Pennymac Mortgage Investment Trust | REIT Profile

Symbol: PMT
CIK: 1464423
Exchange: NYSE
Founded: 2009 (16 years)
HQ: Westlake Village, CA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage

See PMT on Yahoo Finance
See PMT on SEC.gov

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About Pennymac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (NYSE: PMT) is a specialty finance company that invests in a variety of residential mortgage loans and mortgage-related assets. PMT is managed by PNMAC Capital Management, LLC ("PCM" or our "Manager"), a subsidiary of PennyMac Financial Services, Inc. ("PennyMac") and an investment adviser registered with the Securities and Exchange Commission ("SEC") that specializes in, and focuses on, residential mortgage assets. All of the loans we acquire in our correspondent lending operations are acquired, pooled for sale, sold and/or securitized on our behalf by another PennyMac subsidiary, PennyMac Loan Services, LLC ("PLS" or our "Servicer"), which also services most of the loans we hold in our investment portfolio and almost all of the loans for which we retain the obligation to service as a result of our correspondent lending operations.


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Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$12.69 $12.89 $12.67 $12.72 $12.65 562,131 $0.04 0.32%

Last update: 2025-05-09 12:59:51 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 3.5

Dividend of Trading Day 2025-05-09


Dividend Yield: 12.5%*
Annualized Dividend: $1.6*
Dividend Yield (TTM): 12.5%
Annualized Dividend (TTM): $1.6
Ex-Dividend Date: 2025-04-11
Dividend Date: 2025-04-25
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest REIT Press Releases


See more Press Releases for Pennymac Mortgage Investment Trust

Key Stats of Trading Day 2025-05-09


Market Capitalization: $1,124,177,000 [?]
EBITDA: N/A [?]
P/E (Price-to-Earnings) Ratio: 13.80 [?]
PEG (Price/Earnings to Growth) Ratio: 2.12 [?]
Book Value: 15.64 [?]
Dividend Per Share (DPS): $1.60 [?]
Earnings Per Share (EPS): 0.93 [?]
Revenue Per Share (TTM): $6.81 [?]
Profit Margin: 20.80% [?]
Operating Margin (TTM): -3.30% [?]
Return on Assets (TTM): 0.91% [?]
Return on Equity (TTM): 6.40% [?]
Revenue (TTM): $591,251,000 [?]
Gross Profit (TTM): $463,411,000 [?]
Diluted EPS (TTM): $0.93 [?]
Quarterly Earnings Growth YOY: -5.40% [?]
Quarterly Revenue Growth YOY: 84.60% [?]
Trailing P/E: 13.80 [?]
Forward P/E: 9.43 [?]
Beta: 1.31 [?]
Price-to-Sales Ratio (TTM): 1.90 [?]
Price-to-Book (P/B): 0.83 [?]
Enterprise Value (EV) to Revenue: 53.89 [?]
EV to EBITDA: N/A [?]
Shares Outstanding: 87,011,000 [?]
52 Week High: $14.45 [?]
52 Week Low: $11.39 [?]
50 Day Moving Average: $13.80 [?]
200 Day Moving Average: $13.61 [?]

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $13.41 per share you would have been able to buy 74 shares of PMT on 2024-05-11 costing $992.34 @ $13.41 per share you would have been able to buy 37 shares of PMT on 2024-05-11 costing $496.17 @ $13.41 per share you would have been able to buy 18 shares of PMT on 2024-05-11 costing $241.38 @ $13.41 per share you would have been able to buy 7 shares of PMT on 2024-05-11 costing $93.87 @ $13.41 per share you would have been able to buy 3 shares of PMT on 2024-05-11 costing $40.23
Current worth On 2025-05-09 these 74 shares would be worth $943.87 @ $12.76 On 2025-05-09 these 37 shares would be worth $471.94 @ $12.76 On 2025-05-09 these 18 shares would be worth $229.59 @ $12.76 On 2025-05-09 these 7 shares would be worth $89.29 @ $12.76 On 2025-05-09 these 3 shares would be worth $38.27 @ $12.76
Dividends earned $118.40 in dividends would have been earned since 2024-05-11 with 74 shares. $59 in dividends would have been earned since 2024-05-11 with 37 shares. $28.80 in dividends would have been earned since 2024-05-11 with 18 shares. $11.20 in dividends would have been earned since 2024-05-11 with 7 shares. $4.80 in dividends would have been earned since 2024-05-11 with 37 shares.
Net (gain / loss)* 69.93 USD 34.97 USD 17.01 USD 6.62 USD 2.83 USD
ROI** 7.05% 7.05% 7.05% 7.05% 7.05%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by PMT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
PMT 2025-04-11 0.400 --- 2025-03-06 2025-04-11 2025-04-25
PMT 2024-12-27 0.400 --- 2024-12-13 2024-12-27 2025-01-24
PMT 2024-10-11 0.400 --- 2024-09-19 2024-10-11 2024-10-25
PMT 2024-07-12 0.400 --- 2024-06-13 2024-07-12 2024-07-26
PMT 2024-04-11 0.400 --- 2024-03-21 2024-04-12 2024-04-26
PMT 2023-12-28 0.400 --- 2023-12-06 2023-12-29 2024-01-26
PMT 2023-10-12 0.400 --- 2023-08-31 2023-10-13 2023-10-27
PMT 2023-07-13 0.400 --- 2023-06-09 2023-07-14 2023-07-28
PMT 2023-04-13 0.400 --- 2023-03-15 2023-04-14 2023-04-28
PMT 2022-12-29 0.400 -14.89% 2022-12-07 2022-12-30 2023-01-27
PMT 2022-10-13 0.470 --- 2022-09-21 2022-10-14 2022-10-28
PMT 2022-07-13 0.470 --- 2022-06-02 2022-07-14 2022-07-28

