PennyMac Mortgage Investment Trust Stock Forecast, Price & News NYSE:PMT

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. According to 8 analysts, the average rating for PMT stock is “Buy.” The 12-month stock price forecast is $14.17, which is an increase of 10.88% from the latest price. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.

• An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
• And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
• These are established companies that reliably pay dividends.
• According to 8 analysts, the average rating for PMT stock is “Buy.” The 12-month stock price forecast is $14.17, which is an increase of 10.88% from the latest price.

6 Wall Street research analysts have issued 12 month price objectives for PennyMac Mortgage Investment Trust’s stock. Their PMT share price forecasts range from $14.00 to $16.00. On average, they expect the company’s stock price to reach $14.83 in the next twelve months.

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

PennyMac Mortgage Investment Trust (NYSE:PMT)

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Once the Fed stops tightening, the mortgage-backed security market should return to normal. © Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. Check out the securities going ex-dividend this week with an increased payout. Dividend capture strategy is based on PMT’s historical data.

Certain financial information included in Dividend.com is proprietary to Mergent, Inc. (“Mergent”) Copyright © 2014. Reproduction of such information in any form is prohibited. See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Portfolio management news, reports, video and more. Generate fixed income from corporates that prioritize environmental, social and governance responsibility. One share of PMT stock can currently be purchased for approximately $12.78.

PennyMac Mortgage Investment Trust has been rated by B. Riley, JMP Securities, and Piper Sandler in the past 90 days. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 8% Sell with a Weakest short term outlook on maintaining the current direction. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.

Sign-up to receive the latest news and ratings for PMT and its competitors with MarketBeat’s FREE daily newsletter. The technique has proven to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success.

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Build conviction from in-depth coverage of the best dividend stocks. PennyMac Mortgage Investment Trust’s stock is owned by a variety of retail and institutional investors. Insiders that own company stock include Catherine A Lynch, David Spector, Doug Jones, Marianne Sullivan, Scott W Carnahan, Scott W Carnahan and Stacey D Stewart. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.

This suggests a possible upside of 16.1% from the stock’s current price. View analysts price targets for PMT or view top-rated stocks among Wall Street analysts. 6 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for PennyMac Mortgage Investment Trust in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock.

PennyMac Mortgage Investment Trust (PMT) Stock Forecast, Price & News

That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The lowest yield among these three stocks is 11.5%, but they aren’t exactly low-risk. Mark Calabria said he does not see any evidence of a systemic crisis among non-bank mortgage servicing firms.

Past performance is no guarantee of future results. Learn from industry thought leaders and expert market participants. amazonshareprice You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend.

• Schedule monthly income from dividend stocks with a monthly payment frequency.
• © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
• According to analysts, PennyMac Mortgage Investment Trust’s stock has a predicted upside of 11.42% based on their 12-month price targets.
• High-growth stocks tend to represent the technology, healthcare, and communications sectors.

Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. According to analysts, PennyMac Mortgage Investment Trust’s stock has a predicted upside of 11.42% based on their 12-month price targets. Quickest stock price recoveries post dividend payment.

This trading strategy invovles purchasing a stock just before the ex-dividend date in order to collect the dividend and then selling after the stock price has recovered. To see all exchange delays and terms of use, please see disclaimer. For more insight on analysts targets of PMT, see our PMT price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum.

PennyMac Mortgage Investment and Universal Corp. Increase Dividend

The consensus among Wall Street analysts is that investors should “hold” PMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares. The average twelve-month price prediction for PennyMac Mortgage Investment Trust is $14.83 with a high price target of $16.00 and a low price target of $14.00.

Schedule monthly income from dividend stocks with a monthly payment frequency. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. https://1investing.in/ To see all exchange delays and terms of use please see Barchart’s disclaimer. PennyMac Mortgage Investment Trust declared a quarterly dividend on Thursday, August 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.40 per share on Friday, October 27th.

This represents a $1.60 dividend on an annualized basis and a yield of 12.52%. Among the companies with shares expected to actively trade in Friday’s session are Marvell Technology Group Ltd. CRMT Marvell reported disappointing quarterly resul… PennyMac Mortgage Investment Trust invests primarily in residential mortgage loans and mortgage-related assets. The company was founded in 2009 and is based in Moorpark, California.

PMT

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