PennyMac Mortgage Investment Trust - PMT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $15.00
  • Forecasted Upside: 3.66%
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$14.47
▲ +0.13 (0.91%)

This chart shows the closing price for PMT by one month, three months, or twelve months.

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Analyst Price Target for PMT

Analyst Price Target is $15.00
▲ +3.66% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for PennyMac Mortgage Investment Trust in the last 3 months. The average price target is $15.00, with a high forecast of $16.00 and a low forecast of $13.50. The average price target represents a 3.66% upside from the last price of $14.47.

This chart shows the closing price for PMT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 7 investment analysts is to hold stock in PennyMac Mortgage Investment Trust. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
1/22/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
4/22/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
7/21/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
10/19/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
1/17/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
4/16/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
6/15/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
7/15/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
7/10/2024Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform$15.00 ➝ $15.50Low
5/9/2024Piper SandlerReiterated RatingNeutral ➝ Neutral$14.50 ➝ $15.00Low
4/29/2024WedbushReiterated RatingNeutral ➝ Neutral$15.00Low
4/18/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$15.00Low
2/7/2024B. RileyBoost TargetBuy ➝ Buy$15.00 ➝ $16.00Low
1/10/2024Deutsche Bank AktiengesellschaftInitiated CoverageHold$15.00Low
12/6/2023UBS GroupInitiated CoverageNeutral$13.50Low
10/30/2023WedbushBoost TargetNeutral ➝ Neutral$13.00 ➝ $14.00Low
8/8/2023B. RileyLower Target$16.00 ➝ $15.00Low
7/28/2023Piper SandlerLower Target$15.00 ➝ $14.00Low
7/21/2023JMP SecuritiesBoost TargetOutperform$12.50 ➝ $15.00Low
5/2/2023Piper SandlerLower Target$15.00 ➝ $14.50Low
5/1/2023WedbushReiterated RatingNeutralLow
4/21/2023JMP SecuritiesLower TargetOutperform$15.00 ➝ $12.50Low
2/17/2023BTIG ResearchDowngradeBuy ➝ NeutralLow
2/6/2023Piper SandlerDowngradeOverweight ➝ Neutral$16.00 ➝ $15.00Low
1/6/2023BarclaysLower Target$18.00 ➝ $14.00Low
12/12/2022BTIG ResearchLower Target$16.00Low
11/30/2022JonestradingDowngradeBuy ➝ HoldLow
11/21/2022B. RileyBoost Target$15.00 ➝ $16.00Low
10/25/2022B. RileyLower TargetBuy$18.00 ➝ $15.00Low
10/20/2022JMP SecuritiesLower TargetMarket Outperform$16.00 ➝ $15.00Low
10/13/2022Credit Suisse GroupLower Target$15.00Low
9/30/2022Piper SandlerLower TargetOverweight$18.00 ➝ $15.50Low
8/22/2022Credit Suisse GroupLower Target$16.00Low
7/22/2022Credit Suisse GroupLower Target$16.50Low
7/1/2022B. RileyLower TargetBuy$21.00 ➝ $18.00Low
6/28/2022Piper SandlerLower TargetOverweight$18.00 ➝ $17.00Low
5/19/2022Credit Suisse GroupLower TargetNeutral$17.00Low
5/6/2022JonestradingLower Target$18.50 ➝ $18.00Low
4/26/2022JMP SecuritiesLower TargetMarket Outperform$22.00 ➝ $18.00Medium
4/5/2022Piper SandlerLower TargetOverweight$19.00 ➝ $18.50Medium
1/10/2022BarclaysLower Target$19.00 ➝ $18.00Low
1/7/2022JonestradingInitiated CoverageBuy$20.50Low
1/7/2022BTIG ResearchUpgradeNeutral ➝ Buy$18.50Low
1/5/2022Piper SandlerLower TargetOverweight ➝ Overweight$21.00 ➝ $20.00Medium
12/9/2021B. RileyLower TargetBuy ➝ Buy$23.00 ➝ $22.00Low
11/9/2021Keefe, Bruyette & WoodsDowngradeOutperform ➝ Market Perform$21.00 ➝ $19.75High
10/18/2021JMP SecuritiesBoost TargetMarket Outperform$20.50 ➝ $22.00Low
9/9/2021B. RileyInitiated CoverageBuy$23.00High
6/20/2021BTIG ResearchReiterated RatingHoldLow
6/7/2021BarclaysBoost TargetEqual Weight$18.00 ➝ $19.00High
5/13/2021Wells Fargo & CompanyBoost TargetEqual Weight$19.00 ➝ $20.00Low
4/23/2021BTIG ResearchReiterated RatingHoldMedium
12/18/2020Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform$20.00High
11/25/2020Bank of AmericaBoost TargetNeutral$18.00 ➝ $18.50Low
11/23/2020BTIG ResearchInitiated CoverageNeutralMedium
10/9/2020BarclaysBoost TargetEqual Weight$16.00 ➝ $17.00Low
10/7/2020Credit Suisse GroupReiterated RatingBuyLow
9/23/2020Credit Suisse GroupReiterated RatingBuyLow
9/8/2020Credit Suisse GroupReiterated RatingBuyLow
8/10/2020Credit Suisse GroupReiterated RatingBuy$22.00Low
7/6/2020Credit Suisse GroupBoost TargetOutperform$19.00 ➝ $22.00Low
6/23/2020Deutsche Bank AktiengesellschaftBoost Target$12.50 ➝ $19.00Medium
6/15/2020Credit Suisse GroupBoost TargetOutperform$16.00 ➝ $19.00High
6/10/2020Piper SandlerBoost Target$15.00 ➝ $22.00Medium
5/20/2020CSFBBoost TargetOutperform$14.00 ➝ $16.00High
5/20/2020Credit Suisse GroupBoost TargetOutperform$14.00 ➝ $16.00High
5/15/2020Deutsche Bank AktiengesellschaftLower TargetBuy$24.50 ➝ $12.50High
5/8/2020Credit Suisse GroupReiterated RatingBuy$14.00Low
4/28/2020Bank of AmericaDowngradeBuy ➝ NeutralMedium
2/9/2020Nomura SecuritiesReiterated RatingBuy$24.00Low
12/2/2019Compass PointInitiated CoverageNeutral$22.50Medium
10/11/2019Deutsche Bank AktiengesellschaftInitiated CoverageBuy$24.00Low
9/23/2019Bank of AmericaInitiated CoverageBuy$23.00Low
7/26/2019WedbushReiterated RatingNeutralHigh
(Data available from 7/16/2019 forward)

