A share price of Pennymac Mortgage Investment Trust [PMT] is currently trading at $14.22, up 1.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PMT shares have gain 2.97% over the last week, with a monthly amount glided 1.86%, and seem to be holding up well over a long-time horizon.
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On 8, February 2024, PennyMac Mortgage Investment Trust Declares First Quarter 2024 Dividends for Its Preferred Shares. In a post published today on Yahoo Finance, PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2024 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PRA), its 8.000% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PRB) and its 6.750% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PRC).
From an analyst’s perspective:
Previously, UBS started tracking the stock with Neutral rating on December 06, 2023, and set its price target to $13.50. On February 17, 2023, downgrade downgraded it’s rating to Neutral. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $15 on February 07, 2023. BTIG Research upgraded its rating to a Buy but $18.50 remained the price target by the analyst firm on January 07, 2022. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on November 09, 2021, and downed its price target to $19.75. In a note dated September 09, 2021, B. Riley Securities initiated an Buy rating and provided a target price of $23 on this stock.
Pennymac Mortgage Investment Trust experienced fluctuations in its stock price throughout the past year between $10.52 and $15.89. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Pennymac Mortgage Investment Trust [NYSE: PMT] shares were valued at $14.22 at the most recent close of the market. An investor can expect a potential return of 26.58% based on the average PMT price forecast.
Analyzing the PMT fundamentals
Trailing Twelve Months sales for Pennymac Mortgage Investment Trust [NYSE:PMT] were 1.63B which represents 69.52% growth. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.8%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.11 points at the first support level, and at 14.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.31, and for the 2nd resistance point, it is at 14.40.
Pennymac Mortgage Investment Trust [PMT] reported earnings per share of $0.44 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.32/share, meaning a difference of $0.12 and a surprise factor of 37.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.51 per share as compared to estimates of $0.3 per share, a difference of $0.21 representing a surprise of 70.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 0.87 and price to earnings (TTM) ratio is 8.82.
Transactions by insiders
Recent insider trading involved Preston Paul DuFauchard, Jr., Director, that happened on Mar 04 ’24 when 4961.0 shares were sold. Director, Carnahan Scott W. completed a deal on Mar 01 ’24 to sell 8058.0 shares. Meanwhile, Director Carnahan Scott W. sold 1786.0 shares on Feb 21 ’24.
