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How to buy PennyMac Mortgage Investment Trust stock | $17.59
Own PennyMac Mortgage Investment Trust stock in just a few minutes.
Fact checked
PennyMac Mortgage Investment Trust is a reit-mortgage business based in the US. PennyMac Mortgage Investment Trust shares (PMT) are listed on the NYSE and all prices are listed in US Dollars. PennyMac Mortgage Investment Trust employs 1 staff and has a trailing 12-month revenue of around USD$1.1 billion.
How to buy shares in PennyMac Mortgage Investment Trust
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for PennyMac Mortgage Investment Trust. Find the stock by name or ticker symbol: PMT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until PennyMac Mortgage Investment Trust reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$17.59, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of PennyMac Mortgage Investment Trust, depending on your broker.
- Check in on your investment. Congratulations, you own a part of PennyMac Mortgage Investment Trust. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- PMT shares summary
- Compare share dealing platforms
- Is PMT stock a buy or sell?
- Stock performance over time
- Can I short PMT shares?
- Are PMT shares over-valued?
- PennyMac Mortgage Investment Trust's financials
- How volatile are PMT shares?
- Does PennyMac Mortgage Investment Trust pay a dividend?
- Other common questions
PennyMac Mortgage Investment Trust share price
Use our graph to track the performance of PMT stocks over time.PennyMac Mortgage Investment Trust shares at a glance
Information last updated 2020-12-28.
| Latest market close | USD$17.59 |
|---|---|
| 52-week range | USD$3.2602 - USD$22.1603 |
| 50-day moving average | USD$17.3591 |
| 200-day moving average | USD$17.2792 |
| Wall St. target price | USD$19.31 |
| PE ratio | 622.7586 |
| Dividend yield | USD$1.88 (10.44%) |
| Earnings per share (TTM) | USD$0.029 |
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Is it a good time to buy PennyMac Mortgage Investment Trust stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
PennyMac Mortgage Investment Trust price performance over time
Historical closes compared with the close of $17.59 from 2020-12-31
| 1 week (2021-01-07) | 1.21% |
|---|---|
| 1 month (2020-12-16) | -0.40% |
| 3 months (2020-10-15) | 5.71% |
| 6 months (2020-07-15) | -2.55% |
| 1 year (2020-01-15) | -23.36% |
|---|---|
| 2 years (2019-01-15) | -8.62% |
| 3 years (2018-01-13) | N/A |
| 5 years (2016-01-15) | 30.78% |
Is PennyMac Mortgage Investment Trust under- or over-valued?
Valuing PennyMac Mortgage Investment Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of PennyMac Mortgage Investment Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
PennyMac Mortgage Investment Trust's P/E ratio
PennyMac Mortgage Investment Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 623x. In other words, PennyMac Mortgage Investment Trust shares trade at around 623x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
PennyMac Mortgage Investment Trust's PEG ratio
PennyMac Mortgage Investment Trust's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.12. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into PennyMac Mortgage Investment Trust's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
PennyMac Mortgage Investment Trust financials
| Revenue TTM | USD$1.1 billion |
|---|---|
| Operating margin TTM | 5.67% |
| Gross profit TTM | USD$644.9 million |
| Return on assets TTM | 0.27% |
| Return on equity TTM | 1.25% |
| Profit margin | 2.45% |
| Book value | $20.058 |
| Market capitalisation | USD$1.8 billion |
TTM: trailing 12 months
Shorting PennyMac Mortgage Investment Trust shares
There are currently 4.1 million PennyMac Mortgage Investment Trust shares held short by investors – that's known as PennyMac Mortgage Investment Trust's "short interest". This figure is 28.9% down from 5.8 million last month.
There are a few different ways that this level of interest in shorting PennyMac Mortgage Investment Trust shares can be evaluated.
PennyMac Mortgage Investment Trust's "short interest ratio" (SIR)
PennyMac Mortgage Investment Trust's "short interest ratio" (SIR) is the quantity of PennyMac Mortgage Investment Trust shares currently shorted divided by the average quantity of PennyMac Mortgage Investment Trust shares traded daily (recently around 810684.15841584). PennyMac Mortgage Investment Trust's SIR currently stands at 5.05. In other words for every 100,000 PennyMac Mortgage Investment Trust shares traded daily on the market, roughly 5050 shares are currently held short.
However PennyMac Mortgage Investment Trust's short interest can also be evaluated against the total number of PennyMac Mortgage Investment Trust shares, or, against the total number of tradable PennyMac Mortgage Investment Trust shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case PennyMac Mortgage Investment Trust's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 PennyMac Mortgage Investment Trust shares in existence, roughly 40 shares are currently held short) or 0.0507% of the tradable shares (for every 100,000 tradable PennyMac Mortgage Investment Trust shares, roughly 51 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against PennyMac Mortgage Investment Trust.
Find out more about how you can short PennyMac Mortgage Investment Trust stock.
PennyMac Mortgage Investment Trust share dividends
Dividend payout ratio: 15200% of net profits
Recently PennyMac Mortgage Investment Trust has paid out, on average, around 15200% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 10.44% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), PennyMac Mortgage Investment Trust shareholders could enjoy a 10.44% return on their shares, in the form of dividend payments. In PennyMac Mortgage Investment Trust's case, that would currently equate to about $1.88 per share.
PennyMac Mortgage Investment Trust's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
PennyMac Mortgage Investment Trust's most recent dividend payout was on 29 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (the "ex-dividend date").
PennyMac Mortgage Investment Trust share price volatility
Over the last 12 months, PennyMac Mortgage Investment Trust's shares have ranged in value from as little as $3.2602 up to $22.1603. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while PennyMac Mortgage Investment Trust's is 1.1885. This would suggest that PennyMac Mortgage Investment Trust's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
PennyMac Mortgage Investment Trust overview
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in mortgage-related assets in the United States. The company operates through Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, including firm commitment to purchase CRT securities, distressed loans, real estate, and non-agency subordinated bonds. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS; and related interest rate hedging activities. Its Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of mortgage-backed securities (MBS). PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes 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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