PennyMac Mortgage Investment Trust (PMT) Stock Forecast, Price Target & Predictions


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PMT Stock Forecast


PennyMac Mortgage Investment Trust stock forecast is as follows: an average price target of $16.50 (represents a 16.28% upside from PMT’s last price of $14.19) and a rating consensus of 'Hold', based on 4 wall street analysts offering a 1-year stock forecast.

PMT Price Target


The average price target for PennyMac Mortgage Investment Trust (PMT) is $16.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $15.00. This represents a potential 16.28% upside from PMT's last price of $14.19.

PMT Analyst Ratings


Hold

According to 4 Wall Street analysts, PennyMac Mortgage Investment Trust's rating consensus is 'Hold'. The analyst rating breakdown for PMT stock is 0 'Strong Buy' (0.00%), 1 'Buy' (25.00%), 3 'Hold' (75.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

PennyMac Mortgage Investment Trust Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 09, 2024Crispin LovePiper Sandler$15.00$14.602.74%5.71%
Apr 26, 2022-JMP Securities$18.00$15.2318.19%26.85%
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The latest PennyMac Mortgage Investment Trust stock forecast, released on May 09, 2024 by Crispin Love from Piper Sandler, set a price target of $15.00, which represents a 2.74% increase from the stock price at the time of the forecast ($14.60), and a 5.71% increase from PMT last price ($14.19).

PennyMac Mortgage Investment Trust Price Target by Period


1M3M12M
# Anlaysts--1
Avg Price Target--$15.00
Last Closing Price$14.19$14.19$14.19
Upside/Downside-100.00%-100.00%5.71%

In the current month, the average price target of PennyMac Mortgage Investment Trust stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to PennyMac Mortgage Investment Trust's last price of $14.19. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jul 19, 2024JMP SecuritiesOutperformOutperformHold
Jul 10, 2024Piper SandlerUnderperformUnderperformHold
Jul 10, 2024WedbushNeutralNeutralHold
May 09, 2024Piper SandlerNeutralNeutralHold
Apr 30, 2024Bank of America SecuritiesNeutralNeutralHold
Apr 29, 2024WedbushMarket OutperformMarket OutperformHold
Apr 29, 2024JMP SecuritiesUnderperformUnderperformHold
Apr 26, 2022JMP SecuritiesMarket OutperformMarket OutperformHold
Apr 26, 2022Zacks Investment Research-HoldUpgrade
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PennyMac Mortgage Investment Trust's last stock rating was published by JMP Securities on Jul 19, 2024. The company gave PMT a "Outperform" rating, the same as its previous rate.

PennyMac Mortgage Investment Trust Financial Forecast


PennyMac Mortgage Investment Trust Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$3.06M$3.36M$55.81M$47.98M$3.11M$101.56M$7.37M$29.86M$-7.09M$14.13M$23.19M$99.39M$78.19M$130.20M$475.89M$7.44M$66.41M$55.98M
Avg Forecast$103.45M$102.52M$101.89M$93.65M$97.66M$97.39M$96.36M$91.74M$93.00M$91.79M$91.19M$85.22M$86.79M$76.80M$111.92M$93.34M$103.20M$111.13M$88.16M$89.76M$133.30M$168.83M$182.03M$193.96M$196.24M$189.99M$197.51M$120.16M$128.40M$126.70M
High Forecast$107.15M$106.18M$105.53M$97.00M$101.15M$100.88M$99.80M$95.02M$96.33M$101.26M$94.45M$88.27M$107.37M$92.57M$115.93M$96.68M$106.89M$115.11M$94.34M$96.05M$142.64M$180.66M$194.79M$207.55M$209.99M$203.30M$211.35M$128.58M$137.40M$135.58M
Low Forecast$97.96M$97.08M$96.48M$88.68M$92.48M$92.23M$91.25M$86.87M$88.07M$84.01M$86.35M$80.70M$70.29M$61.72M$105.98M$88.39M$97.72M$105.24M$82.06M$83.55M$124.08M$157.15M$169.44M$180.54M$182.66M$176.85M$183.84M$111.85M$119.52M$117.94M
# Analysts1111111113113311111111111159988
Surprise %------------0.04%0.04%0.50%0.51%0.03%0.91%0.08%0.33%-0.05%0.08%0.13%0.51%0.40%0.69%2.41%0.06%0.52%0.44%

