PMT

PennyMac Mortgage Investment Trust [PMT] Stock Forecast

Q: What is PennyMac Mortgage Investment Trust stock symbol ?

PennyMac Mortgage Investment Trust is a US stock, located in Westlake village of Ca and trading under the symbol PMT

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PMT Stock Summary

Earnings have grown 1317.8% per last year.

EPS has increased from the previous year and become positive (Yearly statements)

PMT's dividend payments are well covered by cash flows with cash payout ratio of 69.44%.

Has a high level of debt. Debt-to-Equity ratio of 5.35 is considered high.

Earnings are expected to fall -67.43% next year

PMT has less than 1 year of cash runway

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In the News

06:17 16 Apr 2024 PMT

More 9% Dividend Yields Again? I'm Also Buying This One

We're starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.

10:20 16 Apr 2024 PMT

9% Yield I Just Added To My Portfolio

ARMOUR Residential REIT has not filed their 10-K report on time, but preliminary results suggest positive performance for other mortgage REITs.

05:50 16 Apr 2024 PMT

13% Dividend Yield And 39% Upside

Despite huge dividend yields, this sector is getting hammered. Shares could achieve this upside even without trading at Net Asset Value. Another peer already saw a similar recovery.

10:52 16 Apr 2024 PMT

More Pain For High Dividend REITs

Mortgage REITs are not buy-and-hold investments and investors who focus solely on dividends are getting burned. Preferred shares offer better performance and stability compared to common shares in mortgage REITs. Equity REITs are also being negatively impacted, with investors seeking higher yields elsewhere.

05:45 16 Apr 2024 PMT

Annaly: The Real Spread And Why You Should Buy After The Next Cut

10:11 16 Apr 2024 PMT

PennyMac Mortgage Investment Trust (PMT) Q4 2023 Earnings Call Transcript

07:15 16 Apr 2024 PMT

Sweet Fantasy For High Dividend Yield Buyers

High yield investors are focused on maintaining income. Many don't understand the scenario that would best support their income. We'll walk through the scenario for one popular kind of high yield investment.

11:07 16 Apr 2024 PMT

PennyMac Mortgage (PMT) to Report Q4 Results: Wall Street Expects Earnings Growth

PennyMac Mortgage (PMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

07:28 16 Apr 2024 PMT

Rates Plunge, High Yields At Risk

Some agency mortgage REITs have high price-to-trailing-book ratios, while others do not. Q4 2023 has been a favorable quarter for the sector, with MBS outperforming Treasuries and swaps. One in particular has a high price-to-book ratio. The price-to-current-book isn't nearly as bad, but it is still materially higher than peers.

12:00 16 Apr 2024 PMT

Preferreds Weekly Review: AAIC Delists Its Bonds

We take a look at the action in preferreds and baby bonds through the third week of December and highlight some of the key themes we are watching. Preferreds rallied as Treasury yields fell, bringing year-to-date total return to around 9%. AAIC announced plans to delist and deregister its two baby bonds, citing compliance costs outweighing benefits.

PMT Financial details

Company Rating

Buy

Market Cap

1.17B

Income

199.65M

Revenue

609.78M

Book val./share

22.58

Cash/share

4.72

Dividend

1.6

Dividend %

10.7%

Employees

Optionable

Shortable

Yes

Earnings

25 Apr 2024

P/E

8.57

Forward P/E

9.21

PEG

-0.26

P/S

11.75

P/B

0.67

P/C

2.83

P/FCF

1.03

Quick Ratio

0.54

Current Ratio

0.13

Debt / Equity

5.35

LT Debt / Equity

EPS (TTM)

