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Market Cap 1.11B P/E - EPS this Y -19.60% Ern Qtrly Grth 3.30%
Income 145.09M Forward P/E 8.65 EPS next Y 13.00% 50D Avg Chg -3.00%
Sales 543.77M PEG 2.62 EPS past 5Y -26.72% 200D Avg Chg -4.00%
Dividend 13.00% Price/Book 0.79 EPS next 5Y 4.15% 52W High Chg -20.00%
Recommedations 2.70 Quick Ratio 0.33 Shares Outstanding 86.86M 52W Low Chg 17.00%
Insider Own 1.02% ROA 1.47% Shares Float 71.08M Beta 1.47
Inst Own 69.49% ROE 9.68% Shares Shorted/Prior 4.75M/4.86M Price 12.63
Gross Margin 79.57% Profit Margin 34.46% Avg. Volume 729,382 Target Price 14.78
Oper. Margin 23.50% Earnings Date Oct 24 Volume 609,197 Change -0.79%
About PennyMac Mortgage Investment Tr

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.

PennyMac Mortgage Investment Tr News
11/14/24 PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 Dividends for Its Preferred Shares
11/01/24 PennyMac Mortgage Investment Trust Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
10/25/24 Do Options Traders Know Something About PennyMac Mortgage (PMT) Stock We Don't?
10/24/24 Are Investors Undervaluing PennyMac Mortgage Investment Trust (PMT) Right Now?
10/23/24 Q3 2024 PennyMac Mortgage Investment Trust Earnings Call
10/23/24 PennyMac Mortgage Investment Trust (PMT) Q3 2024 Earnings Call Highlights: Navigating Market ...
10/22/24 PennyMac Mortgage: Q3 Earnings Snapshot
10/22/24 PennyMac Mortgage Investment Trust Reports Third Quarter 2024 Results
10/15/24 PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter 2024 Results
10/08/24 Is PennyMac Mortgage Investment Trust (PMT) Stock Undervalued Right Now?
10/03/24 Pennymac Announces Organizational Changes
09/19/24 PennyMac Mortgage Investment Trust Declares Third Quarter 2024 Dividend for Its Common Shares
09/14/24 PennyMac Mortgage Investment Trust (NYSE:PMT) is favoured by institutional owners who hold 69% of the company
09/06/24 Insider Sale: Director, President & Chief Mortgage Banking Officer Doug Jones Sells Shares ...
08/29/24 PennyMac Mortgage Investment Trust to Present at the 2024 Barclays Global Financial Services Conference
08/15/24 PennyMac Mortgage Investment Trust Declares Third Quarter 2024 Dividends for Its Preferred Shares
08/04/24 PennyMac Mortgage Investment Trust Second Quarter 2024 Earnings: Misses Expectations
07/24/24 Q2 2024 PennyMac Mortgage Investment Trust Earnings Call
07/23/24 PennyMac Mortgage Investment Trust Reports Second Quarter 2024 Results
07/16/24 PennyMac Mortgage Investment Trust Announces Date for Release of Second Quarter 2024 Results
PMT Chatroom

User Image Persiandoc Posted - 3 hours ago

$PMT added today ....long

User Image HauntedHeroine Posted - 9 hours ago

$PMT $HASI $PSFE

User Image swingingtech Posted - 3 days ago

$HASI $PSFE $PMT https://wallstreetwaves.com/top-3-financials-stocks-that-may-rocket-higher-in-q4/

User Image insiderbuyingselling Posted - 10/30/24

$PMT new insider buying: 837 shares. http://insiderbuyingselling.com/?t=PMT

User Image Zaxxon Posted - 10/28/24

$USOI Happy pay day everyone, I am another month holder. This months divvy's went to $ACP $EFC & $PMT

User Image sam92 Posted - 10/22/24

$PMT Awesome dividend Every month !

User Image ChessGM Posted - 1 month ago

$PMT "Upcoming earnings: 10/22/2024, Neutral (5.0) PennyMac Mortgage Investment Trust has been in the spotlight recently with several significant developments. The company is set to release its third-quarter results on October 22, 2024, which is anticipated by investors seeking insights into its financial performance. The declaration of a cash dividend of $0.40 per common share for the third quarter has also caught attention, indicating a continued commitment to returning value to shareholders. However, the announcement of organizational changes, including the departure of a senior executive, adds a layer of uncertainty. Despite these mixed signals, institutional ownership remains strong, with 69% of shares held by institutions, suggesting confidence in the company's long-term prospects. On the flip side, insider selling by a high-ranking executive raises questions about their confidence in the stock, contributing to a balanced outlook. PennyMac Mortgage Investment Trust will announce its third-quarter results on October 22, 2024, after the market closes. Management will conduct a conference call at 6:00 p.m. Eastern Time the same day to discuss the results, providing investors with an opportunity to gain insights into the company’s performance and future outlook. Follow us! Do not miss other earnings alerts from ChessGM."

