PennyMac Mortgage Investment Trust (PMT) Stock Price & Analysis
PennyMac Mortgage Investment Trust (PMT) closed at USD 7.01 on Thursday, October 22, 2026, up 2.49% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 6.84; the Oct 22, 2026 session ranged USD 6.82–7.16 on volume of 1,859,647 shares. Market capitalization is —, with a 52-week range of USD 6.7–13.81 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:03 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PMT.md
Key facts (PMT)
- Last four reported quarters (through Jun 30, 2026): revenue $348M, net income $166M (47.8% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $65K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.67 on a 1–5 scale) (9 analysts), mean target USD 10.61 (range 9–12.5).
- Total return with dividends: 1Y -34.8% vs S&P 500 +14.9%; 5Y -33.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.3, revenue estimate $93.9M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PMT)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $420M | $304M | $429M | $334M | $307M | $348M |
| Net income | $56.9M | -$73.3M | $200M | $161M | $128M | $166M |
| EPS (diluted) | $0.26 | -$1.26 | $1.63 | $1.37 | $0.99 | — |
| Net margin | 13.5% | -24.1% | 46.5% | 48.2% | 41.6% | 47.8% |
| Revenue growth | -10.5% | -27.7% | +41.2% | -22.1% | -8.0% | — |
| Cash + short-term investments | $227M | $364M | $409M | $441M | $462M | — |
| Total debt | $4.49B | $5.07B | $5.15B | $1.01B | $1.09B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PMT)
P/E at fiscal year-ends: Dec 2025 8.5x, Dec 2024 6.8x, Dec 2023 8.4x.
Insider sales (SEC Form 4, open-market, last ~7 months) (PMT)
3 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Hendry Gregory L | Chief Accounting Officer | 2,444 | $19K | 33.3% | Yes (adopted March 20, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | Hendry Gregory L | Chief Accounting Officer | 2,444 | $23K | 25% | Yes (adopted March 20, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-03 | Hendry Gregory L | Chief Accounting Officer | 2,444 | $23K | 20% | Yes (adopted March 20, 2026) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PMT)
Consensus Hold (mean 2.67 on a 1–5 scale), 9 analysts; mean target USD 10.61 (low 9, high 12.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Citizens | Target lowered | Market Outperform | $15 → $12.5 |
| 2026-10-09 | Piper Sandler | Target lowered | Neutral | $10 → $9 |
| 2026-08-21 | UBS | Target lowered | Neutral | $11.25 → $10 |
| 2026-08-17 | Deutsche Bank | Upgrade | Hold → Buy | $12 |
| 2026-07-31 | Wells Fargo | Target lowered | Equal-Weight | $12 → $10 |
| 2026-07-30 | Piper Sandler | Target lowered | Neutral | $11.5 → $10 |
Total return (dividends reinvested) (PMT)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -34.8% | -33.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -34.9% | -7.9% |
| Volatility (annualized) | 29.0% | 30.8% |
| Max drawdown | -44.6% (Jan 2026→Oct 2026) | -43.2% (Jan 2026→Oct 2026) |
PMT suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | PennyMac Financial Services, Inc. (PFSI) | “PFSI has a corporate philanthropy program that is governed by a philosophy of giving that prioritizes the support of causes and issues of importance in our local communities, and drives a culture of employee engagement and collaboration throughout our and PFSI's organization.” |
| Partner | PennyMac Loan Services | “We also have a loan servicing agreement with PLS, pursuant to which PLS provides primary and special servicing for our portfolio of residential loans and MSRs.” |
| Related party | Pennymac Capital Management | “Although our board of trustees relies on information provided to it by PCM for its investment review, it does not review or approve each proposed investment by PCM unless it falls outside our investment policies or constitutes a related party transaction.” |
Quoted from the company's 10-K filed Feb 18, 2026.
PMT company outlook (results filed Jul 29, 2026)
- “Net loan servicing fees included contractually specified servicing fees and other fees of $149 million, down slightly from the prior quarter, reduced by $100 million in realization of MSR cash flows, which was also down slightly from the prior quarter due to lower expectations for prepayments in the future due to higher interest rates.”
