PMT Stock Overview
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States.
PennyMac Mortgage Investment Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.34|
|52 Week High||US$21.11|
|52 Week Low||US$11.64|
|1 Month Change||-11.92%|
|3 Month Change||-15.40%|
|1 Year Change||-31.71%|
|3 Year Change||-35.29%|
|5 Year Change||-21.43%|
|Change since IPO||-24.92%|
Recent News & Updates
PennyMac Mortgage: Bearish Earnings Trend And Price Action, But Improving Profit Outlook
U.S. small-cap stocks have been a huge laggard in the last year and decade. One small-cap REIT stock boasts a massive dividend yield, but its earnings history and technical price trends warrant caution. Investors should grab that yield only if shares rise above and hold $15.
|PMT||US Mortgage REITs||US Market|
Return vs Industry: PMT underperformed the US Mortgage REITs industry which returned -29.5% over the past year.
Return vs Market: PMT underperformed the US Market which returned -21.7% over the past year.
|PMT Average Weekly Movement||6.2%|
|Mortgage REITs Industry Average Movement||5.7%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: PMT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: PMT's weekly volatility (6%) has been stable over the past year.
About the Company
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company’s Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities.
PennyMac Mortgage Investment Trust Fundamentals Summary
|PMT fundamental statistics|
Is PMT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PMT income statement (TTM)|
|Cost of Revenue||US$259.97m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.75|
|Net Profit Margin||-11.31%|
How did PMT perform over the long term?See historical performance and comparison
13.1%Current Dividend Yield
Does PMT pay a reliable dividends?See PMT dividend history and benchmarks
|PennyMac Mortgage Investment Trust dividend dates|
|Ex Dividend Date||Jul 13 2022|
|Dividend Pay Date||Jul 28 2022|
|Days until Ex dividend||11 days|
|Days until Dividend pay date||26 days|
Does PMT pay a reliable dividends?See PMT dividend history and benchmarks
Is PMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PMT?
Other financial metrics that can be useful for relative valuation.
|What is PMT's n/a Ratio?|
Price to Book Ratio vs Peers
How does PMT's PB Ratio compare to its peers?
|PMT PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
MFA MFA Financial
ARI Apollo Commercial Real Estate Finance
TWO Two Harbors Investment
KREF KKR Real Estate Finance Trust
PMT PennyMac Mortgage Investment Trust
Price-To-Book vs Peers: PMT is expensive based on its Price-To-Book Ratio (0.8x) compared to the peer average (0.7x).
Price to Earnings Ratio vs Industry
How does PMT's PE Ratio compare vs other companies in the US Mortgage REITs Industry?
Price-To-Book vs Industry: PMT is expensive based on its Price-To-Book Ratio (0.8x) compared to the US Mortgage REITs industry average (0.8x)
Price to Book Ratio vs Fair Ratio
What is PMT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.8x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate PMT's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of PMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PMT ($14.34) is trading above our estimate of fair value ($10.24)
Significantly Below Fair Value: PMT is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PMT's PEG Ratio to determine if it is good value.
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How is PennyMac Mortgage Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PMT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: PMT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PMT is expected to become profitable in the next 3 years.
Revenue vs Market: PMT's revenue (1.2% per year) is forecast to grow slower than the US market (8.2% per year).
High Growth Revenue: PMT's revenue (1.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PMT's Return on Equity is forecast to be high in 3 years time
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How has PennyMac Mortgage Investment Trust performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PMT is currently unprofitable.
Growing Profit Margin: PMT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PMT is unprofitable, but has reduced losses over the past 5 years at a rate of 0.3% per year.
Accelerating Growth: Unable to compare PMT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PMT is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (5.4%).
Return on Equity
High ROE: PMT has a negative Return on Equity (-1.52%), as it is currently unprofitable.
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How is PennyMac Mortgage Investment Trust's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PMT's short term assets ($5.5B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: PMT's short term assets ($5.5B) exceed its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: PMT's net debt to equity ratio (435.1%) is considered high.
Reducing Debt: PMT's debt to equity ratio has increased from 303% to 447% over the past 5 years.
Debt Coverage: PMT's debt is not well covered by operating cash flow (8%).
Interest Coverage: Insufficient data to determine if PMT's interest payments on its debt are well covered by EBIT.
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What is PennyMac Mortgage Investment Trust current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PMT's dividend (13.11%) is higher than the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: PMT's dividend (13.11%) is in the top 25% of dividend payers in the US market (4.3%)
Stability and Growth of Payments
Stable Dividend: PMT's dividend payments have been volatile in the past 10 years.
Growing Dividend: PMT's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: PMT is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (21.7%), PMT's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Spector (59 yo)
Mr. David A. Spector has been the Chief Executive Officer of PennyMac Financial Services, Inc. since January 1, 2017. He served as President at PennyMac Financial Services, Inc. since February 2013 to Febr...
Experienced Management: PMT's management team is considered experienced (4 years average tenure).
Experienced Board: PMT's board of directors are considered experienced (9.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PennyMac Mortgage Investment Trust's employee growth, exchange listings and data sources
- Name: PennyMac Mortgage Investment Trust
- Ticker: PMT
- Exchange: NYSE
- Founded: 2009
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$1.319b
- Shares outstanding: 91.95m
- Website: https://www.pennymacmortgageinvestmenttrust.com
Number of Employees
- PennyMac Mortgage Investment Trust
- 3043 Townsgate Road
- Westlake Village
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.