PennyMac Mortgage Investment Trust (NYSE:PMT) Hits New 12-Month Low – Should You Sell?

20 Mar 2026, 15:22 by Michael Walen · The Markets Daily

PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $11.20 and last traded at $11.2450, with a volume of 310117 shares traded. The stock had previously closed at $11.63.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PMT. Keefe, Bruyette & Woods upgraded PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and set a $13.50 price objective on the stock in a research report on Thursday, December 18th. Citizens Jmp decreased their price target on shares of PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of PennyMac Mortgage Investment Trust in a research report on Monday, December 29th. Finally, Citigroup restated an “outperform” rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.75.

Read Our Latest Research Report on PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust Stock Down 3.6%

The firm has a fifty day simple moving average of $12.49 and a 200 day simple moving average of $12.45. The company has a debt-to-equity ratio of 6.55, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $975.23 million, a PE ratio of 11.48, a PEG ratio of 1.02 and a beta of 1.25.

PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.07. PennyMac Mortgage Investment Trust had a net margin of 41.59% and a return on equity of 9.53%. The business had revenue of $0.15 million for the quarter, compared to analyst estimates of $96.96 million. Equities research analysts predict that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Thursday, April 9th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 163.27%.

Hedge Funds Weigh In On PennyMac Mortgage Investment Trust

A number of large investors have recently modified their holdings of PMT. Nuveen LLC lifted its stake in shares of PennyMac Mortgage Investment Trust by 350.3% in the 4th quarter. Nuveen LLC now owns 927,864 shares of the real estate investment trust’s stock valued at $11,645,000 after purchasing an additional 721,790 shares in the last quarter. JPMorgan Chase & Co. increased its position in PennyMac Mortgage Investment Trust by 149.1% during the 4th quarter. JPMorgan Chase & Co. now owns 873,470 shares of the real estate investment trust’s stock worth $10,962,000 after purchasing an additional 522,839 shares in the last quarter. SG Americas Securities LLC raised its holdings in PennyMac Mortgage Investment Trust by 1,586.5% in the fourth quarter. SG Americas Securities LLC now owns 526,950 shares of the real estate investment trust’s stock valued at $6,613,000 after buying an additional 495,704 shares during the period. Barclays PLC raised its holdings in PennyMac Mortgage Investment Trust by 93.2% in the third quarter. Barclays PLC now owns 992,581 shares of the real estate investment trust’s stock valued at $12,169,000 after buying an additional 478,947 shares during the period. Finally, Millennium Management LLC lifted its position in PennyMac Mortgage Investment Trust by 41.8% during the third quarter. Millennium Management LLC now owns 1,339,158 shares of the real estate investment trust’s stock valued at $16,418,000 after buying an additional 394,497 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

About PennyMac Mortgage Investment Trust

(Get Free Report)

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.