1.8

EPS next Y

1.45

EPS next Q

0.33

EPS this Y

-325%

EPS next Y

-19.37%

EPS next 5Y

-8.23%

EPS last 5Y

-6.66%

Revenue last 5Y

45.63%

Revenue Q/Q

14859.2%

EPS Q/Q

-16.95%

SMA20

-1.05%

SMA50

-4.02%

SMA100

2.55%

Inst Own

51.27%

Inst Trans

0.79%

ROA

ROE

ROC

0.01%

Gross Margin

11%

Oper. Margin

87%

Profit Margin

137%

Payout

96%

Shs Outstand

86.65M

Shs Float

85.39M

Target Price

52W Range

10.52-15.89

52W High

-10.93%

52W Low

+33.6%

RSI

32.86

Rel Volume

0.93

Avg Volume

641.48K

Volume

594.1K

Perf Week

-6.31%

Perf Month

-6.44%

Perf Quarter

21.23%

Perf Half Y

13.8%

Beta

1.432

Volatility

0.47%, 0.31%

Prev Close

-1.4%

Price

13.36

Change

-1.91%

PMT Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-12-31

Metric	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	2.83	1.09	0.85	1.13	16.73
Net income per share	2.87	0.53	0.58	-0.8	2.29
Operating cash flow per share	-37.79	6.76	-28.95	19.52	15.34
Free cash flow per share	-37.79	6.76	-28.95	19.52	15.17
Cash per share	27.4	30.03	19.83	18.48	4.69
Book value per share	31.03	23.11	24.31	21.47	22.4
Tangible book value per share	11.59	5.45	-5.39	-22.42	-22.46
Share holders equity per share	31.03	23.11	24.31	21.47	22.4
Interest debt per share	122.63	44.97	74.65	87.27	128.28
Market cap	1.76B	1.75B	1.69B	1.13B	1.31B
Enterprise value	2.07B	1.16B	4.42B	4.46B	11.5B
P/E ratio	7.78	33.38	29.69	-15.46	6.54
Price to sales ratio	7.89	16.09	20.38	10.99	0.89
POCF ratio	-0.59	2.6	-0.6	0.63	0.97
PFCF ratio	-0.59	2.6	-0.6	0.63	0.99
P/B Ratio	0.72	0.76	0.71	0.58	0.67
PTB ratio	0.72	0.76	0.71	0.58	0.67
EV to sales	9.27	10.72	53.34	43.27	7.87
Enterprise value over EBITDA	3.6	14.6	98.93	81.64	-458.56
EV to operating cash flow	-0.69	1.73	-1.57	2.5	8.58
EV to free cash flow	-0.69	1.73	-1.57	2.5	8.67
Earnings yield	0.13	0.03	0.03	-0.06	0.15
Free cash flow yield	-1.7	0.38	-1.67	1.58	1.01
Debt to equity	3.83	1.83	2.94	3.86	5.35
Debt to assets	0.8	0.36	0.51	0.54	0.8
Net debt to EBITDA	0.54	-7.32	61.14	60.91	-406.46
Current ratio	25.74	25.03	20.26	0.12	0.11
Interest coverage	0.64	0.29	0.15	0.12	1.33
Income quality	-13.19	12.82	-49.6	-24.35	6.71
Dividend Yield	0.09	0.1	0.13	0.19	0.14
Payout ratio	0.73	3.37	3.77	-2.94	0.91
Sales general and administrative to revenue	0.03	0.04	0.05	0.06	0
Research and developement to revenue	0.01	0.01	0.02	0.02	0
Intangibles to total assets	0.13	0.15	0.21	0.29	0.3
Capex to operating cash flow	0	0	0	0	-0.01
Capex to revenue	0	0	0	0	-0.01
Capex to depreciation	0	0	0	0	-133.02
Stock based compensation to revenue	0.02	0.02	0.03	0.04	0
Graham number	44.73	16.56	17.87	19.68	33.94
ROIC	0.02	0.01	0.01	-0.01	0.06
Return on tangible assets	0.02	0.01	0.01	-0.01	0.02
Graham Net	-88.45	-61.55	-97.06	-111.72	-122.98
Working capital	2.25B	3B	1.85B	-2.59B	-3.29B
Tangible asset value	915.21M	541.62M	-525.34M	-2.05B	-1.96B
Net current asset value	-6.97B	-6.1B	-9.46B	-11.59B	-10.75B
Invested capital	3.83	1.83	2.94	3.86	5.35
Average receivables	200.77M	160.62M	77.93M	41.45M	33.5M
Average payables	80.92M	107.98M	110.48M	128.18M	273.93M
Average inventory	32.79M	47.15M	21.55M	11.06M	6.14M
Days sales outstanding	296.54	470.07	70.29	236.96	0.01
Days payables outstanding	200.22	199.28	184.65	753.96	961.9
Days of inventory on hand	144.06	45.84	27.62	36.4	11.27
Receivables turnover	1.23	0.78	5.19	1.54	26.1K
Payables turnover	1.82	1.83	1.98	0.48	0.38
Inventory turnover	2.53	7.96	13.22	10.03	32.39
ROE	0.09	0.02	0.02	-0.04	0.1
Capex per share	0	0	0	0	-0.17

