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Upturn AI Summary - About
PennyMac Mortgage Investment Trust(PMT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PMT
10/30/2026: PMT (1-star) is currently NOT-A-BUY. Pass it for now.
PennyMac Mortgage Investment Trust is a specialized mortgage REIT that focuses on managing mortgage servicing rights and residential mortgage-related assets. By leveraging a strategic relationship with its affiliate, PennyMac Financial Services, the company benefits from a consistent flow of high-quality mortgage loans. Its primary investment story centers on generating yield through interest-rate-sensitive assets and servicing fee income. However, investors must consider significant risks, including high sensitivity to interest rate fluctuations, market volatility, and sector-specific competition. The stock is best suited for income-oriented investors comfortable with the risks inherent in mortgage markets, and interested parties should monitor interest rate trends and mortgage credit performance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company focuses on income generation rather than capital appreciation, making it less suitable for pure growth strategies. |
| Momentum investor | Weak fit | Momentum is often capped by the cyclical and rate-sensitive nature of the mortgage REIT industry. |
| Value investor | Strong fit | The stock often trades at a discount to book value, attracting value investors looking for asset-based plays. |
| Dividend investor | Strong fit | The REIT structure mandates dividend payouts, offering attractive yields for income-focused portfolios. |
| Low-risk investor | Weak fit | High sensitivity to interest rate and market volatility makes this sector unsuitable for low-risk capital preservation. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Mortgage REIT stocks often experience significant price swings based on interest rate sentiment. |
| Valuation risk | Medium | Market pricing relative to book value can fluctuate significantly based on liquidity and macro conditions. |
| Competition risk (Mortgage REIT sector) | High | The sector faces intense competition for yield, pressuring net interest margins. |
| Business quality | Medium | Dependence on external management and interest rate cycles creates cyclical performance risks. |
| Dividend income | Medium / high | Dividends are subject to REIT earnings which are sensitive to macroeconomic factors. |
| Execution risk | Medium | Success depends on the effective management of complex hedging and servicing operations. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -35.8% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/30/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 613.90M USD | Price to earnings Ratio 5.19 | 1Y Target Price 10.38 |
Price to earnings Ratio 5.19 | 1Y Target Price 10.38 | ||
Volume (30-day avg) 2.7M shares | Beta 1.17 | 52 Weeks Range 6.70 - 12.19 | Updated Date 11/01/2026 |
52 Weeks Range 6.70 - 12.19 | Updated Date 11/01/2026 | ||
Dividends yield (FY) 21.68% | Basic EPS (TTM) 1.44 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Mortgage Servicing | Income from MSRs including servicing fees and related adjustments. | PMT earns money by managing the ongoing administration of mortgages. |
| Investment Portfolio | Interest income from Agency MBS and CRT securities. | The company earns the spread between mortgage assets held and the cost of borrowing. |
| Correspondent Production | Gains from the acquisition and sale of mortgage loans. | Profit is generated by moving loans from originators into the secondary market. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-29 | When After Market | Estimate 0.31 | Actual 0.35 |
Profitability
Profit Margin 28.22% | Operating Margin (TTM) 10.86% |
Management Effectiveness
Return on Assets (TTM) 0.37% | Return on Equity (TTM) 4.53% |
Valuation
Trailing PE 5.19 | Forward PE 8.42 | Enterprise Value 25.75B | Price to Sales(TTM) 3.19 |
Enterprise Value 25.75B | Price to Sales(TTM) 3.19 | ||
Enterprise Value to Revenue 85.97 | Enterprise Value to EBITDA 5.74 | Shares Outstanding 87.20M | Shares Floating 71.66M |
Shares Outstanding 87.20M | Shares Floating 71.66M | ||
Percent Insiders 1.19 | Percent Institutions 77.16 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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