PennyMac Mortgage Investment Tr found using ticker (PMT) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 22 and 17 and has a mean target at 18.73. Now with the previous closing price of 16.38 this would imply there is a potential upside of 14.3%. The day 50 moving average is 16.69 and the 200 day MA is 18.74. The market capitalisation for the company is $1,615m. Find out more information at: https://www.pennymacmortgageinvestmenttrust.com
The potential market cap would be $1,847m based on the market concensus.
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company’s Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities. The company’s Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of 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 ome tax purposes. It generally would not be subject to federal corporate ome taxes if it distributes at least 90% of its taxable ome to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.
