PennyMac Mortgage Investment Trust (PMT) Stock Forecast, Price Target & Predictions
PMT Stock Forecast
PennyMac Mortgage Investment Trust stock forecast is as follows: an average price target of $16.25 (represents a 23.95% upside from PMT’s last price of $13.11) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.
PMT Price Target
The average price target for PennyMac Mortgage Investment Trust (PMT) is $16.25 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $14.50. This represents a potential 23.95% upside from PMT's last price of $13.11.
PMT Analyst Ratings
According to 5 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' (20.00%), 4 'Hold' (80.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
PennyMac Mortgage Investment Trust Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | Crispin Love | Piper Sandler | $14.50 | $13.67 | 6.07% | 10.60% |
| May 09, 2024 | Crispin Love | Piper Sandler | $15.00 | $14.60 | 2.74% | 14.42% |
| Apr 26, 2022 | - | JMP Securities | $18.00 | $15.23 | 18.19% | 37.30% |
The latest PennyMac Mortgage Investment Trust stock forecast, released on Oct 23, 2024 by Crispin Love from Piper Sandler, set a price target of $14.50, which represents a 6.07% increase from the stock price at the time of the forecast ($13.67), and a 10.60% increase from PMT last price ($13.11).
PennyMac Mortgage Investment Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $14.50 | $14.50 | $14.75 |
| Last Closing Price | $13.11 | $13.11 | $13.11 |
| Upside/Downside | 10.60% | 10.60% | 12.51% |
In the current month, the average price target of PennyMac Mortgage Investment Trust stock is $14.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 10.60% increase as opposed to PennyMac Mortgage Investment Trust's last price of $13.11. This month's average price target is down 0.00% compared to last quarter, and down -1.69% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 23, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 19, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Jul 10, 2024 | Piper Sandler | Underperform | Underperform | Hold |
| Jul 10, 2024 | Wedbush | Neutral | Neutral | Hold |
| May 09, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 30, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Apr 29, 2024 | Wedbush | Market Outperform | Market Outperform | Hold |
| Apr 29, 2024 | JMP Securities | Underperform | Underperform | Hold |
| Apr 26, 2022 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Upgrade |
PennyMac Mortgage Investment Trust's last stock rating was published by Piper Sandler on Oct 23, 2024. The company gave PMT a "Neutral" rating, the same as its previous rate.
PennyMac Mortgage Investment Trust Financial Forecast
PennyMac Mortgage Investment Trust Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $94.92M | $96.66M | $96.31M | $93.85M | $107.30M | $103.00M | $102.21M | $97.36M | $99.32M | $93.26M | $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 | $110.56M | $112.59M | $112.19M | $109.32M | $124.99M | $119.98M | $119.06M | $110.59M | $118.15M | $94.00M | $106.22M | $85.22M | $107.37M | $92.57M | $130.37M | $108.73M | $120.21M | $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 |
| Low Forecast | $86.52M | $88.11M | $87.79M | $85.55M | $97.81M | $93.89M | $93.17M | $90.46M | $89.48M | $92.52M | $83.12M | $85.22M | $70.29M | $61.72M | $102.02M | $85.09M | $94.07M | $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 |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 8 | 8 |
| 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 $85.22M, and a high forecast of $85.22M. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 8 | 8 |
| 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 | $52.89M | $53.86M | $53.66M | $52.29M | $59.79M | $57.39M | $56.95M | $54.25M | $55.34M | $51.96M | $50.81M | $62.00 | $48.35M | $42.79M | $62.36M | $67.00 | $57.50M | $61.92M | $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 | $61.60M | $62.73M | $62.51M | $60.91M | $69.64M | $66.85M | $66.34M | $61.62M | $65.83M | $52.37M | $59.18M | $75.00 | $59.82M | $51.58M | $72.64M | $81.00 | $66.98M | $61.92M | $49.12M | $87.00 | $74.27M | $94.07M | $101.42M | $188.05M | $109.34M | $105.86M | $110.05M | $-1.74B | $71.54M | $70.60M |