User Image jstngill Posted - 1 month ago

$PMT 3k shares collect on the 25th thank you free money

User Image ztradezzz Posted - 1 month ago

@RabbitTRK thanks for the details! the trend lines look a little steadier for $PMT than the once you suggested. I guess I'm curious what the catch is. For $ORC and $OXSQ at least, it looks like you're trading high dividend yield for loss of underlying asset value. $PMT looks more stable so curious if anyone knows if there is asset value loss with this as well. If nothing out of the ordinary as compares to any other stock, I only see upside.

User Image justbaseball25 Posted - 1 month ago

End of day swapped $pmt for $orc 25 for 25

User Image ztradezzz Posted - 1 month ago

$PMT this dividend seems too good to be true. what's the catch?

User Image Homie_Juan_Quenovi Posted - 08/23/24

$PMT Interest rate cuts are coming

User Image jstngill Posted - 08/22/24

@DekmarTrades hey look $PBR $SBLK and $PMT great dividend stocks

User Image ZohanCalls Posted - 2 months ago

$PMT high dividend yield long term play 11.66%

User Image WTLF Posted - 3 months ago

$TWO $MFA $CIM $PMT $DX My caution on the mREIT space here hasn't panned-out, yet... But..... The PCE inflation read on 30 Aug 24 will likely show less declaration in price levels across the economy... If the next leg down in the correction hasn't been triggered by then, this will likely be the trigger....

User Image WTLF Posted - 3 months ago

$TWO $MFA $PMT $CIM $RWT Very strong July consumer spending spending sending the 10 YR UST up 12 basis points this morning... Not so good for mREITs... I don't like the way mPEITs are not responding to good inflation reads... And now this just complicates the forward outlook for rate cuts.....

User Image WTLF Posted - 3 months ago

$MFA $PMT $CIM $RWT $DX I'm just not liking how the overall markets (and mREITs) are trading here giving two great inflation reads... It really feels like the market is heading lower over the short-term, and mREITs will be getting dragged down with them... We may see a further correction here in August, and then recover when the Fed cuts in September, clearing the way for a rally into year-end... Essentially pulling the October correction forward to August....

User Image WTLF Posted - 3 months ago

$TWO $MFA $PMT $CIM $RWT I don't like the way the entire mREIT sector really hasn't budged after two great inflation reports... Something's not right here... We should have seen more upside.....

User Image WTLF Posted - 3 months ago

$TWO $CIM $PMT $MFA $EFC Consumption powers more than 70% of US economic activity... With consumer credit nearly maxed at virtually all incomes levels except the super wealthy, and the average family budget stretched thin by inflation... Consumer spending is about to start falling precipitously for the first time in 30 years... These are very likely some of the top economic indicators Buffett is watching as he makes a big bet on declining (plunging) interest rates.... https://www.cnbc.com/2024/08/06/new-york-fed-credit-card-debt-hits-record-1point14-trillion.html

User Image WTLF Posted - 3 months ago

$TWO $PMT $CIM $MFA $EFC The weekly jobs report was hardly bullish, and when placed within the context of broader economic indicators, the macro picture is signaling a rapid deceleration in economic conditions... The economy is heading for a protracted recession, and rates are about to enter a new period of cyclical and structural decline... The Fed will very likely have to cut rates before its next meeting... If you don't believe that, listen to what Buffett is saying with his bearish portfolio positioning... He's been do this s--- for 200 years, and he knows the drill....

User Image WTLF Posted - 3 months ago

$TWO $CIM $PMT $MFA $EFC The entire residential mREITs space remain about 7% undervalued here....

User Image WTLF Posted - 3 months ago

$TWO $PMT $CIM $MFA $EFC Residential mREITs as a group are deeply undervalued given the plunge in US interest rates across the rate curve, and most notably the 10 Yr UST... Residential mREITs should start moving higher as smart money buying over-powers forced carry trade selling... The entire sector should be at least 10% higher here....

User Image DonCorleone77 Posted - 3 months ago

$PMT $LDI $RKT $TREE $COOP Mortgage rates hit lowest level in 2024, Mortgage News reports The 30-year fixed mortgage rate hit 6.40% today, the lowest level since December 2023, Matthew Graham of Mortgage News Daily reports. Companies involved in the mortgage space include PennyMac Mortgage (PMT), LoanDepot (LDI), Rocket Companies (RKT), LendingTree (TREE) and Mr. Cooper (COOP).

User Image WTLF Posted - 3 months ago

$TWO $CMTG $PMT $CIM $EFC Rates won't be going anywhere prior to November... Powell was deeply criticized for keeping rates way too low for way too long before the Fed started its aggressive rate hiking cycle... Which Powell did to help the Dems retain power and preserve his position as Fed Chair... Now Powell faces the reality that the GOP will likely be taking back the senate and White House in addition to holding the House... That means Powell, true to form, will not be cutting rates prior to the election... He simply cannot afford to appear partisan (once again) prior to an election if he plans to survive the election with his office intact... Powell is a self-serving creature of the administrative state... And that strong predisposition for self preservation is really the only thing markets can count on as a predictive factor for interest rates prior to the upcoming election... Rates won't be going anywhere prior to November...

