PMT
PennyMac Mortgage InvestmentPMT
PMT
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
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1% less capital invested
Capital invested by funds: $817M [Q2] → $812M (-$4.5M) [Q3]
2.34% less ownership
Funds ownership: 68.39% [Q2] → 66.05% (-2.34%) [Q3]
3% less funds holding
Funds holding: 198 [Q2] → 193 (-5) [Q3]
12% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 26
20% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 75
33% less call options, than puts
Call options by funds: $14.5M | Put options by funds: $21.8M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$15
18%
upside
Avg. target
$15
18%
upside
High target
$15
18%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Wedbush Jay McCanless 73% 1-year accuracy 51 / 70 met price target | 18%upside $15 | Neutral Reiterated | 24 Oct 2024 |
Financial journalist opinion
Negative
Seeking Alpha
6 days ago
High Yield REITs Whacked By Higher Rates
Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around the middle of the single-digit range.
Neutral
GlobeNewsWire
1 month ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Neutral
Business Wire
1 month ago
PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 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 fourth quarter of 2024. This dividend will be paid on January 24, 2025, to common shareholders of record as of December 27, 2024. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in re.
Neutral
Seeking Alpha
1 month ago
Huge Yields, Brief Notes
Preferred shares rallied, as predicted. Finding value is getting much harder. There are some common shares trading at discounts. Some big, some tiny. I would be interested in a few of the agency mortgage REITs, but the ones I would prefer remain unavailable. The valuation between those good ones and some of the weaker ones (as measured by things like destruction of shareholder wealth and me not liking them) is still small sometimes.
Positive
Seeking Alpha
1 month ago
Select High Yield Preferreds Remain Opportunistically Priced
Recent macroeconomic changes, including the yield curve uninverting and Fed rate cuts, have significantly impacted REIT preferreds, leading to price increases and varied forward return potentials. Despite overall price rises, select REIT preferreds remain deeply discounted, offering high yields and substantial capital appreciation potential. Mispricing due to accrued dividends and variable rate conversions presents lucrative opportunities in preferreds.
Positive
Benzinga
2 months ago
Top 3 Financials Stocks That May Rocket Higher In Q4
The most oversold stocks in the financials sector presents an opportunity to buy into undervalued companies.
Neutral
Business Wire
2 months ago
PennyMac Mortgage Investment Trust Declares Fourth 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 fourth 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 Di.
Neutral
24/7 Wall Street
2 months ago
These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000
Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and American Stock Exchange (since merged with NASDAQ in 1998).
Positive
Seeking Alpha
2 months ago
PennyMac Mortgage Investment Trust: Series C Preferred Shares Offer 8.2% Dividend Yield
PennyMac Mortgage Investment Trust's Series C preferred shares offer an 8.2% dividend yield and are recommended over other options due to their discount and income potential. Despite interest rate volatility, PennyMac's net income covers preferred dividends, with improved net interest income from higher rate mortgage investments. Mortgage servicing is cash flow positive, with 98% of serviced mortgages insured by Fannie Mae and Freddie Mac.
Positive
Zacks Investment Research
2 months ago
Are Investors Undervaluing PennyMac Mortgage Investment Trust (PMT) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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