What is B. Riley’s Estimate for PMT Q2 Earnings?

PennyMac Mortgage Investment Trust (NYSE:PMT) – B. Riley lifted their Q2 2026 earnings estimates for PennyMac Mortgage Investment Trust in a report issued on Sunday, October 27th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.44. B. Riley currently has a “Buy” rating and a $16.00 price target on the stock. The consensus estimate for PennyMac Mortgage Investment Trust’s current full-year earnings is $1.27 per share.

PMT has been the subject of a number of other research reports. Piper Sandler reduced their price objective on PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. JMP Securities increased their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the company a “market outperform” rating in a research report on Friday, July 19th. Wedbush reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of PennyMac Mortgage Investment Trust from $15.50 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.93.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PMT opened at $13.48 on Wednesday. The stock has a 50 day moving average of $14.03 and a 200 day moving average of $13.96. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 8.98 and a beta of 1.51. PennyMac Mortgage Investment Trust has a 12 month low of $12.48 and a 12 month high of $15.89. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.56.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. The firm had revenue of $80.86 million for the quarter, compared to the consensus estimate of $93.75 million. During the same period in the prior year, the business earned $0.51 EPS.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.87%. The ex-dividend date was Friday, October 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 106.67%.

Insiders Place Their Bets

In other news, Director Doug Jones sold 37,010 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.01, for a total value of $518,510.10. Following the sale, the director now owns 49,114 shares of the company’s stock, valued at $688,087.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On PennyMac Mortgage Investment Trust

Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in PennyMac Mortgage Investment Trust by 18.2% during the 3rd quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust’s stock worth $7,221,000 after purchasing an additional 77,955 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of PennyMac Mortgage Investment Trust by 5.0% in the third quarter. QRG Capital Management Inc. now owns 23,036 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 1,093 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of PennyMac Mortgage Investment Trust by 4.4% in the third quarter. Janney Montgomery Scott LLC now owns 56,794 shares of the real estate investment trust’s stock valued at $810,000 after acquiring an additional 2,387 shares during the period. Nisa Investment Advisors LLC grew its stake in PennyMac Mortgage Investment Trust by 93.2% during the third quarter. Nisa Investment Advisors LLC now owns 64,772 shares of the real estate investment trust’s stock valued at $924,000 after acquiring an additional 31,253 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in PennyMac Mortgage Investment Trust by 1,607.2% during the 3rd quarter. International Assets Investment Management LLC now owns 367,908 shares of the real estate investment trust’s stock worth $5,246,000 after acquiring an additional 346,358 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.