PennyMac Mortgage Investment Trust (PMT) Research

PennyMac Mortgage Investment Trust (PMT) functions as a specialized financial firm, concentrating its investments primarily on mortgage-related assets within the United States. The company operates through several key divisions: Its Credit Sensitive Strategies segment channels capital into various instruments, including credit risk transfer (CRT) agreements and securities, distressed loans, real estate holdings, and non-agency subordinated bonds. The Interest Rate Sensitive Strategies segment focuses on investments such as mortgage servicing rights, excess servicing spreads, and both agency and senior non-agency mortgage-backed securities (MBS), while also undertaking related interest rate hedging activities. Through its Correspondent Production segment, PMT engages in the acquisition, pooling, and subsequent resale of newly originated prime credit residential loans, either directly or packaged as MBS. The trust is externally managed by PNMAC Capital Management, LLC. For federal income tax purposes, PennyMac Mortgage Investment Trust qualifies as a real estate investment trust (REIT). This status generally allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its shareholders. PMT was founded in 2009 and has its headquarters situated in Westlake Village, California.

Market snapshot

Symbol
PMT
Price
$10.25
Day change
+1.89%
Market cap
$893.8M
P/E ratio
6.25x
52-week range
9.83-13.81
Sector
Real Estate
Industry
REIT - Mortgage
Next earnings
in 1 month
Analyst price target
$11.75

Recent news

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Peer companies

  • Ares Commercial Real Estate Corporation (ACRE)
  • Apollo Commercial Real Estate Finance, Inc. (ARI)
  • Dynex Capital, Inc. (DX)
  • Ellington Credit Company (EARN)
  • Ellington Financial Inc. (EFC)
  • KKR Real Estate Finance Trust Inc. (KREF)
  • New York Mortgage Trust, Inc. (NYMT)
  • Redwood Trust, Inc. (RWT)

Recent insider activity

  • Scott Sauer — trade (0 shares) on 2026-06-15
  • Sebring Marshall — trade (0 shares) on 2026-03-09
  • Iyer Shiva — trade (0 shares) on 2026-03-09
  • Tidmore Abbie — F-InKind (484 shares) on 2026-03-12
  • STARK DEREK — F-InKind (931 shares) on 2026-03-12

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