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 7,295 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
1%
upside
Avg. target
$13.83
7%
upside
High target
$14.50
13%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Wells Fargo Michael Kaye | 9%upside $14 | Equal-Weight Maintained | 2 May 2025 |
Keefe, Bruyette & Woods Bose George | 13%upside $14.50 | Outperform Maintained | 24 Apr 2025 |
UBS Douglas Harter | 1%upside $13 | Neutral Maintained | 16 Apr 2025 |
Financial journalist opinion
Based on 7 articles about PMT published over the past 30 days
Neutral
Seeking Alpha
3 days 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
4 days 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 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 $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.
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.
Neutral
Business Wire
2 weeks ago
PennyMac Mortgage Investment Trust to Present at the Nareit REITweek 2025 Investor Conference
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present at the Nareit REITweek 2025 Investor Conference. Senior Managing Director and Chief Financial Officer Daniel Perotti and Managing Director, Portfolio Risk Management, Marshall Sebring will participate in a fireside chat at 11:00 a.m. Eastern Time on Tuesday, June 3, 2025. A link to the live audio webcast will be available on PennyMac Mortgage Investment Trust's Investor.
Neutral
Seeking Alpha
2 weeks ago
PennyMac: A Mortgage REIT With Nice Margins, But In A Challenging Sector
PennyMac Mortgage Investment Trust gets a 'Hold' rating for my initial coverage. Loan origination and servicing growth provide upside, yet high reliance on leverage and a below-investment-grade rating from Fitch make me cautious. Despite profits and solid margins, dividend growth has been negative over 10 years, making it less attractive for growth-focused investors.
Neutral
Business Wire
4 weeks ago
PennyMac Mortgage Investment Trust Declares Second Quarter 2025 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 second 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 Annual Dividend Rate Divide.
Negative
Zacks Investment Research
1 month 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 month 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 month 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.
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