Quarterly Fundamentals Overview

Last date of statement is 2023-12-31 for Q4

Metric	2022-12-31	2023-03-31	2023-06-30	2023-09-30	2023-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	0.03	0.54	0.64	0.04	5.8
Net income per share	0.05	0.68	0.28	0.71	0.61
Operating cash flow per share	5.71	-14.37	23.14	0.73	6.15
Free cash flow per share	5.71	-14.37	23.14	0.73	6.15
Cash per share	18.96	19.24	20.06	18.72	4.72
Book value per share	22.03	22.19	22.13	22.47	22.58
Tangible book value per share	-23.01	-22.56	-23.45	-24.89	-22.64
Share holders equity per share	22.03	22.19	22.13	22.47	22.58
Interest debt per share	86.69	86.95	96.8	87.26	122.99
Market cap	1.1B	1.1B	1.18B	1.08B	1.3B
Enterprise value	4.43B	4.43B	4.77B	4.33B	11.49B
P/E ratio	59.18	4.51	11.94	4.38	6.12
Price to sales ratio	355.07	22.83	21.08	320.19	2.58
POCF ratio	2.17	-0.86	0.58	16.91	2.43
PFCF ratio	2.17	-0.86	0.58	16.91	2.43
P/B Ratio	0.56	0.56	0.61	0.55	0.66
PTB ratio	0.56	0.56	0.61	0.55	0.66
EV to sales	1.43K	92.38	85.47	1.29K	22.85
Enterprise value over EBITDA	-27.61	20.34	101.81	-1.99K	-6.16K
EV to operating cash flow	8.71	-3.47	2.36	68.05	21.55
EV to free cash flow	8.71	-3.47	2.36	68.05	21.55
Earnings yield	0	0.06	0.02	0.06	0.04
Free cash flow yield	0.46	-1.17	1.72	0.06	0.41
Debt to equity	3.86	3.83	4.28	3.88	5.35
Debt to assets	0.54	0.49	0.62	0.57	0.8
Net debt to EBITDA	-20.73	15.31	76.7	-1.5K	-5.46K
Current ratio	0.12	0.14	16.82	0.13	1.68
Interest coverage	-1.08	1.22	0.25	-0.13	1.22
Income quality	109.15	-21.03	82.02	1.04	10.07
Dividend Yield	0.05	0.04	0.04	0.04	0.03
Payout ratio	11.3	0.76	1.86	0.74	0.86
Sales general and administrative to revenue	0.51	0.03	0.02	0.58	0
Research and developement to revenue	0.66	0	0	0	0
Intangibles to total assets	0.29	0.26	0.3	0.31	0.3
Capex to operating cash flow	0	0	0	0	0
Capex to revenue	0	0	0	0	0
Capex to depreciation	0	0	0	0	0
Stock based compensation to revenue	0.38	0.02	0.02	0.42	0
Graham number	5.09	18.47	11.85	18.92	17.61
ROIC	0.01	0.04	0	0	0.02
Return on tangible assets	0	0.01	0	0.01	0.01
Graham Net	-114.65	-130.7	-111.08	-111.18	-123.99
Working capital	-2.59B	-2.51B	1.65B	-2.64B	165.03M
Tangible asset value	-2.05B	-2B	-2.05B	-2.16B	-1.96B
Net current asset value	-11.59B	-12.98B	-9.7B	-10.89B	-10.75B
Invested capital	3.86	3.83	4.28	3.88	5.35
Average receivables	154.57M	75.58M	46.02M	5.04M	1.15M
Average payables	129.19M	156.5M	128.67M	112.73M	254.29M
Average inventory	7.85M	8M	7.32M	5.84M	4.93M
Days sales outstanding	1.94K	157.99	12.62	60.32	0.01
Days payables outstanding	185.91	1.89K	1.29K	1.97K	1.01K
Days of inventory on hand	8.97	102.56	78.31	86.53	11.84
Receivables turnover	0.05	0.57	7.13	1.49	8.98K
Payables turnover	0.48	0.05	0.07	0.05	0.09
Inventory turnover	10.03	0.88	1.15	1.04	7.6
ROE	0	0.03	0.01	0.03	0.03
Capex per share	0	0	0	0	0

PMT Dividend History

PMT Frequently Asked Questions

What is PennyMac Mortgage Investment Trust stock symbol ?

PennyMac Mortgage Investment Trust is a US stock , located in Westlake village of Ca and trading under the symbol PMT

Is PennyMac Mortgage Investment Trust buy or a sell ?

1 stock analysts have 1 predictions with a medium analyst target price of $18. The lowest prediction is $18 and the highest is $18

What is PMT stock prediction ?

What is PennyMac Mortgage Investment Trust stock quote today ?

PennyMac Mortgage Investment Trust stock price is $13.36 today.

Is PennyMac Mortgage Investment Trust stock public?

Yes, PennyMac Mortgage Investment Trust is a publicly traded company.

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Company Profile

Volume Average 641.48K
Market Capitalization 1.17B
Employee 7
CEO Mr. David A. Spector
Headquarters Westlake Village,CA,US
IPO Date 2009-07-30
Website https://www.pennymacmortgageinvestmenttrust.com

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. The company's Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.