → 66.05% (-2.34%) [Q3]

3% less funds holding

Funds holding: 198 [Q2] → 193 (-5) [Q3]

12% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 26

20% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 75

33% less call options, than puts

Call options by funds: $14.5M | Put options by funds: $21.8M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$15.50
13%
upside
Avg. target
$15.50
13%
upside
High target
$15.50
13%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
JMP Securities
Aaron Hecht
48% 1-year accuracy
26 / 54 met price target
13%upside
$15.50
Market Outperform
Reiterated
23 Jan 2025

Financial journalist opinion

Based on 12 articles about PMT published over the past 30 days

Positive
Zacks Investment Research
4 days ago
PennyMac Mortgage (PMT) Just Overtook the 200-Day Moving Average
After reaching an important support level, PennyMac Mortgage (PMT) could be a good stock pick from a technical perspective. PMT surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
PennyMac Mortgage (PMT) Just Overtook the 200-Day Moving Average
Neutral
Business Wire
4 days ago
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 8.125% Series A Preferred Shares (NYSE: PMT PRA), its 8.000% Series B Preferred Shares (NYSE: PMT PRB) and its 6.750% Series C Preferred Shares (NYSE: PMT PRC). In accordance with the terms for each preferred series, the dividend information is as follows: Series Ticker AnnualDividend Rate Dividend P.
PennyMac Mortgage Investment Trust Declares First Quarter 2025 Dividends for Its Preferred Shares and Announces 2024 Dividend Tax Information
Neutral
Business Wire
1 week 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 $150,000,000 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.
PennyMac Mortgage Investment Trust Announces Pricing of Public Offering of Senior Notes
Neutral
Business Wire
1 week ago
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 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 Company intends to use the net proceeds from the offering to fund its business and investment activities, wh.
PennyMac Mortgage Investment Trust Announces Public Offering of Senior Notes
Positive
Seeking Alpha
1 week ago
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 fluctuations. Despite a tempting 11.75% dividend yield on common shares, rising delinquency rates and high interest rates pose unique risks. The Series C preferred shares offer a more attractive and stable 8.5% yield, making them a superior option for income investors.
PennyMac Mortgage Investment Trust: Best Preferred Share Is Series C, Yielding 8.5%
Neutral
Seeking Alpha
2 weeks ago
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 Officer Conference Call Participants Bose George - KBW Matthew Erdner - Jones Trading Trevor Cranston - Citizens JMP Doug Harter - UBS Operator Good afternoon and welcome to PennyMac Mortgage Investment Trust Fourth Quarter and Full Year 2024 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.
PennyMac Mortgage Investment Trust (PMT) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 weeks ago
PennyMac Mortgage (PMT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for PennyMac Mortgage (PMT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
PennyMac Mortgage (PMT) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Positive
Zacks Investment Research
2 weeks ago
PennyMac Mortgage (PMT) Beats Q4 Earnings and Revenue Estimates
PennyMac Mortgage (PMT) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.44 per share a year ago.
PennyMac Mortgage (PMT) Beats Q4 Earnings and Revenue Estimates
Neutral
Business Wire
2 weeks ago
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 diluted basis for the fourth quarter of 2024, on net investment income of $107.9 million. PMT previously announced a cash dividend for the fourth quarter of 2024 of $0.40 per common share of beneficial interest, which was declared on December 13, 2024, and paid on January 24, 2025, to common share.
PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2024 Results
Negative
Seeking Alpha
3 weeks ago
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.
Past Time To Take Gains On These Big Yielders
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