PennyMac Mortgage Investment Trust (NYSE:PMT) Stock Gets Price Target Reduction from Citizens Jmp

Posted by Francis Steltz on Oct 15th, 2026

PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) had its price objective lowered by equities researchers at Citizens Jmp from $15.00 to $12.50 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price target indicates a potential upside of 82.08% from the stock’s previous close.

Several other analysts also recently weighed in on PMT. Wells Fargo & Company cut their price objective on shares of PennyMac Mortgage Investment Trust from $12.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday. Piper Sandler cut their price objective on PennyMac Mortgage Investment Trust from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Weiss Ratings downgraded shares of PennyMac Mortgage Investment Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Finally, UBS Group reduced their price objective on shares of PennyMac Mortgage Investment Trust from $11.25 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.92.

Read Our Latest Stock Report on PMT

PennyMac Mortgage Investment Trust Stock Performance

PennyMac Mortgage Investment Trust stock opened at $6.87 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 9.18. The stock has a market cap of $598.64 million, a P/E ratio of 4.83, a price-to-earnings-growth ratio of 0.52 and a beta of 1.20. PennyMac Mortgage Investment Trust has a 52 week low of $6.80 and a 52 week high of $13.81. The stock has a 50 day moving average of $8.84 and a 200-day moving average of $10.06.

PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.07). PennyMac Mortgage Investment Trust had a net margin of 47.79% and a return on equity of 12.50%. The firm had revenue of ($46.00) million for the quarter, compared to analyst estimates of $93.93 million. On average, analysts expect that PennyMac Mortgage Investment Trust will post 1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On PennyMac Mortgage Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter worth approximately $55,000. GAMMA Investing LLC raised its holdings in PennyMac Mortgage Investment Trust by 77.2% during the 3rd quarter. GAMMA Investing LLC now owns 12,348 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 5,379 shares during the last quarter. Squarepoint Ops LLC bought a new position in PennyMac Mortgage Investment Trust in the second quarter valued at approximately $432,000. Nykredit A S acquired a new stake in shares of PennyMac Mortgage Investment Trust during the second quarter worth $37,000. Finally, Corient Private Wealth LP bought a new stake in shares of PennyMac Mortgage Investment Trust in the 2nd quarter valued at about $1,747,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

About PennyMac Mortgage Investment Trust

(Get Free Report)

PennyMac Mortgage Investment Trust (NYSE: PMT) is a mortgage real estate investment trust that invests primarily in residential mortgage-related assets. The company seeks to generate income through investments in mortgage loans, mortgage servicing rights, mortgage-backed securities and other credit-sensitive assets tied to the U.S. housing market.

PennyMac’s activities include acquiring and managing newly originated and seasoned residential mortgage loans, investing in mortgage servicing rights and related financing arrangements, and participating in correspondent production activities.