
PMT Stock Forecast & Price Target
PMT Analyst Ratings
Bulls say
PennyMac Mortgage Investment Trust has demonstrated a notable increase in total conventional volume, rising approximately 12% to $2.74 billion from $2.45 billion, while jumbo volumes have remained relatively stable. The company projects a current run-rate return on equity (ROE) of 9.9%, indicating an anticipated earnings run rate increase to $0.38 per quarter, up from $0.35 per quarter. Additionally, total leverage has increased to 7.8x from 6.7x in the first quarter, suggesting a strengthening capital position and capacity for further growth.
Bears say
PennyMac Mortgage Investment Trust's negative outlook is primarily driven by a reduction in book value reported in the second quarter, which has contributed to a slower path toward achieving a double-digit return on equity (ROE). Additionally, the servicing unpaid principal balance (UPB) has seen a slight decline to $221.6 billion, down from $224.6 billion, indicating decreased business activity. Furthermore, mortgage servicing rights (MSRs) exhibited little change, decreasing marginally to $3.74 billion from $3.77 billion, reflecting stagnation in the company's asset performance.
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
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