PennyMac Mortgage Investment Trust's average Quarter revenue forecast for Mar 24 based on 1 analysts is $85.22M, with a low forecast of $80.70M, and a high forecast of $88.27M. PMT's average Quarter revenue forecast represents a 2680.30% increase compared to the company's last Quarter revenue of $3.06M (Dec 23).

PennyMac Mortgage Investment Trust EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113311111111111159988
EBITDA------------$-1.87M$-2.17M$46.85M$217.94M$-160.51M$95.30M$38.28M$81.57M$54.23M$34.83M$93.00M$167.34M$143.53M$181.21M$529.11M$-503.36M$151.85M$132.36M
Avg Forecast$57.64M$57.12M$56.77M$52.18M$54.41M$54.27M$53.69M$51.12M$51.82M$51.14M$50.81M$62.00$48.35M$42.79M$62.36M$67.00$57.50M$83.51M$49.12M$72.00$74.27M$94.07M$101.42M$156.71M$109.34M$105.86M$110.05M$-2.18B$71.54M$70.60M
High Forecast$59.70M$59.16M$58.80M$54.05M$56.36M$56.21M$55.61M$52.95M$53.67M$56.42M$52.63M$75.00$59.82M$51.58M$64.59M$81.00$59.56M$100.21M$52.56M$87.00$79.48M$100.66M$108.53M$188.05M$117.00M$113.28M$117.76M$-1.74B$76.56M$75.54M
Low Forecast$54.58M$54.09M$53.76M$49.41M$51.53M$51.39M$50.84M$48.40M$49.07M$46.81M$48.11M$50.00$39.17M$34.39M$59.05M$54.00$54.45M$66.81M$45.72M$58.00$69.13M$87.56M$94.41M$125.37M$101.77M$98.53M$102.43M$-2.61B$66.59M$65.71M
Surprise %-------------0.04%-0.05%0.75%3252805.97%-2.79%1.14%0.78%1132944.44%0.73%0.37%0.92%1.07%1.31%1.71%4.81%0.23%2.12%1.87%

3 analysts predict PMT's average Quarter EBITDA for Sep 23 to be $42.79M, with a high of $51.58M and a low of $34.39M. This is -8.67% lower than PennyMac Mortgage Investment Trust's previous annual EBITDA (Jun 23) of $46.85M.

PennyMac Mortgage Investment Trust Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113311111111111159988
Net Income------------$52.91M$61.42M$24.62M$60.70M$4.66M$11.91M$-70.73M$-19.13M$-16.89M$-35.95M$38.09M$71.60M$82.88M$99.55M$464.62M$-594.67M$58.60M$70.00M
Avg Forecast$36.56M$36.30M$36.23M$32.94M$33.58M$33.22M$32.59M$30.17M$31.72M$30.32M$29.51M$-71.00$29.18M$25.62M$28.92M$-77.00$32.13M$-86.20M$5.29M$-83.00$36.23M$43.52M$52.20M$67.06M$60.36M$63.21M$83.63M$-2.57B$46.79M$45.55M
High Forecast$38.26M$37.99M$37.91M$34.48M$35.15M$34.76M$34.10M$31.57M$33.19M$32.11M$30.88M$-57.00$50.02M$33.31M$30.27M$-60.00$33.63M$-68.96M$5.77M$-66.00$39.53M$47.49M$56.95M$80.47M$65.86M$68.97M$91.25M$-2.06B$51.05M$49.70M
Low Forecast$34.04M$33.80M$33.73M$30.67M$31.27M$30.93M$30.34M$28.09M$29.53M$28.54M$27.47M$-86.00$16.67M$16.23M$26.93M$-93.00$29.92M$-103.44M$4.81M$-99.00$32.97M$39.61M$47.50M$53.65M$54.93M$57.53M$76.11M$-3.09B$42.58M$41.46M
Surprise %------------1.81%2.40%0.85%-788272.73%0.15%-0.14%-13.38%230469.88%-0.47%-0.83%0.73%1.07%1.37%1.57%5.56%0.23%1.25%1.54%

