Short Term Rating on PennyMac Mortgage Investment Trust (PMT)

PennyMac Mortgage Investment Trust (PMT) : 3 brokerage houses believe that PennyMac Mortgage Investment Trust (PMT) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PennyMac Mortgage Investment Trust (PMT). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.

PennyMac Mortgage Investment Trust (PMT) : Average target price received by PennyMac Mortgage Investment Trust (PMT) is $17.1 with an expected standard deviation of $2.63. The most aggressive target on the stock is $21, whereas the most downbeat target is $14. 5 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.


PennyMac Mortgage Investment Trust (NYSE:PMT): The stock opened at $15.95 on Tuesday but the bulls could not build on the opening and the stock topped out at $16.24 for the day. The stock traded down to $15.85 during the day, due to lack of any buying support eventually closed down at $15.97 with a loss of -2.68% for the day. The stock had closed at $16.41 on the previous day. The total traded volume was 2,197,333 shares.

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company operates through two segments. The correspondent production segment represents the Companys operations aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing, pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities (MBS), using the services of PNMAC Capital Management and PennyMac Loan Services, LLC. The investment activities segment represents the Companys investments in mortgage-related assets, which include distressed mortgage loans, real estate acquired in settlement of loans, MBS, mortgage servicing rights and excess servicing spread.

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