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 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
41% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 27
3% more funds holding
Funds holding: 194 [Q3] → 200 (+6) [Q4]
1.44% more ownership
Funds ownership: 64.64% [Q3] → 66.08% (+1.44%) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 63
9% less capital invested
Capital invested by funds: $795M [Q3] → $724M (-$70.9M) [Q4]
63% less call options, than puts
Call options by funds: $10.1M | Put options by funds: $26.9M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
0%
upside
Avg. target
$14.25
10%
upside
High target
$15.50
19%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
UBS Douglas Harter 66% 1-year accuracy 21 / 32 met price target | 0%upside $13 | Neutral Maintained | 16 Apr 2025 |
JMP Securities Aaron Hecht 29% 1-year accuracy 14 / 48 met price target | 19%upside $15.50 | Market Outperform Reiterated | 23 Jan 2025 |
Financial journalist opinion
Based on 5 articles about PMT published over the past 30 days
Neutral
Business Wire
2 days ago
PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2025 Results
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended March 31, 2025, in a news release to be issued after the market close on Tuesday, April 22, 2025. Management will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pmt.pennymac.com. A replay of the webcast will be available shortly after its c.
Positive
Zacks Investment Research
1 week ago
PennyMac Mortgage (PMT) Stock Jumps 5.7%: Will It Continue to Soar?
PennyMac Mortgage (PMT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Positive
Seeking Alpha
1 week ago
Floating Preferreds Have Monstrous Yields Due To Timing Phenomenon
Floating rate preferreds, initially created in a zero interest rate environment, now yield around 10% due to the timing phenomenon and changes in interest rates. Key factors for analysis include company stability, size of preferred issue relative to common equity, discount/premium to par value, and adjustment above SOFR. Risks include rapid yield curve fluctuations and potential Fed rate cuts, which could lower SOFR and subsequently reduce yields on floating rate preferreds.
Neutral
Seeking Alpha
3 weeks ago
Let's Talk Mortgage REITs (But Not For Too Long)
A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!
Neutral
Seeking Alpha
4 weeks ago
15% Yields Want To Mug Your Dividends
Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture some gains in this sector.
Positive
Zacks Investment Research
1 month ago
PennyMac Mortgage (PMT) Crossed Above the 20-Day Moving Average: What That Means for Investors
PennyMac Mortgage (PMT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PMT crossed above the 20-day moving average, suggesting a short-term bullish trend.
Neutral
Seeking Alpha
1 month ago
Preferreds/Bond Weekly Review: Couple Of New Issues
We take a look at the action in preferreds and baby bonds through the first week of March and highlight some of the key themes we are watching. Most preferreds sectors declined due to rising Treasury yields and wider spreads, reflecting weaker risk sentiment and lower equity prices. PennyMac Mortgage Investment Trust issued a new 9% 2030 bond, trading at an 8.35% yield, offering a stable book value profile.
Positive
Zacks Investment Research
1 month ago
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Neutral
Zacks Investment Research
1 month ago
Is the Options Market Predicting a Spike in PennyMac Mortgage Investment Trust (PMT) Stock?
Investors need to pay close attention to PennyMac Mortgage Investment Trust (PMT) stock based on the movements in the options market lately.
Neutral
Seeking Alpha
1 month ago
9% Yields From Baby Bonds
Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.
Charts implemented using Lightweight Charts™