PennyMac Mortgage Investment Trust's average Quarter net income forecast for Mar 24 is $-71.00, with a range of $-86.00 to $-57.00. PMT's average Quarter net income forecast represents a -100.00% decrease compared to the company's last Quarter net income of $52.91M (Dec 23).

PennyMac Mortgage Investment Trust SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113311111111111159988
SG&A------------$2.33M$1.96M$1.28M$1.54M$1.59M$1.37M$1.55M$1.44M$870.00K$-383.00K$1.33M$2.19M$1.13M$1.04M$1.20M$519.00K$1.51M$1.64M
Avg Forecast$3.67M$3.64M$3.62M$3.32M$3.47M$3.46M$3.42M$3.26M$3.30M$3.26M$3.24M$1.43M$3.08M$2.73M$3.97M$1.57M$3.66M$-918.23K$3.13M$3.00$4.73M$5.99M$6.46M$2.05M$6.97M$6.74M$7.01M$2.25M$4.56M$4.50M
High Forecast$3.80M$3.77M$3.75M$3.44M$3.59M$3.58M$3.54M$3.37M$3.42M$3.59M$3.35M$2.86M$3.81M$3.29M$4.11M$3.14M$3.79M$-734.59K$3.35M$4.00$5.06M$6.41M$6.91M$2.46M$7.45M$7.22M$7.50M$2.69M$4.88M$4.81M
Low Forecast$3.48M$3.45M$3.42M$3.15M$3.28M$3.27M$3.24M$3.08M$3.13M$2.98M$3.06M$2.00$2.50M$2.19M$3.76M$3.00$3.47M$-1.10M$2.91M$3.00$4.40M$5.58M$6.01M$1.64M$6.48M$6.28M$6.53M$1.80M$4.24M$4.19M
Surprise %------------0.76%0.72%0.32%0.98%0.43%-1.49%0.50%479000.00%0.18%-0.06%0.21%1.07%0.16%0.15%0.17%0.23%0.33%0.37%

PennyMac Mortgage Investment Trust's average Quarter SG&A projection for Mar 24 is $1.43M, based on 1 Wall Street analysts, with a range of $2.00 to $2.86M. The forecast indicates a -38.46% fall compared to PMT last annual SG&A of $2.33M (Dec 23).

PennyMac Mortgage Investment Trust EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111111113113311111111111159988
EPS------------$0.48$0.59$0.16$0.56$-0.41$0.01$-0.77$-0.20$-0.18$-0.45$0.32$0.67$0.78$0.94$4.59$-5.99$0.56$0.75
Avg Forecast$0.42$0.42$0.42$0.38$0.39$0.38$0.38$0.35$0.37$0.35$0.34$0.31$0.34$0.29$0.33$0.31$0.37$0.37$0.06$0.26$0.42$0.50$0.60$0.62$0.69$0.73$0.96$0.18$0.54$0.52
High Forecast$0.44$0.44$0.44$0.40$0.40$0.40$0.39$0.36$0.38$0.37$0.36$0.33$0.58$0.38$0.35$0.32$0.39$0.39$0.07$0.28$0.46$0.55$0.66$0.68$0.76$0.79$1.05$0.20$0.59$0.57
Low Forecast$0.39$0.39$0.39$0.35$0.36$0.36$0.35$0.32$0.34$0.33$0.32$0.29$0.19$0.19$0.31$0.29$0.34$0.35$0.06$0.24$0.38$0.46$0.55$0.56$0.63$0.66$0.88$0.16$0.49$0.48
Surprise %------------1.43%2.00%0.48%1.83%-1.11%0.03%-12.65%-0.77%-0.43%-0.90%0.53%1.08%1.12%1.29%4.77%-33.28%1.04%1.43%

According to 1 Wall Street analysts, PennyMac Mortgage Investment Trust's projected average Quarter EPS for Mar 24 is $0.31, with a low estimate of $0.29 and a high estimate of $0.33. This represents a -34.90% decrease compared to PMT previous annual EPS of $0.48 (Dec 23).

