
PMT Stock Forecast & Price Target
PMT Analyst Ratings
Bulls say
PennyMac Mortgage Investment Trust experienced a significant increase in total conventional volume, rising approximately 12% to $2.74 billion from $2.45 billion, while jumbo volumes remained stable at $346 million. The projected current run-rate return on equity (ROE) of 9.9% indicates a rising earnings run rate of $0.38 per quarter, up from $0.35 in the previous quarter. Additionally, total leverage rose to 7.8x from 6.7x in the first quarter, with leverage excluding non-recourse debt increasing to 5.6x from 5.1x, reflecting the company's ability to manage its financial strategy effectively amidst changing market conditions.
Bears say
The financial outlook for PennyMac Mortgage Investment Trust appears negative due to a decrease in book value reported in the second quarter, along with a slower trajectory toward achieving a double-digit return on equity (ROE). Additionally, the company's servicing unpaid principal balance (UPB) declined to $221.6 billion, representing a slight reduction from the previous quarter's $224.6 billion. Moreover, mortgage servicing rights (MSRs) have remained relatively stable at $3.74 billion, showing a minor decrease from $3.77 billion, indicating constrained growth in this critical asset segment.
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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