User Image NVDAMillionaire Posted - 07/31/24

$PMT PennyMac Mortgage Investment Trust (PMT): Navigating the Evolving Mortgage Landscape with Resilience http://beyondspx.com/2024/07/27/pennymac-mortgage-investment-trust-pmt-navigating-the-evolving-mortgage-landscape-with-resilience/

User Image sam92 Posted - 07/26/24

$PMT PennyMac Mtg Invt Tr Is Maintained at Outperform by Keefe, Bruyette & Woods 07/25/2024

User Image kauthon Posted - 07/25/24

$PMT people are holding out on mortgages, going to keep buying this because people can't hold out forever.

User Image justbaseball25 Posted - 07/24/24

lol almost all the recovery in income stocks had in the last couple weeks is almost all gone. lol $ecc $oxlc $efc $pmt

User Image justbaseball25 Posted - 07/23/24

Holy fucking miss. $pmt.

User Image DonCorleone77 Posted - 07/23/24

$PMT PennyMac Mortgage reports Q2 EPS 17c, consensus 35c Reports Q2 NII $71.2M vs. $90.5M last year. "PMT's second quarter financial results reflect higher levels of income excluding market-driven value changes and income contributions from all three strategies," said CEO David Spector. "This income was partially offset by net fair value declines, predominantly in the interest rate sensitive strategies due to continued interest rate volatility during the quarter. I am pleased to note that we successfully issued $217 million of exchangeable senior notes and $355 million of term notes secured by Fannie Mae MSRs at attractive levels as we saw improvement in the credit markets during the second quarter. Given the new capital, we expect to deploy more capital to conventional correspondent production in the third quarter, driving organic growth of our MSR investments. Additionally, we will continue to monitor the markets for opportunities to deploy capital into bulk MSR packages and other investments at appropriate returns. With a diversified portfolio of mortgage-related investments with strong underlying fundamentals - and a leading correspondent production business - I remain confident in PMT's ability to continue delivering attractive risk-adjusted returns to its shareholders."

Analyst Ratings
Keefe, Bruyette & Woods Outperform Jul 25, 24
Wedbush Neutral Jul 25, 24
B. Riley Securities Buy Jul 24, 24
Piper Sandler Neutral Jul 24, 24
JMP Securities Market Outperform Jul 19, 24
Keefe, Bruyette & Woods Outperform Jul 10, 24
Piper Sandler Neutral May 9, 24
Wedbush Neutral Apr 29, 24
JMP Securities Market Outperform Apr 19, 24
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Carnahan Scott W. Director Director Dec 14 Sell 15.4 35,000 539,000 18,055 12/18/23
Lynch Catherine A. Director Director Oct 27 Buy 12.45 533 6,638 25,089 10/31/23
Lynch Catherine A. Director Director Sep 26 Buy 12.12 1,001 12,132 24,556 09/28/23
Lynch Catherine A. Director Director Aug 04 Buy 12.30 792 9,742 23,555 08/07/23
Lynch Catherine A. Director Director Jul 31 Buy 12.9139 274 3,540 22,763 08/01/23
Carnahan Scott W. Director Director Jun 27 Sell 13.2257 6,704 88,665 9,844 06/29/23
Jones Doug President & Chief Mt.. President & Chief Mtg Bkg Ofr May 22 Sell 11.7403 13,332 156,522 67,400 05/24/23
Lynch Catherine A. Director Director May 01 Buy 12.4395 256 3,180 22,489 05/03/23
Stewart Stacey D. Director Director Mar 07 Sell 13.15 668 8,784 44,967 03/09/23
Carnahan Scott W. Director Director Mar 07 Sell 13.15 1,420 18,673 16,548 03/09/23
Lynch Catherine A. Director Director Mar 03 Buy 13.10 1,575 20,632 20,233 03/07/23
Carnahan Scott W. Director Director Feb 22 Sell 13.49 1,786 24,093 9,910 02/22/23
Stewart Stacey D. Director Director Feb 21 Sell 13.88 839 11,645 37,577 02/22/23
Jones Doug President & Chief Mt.. President & Chief Mtg Bkg Ofr Feb 17 Sell 13.51 17,559 237,222 66,547 02/22/23
Sullivan Marianne Director Director Feb 07 Buy 14.13 20,240 285,991 21,940 02/08/23
Lynch Catherine A. Director Director Dec 30 Buy 12.3885 5,000 61,942 10,600 01/03/23
SPECTOR DAVID Chairman and CEO Chairman and CEO Sep 08 Buy 13.7105 20,000 274,210 232,574 09/08/22
Sullivan Marianne Director Director Feb 24 Buy 15.02 15,650 235,063 40,550 02/28/22
Carnahan Scott W. Director Director Feb 22 Sell 15.71 1,785 28,042 6,412 02/24/22
Stewart Stacey D. Director Director Feb 15 Sell 15.88 703 11,164 32,400 02/17/22
Carnahan Scott W. Director Director Feb 15 Sell 15.88 1,494 23,725 8,197 02/17/22
Sullivan Marianne Director Director Jun 08 Sell 20.43 69,961 1,429,303 06/08/21
Carnahan Scott W. Director Director Feb 17 Sell 18.91 1,494 28,252 55,817 02/17/21