Financial Statements Overview


The next Earnings Report for PMT is

Balance Sheet | Quarterly


Assets 2025-03-31 2024-12-31 QoQ
Current Assets
  Cash and Cash Equivalents at Carrying Value 247,941,000 337,694,000
  Short-Term Investments 0 103,198,000
  Cash and Short Term Investments 247,941,000 337,694,000
  Current Net Receivables 0 0
  Inventory 0 0
  Other Current Assets 0 0
  Total Current Assets 247,941,000 337,694,000 -26.6%
Non-Current Assets
  Property Plant Equipment 0 0
  Accumulated Depreciation Amortization PPE 0 0
  Long-Term Investments 0 4,166,904,000
  Investments 0 0
  Intangible Assets Excluding Goodwill 0 3,867,394,000
  Goodwill 0 0
  Intangible Assets 0 3,867,394,000
  Other Non-Current Assets 0 0
  Total Non-Current Assets 0 8,034,298,000 -100.0%
  Total Assets 14,876,226,000 14,408,706,000 3.2%
Liabilities
Current Liabilities
  Current Accounts Payable 0 0
  Deferred Revenue 0 0
  Current Debt 0 0
  Short-Term Debt 3,456,490,000 3,535,650,000
  Current Long-Term Debt 0 0
  Short Long-Term Debt Total 3,456,490,000 3,535,650,000
  Other Current Liabilities 0 -3,872,857,000
  Total Current Liabilities 3,604,263,000 3,903,063,000 -7.7%
Non-Current Liabilities
  Long-Term Debt Noncurrent 0 0
  Long-Term Debt 0 5,587,618,000
  Capital Lease Obligations 0 0
  Other Non-Current Liabilities 0 0
  Total Non-Current Liabilities 9,369,245,000 8,770,695,000
  Total Liabilities 12,973,508,000 12,470,206,000 4.0%
Shareholders' Equity
  Common Stock 870,000 869,000
  Common Stock Shares Outstanding 0 86,815,000
  Treasury Stock 0 0
  Retained Earnings -564,536,000 -528,918,000
  Total Shareholder Equity 1,902,718,000 1,938,500,000 -1.8%

Amounts in USD ($)

Income Statement | Quarterly


2025-03-31 2024-12-31 QoQ
Total Revenue 3,917,000 69,808,000 -94.4%
  Cost of Revenue   6,982,000   0
  Cost of Goods and Services Sold   6,982,000   0
Gross Profit -3,065,000 69,808,000 -104.4%
  Research and Development   0   0
  Selling General and Administrative   2,970,000   997,000
  Depreciation   0   0
  Depreciation and Amortization   0   0
  Operating Expenses   2,970,000   69,808,000
Operating Income -6,035,000 -406,509,000 -98.5%
  EBIT (Earnings Before Interest and Tax)   0   0
  Investment Income Net   0   0
  Net Interest Income   -6,046,000   -63,650,000
  Interest Income   176,091,000   123,470,000
  Interest Expense   182,137,000   187,120,000
  Interest and Debt Expense   0   0
  Non Interest Income   0   0
  Other Non Operating Income   0   0
Income Before Tax -6,299,000 55,124,000 -111.4%
  Income Tax Expense -15,979,000 8,589,000
Net Income from Continuing Operations 9,680,000 46,535,000
Net Income 9,680,000 46,535,000 -79.2%
Comprehensive Income Net of Tax 0 0
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) 175,838,000 0

Amounts in USD ($)

Cash Flow | Quarterly


Cash Flows from Operating Activities 2025-03-31 2024-12-31 QoQ
  Net Income 9,680,000 45,959,000 -78.9%
  Depreciation, Depletion, and Amortization 0 -4,451,000
  Change in Receivables 0 0
  Change in Inventory 0 0
  Change in Operating Assets 0 0
  Change in Operating Liabilities 0 0
  Payments for Operating Activities 0 0
  Proceeds from Operating Activities 0 0
  Profit Loss 0 0
  Net Cash Provided by Operating Activities -594,267,000 -1,620,502,000 -63.3%
Cash Flows from Investing Activities
  Capital Expenditures 0 1,282,000
  Net Cash Used in Investing Activities 0 0
Cash Flows from Financing Activities
  Proceeds from Issuance of Common Stock 0 0
  Proceeds from Issuance of Preferred Stock 0 0
  Proceeds from Issuance of Long-Term Debt 0 0
  Proceeds from Repurchase of Equity 0 0
  Proceeds from Sale of Treasury Stock 0 0
  Repayment of Short-Term Debt 0 0
  Payments for Repurchase of Common Stock 0 0
  Payments for Repurchase of Preferred Stock 0 0
  Payments for Repurchase of Equity 0 0
  Dividend Payout 45,293,000 45,305,000
  Dividend Payout - Common Stock 45,293,000 45,305,000
  Dividend Payout - Preferred Stock 0 0
  Net Cash Provided by Financing Activities 464,286,000 1,341,978,000 -65.4%
Other Items
  Effect of Exchange Rate on Cash 0 0
  Net Increase in Cash and Cash Equivalents 0 0

Amounts in USD ($)

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.0
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.0
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.3
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.1
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.8
Rating Asset & Revenue Section Avg. Rating
1 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.4
0 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.5
0 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.3
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
6 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.2
3.5 Overall REITRating™ Score (See trend) 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2025-05-11 - v6.3