Symbols / PMT Stock $10.50 +2.04% PennyMac Mortgage Investment Trust

Real Estate • REIT - Mortgage • United States • NYQ
PMT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Mortgage
CEO Mr. David A. Spector
Exch · Country NYQ · United States
Market Cap 915.62M
Enterprise Value 21.52B
Income 100.81M
Sales 675.55M
FCF (ttm) —
Book/sh 15.47
Cash/sh 3.08
Employees —
Insider 10d —
IPO Jul 30, 2009
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 137.93%
P/E 9.05
Forward P/E 6.59
PEG 0.76
P/S 1.36
P/B 0.68
P/C —
EV/EBITDA —
EV/Sales 31.85
Quick Ratio 1.48
Current Ratio 1.96
Debt/Eq 1,090.07
LT Debt/Eq —
EPS (ttm) 1.16
EPS next Y 1.59
EPS Growth —
Revenue Growth -24.10%
EPS Gr Q/Q 154.30%
Rev Gr Q/Q —
Earnings (next) 2026-07-21
Earnings (prior) 2026-05-05
ROA 0.76%
ROE 7.58%
ROIC —
Gross Margin 82.05%
Oper. Margin 18.75%
Profit Margin 21.14%
Shs Outstand 87.20M
Shs Float 72.36M
Insider Own 1.18%
Instit Own 81.21%
Short Float 6.20%
Short Ratio 3.91
Short Interest 4.46M
52W High 13.81
vs 52W High -23.97%
52W Low 10.23
vs 52W Low 2.64%
Beta 1.18
Impl. Vol. 50.88%
Rel Volume 0.52
Avg Volume 1.10M
Volume 577.50K
Target (mean) $12.79
Tgt Median $12.50
Tgt Low $12.00
Tgt High $15.00
# Analysts 7
Recom Hold
Prev Close $10.29
Price $10.50
Change 2.04%
About

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate and credit-linked mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, agency and senior non-agency MBS, and collateralized mortgage obligations (CMOs), as well as interest rate hedging activities. The Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit quality loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored enterprises. It has elected to be taxed as a real estate investment trust (REIT). It is not subject to U.S. federal income tax on the REIT taxable income it distributes to its shareholders. PennyMac Mortgage Investment Trust was incorporated in 2009 and is headquartered in Westlake Village, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$12.79
Mean price target
2. Current target
$10.50
Latest analyst target
3. DCF / Fair value
$17.40
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$10.50
Low
$12.00
High
$15.00
Mean
$12.79

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-08 down Keefe, Bruyette & Woods Outperform → Market Perform $12
2026-05-07 main Wells Fargo Equal-Weight → Equal-Weight $12
2026-04-02 main Piper Sandler Neutral → Neutral $13
2026-01-22 main Citizens Market Outperform → Market Outperform $15
2025-12-18 up Keefe, Bruyette & Woods Market Perform → Outperform $14
2025-10-24 main UBS Neutral → Neutral $14
2025-07-25 down Keefe, Bruyette & Woods Outperform → Market Perform $14
2025-05-02 main Wells Fargo Equal-Weight → Equal-Weight $13
2025-04-24 reit Jones Trading Hold → Hold —
2025-04-24 main Keefe, Bruyette & Woods Outperform → Outperform $15
2025-04-16 main UBS Neutral → Neutral $13
