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PMTPennyMac Mortgage Investment Trust
$8.73$761M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
PMT logo

PennyMac Mortgage Investment Trust

PMT
NYSE · Mortgage REITs
$8.73
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$761M
P/E8.8x
52W High$13.81
Volume1.69M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Extreme Leverage Amplifies Volatile Mortgage Portfolio Returns

PennyMac Mortgage Investment Trust's revenue has surged 101.4% year-over-year in Q2 2026, driven by a portfolio shift toward higher-margin assets like MSRs, as evidenced by the NOI margin expansion to 93.1%. However, this growth is entirely debt-funded, with t...

GrowthAccelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

PMT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

+8% Peers

P/E is 8% above peer median

03

Market leadership

RS 22 · Lag

Laggard (Underperforming 78% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
PMT-24.66%
S&P 500 (^GSPC)+12.39%
1-Year Return
PMT-14.06%
S&P 500 (^GSPC)+15.77%
3-Year Return
PMT+9.39%
S&P 500 (^GSPC)+76.00%
5-Year Return
PMT-13.85%
S&P 500 (^GSPC)+72.16%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
8.8x
Forward P/EExpansion
8.6x
EV/EBITDA75th %ile
208.7x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
8.8x
12.7x
0th· Low
EV/EBITDA
208.7x
21.2x
75th· Fair
Price/FCF
N/A
1.3x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.74B+245.8% YoY
Net income
$128M-20.6% YoY
Free cash flow
-$7.21B-164.0% YoY
Operating margin
79%+13.3 pts YoY
ROIC (TTM)6%
Avg ROIC 5Y-
ROE (TTM)6.7%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.23-24.5%
vs $0.30
$73M-22.3%
vs $94M
Q2 2026
May 5, 2026
$0.16-55.6%
vs $0.36
$82M-11.6%
vs $93M
Q1 2026
Jan 29, 2026
$0.48+17.1%
vs $0.41
$94M-5.0%
vs $98M
Q4 2025
Oct 21, 2025
$0.55+52.8%
vs $0.36
$62M-36.5%
vs $98M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·21h ago
PennyMac Mortgage Investment Trust (NYSE:PMT) Sets New 52-Week Low – Should You Sell?

PennyMac Mortgage Investment Trust (NYSE: PMT - Get Free Report)'s stock price hit a new 52-week low during trading on Monday. The stock traded as low as $8.80 and last traded at $8.9120, with a volume of 4395100 shares changing hands. The stock had previously closed at $8.80. Analyst Ratings Changes A number of equities

Business Wire·2d ago
KBRA Assigns Preliminary Ratings to PMT Loan Trust 2026-INV9 (PMTLT 2026-INV9)

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 69 classes of mortgage-backed notes from PMT Loan Trust 2026-INV9 (PMTLT 2026-INV9), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV9 comprises 1,116 fixed-rate mortgages (FRMs) with an aggregate principal balance of $398.1 million as of the September 1, 2026 cut-off date. The underlying pool consists of agency-eligible.

Seeking Alpha·Sep 15, 2026
PennyMac Mortgage Investment Trust (PMT) Presents at Barclays 24th Annual Global Financial Services Conference Transcript

PennyMac Mortgage Investment Trust (PMT) Presents at Barclays 24th Annual Global Financial Services Conference Transcript

Business Wire·Sep 11, 2026
KBRA Assigns Preliminary Ratings to PMT Loan Trust 2026-CNF8 (PMTLT 2026-CNF8)

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 47 classes of mortgage-backed notes from PMT Loan Trust 2026-CNF8 (PMTLT 2026-CNF8), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-CNF8 comprises 616 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $306.9 million as of the September 1, 2026 cut-off date. The underlying.

Filtered for PennyMac Mortgage Investment TrustMore Headlines
04

Compare before deciding

Benchmark PMT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for PennyMac Mortgage Investment Trust (PMT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PMT logoPMTPennyMac Mortgage Investment TrustCurrent
$8.73$761.28M8.82245.81%7.33%6.68%18.35%
MFA logoMFAMFA Financial, Inc.
$8.32$849.42M4.95213.02%19.71%8.23%—
MITT logoMITTTPG Mortgage Investment Trust Inc
$6.19$196.86M6.8814.4%9.02%7.95%—
EARN logoEARNEllington Credit Company
$4.21$158.16M-11.08101.88%-12.87%-2.85%—
CIM logoCIMChimera Investment Corporation
$10.75$899.19M3.91218.22%0.18%0.05%—
IVR logoIVRInvesco Mortgage Capital Inc.
$6.46$665.02M4.893.17%38.68%13.99%—

Compare PMT vs Peers

PennyMac Mortgage Investment Trust (PMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MFA

Most directly comparable listed peer for PMT.

Scale Benchmark

vs RKT

Larger-name benchmark to compare PMT against a more recognizable public peer.

Peer Set

Compare Top 5

vs MFA, MITT, EARN, CIM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

PMT SEC Filings & Documents

PennyMac Mortgage Investment Trust (PMT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jun 16, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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PMT Frequently Asked Questions

PennyMac Mortgage Investment Trust (PMT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is PennyMac Mortgage Investment Trust's revenue?

PennyMac Mortgage Investment Trust (PMT) reported $1.65B in revenue for fiscal year 2025. This represents a 4553% increase from $35.4M in 2010.

How fast is PennyMac Mortgage Investment Trust growing?

PennyMac Mortgage Investment Trust (PMT) grew revenue by 245.8% over the past year. This is strong growth.

Is PMT profitable?

Yes, PennyMac Mortgage Investment Trust (PMT) is profitable, generating $166.3M in net income for fiscal year 2025 (7.3% net margin).

Dividend & Returns
Does PMT pay dividends?

Yes, PennyMac Mortgage Investment Trust (PMT) pays a dividend with a yield of 18.35%. This makes it attractive for income-focused investors.

What is PMT's return on equity?

PennyMac Mortgage Investment Trust (PMT) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

Industry Metrics
Is PMT a good dividend stock?

PennyMac Mortgage Investment Trust (PMT) offers a 18.35% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in PMT back in 2010?

Total return calculator · dividends reinvested · 16+ years of data

See returns →