| Low Forecast | $48.21M | $49.09M | $48.92M | $47.67M | $54.50M | $52.32M | $51.91M | $50.40M | $49.86M | $51.55M | $46.31M | $50.00 | $39.17M | $34.39M | $56.84M | $54.00 | $52.41M | $61.92M | $49.12M | $58.00 | $74.27M | $94.07M | $101.42M | $125.37M | $109.34M | $105.86M | $110.05M | $-2.61B | $71.54M | $70.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.04% | -0.05% | 0.75% | 3252805.97% | -2.79% | 1.54% | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 8 | 8 |
| 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 | $33.75M | $34.70M | $35.23M | $33.88M | $35.79M | $33.81M | $34.08M | $30.77M | $32.24M | $30.01M | $29.51M | $-71.00 | $29.18M | $25.62M | $28.93M | $-77.00 | $-50.68M | $32.31M | $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 | $40.99M | $42.14M | $42.78M | $41.14M | $43.46M | $41.05M | $41.38M | $37.30M | $33.94M | $30.16M | $29.52M | $-57.00 | $50.02M | $33.31M | $35.13M | $-60.00 | $-40.55M | $32.31M | $5.29M | $-66.00 | $36.23M | $43.52M | $52.20M | $80.47M | $60.36M | $63.21M | $83.63M | $-2.06B | $46.79M | $45.55M |
| Low Forecast | $29.87M | $30.71M | $31.18M | $29.99M | $31.67M | $29.92M | $30.16M | $23.31M | $30.55M | $29.86M | $29.50M | $-86.00 | $16.67M | $16.23M | $25.60M | $-93.00 | $-60.82M | $32.31M | $5.29M | $-99.00 | $36.23M | $43.52M | $52.20M | $53.65M | $60.36M | $63.21M | $83.63M | $-3.09B | $46.79M | $45.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.81% | 2.40% | 0.85% | -788272.73% | -0.09% | 0.37% | -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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 8 | 8 |
| 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 | $3.37M | $3.43M | $3.42M | $3.33M | $3.81M | $3.66M | $3.63M | $3.46M | $3.53M | $3.31M | $3.24M | $1.51M | $3.08M | $2.73M | $3.97M | $1.51M | $2.61M | $3.94M | $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 | $3.92M | $4.00M | $3.98M | $3.88M | $4.44M | $4.26M | $4.23M | $3.93M | $4.19M | $3.34M | $3.77M | $3.02M | $3.81M | $3.29M | $4.63M | $3.02M | $3.13M | $3.94M | $3.13M | $4.00 | $4.73M | $5.99M | $6.46M | $2.46M | $6.97M | $6.74M | $7.01M | $2.69M | $4.56M | $4.50M |
| Low Forecast | $3.07M | $3.13M | $3.12M | $3.04M | $3.47M | $3.33M | $3.31M | $3.21M | $3.18M | $3.28M | $2.95M | $2.00 | $2.50M | $2.19M | $3.62M | $3.00 | $2.09M | $3.94M | $3.13M | $3.00 | $4.73M | $5.99M | $6.46M | $1.64M | $6.97M | $6.74M | $7.01M | $1.80M | $4.56M | $4.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.72% | 0.32% | 1.02% | 0.61% | 0.35% | 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 $1.51M, based on 1 Wall Street analysts, with a range of $2.00 to $3.02M. The forecast indicates a -35.01% fall compared to PMT last annual SG&A of $2.33M (Dec 23).
PennyMac Mortgage Investment Trust EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 3 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 15 | 9 | 9 | 8 | 8 |
| 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 | $0.39 | $0.40 | $0.41 | $0.39 | $0.41 | $0.39 | $0.39 | $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 | $0.47 | $0.49 | $0.49 | $0.47 | $0.50 | $0.47 | $0.48 | $0.43 | $0.39 | $0.35 | $0.34 | $0.31 | $0.58 | $0.38 | $0.40 | $0.37 | $0.45 | $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 |
| Low Forecast | $0.34 | $0.35 | $0.36 | $0.35 | $0.36 | $0.34 | $0.35 | $0.27 | $0.35 | $0.34 | $0.34 | $0.31 | $0.19 | $0.19 | $0.29 | $0.27 | $0.33 | $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 |
| 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 $0.31 and a high estimate of $0.31. 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| ACRE | Ares Commercial Real Estate | $7.12 | $11.50 | 61.52% | Hold |
| ARI | Apollo Commercial Real Estate Finance | $9.13 | $13.50 | 47.86% | - |
| KREF | KKR Real Estate Finance Trust | $11.53 | $16.17 | 40.24% | Buy |
| TWO | Two Harbors Investment | $11.61 | $15.50 | 33.51% | Buy |
| MFA | MFA Financial | $11.07 | $14.75 | 33.24% | Buy |
| TRTX | TPG RE Finance Trust | $8.58 | $11.13 | 29.72% | Buy |
| EARN | Ellington Residential Mortgage REIT | $6.37 | $8.00 | 25.59% | Buy |
| PMT | PennyMac Mortgage Investment Trust | $13.11 | $16.25 | 23.95% | Hold |
| RC | Ready Capital | $7.11 | $8.50 | 19.55% | Hold |
| EFC | Ellington Financial | $12.21 | $13.50 | 10.57% | Buy |
| IVR | Invesco Mortgage Capital | $8.22 | $7.13 | -13.26% | Hold |
| NREF | NexPoint Real Estate Finance | $16.53 | $14.00 | -15.31% | Hold |
| CIM | Chimera Investment | $14.82 | $7.25 | -51.08% | Hold |