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 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings 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]
8% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 63
0.08% more ownership
Funds ownership: 66.04% [Q3] → 66.12% (+0.08%) [Q4]
11% less capital invested
Capital invested by funds: $812M [Q3] → $725M (-$87.7M) [Q4]
63% less call options, than puts
Call options by funds: $10.1M | Put options by funds: $26.9M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$15.50
9%
upside
Avg. target
$15.50
9%
upside
High target
$15.50
9%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
JMP Securities Aaron Hecht 53% 1-year accuracy 26 / 49 met price target | 9%upside $15.50 | Market Outperform Reiterated | 23 Jan 2025 |
Financial journalist opinion
Based on 7 articles about PMT published over the past 30 days
Positive
Zacks Investment Research
1 day 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
3 days 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 week 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.
Neutral
Business Wire
1 week ago
PennyMac Mortgage Investment Trust Declares First Quarter 2025 Dividend for Its Common Shares
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the first quarter of 2025. This dividend will be paid on April 25, 2025, to common shareholders of record as of April 11, 2025. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in resident.
Neutral
Seeking Alpha
3 weeks ago
PMTV: A 9% Senior Note IPO From PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust's new 9.00% Senior Notes due 2030 offer high returns but come with high risk due to the company's heavy leverage. PMTV's IPO spread suggests a below single-B credit rating. The company's high debt-to-equity ratio and significant interest expenses provide small buffers for PMTV's principal and interest payments.
Positive
Zacks Investment Research
4 weeks ago
PennyMac Mortgage (PMT) Just Overtook the 200-Day Moving Average
After reaching an important support level, PennyMac Mortgage (PMT) could be a good stock pick from a technical perspective. PMT surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
Neutral
Business Wire
4 weeks ago
PennyMac Mortgage Investment Trust Declares First Quarter 2025 Dividends for Its Preferred Shares and Announces 2024 Dividend Tax Information
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2025 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 AnnualDividend Rate Dividend P.
Neutral
Business Wire
1 month ago
PennyMac Mortgage Investment Trust Announces Pricing of Public Offering of Senior Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (the “Company” or “PMT”) today announced that it has priced an underwritten public offering of $150,000,000 aggregate principal amount of its 9.00% Senior Notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by PennyMac Corp. (“PMC”), an indirect wholly-owned subsidiary of the Company. The Notes will be issued in minimum denominations and integral.
Neutral
Business Wire
1 month ago
PennyMac Mortgage Investment Trust Announces Public Offering of Senior Notes
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (the “Company” or “PMT”) today announced that it is commencing an underwritten public offering of senior notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by PennyMac Corp. (“PMC”), an indirect wholly-owned subsidiary of the Company. The Company intends to use the net proceeds from the offering to fund its business and investment activities, wh.
Positive
Seeking Alpha
1 month ago
PennyMac Mortgage Investment Trust: Best Preferred Share Is Series C, Yielding 8.5%
PennyMac Mortgage Investment Trust offers a diversified investment strategy, balancing loans, mortgage-backed securities, servicing, and CRT investments, mitigating risks from interest rate fluctuations. Despite a tempting 11.75% dividend yield on common shares, rising delinquency rates and high interest rates pose unique risks. The Series C preferred shares offer a more attractive and stable 8.5% yield, making them a superior option for income investors.
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