PennyMac Mortgage Investment Tr – Consensus Indicates Potential 5.8% Upside

Broker Ratings

PennyMac Mortgage Investment Tr found using ticker (PMT) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 23 and 19 calculating the average target price we see 20.89. Given that the stocks previous close was at 19.75 this would indicate that there is a potential upside of 5.8%. There is a 50 day moving average of 19.29 and the 200 day moving average is 19.76. The company has a market capitalisation of $1,922m. Find out more information at: http://www.pennymacmortgageinvestmenttrust.com

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in mortgage-related assets in the United States. The company operates through Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. The company’s 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); and related interest rate hedging activities. Its Correspondent Production segment engages 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 income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.

You can now share this on Stocktwits, just click the logo below and add the ticker in the text to be seen.

Share on Stocktwits
You might also enjoy reading  PennyMac Mortgage Investment Tr - Consensus Indicates Potential 16.8% Upside

Good news travels fast (but only if you make that happen). Share on:

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email
Share on reddit
Reddit

AIM All Share Index