PennyMac Mortgage Investment (PMT)

• Market cap: $1.13B
• 1 day: 0.23%
• 5 days: -4.42%
• 1 month: -1.29%
• 3 months: -8.98%
• 6 months: -5.74%
• Year to date: -13.47%
• 1 year: -15.38%
• 5 years: -42.52%
• 10 years: -41.13%
• Sector: Financials
• Industry: Real Estate Investment Trusts

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1% less capital invested

Capital invested by funds: $800M [Q2] → $795M (-$5.37M) [Q3]

2.36% less ownership

Funds ownership: 67.01% [Q2] → 64.64% (-2.36%) [Q3]

3% less funds holding

Funds holding: 198 [Q2] → 193 (-5) [Q3]

18% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 28

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 16% upside
• Avg. target: $15 16% upside
• High target: $15 16% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target

16% upside $15

Neutral Reiterated

24 Oct 2024