Weekly Analysts’ Ratings Changes for PennyMac Mortgage Investment Trust (PMT)

Posted by on May 21st, 2026

Several brokerages have updated their recommendations and price targets on shares of PennyMac Mortgage Investment Trust (NYSE: PMT) in the last few weeks:

  • 5/9/2026 – PennyMac Mortgage Investment Trust was downgraded by Wall Street Zen from “hold” to “sell”.
  • 5/8/2026 – PennyMac Mortgage Investment Trust had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods. They now have a $12.00 price target on the stock, down from $13.50.
  • 5/7/2026 – PennyMac Mortgage Investment Trust was downgraded by Keefe, Bruyette & Woods from “outperform” to “market perform”.
  • 5/7/2026 – PennyMac Mortgage Investment Trust had its price target lowered by Wells Fargo & Company from $13.00 to $12.00. They now have an “equal weight” rating on the stock.
  • 4/2/2026 – PennyMac Mortgage Investment Trust had its price target lowered by Piper Sandler from $13.50 to $13.00. They now have a “neutral” rating on the stock.
  • 3/27/2026 – PennyMac Mortgage Investment Trust had its “hold (c-)” rating reaffirmed by Weiss Ratings.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Thursday, April 9th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 15.2%. PennyMac Mortgage Investment Trust’s payout ratio is presently 139.13%.

PennyMac Mortgage Investment Trust (NYSE: PMT) is a publicly traded real estate investment trust (REIT) that primarily acquires and manages residential mortgage loans and mortgage-related assets. The company focuses on generating attractive risk-adjusted returns through investment in agency and non-agency residential mortgage pools, credit risk transfer securities, and residential mortgage whole loans. As a mortgage REIT, PennyMac Investment Trust seeks to capture both interest rate spread and potential price appreciation in its portfolio holdings.

Established with external management by PennyMac Financial Services, Inc, the trust leverages the sponsor’s mortgage servicing, underwriting and capital markets expertise.

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