Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
PMT 
PennyMac Mortgage Investment Trust (PMT)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/24/2025: PMT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $13.5
1 Year Target Price $13.5
| 0 | Strong Buy |
| 2 | Buy |
| 7 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -24.8% | Avg. Invested days 26 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/24/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.10B USD | Price to earnings Ratio 17.51 | 1Y Target Price 13.5 |
Price to earnings Ratio 17.51 | 1Y Target Price 13.5 | ||
Volume (30-day avg) 9 | Beta 1.29 | 52 Weeks Range 10.69 - 13.56 | Updated Date 10/26/2025 |
52 Weeks Range 10.69 - 13.56 | Updated Date 10/26/2025 | ||
Dividends yield (FY) 3.18% | Basic EPS (TTM) 0.72 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-10-21 | When After Market | Estimate 0.38 | Actual 0.55 |
Profitability
Profit Margin 21.61% | Operating Margin (TTM) 21.8% |
Management Effectiveness
Return on Assets (TTM) 0.77% | Return on Equity (TTM) 6.4% |
Valuation
Trailing PE 17.51 | Forward PE 8.42 | Enterprise Value 17638459392 | Price to Sales(TTM) 1.94 |
Enterprise Value 17638459392 | Price to Sales(TTM) 1.94 | ||
Enterprise Value to Revenue 64.74 | Enterprise Value to EBITDA - | Shares Outstanding 87016604 | Shares Floating 71947069 |
Shares Outstanding 87016604 | Shares Floating 71947069 | ||
Percent Insiders 0.97 | Percent Institutions 70.39 |
Upturn AI SWOT
PennyMac Mortgage Investment Trust
Company Overview
History and Background
PennyMac Mortgage Investment Trust (PMT) was founded in 2009 as a specialty finance company focused on investing in mortgage-related assets. It was formed to capitalize on distressed mortgage assets following the 2008 financial crisis and has since evolved into a diversified mortgage REIT.
Core Business Areas
- Credit Sensitive Strategies: Invests in credit-sensitive assets, including distressed mortgages, re-performing loans, and non-agency mortgage-backed securities.
- Interest Rate Sensitive Strategies: Invests in interest rate-sensitive assets, such as agency mortgage-backed securities and mortgage servicing rights (MSRs).
- Correspondent Production: Acquires newly originated mortgage loans from correspondent lenders.
Leadership and Structure
David Spector serves as Chairman and CEO. The company is structured as a real estate investment trust (REIT) and operates with a management team overseeing various investment and operational strategies.
Top Products and Market Share
Key Offerings
- Mortgage Servicing Rights (MSRs): Rights to service mortgage loans, generating income from servicing fees. PMT is a major player in MSR investment. Market share fluctuates with acquisitions and sales. Competitors include New Residential Investment Corp (NRZ, now Rithm Capital Corp RITM) and Annaly Capital Management (NLY).
- Agency Mortgage-Backed Securities (MBS): Investments in MBS guaranteed by government-sponsored enterprises like Fannie Mae and Freddie Mac. Market share is harder to define due to the vastness of the agency MBS market. Competitors are all other REITs and investment firms that invest in agency MBS.
- Credit Risk Transfer (CRT) Securities: Securities tied to the performance of pools of mortgages. Competitors include other REITs and hedge funds focused on structured credit.
Market Dynamics
Industry Overview
The mortgage REIT industry is sensitive to interest rate movements, credit spreads, and housing market conditions. Regulatory changes and economic cycles significantly impact profitability.
Positioning
PMT is a diversified mortgage REIT with expertise in both credit and interest rate strategies. Its relationship with PennyMac Financial Services (PFSI) provides a sourcing advantage for mortgage assets.
Total Addressable Market (TAM)
The TAM is massive given the size of the U.S. mortgage market. PMT is positioned to capture a portion of the market through its various investment strategies and correspondent lending platform. Estimates place the overall US mortgage market at over $10 Trillion with mortgage servicing rights making up significant share.
Upturn SWOT Analysis
Strengths
- Strong relationship with PennyMac Financial Services (PFSI)
- Experienced management team
- Diversified investment strategies
- Expertise in mortgage credit
Weaknesses
- Sensitivity to interest rate volatility
- Complex accounting for MSRs
- Reliance on external manager
- Credit risk in certain asset classes
Opportunities
- Growth in mortgage originations
- Expansion of correspondent lending platform
- Increased demand for private label securities
- Distressed asset opportunities in a downturn
Threats
- Rising interest rates
- Economic recession
- Increased competition
- Regulatory changes
Competitors and Market Share
Key Competitors
- RITM
- NLY
- AGNC
- IVR
Competitive Landscape
PMT benefits from its relationship with PFSI, providing it with a sourcing advantage. However, it faces competition from larger, more established REITs with greater access to capital.
Major Acquisitions
Ginnie Mae MSR Portfolio
- Year: 2021
- Acquisition Price (USD millions): 344
- Strategic Rationale: Expanded servicing portfolio and increased exposure to government-backed mortgages.
Growth Trajectory and Initiatives
Historical Growth: PMT's growth has been driven by acquisitions of MSRs, expansion of its correspondent lending business, and strategic investments in mortgage-related assets.
Future Projections: Future growth will depend on management's ability to navigate the changing interest rate environment and capitalize on market opportunities. Analyst estimates vary depending on economic conditions.
Recent Initiatives: Recent initiatives include expanding the correspondent production platform and actively managing its portfolio of mortgage-related assets.
Summary
PennyMac Mortgage Investment Trust is a diversified mortgage REIT that leverages its relationship with PFSI. The company's performance is highly sensitive to interest rate movements and credit market conditions. Its success hinges on effective portfolio management and ability to capitalize on market dislocations and expand its correspondent platform, while managing credit risk.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (10-K, 10-Q), Investor Presentations, Press Releases, Analyst Reports.
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Investment decisions should be made after consulting with a qualified financial advisor. Market share estimates are approximate and based on available data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PennyMac Mortgage Investment Trust
Exchange NYSE | Headquaters Westlake Village, CA, United States | ||
IPO Launch date 2009-07-30 | Chairman of the Board & CEO Mr. David A. Spector | ||
Sector Real Estate | Industry REIT - Mortgage | Full time employees 7 | Website https://pmt.pennymac.com |
Full time employees 7 | Website https://pmt.pennymac.com | ||
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, base servicing and excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. The Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit quality loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities. 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. The company was incorporated in 2009 and is headquartered in Westlake Village, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.