B. Riley Analysts Boost Earnings Estimates for PMT

PennyMac Mortgage Investment Trust (NYSE:PMT) – Investment analysts at B. Riley upped their Q2 2026 earnings per share estimates for shares of PennyMac Mortgage Investment Trust in a research report issued to clients and investors on Sunday, October 27th. B. Riley analyst M. Howlett now expects that the real estate investment trust will post earnings of $0.45 per share for the quarter, up from their prior forecast of $0.44. B. Riley currently has a “Buy” rating and a $16.00 price target on the stock. The consensus estimate for PennyMac Mortgage Investment Trust’s current full-year earnings is $1.27 per share.

Several other equities analysts have also recently weighed in on the stock. JMP Securities lifted their price objective on shares of PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the stock a “market outperform” rating in a research report on Friday, July 19th. Piper Sandler decreased their target price on PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Wedbush reissued a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.93.

PennyMac Mortgage Investment Trust Stock Performance

PennyMac Mortgage Investment Trust stock opened at $13.80 on Wednesday. PennyMac Mortgage Investment Trust has a fifty-two week low of $12.48 and a fifty-two week high of $15.89. The firm’s 50 day simple moving average is $14.04 and its 200-day simple moving average is $13.96. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market cap of $1.20 billion, a P/E ratio of 9.20 and a beta of 1.51.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $80.86 million during the quarter, compared to analysts’ expectations of $93.75 million. PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. During the same period in the prior year, the business posted $0.51 EPS.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a yield of 11.59%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is currently 106.67%.

Insiders Place Their Bets

In other news, Director Doug Jones sold 37,010 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.01, for a total transaction of $518,510.10. Following the completion of the sale, the director now directly owns 49,114 shares in the company, valued at $688,087.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. raised its holdings in PennyMac Mortgage Investment Trust by 5.0% during the third quarter. QRG Capital Management Inc. now owns 23,036 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 1,093 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of PennyMac Mortgage Investment Trust by 4.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 56,794 shares of the real estate investment trust’s stock valued at $810,000 after acquiring an additional 2,387 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of PennyMac Mortgage Investment Trust by 93.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 64,772 shares of the real estate investment trust’s stock valued at $924,000 after acquiring an additional 31,253 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in PennyMac Mortgage Investment Trust by 1,607.2% in the 3rd quarter. International Assets Investment Management LLC now owns 367,908 shares of the real estate investment trust’s stock worth $5,246,000 after purchasing an additional 346,358 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in PennyMac Mortgage Investment Trust by 13.0% during the third quarter. Exchange Traded Concepts LLC now owns 70,100 shares of the real estate investment trust’s stock worth $1,000,000 after purchasing an additional 8,044 shares during the period. Institutional investors own 67.38% of the company’s stock.

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.