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Upturn AI SWOT - About
PMT 
PennyMac Mortgage Investment Trust (PMT)
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Upturn Advisory Summary
07/11/2025: 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 $13.86
1 Year Target Price $13.86
| 0 | Strong Buy |
| 2 | Buy |
| 7 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.4% | Avg. Invested days 28 | 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 07/11/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.10B USD | Price to earnings Ratio 13.54 | 1Y Target Price 13.86 |
Price to earnings Ratio 13.54 | 1Y Target Price 13.86 | ||
Volume (30-day avg) 9 | Beta 1.23 | 52 Weeks Range 11.05 - 14.02 | Updated Date 07/12/2025 |
52 Weeks Range 11.05 - 14.02 | Updated Date 07/12/2025 | ||
Dividends yield (FY) 12.44% | Basic EPS (TTM) 0.93 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 20.81% | Operating Margin (TTM) -3.33% |
Management Effectiveness
Return on Assets (TTM) 0.91% | Return on Equity (TTM) 6.37% |
Valuation
Trailing PE 13.54 | Forward PE 9.18 | Enterprise Value 14052466688 | Price to Sales(TTM) 1.85 |
Enterprise Value 14052466688 | Price to Sales(TTM) 1.85 | ||
Enterprise Value to Revenue 53.7 | Enterprise Value to EBITDA - | Shares Outstanding 87010600 | Shares Floating 71247766 |
Shares Outstanding 87010600 | Shares Floating 71247766 | ||
Percent Insiders 0.97 | Percent Institutions 72.82 |
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 by PennyMac Financial Services, Inc. PMT went public shortly after inception. It has grown significantly by capitalizing on market opportunities related to distressed and non-distressed mortgage assets.
Core Business Areas
- Credit Sensitive Strategies: Invests in distressed mortgages and mortgage-related assets, seeking to generate returns through rehabilitation, modification, or liquidation.
- Interest Rate Sensitive Strategies: Focuses on mortgage servicing rights (MSRs) and investments linked to interest rates, aiming to benefit from changes in interest rate environments.
- Correspondent Production: Acquires newly originated loans from correspondent sellers. These are generally high-quality loans for subsequent securitization.
Leadership and Structure
David Spector is the CEO. The company operates with a board of directors and is externally managed by PennyMac Advisers, LLC, a subsidiary of PennyMac Financial Services, Inc. This external management structure influences operational decisions.
Top Products and Market Share
Key Offerings
- Mortgage Servicing Rights (MSRs): MSRs represent the right to service mortgage loans in exchange for a fee. PMT is a significant investor in MSRs. Market share data isn't directly available for specific MSR holdings. Competitors include New Residential Investment Corp. (NRZ, now Rithm Capital), Annaly Capital Management (NLY), and AGNC Investment Corp (AGNC).
- Distressed Mortgage Loans: PMT invests in distressed and nonperforming mortgage loans, aiming to rehabilitate or liquidate them for profit. It competes with specialized distressed asset funds and other mortgage REITs.
- Correspondent Production: The loans originated through the correspondent channel are sold, and this operation generates income. Competitors are large mortgage lenders and aggregators.
Market Dynamics
Industry Overview
The mortgage REIT industry is highly sensitive to interest rate movements, housing market conditions, and regulatory changes. REITs face risks related to prepayment speeds, credit quality, and funding costs. The industry has become more competitive, especially with increased participation from non-bank lenders.
Positioning
PMT is a diversified mortgage REIT with exposure to both credit-sensitive and interest-rate-sensitive assets. Its competitive advantage lies in its relationship with PennyMac Financial Services, which provides access to origination platforms and servicing expertise.
Total Addressable Market (TAM)
The TAM for mortgage-related investments is vast, encompassing trillions of dollars in outstanding mortgage debt. PMT's TAM is related to the portion of the market for which they can acquire MSRs and the size of the market for distressed and newly originated mortgage loans. PMT is positioned to capture a share of these market sub segments.
Upturn SWOT Analysis
Strengths
- Relationship with PennyMac Financial Services
- Diversified investment portfolio
- Experienced management team
- Access to mortgage origination and servicing data
Weaknesses
- External management structure
- Sensitivity to interest rate fluctuations
- Reliance on leverage
- Complexity of investment portfolio
Opportunities
- Expansion into new mortgage-related asset classes
- Increased demand for mortgage servicing rights
- Strategic acquisitions
- Growth in correspondent lending
Threats
- Rising interest rates
- Increased competition
- Regulatory changes
- Economic recession
- Prepayment risk
- Credit Risk
Competitors and Market Share
Key Competitors
- RITM
- NLY
- AGNC
- IVR
Competitive Landscape
PMT faces competition from other mortgage REITs, hedge funds, and private equity firms. Its relationship with PennyMac Financial Services provides a competitive advantage, but it must manage interest rate risk and credit risk effectively.
Growth Trajectory and Initiatives
Historical Growth: PMT's growth has been driven by acquisitions of mortgage-related assets and expansion of its correspondent lending business. Past performance is not indicative of future results.
Future Projections: Future growth will depend on market conditions and the company's ability to deploy capital effectively. Analyst estimates vary and should be considered with caution.
Recent Initiatives: Recent initiatives include expanding correspondent production volumes and focusing on strategic investment opportunities in the mortgage market.
Summary
PennyMac Mortgage Investment Trust leverages its relationship with PennyMac Financial for sourcing and expertise. Its sensitivity to interest rates and external management structure pose risks. While diversification is a strength, careful monitoring of the mortgage market and effective capital deployment are crucial for future success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q), Investor Presentations, Analyst Reports, and Public News Sources.
Disclaimers:
This analysis is based on publicly available information and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. This is an AI-generated summarization.
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.
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