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 $14.25 (represents a 12.29% upside from PMT’s last price of $12.69) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.

PMT Price Target

The average price target for PennyMac Mortgage Investment Trust (PMT) is $14.25 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $14.50 to $14.00. This represents a potential 12.29% upside from PMT's last price of $12.69.

PMT Analyst Ratings

Hold

According to 6 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' (16.67%), 5 'Hold' (83.33%), 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
Jan 03, 2025	Mark DeVries	Deutsche Bank	$14.00	$12.67	10.50%	10.32%
Oct 23, 2024	Crispin Love	Piper Sandler	$14.50	$13.67	6.07%	14.26%
May 09, 2024	Crispin Love	Piper Sandler	$15.00	$14.60	2.74%	18.20%
Apr 26, 2022		JMP Securities	$18.00	$15.23	18.19%	41.84%

The latest PennyMac Mortgage Investment Trust stock forecast, released on Jan 03, 2025 by Mark DeVries from Deutsche Bank, set a price target of $14.00, which represents a 10.50% increase from the stock price at the time of the forecast ($12.67), and a 10.32% increase from PMT last price ($12.69).

PennyMac Mortgage Investment Trust Price Target by Period

	1M	3M	12M
# Anlaysts	1	1	3
Avg Price Target	$14.00	$14.00	$14.50
Last Closing Price	$12.69	$12.69	$12.69
Upside/Downside	10.32%	10.32%	14.26%

In the current month, the average price target of PennyMac Mortgage Investment Trust stock is $14.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 10.32% increase as opposed to PennyMac Mortgage Investment Trust's last price of $12.69. This month's average price target is down 0.00% compared to last quarter, and down -3.45% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jan 03, 2025	Deutsche Bank	Hold	Hold	Hold
Oct 23, 2024	Piper Sandler	Neutral	Neutral	Hold
Jul 19, 2024	JMP Securities	Outperform	Outperform	Hold
Jul 10, 2024	Wedbush	Neutral	Neutral	Hold
Jul 10, 2024	Piper Sandler	Underperform	Underperform	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 Deutsche Bank on Jan 03, 2025. The company gave PMT a "Hold" 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	$100.71M	$100.08M	$100.01M	$95.78M	$101.53M	$99.72M	$98.07M	$93.38M	$93.95M	$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	$103.83M	$103.18M	$103.10M	$98.74M	$104.67M	$102.81M	$101.11M	$93.67M	$103.05M	$94.00M	$91.19M	$85.22M	$107.37M	$92.57M	$115.39M	$96.23M	$112.32M	$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	$98.20M	$97.59M	$97.51M	$93.39M	$99.00M	$97.23M	$95.63M	$93.07M	$85.05M	$92.52M	$91.19M	$85.22M	$70.29M	$61.72M	$109.13M	$91.02M	$97.59M	$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	1	1	1	1	1	1	1	3	4	2	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	1	1	1	1	1	1	1	3	4	2	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	$76.60M	$76.12M	$76.06M	$72.85M	$77.22M	$75.85M	$74.60M	$71.03M	$71.46M	$70.93M	$69.36M	$62.00	$66.01M	$58.41M	$85.13M	$67.00	$78.49M	$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	$78.97M	$78.48M	$78.42M	$75.10M	$79.62M	$78.19M	$76.91M	$71.25M	$78.38M	$71.49M	$69.36M	$75.00	$81.67M	$70.41M	$87.76M	$81.00	$85.43M	$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	$74.69M	$74.23M	$74.17M	$71.03M	$75.30M	$73.96M	$72.74M	$70.79M	$64.69M	$70.37M	$69.36M	$50.00	$53.47M	$46.95M	$83.01M	$54.00	$74.23M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	-0.03%	-0.04%	0.55%	3252805.97%	-2.04%	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 $58.41M, with a high of $70.41M and a low of $46.95M. This is 24.68% upper 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	1	1	1	1	1	1	1	3	4	2	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	$34.05M	$34.64M	$34.77M	$33.67M	$34.24M	$33.09M	$32.82M	$31.12M	$31.06M	$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	$35.42M	$36.03M	$36.17M	$35.03M	$35.62M	$34.42M	$34.14M	$33.87M	$33.72M	$30.16M	$29.52M	$-57.00	$50.02M	$33.31M	$30.09M	$-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	$32.94M	$33.51M	$33.64M	$32.58M	$33.13M	$32.01M	$31.75M	$28.38M	$24.84M	$29.86M	$29.50M	$-86.00	$16.67M	$16.23M	$27.99M	$-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	1	1	1	1	1	1	1	3	4	2	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	$3.67M	$3.65M	$3.65M	$3.49M	$3.70M	$3.64M	$3.58M	$3.41M	$3.43M	$3.40M	$3.33M	$1.55M	$3.17M	$2.80M	$4.08M	$1.66M	$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	$3.79M	$3.76M	$3.76M	$3.60M	$3.82M	$3.75M	$3.69M	$3.42M	$3.76M	$3.43M	$3.33M	$3.11M	$3.92M	$3.38M	$4.21M	$3.32M	$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	$3.58M	$3.56M	$3.56M	$3.41M	$3.61M	$3.55M	$3.49M	$3.40M	$3.10M	$3.38M	$3.33M	$2.00	$2.56M	$2.25M	$3.98M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	0.73%	0.70%	0.31%	0.93%	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 $1.55M, based on 1 Wall Street analysts, with a range of $2.00 to $3.11M. The forecast indicates a -33.20% 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	1	1	1	1	1	1	1	3	4	2	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	$0.40	$0.39	$0.39	$0.38	$0.38	$0.36	$0.36	$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	$0.41	$0.41	$0.42	$0.40	$0.41	$0.40	$0.39	$0.39	$0.39	$0.35	$0.34	$0.31	$0.58	$0.38	$0.35	$0.32	$0.41	$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	$0.38	$0.39	$0.39	$0.38	$0.38	$0.37	$0.37	$0.33	$0.29	$0.34	$0.34	$0.31	$0.19	$0.19	$0.32	$0.30	$0.34	$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
ARI	Apollo Commercial Real Estate Finance	$8.79	$13.50	53.58%
MFA	MFA Financial	$10.12	$14.25	40.81%	Buy
TRTX	TPG RE Finance Trust	$8.32	$11.13	33.77%	Buy
KREF	KKR Real Estate Finance Trust	$10.02	$13.00	29.74%	Buy
RC	Ready Capital	$6.66	$8.50	27.63%	Hold
TWO	Two Harbors Investment	$11.77	$15.00	27.44%	Buy
ACRE	Ares Commercial Real Estate	$5.64	$7.00	24.11%	Hold
EARN	Ellington Residential Mortgage REIT	$6.58	$8.00	21.58%	Buy
PMT	PennyMac Mortgage Investment Trust	$12.69	$14.25	12.29%	Hold
EFC	Ellington Financial	$12.45	$13.50	8.43%	Buy
IVR	Invesco Mortgage Capital	$8.15	$8.00	-1.84%	Hold
NREF	NexPoint Real Estate Finance	$15.25	$14.00	-8.20%	Hold
CIM	Chimera Investment	$14.31	$7.25	-49.34%	Hold

