Equities Analysts Issue Forecasts for PMT Q2 Earnings

PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) - Research analysts at B. Riley upped their Q2 2026 earnings per share (EPS) estimates for shares of PennyMac Mortgage Investment Trust in a research note issued on Sunday, October 27th. B. Riley analyst M. Howlett now forecasts that the real estate investment trust will earn $0.45 per share for the quarter, up from their prior forecast of $0.44. B. Riley currently has a "Buy" rating and a $16.00 target price on the stock. The consensus estimate for PennyMac Mortgage Investment Trust's current full-year earnings is $1.27 per share.

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

PennyMac Mortgage Investment Trust Price Performance

PMT traded up $0.08 during trading on Wednesday, reaching $13.80. 576,000 shares of the company were exchanged, compared to its average volume of 729,931. PennyMac Mortgage Investment Trust has a 12-month low of $12.48 and a 12-month high of $15.89. The company's 50-day moving average is $14.04 and its two-hundred day moving average is $13.96. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 9.15 and a beta of 1.51.

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

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.59%. The ex-dividend date was Friday, October 11th. PennyMac Mortgage Investment Trust's payout ratio is currently 106.67%.

Insider Activity

In other news, Director Doug Jones sold 37,010 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.01, for a total value of $518,510.10. Following the completion of the sale, the director now directly owns 49,114 shares in the company, valued at approximately $688,087.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company's stock.

Institutional Investors Weigh In On PennyMac Mortgage Investment Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its position in PennyMac Mortgage Investment Trust by 5.0% during the 3rd quarter. QRG Capital Management Inc. now owns 23,036 shares of the real estate investment trust's stock worth $328,000 after acquiring an additional 1,093 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of PennyMac Mortgage Investment Trust by 4.4% in the third quarter. Janney Montgomery Scott LLC now owns 56,794 shares of the real estate investment trust's stock worth $810,000 after purchasing an additional 2,387 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 93.2% in the third quarter. Nisa Investment Advisors LLC now owns 64,772 shares of the real estate investment trust's stock worth $924,000 after buying an additional 31,253 shares during the period. International Assets Investment Management LLC raised its holdings in PennyMac Mortgage Investment Trust by 1,607.2% during the 3rd quarter. International Assets Investment Management LLC now owns 367,908 shares of the real estate investment trust's stock valued at $5,246,000 after buying an additional 346,358 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in PennyMac Mortgage Investment Trust by 13.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 70,100 shares of the real estate investment trust's stock valued at $1,000,000 after buying an additional 8,044 shares during the period. Institutional investors 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.