PMT

PennyMac Mortgage Investment
PMT

$14.24

0%

Market Cap: $1.24B

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

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

42% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 55

30% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 27

4% more funds holding

Funds holding: 187 [Q1] → 195 (+8) [Q2]

0.18% more ownership

Funds ownership: 65.15% [Q1] → 65.34% (+0.18%) [Q2]

6% less capital invested

Capital invested by funds: $826M [Q1] → $780M (-$45.6M) [Q2]

62% less call options, than puts

Call options by funds: $5.72M | Put options by funds: $14.9M

See Fund Rankings

Research analyst outlook

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

Low target

$14.50

2%

upside

Avg. target

$15.25

7%

upside

High target

$16

12%

upside

6 analyst ratings

4 positive

67%

2 neutral

33%

0 negative

0%

Keefe, Bruyette & Woods Bose George 94% 1-year accuracy 29 / 31 met price target	5%upside $15	Outperform Maintained	25 Jul 2024
Wedbush Jay McCanless 62% 1-year accuracy 43 / 69 met price target	5%upside $15	Neutral Reiterated	25 Jul 2024
B. Riley Securities Matt Howlett 65% 1-year accuracy 11 / 17 met price target	12%upside $16	Buy Reiterated	24 Jul 2024
Piper Sandler Crispin Love 56% 1-year accuracy 14 / 25 met price target	2%upside $14.50	Neutral Maintained	24 Jul 2024
JMP Securities Trevor Cranston 92% 1-year accuracy 24 / 26 met price target	9%upside $15.50	Market Outperform Maintained	19 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about PMT published over the past 30 days

24/7 Wall Street

Want $5,000 in Annual Passive Income? Invest $5,000 in Each Of These Stocks

The huge surge of inflation since 2021 has not been seen since the Carter Administration's 1970's oil crisis.

Want $5,000 in Annual Passive Income? Invest $5,000 in Each Of These Stocks

Assessing PennyMac Mortgage's Performance For Q2 2024

PMT's quarterly BV fluctuation was very minor, with a 1.0% variance. Net interest spread showed minor outperformance with a $0.02 variance. PMT's segments/sub-portfolios performed as expected, with slight underperformance in some areas.

Assessing PennyMac Mortgage's Performance For Q2 2024

24/7 Wall Street

3 Dividend Stocks to Buy With $5000

At the time of this writing, Wall Street awaits a lower than expected Fed Funds rate cut from Fed Chairman Jerome Powell.

3 Dividend Stocks to Buy With $5000

PennyMac Mortgage Investment Trust: Not Terrible But Not Attractive

PennyMac Mortgage Investment Trust offers a double-digit dividend yield, with the potential to grow if rates drop. The dividend history, however, has been one of a decline. Its investment income is complex for an mREIT, drawing from loan flipping, servicing fees, credit risk transfers, and hedging.

PennyMac Mortgage Investment Trust: Not Terrible But Not Attractive

PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2024 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer David Spector and Senior Managing Director and Chief Financial Officer Daniel Perotti will participate in a fireside chat at 10:30 a.m. Eastern Time on Monday, September 9, 2024. A link to the live audio webcast will.

PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust (NYSE: PMT) at the 2024 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer David Spector and Senior Managing Director and Chief Financial Officer Daniel Perotti will participate in a fireside chat at 10:30 a.m. Eastern Time on Monday, September 9, 2024. A link to the live audio webcast will.

PennyMac Financial Services, Inc. to Present at the 2024 Barclays Global Financial Services Conference

PennyMac Preferred Shares And The Obvious Lawsuit

PennyMac Mortgage Investment Trust is a mortgage REIT with 3 series of preferred shares. PMT-A and PMT-B are fixed-to-floating preferred shares, but PennyMac announced they are fixed-rate due to the LIBOR Act. The claim looks about as realistic as a 7th grader announcing all the models that were at his secret party last weekend.

PennyMac Preferred Shares And The Obvious Lawsuit

10% Or Higher Dividend Yields

BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred share and baby bond combinations appear to be slightly mispriced.

10% Or Higher Dividend Yields

PennyMac Mortgage Investment Trust Declares Third Quarter 2024 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 third quarter of 2024 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 Dividend.

PennyMac Mortgage Investment Trust Declares Third Quarter 2024 Dividends for Its Preferred Shares

Bashing Big Yielders

Dividends need to be sustained to create value. We're highlighting a company that regularly falls short. I made some mistakes many years ago and I want to address them so we can all learn from them.

Bashing Big Yielders

See News Rankings