2025-01-23 reit JMP Securities Market Outperform → Market Outperform $16
2024-10-24 reit Wedbush Neutral → Neutral $15
2024-07-25 main Keefe, Bruyette & Woods Outperform → Outperform $15
2024-07-25 reit Wedbush Neutral → Neutral $15
2024-07-24 reit B. Riley Securities Buy → Buy $16
2024-07-24 main Piper Sandler Neutral → Neutral $15
2024-07-19 main JMP Securities Market Outperform → Market Outperform $16
2024-07-10 up Keefe, Bruyette & Woods Market Perform → Outperform $16
2024-05-09 reit Piper Sandler Neutral → Neutral $15
News
RSS: Latest PMT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-23 JONES DOUGLAS President — 37,037 $0.00 $0
2026-02-23 MCALLISTER NANCY Director — 10,699 $0.00 $0
2026-02-23 DUFAUCHARD PRESTON PAUL JR Director — 10,699 $0.00 $0
2026-02-23 PEROTTI DANIEL STANLEY Chief Financial Officer — 18,518 $0.00 $0
2026-02-23 LYNCH CATHERINE A Director — 10,699 $0.00 $0
2026-02-23 POURAGHABAGHER SETAREH Director — 10,699 $0.00 $0
2026-02-23 CORLEY DONNA M Director — 10,699 $0.00 $0
2026-02-23 ELBAUM MARK Officer — 18,518 $0.00 $0
2026-02-23 STARK DEREK Officer — 11,111 $0.00 $0
2026-02-23 SCHULTZ RENEE Director — 10,699 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
158.07
-13.87%
183.53
-34.43%
279.90
+171.47%
103.11
Operating Revenue
158.07
-13.87%
183.53
-34.43%
279.90
+171.47%
103.11
Selling General And Administration
11.89
+111.95%
5.61
-21.08%
7.11
+19.61%
5.94
General And Administrative Expense
11.89
+111.95%
5.61
-21.08%
7.11
+19.61%
5.94
Salaries And Wages
11.89
+111.95%
5.61
-21.08%
7.11
+19.61%
5.94
Total Unusual Items
-0.06
+85.35%
-0.44
-134.95%
-0.19
-137.50%
0.50
Total Unusual Items Excluding Goodwill
-0.06
+85.35%
-0.44
-134.95%
-0.19
-137.50%
0.50
Net Income
127.87
-20.57%
160.98
-19.37%
199.65
+372.43%
-73.29
Pretax Income
93.82
-34.23%
142.65
-41.63%
244.40
+287.39%
63.09
Net Interest Income
-19.48
+75.46%
-79.40
+17.35%
-96.06
-13.56%
-84.59
Interest Expense
870.39
+21.79%
714.66
-2.90%
735.97
+79.32%
410.42
Interest Income
850.91
+33.95%
635.26
-0.73%
639.91
+96.39%
325.83
Gain On Sale Of Security
196.96
+270.51%
53.16
-69.59%
174.81
+127.29%
-640.53
Tax Provision
-34.05
-85.72%
-18.34
-140.98%
44.74
-67.19%
136.37
Tax Rate For Calcs
0.00
+0.00%
0.00
+14.71%
0.00
-12.82%
0.00
Tax Effect Of Unusual Items
-0.01
+85.35%
-0.09
-169.51%
-0.03
-132.69%
0.10
Net Income Including Noncontrolling Interests
127.87
-20.57%
160.98
-19.37%
199.65
+372.43%
-73.29
Net Income From Continuing Operation Net Minority Interest
127.87
-20.57%
160.98
-19.37%
199.65
+372.43%
-73.29
Net Income From Continuing And Discontinued Operation
127.87
-20.57%
160.98
-19.37%
199.65
+372.43%
-73.29
Net Income Continuous Operations
127.87
-20.57%
160.98
-19.37%
199.65
+372.43%
-73.29
Normalized Income
127.92
-20.71%
161.33
-19.26%
199.81
+371.18%
-73.68
Net Income Common Stockholders
85.91
-27.66%
118.75
-24.55%
157.38
+236.25%
-115.51
Otherunder Preferred Stock Dividend
0.15
-64.51%
0.42
-8.15%
0.45
