
PMT Stock Forecast & Price Target
PMT Analyst Ratings
Bulls say
PennyMac Mortgage Investment Trust demonstrated notable growth in total conventional volume, which increased approximately 12% to $2.74 billion, compared to $2.45 billion from the previous period, indicating a strong demand in their mortgage lending activities. The company also projected a robust current run-rate return on equity (ROE) of 9.9%, suggesting an increase in quarterly earnings to $0.38, up from $0.35, reflecting positive operational efficiency. Additionally, while total leverage rose to 7.8 times, the company's ability to manage its debt is highlighted by a more modest increase in leverage excluding non-recourse debt, which rose to 5.6 times from 5.1 times.
Bears say
PennyMac Mortgage Investment Trust has experienced a reduction in its book value in the second quarter, contributing to a diminished outlook on its financial performance and a prolonged path to achieving a double-digit return on equity (ROE). Additionally, the decrease in servicing unpaid principal balance (UPB), from $224.6 billion to $221.6 billion, signals a slight decline in the company’s mortgage servicing capabilities. Although mortgage servicing rights (MSRs) remained relatively stable, decreasing marginally from $3.77 billion to $3.74 billion, overall performance metrics suggest underlying challenges that warrant a negative outlook on the stock.
This aggregate rating is based on analysts' research of PennyMac Mortgage Investment and is not a guaranteed prediction by Public.com or investment advice.
PMT Analyst Forecast & Price Prediction
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