PennyMac Mortgage Investment Tr – Consensus Indicates 18.2% Upside Potential


PennyMac Mortgage Investment Tr found using the ticker (PMT) now have 11 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 22 and 17 calculating the average target price we see 18.73. Together with the stock’s previous close at 15.85, this indicates that there is upside potential of 18.2%. The 50-day moving average now stands at 17.01 while the 200-day moving average is at 18.92. The market cap of the company is $1,537 million. Visit the company’s website at:

The potential market capitalization would be $1,816 million based on market consensus.

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PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in mortgage-related assets in the United States. The Company operates through the Credit Sensitive Strategies, Interest Rate Sensitive Strategies and Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate and non-agency subordinated bonds. The Company’s Interest Rate Sensitive Strategies segment invests in agency and non-agency mortgage servicing rights, excess management spreads and mortgage-backed securities (MBS); and related interest rate hedging activities. Its Correspondent Production segment is engaged in the purchase, pooling and resale of newly issued prime residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The Company is considered a real estate investment trust for federal income tax purposes. It would generally not be subject to federal corporate income tax if it distributed 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.


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