PennyMac Mortgage Investment Trust (NYSE:PMT) Stock Has Average Price Target of $11.50 According to Analysts

Posted by Brenda Bartman on Sep 26th, 2026

Shares of PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.50.

A number of equities analysts have recently commented on the stock. UBS Group cut their target price on shares of PennyMac Mortgage Investment Trust from $11.25 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PennyMac Mortgage Investment Trust in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Saturday, August 15th. Wells Fargo & Company lowered their price objective on PennyMac Mortgage Investment Trust from $12.00 to $10.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Finally, Piper Sandler dropped their price objective on PennyMac Mortgage Investment Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th.

Check Out Our Latest Stock Report on PMT

Hedge Funds Weigh In On PennyMac Mortgage Investment Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of PennyMac Mortgage Investment Trust during the second quarter valued at approximately $164,344,000. Royal Bank of Canada lifted its position in PennyMac Mortgage Investment Trust by 1,469.4% in the first quarter. Royal Bank of Canada now owns 642,149 shares of the real estate investment trust’s stock worth $7,488,000 after purchasing an additional 601,233 shares during the period. Bank of New York Mellon Corp bought a new position in PennyMac Mortgage Investment Trust in the second quarter worth $6,137,000. Bank of America Corp DE acquired a new stake in PennyMac Mortgage Investment Trust during the second quarter worth $4,549,000. Finally, First Trust Advisors LP boosted its stake in PennyMac Mortgage Investment Trust by 389.6% during the first quarter. First Trust Advisors LP now owns 408,785 shares of the real estate investment trust’s stock worth $4,766,000 after buying an additional 325,299 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Performance

PennyMac Mortgage Investment Trust stock opened at $8.34 on Wednesday. The company has a market cap of $726.81 million, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 0.63 and a beta of 1.14. PennyMac Mortgage Investment Trust has a 12 month low of $8.24 and a 12 month high of $13.81. The company has a debt-to-equity ratio of 9.18, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s 50-day moving average is $9.36 and its 200-day moving average is $10.43.

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

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Thursday, October 8th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 19.2%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 112.68%.