B. Riley Issues Negative Forecast for PMT Earnings

PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) - Stock analysts at B. Riley cut their Q2 2025 earnings estimates for shares of PennyMac Mortgage Investment Trust in a research note issued to investors on Sunday, October 27th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will post earnings of $0.43 per share for the quarter, down from their previous estimate of $0.44. B. Riley has a "Buy" rating and a $16.00 price objective on the stock. The consensus estimate for PennyMac Mortgage Investment Trust's current full-year earnings is $1.27 per share. B. Riley also issued estimates for PennyMac Mortgage Investment Trust's Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.43 EPS, FY2025 earnings at $1.71 EPS and Q3 2026 earnings at $0.46 EPS.

Other research analysts have also recently issued research reports about the company. Wedbush reiterated a "neutral" rating and issued a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Piper Sandler cut their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a "neutral" rating for the company in a report on Wednesday, July 24th. Keefe, Bruyette & Woods decreased their price objective on shares of PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Finally, JMP Securities lifted their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the company a "market outperform" rating in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $14.93.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PMT stock traded up $0.05 during trading hours on Tuesday, reaching $13.72. 603,926 shares of the company's stock were exchanged, compared to its average volume of 730,659. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.41 and a quick ratio of 0.33. PennyMac Mortgage Investment Trust has a 1 year low of $12.35 and a 1 year high of $15.89. The company has a market cap of $1.19 billion, a P/E ratio of 9.15 and a beta of 1.51. The company's 50 day moving average is $14.04 and its two-hundred day moving average is $13.96.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). PennyMac Mortgage Investment Trust had a net margin of 53.81% and a return on equity of 11.90%. The firm had revenue of $80.86 million during the quarter, compared to analyst estimates of $93.75 million. During the same quarter in the previous year, the business earned $0.51 EPS.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.66%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is 106.67%.

Insider Buying and Selling

In other news, Director Doug Jones sold 37,010 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.01, for a total value of $518,510.10. Following the sale, the director now directly owns 49,114 shares in the company, valued at $688,087.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.89% of the company's stock.

Hedge Funds Weigh In On PennyMac Mortgage Investment Trust

A number of institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in PennyMac Mortgage Investment Trust by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the real estate investment trust's stock worth $601,000 after acquiring an additional 800 shares during the period. Inspire Investing LLC increased its stake in PennyMac Mortgage Investment Trust by 4.7% in the second quarter. Inspire Investing LLC now owns 25,564 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 1,144 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in PennyMac Mortgage Investment Trust by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 75,812 shares of the real estate investment trust's stock valued at $1,113,000 after purchasing an additional 1,179 shares during the last quarter. ProShare Advisors LLC lifted its position in PennyMac Mortgage Investment Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 17,524 shares of the real estate investment trust's stock worth $257,000 after buying an additional 1,207 shares during the period. Finally, Cetera Investment Advisers boosted its stake in PennyMac Mortgage Investment Trust by 2.2% in the 2nd quarter. Cetera Investment Advisers now owns 72,125 shares of the real estate investment trust's stock worth $992,000 after buying an additional 1,553 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.