B. Riley Comments on PennyMac Mortgage Investment Trust's FY2025 Earnings (NYSE:PMT) (2024)

PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) - B. Riley cut their FY2025 earnings estimates for PennyMac Mortgage Investment Trust in a research report issued on Wednesday, July 24th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will post earnings of $1.73 per share for the year, down from their previous 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.

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

Several other analysts also recently issued reports on the company. JMP Securities raised their price target on PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the stock a "market outperform" rating in a report on Friday, July 19th. Keefe, Bruyette & Woods cut their price target on PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an "outperform" rating on the stock in a report on Thursday. Piper Sandler cut their price target on PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Wedbush reissued a "neutral" rating and issued a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a report on Thursday. 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, PennyMac Mortgage Investment Trust presently has a consensus rating of "Hold" and a consensus target price of $14.93.

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PennyMac Mortgage Investment Trust Stock Performance

Shares of NYSE:PMT traded up $0.24 on Thursday, reaching $13.56. 1,069,964 shares of the company's stock were exchanged, compared to its average volume of 744,645. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 9.04 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 business's 50-day moving average is $13.92 and its two-hundred day moving average is $14.13. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.37.

Hedge Funds Weigh In On PennyMac Mortgage Investment Trust

Several hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its position in shares of PennyMac Mortgage Investment Trust by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the real estate investment trust's stock valued at $601,000 after purchasing an additional 800 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of PennyMac Mortgage Investment Trust by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 75,812 shares of the real estate investment trust's stock valued at $1,113,000 after purchasing an additional 1,179 shares during the last quarter. ProShare Advisors LLC grew its position in shares of PennyMac Mortgage Investment Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 17,524 shares of the real estate investment trust's stock valued at $257,000 after purchasing an additional 1,207 shares during the last quarter. National Bank of Canada FI grew its position in shares of PennyMac Mortgage Investment Trust by 94.9% in the fourth quarter. National Bank of Canada FI now owns 3,292 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,603 shares during the last quarter. Finally, Roble Belko & Company Inc acquired a new stake in shares of PennyMac Mortgage Investment Trust in the first quarter valued at about $29,000. 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. Shareholders of record on Friday, July 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.80%. The ex-dividend date is Friday, July 12th. PennyMac Mortgage Investment Trust's payout ratio is 106.67%.

PennyMac Mortgage Investment Trust Company Profile

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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.

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