PennyMac Mortgage Investment Trust Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ACREAres Commercial Real Estate$7.54$16.00112.20%Hold
ARIApollo Commercial Real Estate Finance$9.56$13.5041.21%-
KREFKKR Real Estate Finance Trust$12.30$16.1731.46%Buy
TRTXTPG RE Finance Trust$8.58$11.1329.72%Buy
RCReady Capital$7.71$9.0016.73%Buy
PMTPennyMac Mortgage Investment Trust$14.19$16.5016.28%Hold
EARNEllington Residential Mortgage REIT$6.98$8.0014.61%Buy
MFAMFA Financial$13.02$14.8313.90%Buy
TWOTwo Harbors Investment$14.02$15.6311.48%Buy
EFCEllington Financial$13.30$13.501.50%Buy
NREFNexPoint Real Estate Finance$16.07$14.00-12.88%Hold
IVRInvesco Mortgage Capital$8.87$6.25-29.54%Buy
CIMChimera Investment$15.86$7.25-54.29%Hold

PMT Forecast FAQ


No, according to 4 Wall Street analysts, PennyMac Mortgage Investment Trust (PMT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 25.00% of PMT's total ratings.

PennyMac Mortgage Investment Trust (PMT) average price target is $16.5 with a range of $15 to $18, implying a 16.28% from its last price of $14.19. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PMT stock, the company can go up by 16.28% (from the last price of $14.19 to the average price target of $16.5), up by 26.85% based on the highest stock price target, and up by 5.71% based on the lowest stock price target.

PMT's average twelve months analyst stock price target of $16.5 does not support the claim that PennyMac Mortgage Investment Trust can reach $20 in the near future.

PennyMac Mortgage Investment Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $383.15M (high $396.86M, low $362.82M), average EBITDA is $213.48M (high $221.12M, low $202.16M), average net income is $129.55M (high $135.58M, low $120.62M), average SG&A $13.6M (high $14.09M, low $12.88M), and average EPS is $1.49 (high $1.56, low $1.39). PMT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $401.5M (high $415.86M, low $380.2M), average EBITDA is $223.7M (high $231.71M, low $211.84M), average net income is $142.03M (high $148.64M, low $132.24M), average SG&A $14.25M (high $14.76M, low $13.5M), and average EPS is $1.64 (high $1.71, low $1.52).

Based on PennyMac Mortgage Investment Trust's last annual report (Dec 2023), the company's revenue was $17.48M, which missed the average analysts forecast of $368.85M by -95.26%. Apple's EBITDA was $-25.073M, missing the average prediction of $153.51M by -116.33%. The company's net income was $157.84M, beating the average estimation of $83.72M by 88.53%. Apple's SG&A was $7.11M, missing the average forecast of $11.35M by -37.38%. Lastly, the company's EPS was $1.41, beating the average prediction of $1.27 by 10.97%. In terms of the last quarterly report (Dec 2023), PennyMac Mortgage Investment Trust's revenue was $3.06M, missing the average analysts' forecast of $86.79M by -96.47%. The company's EBITDA was $-1.866M, missing the average prediction of $48.35M by -103.86%. PennyMac Mortgage Investment Trust's net income was $52.91M, beating the average estimation of $29.18M by 81.35%. The company's SG&A was $2.33M, missing the average forecast of $3.08M by -24.46%. Lastly, the company's EPS was $0.48, beating the average prediction of $0.336 by 42.88%