News Sentiment Rating

1.56 (Strong Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/18/2023
  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/17/2024
  • 20 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/16/2024
  • 5 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/17/2024
  • 4 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/16/2024
  • 16 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/16/2024
  • 8 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/15/2024
  • 8 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/15/2024

Current Sentiment

  • 8 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

  • No positive mentions tracked during this time.
PennyMac Mortgage Investment Trust logo
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.
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Today's Range

Now: $14.47
Low: $14.23
High: $14.53

50 Day Range

MA: $14.00
Low: $13.41
High: $15.17

52 Week Range

Now: $14.47
Low: $10.52
High: $15.89

Volume

1,002,858 shs

Average Volume

717,011 shs

Market Capitalization

$1.26 billion

P/E Ratio

9.65

Dividend Yield

10.94%

Beta

1.51

Frequently Asked Questions

What sell-side analysts currently cover shares of PennyMac Mortgage Investment Trust?

The following Wall Street sell-side analysts have issued reports on PennyMac Mortgage Investment Trust in the last year: B. Riley, Deutsche Bank Aktiengesellschaft, JMP Securities, Keefe, Bruyette & Woods, Piper Sandler, StockNews.com, UBS Group AG, and Wedbush.
View the latest analyst ratings for PMT.

What is the current price target for PennyMac Mortgage Investment Trust?

7 Wall Street analysts have set twelve-month price targets for PennyMac Mortgage Investment Trust in the last year. Their average twelve-month price target is $15.00, suggesting a possible upside of 3.7%. B. Riley has the highest price target set, predicting PMT will reach $16.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $13.50 for PennyMac Mortgage Investment Trust in the next year.
View the latest price targets for PMT.

What is the current consensus analyst rating for PennyMac Mortgage Investment Trust?

PennyMac Mortgage Investment Trust currently has 4 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PMT, but not buy more shares or sell existing shares.
View the latest ratings for PMT.

What other companies compete with PennyMac Mortgage Investment Trust?

How do I contact PennyMac Mortgage Investment Trust's investor relations team?

PennyMac Mortgage Investment Trust's physical mailing address is 3043 Townsgate Road, Westlake Village CA, 91361. The real estate investment trust's listed phone number is (818) 224-7028 and its investor relations email address is [email protected]. The official website for PennyMac Mortgage Investment Trust is www.pennymacmortgageinvestmenttrust.com. Learn More about contacing PennyMac Mortgage Investment Trust investor relations.