PennyMac Mortgage Investment Trust (PMT) Stock Price, News & Analysis

Company Overview

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. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.

Key Stats

• Today's Range: $12.80 to $13.17
• 50-Day Range: $12.95 to $14.14
• 52-Week Range: $12.80 to $15.89
• Volume: 3.24 million shs
• Average Volume: 732,463 shs
• Market Capitalization: $1.13 billion
• P/E Ratio: 9.54
• Dividend Yield: 12.33%
• Price Target: $15.17
• Consensus Rating: Moderate Buy

PennyMac Mortgage Investment Trust Stock Analysis - MarketRank™

PennyMac Mortgage Investment Trust scored higher than 83% of companies evaluated by MarketBeat, and ranked 248th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

PennyMac Mortgage Investment Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

PennyMac Mortgage Investment Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 20.93%

Earnings Growth

Earnings for PennyMac Mortgage Investment Trust are expected to grow by 20.93% in the coming year, from $1.29 to $1.56 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PennyMac Mortgage Investment Trust is 9.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of PennyMac Mortgage Investment Trust is 9.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 27.84.

Price to Book Value per Share Ratio

PennyMac Mortgage Investment Trust has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.51% of the float of PennyMac Mortgage Investment Trust has been sold short.

Short Interest Ratio / Days to Cover

PennyMac Mortgage Investment Trust has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in PennyMac Mortgage Investment Trust has recently decreased by 3.49%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

PennyMac Mortgage Investment Trust is a leading dividend payer. It pays a dividend yield of 12.28%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

PennyMac Mortgage Investment Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of PennyMac Mortgage Investment Trust is 117.65%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, PennyMac Mortgage Investment Trust will have a dividend payout ratio of 102.56% in the coming year. This indicates that PennyMac Mortgage Investment Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.51% of the float of PennyMac Mortgage Investment Trust has been sold short.

Short Interest Ratio / Days to Cover

PennyMac Mortgage Investment Trust has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in PennyMac Mortgage Investment Trust has recently decreased by 3.49%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.34

News Sentiment

PennyMac Mortgage Investment Trust has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for PennyMac Mortgage Investment Trust this week, compared to 3 articles on an average week.

Search Interest

8 people have searched for PMT on MarketBeat in the last 30 days. This is an increase of 700% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added PennyMac Mortgage Investment Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, PennyMac Mortgage Investment Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $11,573.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 0.89% of the stock of PennyMac Mortgage Investment Trust is held by insiders.

Percentage Held by Institutions

67.38% of the stock of PennyMac Mortgage Investment Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PMT Stock Analysis - Frequently Asked Questions

How have PMT shares performed this year?

PennyMac Mortgage Investment Trust's stock was trading at $14.95 at the start of the year. Since then, PMT shares have decreased by 13.2% and is now trading at $12.98.
View the best growth stocks for 2024 here.

How were PennyMac Mortgage Investment Trust's earnings last quarter?

PennyMac Mortgage Investment Trust (NYSE:PMT) issued its quarterly earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. The real estate investment trust earned $80.86 million during the quarter, compared to the consensus estimate of $93.75 million. PennyMac Mortgage Investment Trust had a net margin of 53.81% and a trailing twelve-month return on equity of 11.90%.

Who are PennyMac Mortgage Investment Trust's major shareholders?

Top institutional investors of PennyMac Mortgage Investment Trust include State Street Corp (3.90%), Geode Capital Management LLC (2.33%), Charles Schwab Investment Management Inc. (1.68%) and HBK Investments L P. Insiders that own company stock include Stacey D Stewart, Catherine A Lynch, Scott W Carnahan and Marianne Sullivan.
View institutional ownership trends.

How do I buy shares of PennyMac Mortgage Investment Trust?

Shares of PMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PennyMac Mortgage Investment Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PennyMac Mortgage Investment Trust investors own include Invesco QQQ (QQQ), SPDR S&P 500 ETF Trust (SPY), NVIDIA (NVDA), SPDR Dow Jones Industrial Average ETF Trust (DIA), Meta Platforms (META), Verizon Communications (VZ) and AT&T (T).

Company Calendar

• Ex-Dividend for 10/25 Dividend: 10/11/2024
• Last Earnings: 10/22/2024
• Dividend Payable: 10/25/2024
• Today: 12/21/2024
• Ex-Dividend for 1/24 Dividend: 12/27/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/24/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Mortgage REITs
• Current Symbol: NYSE:PMT
• CUSIP: 70931T10
• CIK: 1464423
• Web: www.pennymacmortgageinvestmenttrust.com
• Phone: (818) 224-7028
• Fax: 818-936-0145
• Employees: 1
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $15.17
• High Stock Price Target: $16.00
• Low Stock Price Target: $14.50
• Potential Upside/Downside: +16.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.36
• Trailing P/E Ratio: 9.54
• Forward P/E Ratio: 10.06
• P/E Growth: N/A
• Net Income: $199.65 million
• Net Margins: 53.81%
• Pretax Margin: 41.10%
• Return on Equity: 11.90%
• Return on Assets: 1.32%

Debt

• Debt-to-Equity Ratio: 1.56
• Current Ratio: 0.41
• Quick Ratio: 0.41

Sales & Book Value

• Annual Sales: $163.44 million
• Price / Sales: 6.90
• Cash Flow: $2.38 per share
• Price / Cash Flow: 5.46
• Book Value: $16.34 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 86,861,000
• Free Float: 86,088,000
• Market Cap: $1.13 billion
• Optionable: Optionable
• Beta: 1.50