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$15.56|
|52 Week High||US$21.53|
|52 Week Low||US$14.61|
|1 Month Change||2.71%|
|3 Month Change||-1.89%|
|1 Year Change||-17.89%|
|3 Year Change||-26.67%|
|5 Year Change||-12.58%|
|Change since IPO||-18.53%|
Recent News & Updates
PennyMac Mortgage: 11% Dividend And 20% Upside Potential
PennyMac Mortgage Investment Trust is a leader in overall loan production and the 6th largest loan servicer. The long-term outlook for new originations includes favorable trends in household formation. The company's loan servicing segment will benefit from lower prepayment rates as mortgage rates increase. The company's dividend payout is currently yielding 11%. At this rate, it would take an investor less than 10 years to recover their principal from nothing more than the dividend payments.
|PMT||US Mortgage REITs||US Market|
Return vs Industry: PMT matched the US Mortgage REITs industry which returned -18.5% over the past year.
Return vs Market: PMT underperformed the US Market which returned -8.1% over the past year.
|PMT Average Weekly Movement||3.8%|
|Mortgage REITs Industry Average Movement||4.4%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.0%|
|10% least volatile stocks in US Market||3.0%|
Stable Share Price: PMT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PMT's weekly volatility (4%) 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
12.1%Current Dividend Yield
Is PennyMac Mortgage Investment Trust undervalued compared to its fair value and its price relative to the market?
Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PMT ($15.56) is trading above our estimate of fair value ($10.44)
Significantly Below Fair Value: PMT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PMT is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.
PE vs Market: PMT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PMT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PMT's PB Ratio (0.9x) is in line with the US Mortgage REITs industry average.
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's is expected to become profitable in the next 3 years.
Revenue vs Market: PMT's revenue is expected to decline over the next 3 years (-1% per year).
High Growth Revenue: PMT's revenue is forecast to decline over the next 3 years (-1% 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
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.
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.
What is PennyMac Mortgage Investment Trust current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PMT's dividend (12.08%) is higher than the bottom 25% of dividend payers in the US market (1.51%).
High Dividend: PMT's dividend (12.08%) is in the top 25% of dividend payers in the US market (3.97%)
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.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Spector (58 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 (9.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PMT 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$1.431b
- 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||2022/05/18 00:00|
|End of Day Share Price||2022/05/18 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.