+11.55%
0.41
Diluted EPS
0.99
-27.74%
1.37
-15.95%
1.63
+229.37%
-1.26
Basic EPS
0.99
-27.74%
1.37
-23.89%
1.80
+242.86%
-1.26
Basic Average Shares
86.99
+0.20%
86.81
-0.64%
87.37
-4.44%
91.43
Diluted Average Shares
86.99
+0.20%
86.81
-22.28%
111.70
+22.16%
91.43
Diluted NI Availto Com Stockholders
85.91
-27.66%
118.75
-34.89%
182.39
+257.90%
-115.51
Average Dilution Earnings
0.00
0.00
-100.00%
25.01
0.00
Other Non Interest Expense
14.59
-35.12%
22.49
+8.26%
20.77
-15.24%
24.51
Preferred Stock Dividends
41.82
+0.00%
41.82
+0.00%
41.82
+0.00%
41.82
Professional Expense And Contract Services Expense
37.77
+195.59%
12.78
+67.68%
7.62
-20.36%
9.57
Line Item Trend 2023-12-31
Total Assets
13,113.89
Cash And Cash Equivalents
1,490.58
Cash Financial
281.08
Other Short Term Investments
128.34
Receivables
65.48
Accounts Receivable
51.91
Other Receivables
13.51
Prepaid Assets
206.15
Goodwill And Other Intangible Assets
3,919.11
Other Intangible Assets
3,919.11
Investments And Advances
4,964.63
Total Liabilities Net Minority Interest
11,156.80
Payables And Accrued Expenses
606.92
Payables
606.92
Accounts Payable
387.66
Other Payable
—
Total Tax Payable
190.00
Income Tax Payable
190.00
Long Term Debt And Capital Lease Obligation
4,847.79
Long Term Debt
4,847.79
Long Term Provisions
26.14
Stockholders Equity
1,957.09
Common Stock Equity
1,415.61
Capital Stock
542.35
Common Stock
0.87
Preferred Stock
541.48
Share Issued
86.62
Ordinary Shares Number
86.62
Treasury Shares Number
0.00
Additional Paid In Capital
1,923.44
Retained Earnings
-508.69
Total Equity Gross Minority Interest
1,957.09
Total Capitalization
6,804.88
Invested Capital
6,263.40
Total Debt
4,847.79
Net Debt
3,357.21
Net Tangible Assets
-1,962.02
Tangible Book Value
-2,503.50
Available For Sale Securities
4,836.29
Cash Cash Equivalents And Federal Funds Sold
1,490.58
Derivative Product Liabilities
51.38
Preferred Shares Number
22.40
Preferred Stock Equity
541.48
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-7,213.23
-166.87%
-2,702.88
-301.68%
1,340.17
-24.90%
1,784.47
Cash Flow From Continuing Operating Activities
-7,213.23
-166.87%
-2,702.88
-301.68%
1,340.17
-24.90%
1,784.47
Net Income From Continuing Operations
127.87
-20.57%
160.98
-19.37%
199.65
+372.43%
-73.29
Other Non Cash Items
-7,174.29
-228.58%
-2,183.39
-293.70%
1,127.18
+14.57%
983.85
Stock Based Compensation
3.87
+11.10%
3.48
-33.16%
5.21
+20.77%
4.31
Operating Gains Losses
-92.38
-199.94%
92.43
+173.84%
-125.18
-114.94%
837.97
Change In Working Capital
-46.72
+93.80%
-753.08
-663.40%
133.67
+222.53%
41.44
Change In Receivables
-3.08
+80.67%
-15.96
-555.45%
3.50
-71.73%
12.39
Change In Prepaid Assets
8.03
-92.04%
100.88
+1230.48%
-8.92
-227.87%
6.98
Change In Payables And Accrued Expense
-20.69
+91.43%
-241.32
-207.17%
225.17
+6.40%
211.62
Change In Payable
-20.69
+91.43%
-241.32
-207.17%
225.17
+6.40%
211.62
Change In Account Payable
28.78
+113.32%
-216.12
