FY2025 Earnings Forecast for PennyMac Mortgage Investment Trust Issued By B. Riley (NYSE:PMT)

PennyMac Mortgage Investment Trust (NYSE:PMT) – Equities research analysts at B. Riley decreased their FY2025 EPS estimates for PennyMac Mortgage Investment Trust in a research note issued on Wednesday, July 24th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will earn $1.73 per share for the year, down from their prior forecast of $1.74. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. The consensus estimate for PennyMac Mortgage Investment Trust’s current full-year earnings is $1.43 per share. B. Riley also issued estimates for PennyMac Mortgage Investment Trust’s Q2 2026 earnings at $0.44 EPS and FY2026 earnings at $1.79 EPS.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.17). The business had revenue of $71.20 million for the quarter, compared to analyst estimates of $90.26 million. PennyMac Mortgage Investment Trust had a return on equity of 13.26% and a net margin of 47.60%. During the same period in the prior year, the company posted $0.16 EPS.

Several other brokerages have also recently weighed in on PMT. JMP Securities raised their target price on shares of PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the company a “market outperform” rating in a report on Friday, July 19th. Keefe, Bruyette & Woods upgraded shares of PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $15.00 to $15.50 in a research note on Wednesday, July 10th. Piper Sandler dropped their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wedbush reiterated a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, PennyMac Mortgage Investment Trust has an average rating of “Hold” and an average target price of $15.00.

PennyMac Mortgage Investment Trust Stock Down 7.9 %

Shares of NYSE:PMT opened at $13.32 on Thursday. The firm’s 50 day moving average price is $13.95 and its 200 day moving average price is $14.13. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 8.88 and a beta of 1.51. PennyMac Mortgage Investment Trust has a fifty-two week low of $10.52 and a fifty-two week high of $15.89. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.37.

Institutional Investors Weigh In On PennyMac Mortgage Investment Trust

Several hedge funds have recently modified their holdings of PMT. Norges Bank acquired a new stake in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $9,781,000. International Assets Investment Management LLC lifted its holdings in PennyMac Mortgage Investment Trust by 1,307.8% in the fourth quarter. International Assets Investment Management LLC now owns 325,910 shares of the real estate investment trust’s stock valued at $4,872,000 after acquiring an additional 302,760 shares during the period. Jane Street Group LLC lifted its holdings in PennyMac Mortgage Investment Trust by 124.7% in the first quarter. Jane Street Group LLC now owns 291,367 shares of the real estate investment trust’s stock valued at $4,277,000 after acquiring an additional 161,723 shares during the period. Advisors Preferred LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter worth $2,105,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of PennyMac Mortgage Investment Trust by 173.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 155,309 shares of the real estate investment trust’s stock worth $2,280,000 after buying an additional 98,500 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.01%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 106.67%.

PennyMac Mortgage Investment Trust Company Profile

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.