
PMT Stock Forecast & Price Target
PMT Analyst Ratings
Bulls say
PennyMac Mortgage Investment Trust experienced a substantial 12% increase in total conventional volume, rising to $2.74 billion from $2.45 billion, while jumbo volumes remained stable at $346 million. The company’s projected run-rate return on equity of 9.9% indicates an upward trend in earnings, anticipating a quarterly run rate increase from $0.35 to $0.38. Additionally, total leverage rose to 7.8x, reflecting an increase from 6.7x in the previous quarter, suggesting a robust operational capacity that positions the company favorably in the market.
Bears say
PennyMac Mortgage Investment Trust's negative outlook is primarily driven by a reduction in book value during the second quarter and an extended timeline to achieve double-digit returns on equity (ROE). Additionally, the company's servicing unpaid principal balance (UPB) has experienced a slight decline, from $224.6 billion to $221.6 billion, indicating a potential weakening in its mortgage servicing operations. Furthermore, while mortgage servicing rights (MSRs) remained relatively stable at $3.74 billion, this minor decrease from $3.77 billion does not suggest significant improvement in the company's financial health.
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
Start investing in PMT
Order type
Buy in
Order amount
Est. shares
0 shares