Home » USA Broker Ratings » PennyMac Mortgage Investment Tr – Consensus Indicates Potential 13.5% Upside

PennyMac Mortgage Investment Tr – Consensus Indicates Potential 13.5% Upside

PennyMac Mortgage Investment Tr with ticker code (PMT) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 21 and 17 calculating the average target price we see 18.89. Now with the previous closing price of 16.64 this is indicating there is a potential upside of 13.5%. The day 50 moving average is 16.93 and the 200 day moving average is 15.06. The market cap for the company is $1,642m. 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, including firm commitment to purchase 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 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 mortgage-backed securities (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.

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