PMT Forecast FAQ

Is PennyMac Mortgage Investment Trust a good buy?

No, according to 6 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 16.67% of PMT's total ratings.

What is PMT's price target?

PennyMac Mortgage Investment Trust (PMT) average price target is $14.25 with a range of $14 to $14.5, implying a 12.29% from its last price of $12.69. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will PennyMac Mortgage Investment Trust stock go up soon?

According to Wall Street analysts' prediction for PMT stock, the company can go up by 12.29% (from the last price of $12.69 to the average price target of $14.25), up by 14.26% based on the highest stock price target, and up by 10.32% based on the lowest stock price target.

Can PennyMac Mortgage Investment Trust stock reach $20?

PMT's average twelve months analyst stock price target of $14.25 does not support the claim that PennyMac Mortgage Investment Trust can reach $20 in the near future.

What is PennyMac Mortgage Investment Trust's current price target trend?

1 Wall Street analyst forecast a $14 price target for PennyMac Mortgage Investment Trust (PMT) this month, up 10.32% from its last price of $12.69. Compared to the last 3 and 12 months, the average price target increased by 10.32% and increased by 14.26%, respectively.

What are PennyMac Mortgage Investment Trust's analysts' financial forecasts?

PennyMac Mortgage Investment Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $392.7M (high $402.26M, low $384.93M), average EBITDA is $298.69M (high $305.96M, low $292.78M), average net income is $131.27M (high $138.04M, low $125.28M), average SG&A $14.33M (high $14.67M, low $14.04M), and average EPS is $1.51 (high $1.59, low $1.44). PMT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $396.58M (high $408.86M, low $386.69M), average EBITDA is $301.64M (high $310.98M, low $294.12M), average net income is $137.12M (high $142.64M, low $132.68M), average SG&A $14.47M (high $14.92M, low $14.11M), and average EPS is $1.58 (high $1.64, low $1.53).

Did the PMT's actual financial results beat the analysts' financial forecasts?

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 $209.55M by -111.96%. The company's net income was $157.84M, beating the average estimation of $83.73M by 88.50%. Apple's SG&A was $7.11M, missing the average forecast of $11.71M by -39.32%. 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 $66.01M by -102.83%. PennyMac Mortgage Investment Trust's net income was $52.91M, beating the average estimation of $29.18M by 81.33%. The company's SG&A was $2.33M, missing the average forecast of $3.17M by -26.50%. Lastly, the company's EPS was $0.48, beating the average prediction of $0.336 by 42.88%