-211.37%
194.06
+165.25%
73.16
Change In Other Current Assets
-30.98
+94.81%
-596.69
-593.13%
-86.09
+54.58%
-189.55
Investing Cash Flow
429.67
-68.42%
1,360.40
+6361.60%
-21.73
+98.84%
-1,867.47
Cash Flow From Continuing Investing Activities
429.67
-68.42%
1,360.40
+6361.60%
-21.73
+98.84%
-1,867.47
Capital Expenditure
—
-29.26
-99.99%
-14.63
—
Net Investment Purchase And Sale
-273.13
-131.58%
864.87
+1552.56%
-59.54
+97.54%
-2,418.68
Purchase Of Investment
-1,029.78
-58.61%
-649.24
+79.53%
-3,172.19
+16.57%
-3,802.36
Sale Of Investment
756.65
-50.03%
1,514.11
-51.36%
3,112.65
+124.95%
1,383.69
Net Intangibles Purchase And Sale
0.00
+100.00%
-29.26
-99.99%
-14.63
0.00
Purchase Of Intangibles
0.00
+100.00%
-29.26
-99.99%
-14.63
0.00
Net Other Investing Changes
0.36
-72.73%
1.31
-74.53%
5.14
-34.90%
7.89
Financing Cash Flow
6,717.84
+380.16%
1,399.10
+221.74%
-1,149.23
-945.73%
135.89
Cash Flow From Continuing Financing Activities
6,717.84
+380.16%
1,399.10
+221.74%
-1,149.23
-945.73%
135.89
Net Issuance Payments Of Debt
5,402.35
+638.13%
731.90
+991.38%
67.06
-86.85%
509.84
Issuance Of Debt
7,764.78
+64.19%
4,729.20
+58.68%
2,980.32
-41.22%
5,070.29
Repayment Of Debt
-2,362.42
+40.90%
-3,997.30
-37.21%
-2,913.26
+36.12%
-4,560.45
Long Term Debt Issuance
7,764.78
+64.19%
4,729.20
+58.68%
2,980.32
-41.22%
5,070.29
Long Term Debt Payments
-2,362.42
+40.90%
-3,997.30
-37.21%
-2,913.26
+36.12%
-4,560.45
Net Long Term Debt Issuance
5,402.35
+638.13%
731.90
+991.38%
67.06
-86.85%
509.84
Net Common Stock Issuance
0.00
0.00
+100.00%
-28.49
+67.62%
-87.99
Common Stock Payments
0.00
0.00
+100.00%
-28.49
+67.62%
-87.99
Common Stock Dividend Paid
-139.37
-0.05%
-139.30
+0.94%
-140.62
+18.97%
-173.55
Cash Dividends Paid
-181.19
-0.04%
-181.12
+0.72%
-182.44
+15.29%
-215.37
Repurchase Of Capital Stock
0.00
0.00
+100.00%
-28.49
+67.62%
-87.99
Net Other Financing Charges
-17.07
+48.74%
-33.29
-129.07%
-14.53
+1.08%
-14.69
Changes In Cash
-65.72
-216.10%
56.61
-66.55%
169.22
+219.99%
52.88
Beginning Cash Position
337.69
+20.14%
281.08
+151.27%
111.87
+89.66%
58.98
End Cash Position
271.97
-19.46%
337.69
+20.14%
281.08
+151.27%
111.87
Free Cash Flow
-7,213.23
-164.01%
-2,732.15
-306.12%
1,325.54
-25.72%
1,784.47
Interest Paid Supplemental Data
850.62
+19.52%
711.69
-0.93%
718.36
+94.85%
368.67
Income Tax Paid Supplemental Data
2.33
-70.14%
7.81
+19.78%
6.52
—
Change In Income Tax Payable
-36.38
-39.18%
-26.14
-168.39%
38.23
-73.12%
142.18
Change In Tax Payable
-36.38
-39.18%
-26.14
-168.39%
38.23
-73.12%
142.18
Common Stock Issuance
—
—
—
0.00
Dividends Received CFI
151.54
-4.00%
157.85
-12.58%
180.57
-62.25%
478.39
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Dividend Paid
-41.82
+0.00%
-41.82
0.00%
-41.82
+0.00%
-41.82
Preferred Stock Issuance
—
—
0.00
0.00
Sale Of Intangibles
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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