Quoted word-for-word from the SEC 8-K results press release.
PMT analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.30 | $0.33 | -8.6% | $93.9M | 6 |
| Next quarter (ends Dec 2026) | $0.31 | $0.36 | -14.0% | $93.2M | 5 |
| Current fiscal year (ends Dec 2026) | $1.05 | $1.18 | -10.7% | $346.3M | 6 |
| Next fiscal year (ends Dec 2027) | $1.38 | $1.49 | -7.5% | $387.4M | 7 |
PMT options: expected move
Options price a move of about ±20.3% (±$1.42) by Dec 18, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±6.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Dec 18, 2026 | 56 | 47.7% | ±20.3% |
| Jan 15, 2027 | 84 | 42.4% | ±19.6% |
| Apr 16, 2027 | 175 | 33.0% | ±22.1% |
30-day implied volatility 42.2% vs 31.9% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:03 UTC)
| Price | USD 7.01 |
|---|---|
| Change | ▲ 2.49% (up) |
| Previous Close | USD 6.84 |
| Open | USD 6.84 |
| Day Range | USD 6.82 – 7.16 |
| 52-Week Range | USD 6.7 – 13.81 |
| Volume | 1,859,647 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (PMT)
Nexqual's technical model rates PMT "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 11:03 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 29.5 (oversold) |
| vs SMA50 | Below (USD 8.52) |
| MACD | -0.51 (negative) |
Analyst Ratings (PMT)
Wall Street analysts rate PMT "Hold" based on 9 analysts, with a mean price target of USD 10.61 (range USD 9–12.5), per Nexqual as of October 23, 2026 at 11:03 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 10.61 |
| High Target | USD 12.5 |
| Low Target | USD 9 |
| Buy / Hold / Sell | 2 / 7 / 0 |
Earnings (PMT)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.3 |
| Revenue Estimate | $93.89M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.23 vs est 0.3 ▼ miss |
| 2026-03-31 | USD 0.16 vs est 0.39 ▼ miss |
| 2025-12-31 | USD 0.48 vs est 0.39 ▲ beat |
| 2025-09-30 | USD 0.55 vs est 0.38 ▲ beat |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Financials & Fundamentals (PMT)
| Total Revenue | $684.41M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +6.10% |
| Gross Margin | +82.93% |
| Operating Margin | +10.91% |
| Profit Margin | +24.28% |
| ROE | +8.94% |
| Debt / Equity | 12.39 |
| Current Ratio | 1.8 |
| Total Cash | $274.66M |
| Total Debt | $22.96B |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Financial Health Score (PMT)
Nexqual rates PennyMac Mortgage Investment Trust's overall financial health "Weak" across five dimensions, as of October 23, 2026 at 11:03 UTC.
| Growth | Weak — Revenue -8% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 83%, operating 11% (last 12 months) |
| Balance Sheet | Critical — $421M cash and investments vs $720M debt (Jun 2026, SEC) |
| Cash Flow | Weak — Operating cash flow -$7.21B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 9%, ROA 0.8% |
Ownership (PMT)
| Insider Ownership | +1.19% |
|---|---|
| Institutional Ownership | +78.86% |
| Float | 71.66M |
| Short % of Float | +15.84% |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
Leadership (PMT)
PennyMac Mortgage Investment Trust is led by David A. Spector, Chairman of the Board & CEO, per Nexqual as of October 23, 2026 at 11:03 UTC.
| Chairman of the Board & CEO | David A. Spector |
|---|---|
| President, Chief Mortgage Banking Officer & Director | Douglas Edward Jones |
| Senior MD & CFO | Daniel Stanley Perotti |
| Executive Vice President of Investor Relations | Kevin Chamberlain |
| Senior Managing Director of Consumer Direct Lending Division | Scott Bridges |
Major Backers & Investors (PMT)
Notable institutional backers of PennyMac Mortgage Investment Trust include T. Rowe Price, Invesco, TR PRICE-Price (T.Rowe) U.S. Small-Cap Value Equity Trust, according to Nexqual as of October 23, 2026 at 11:03 UTC.
Active Investors
| Investor | Stake |
|---|---|
| T. Rowe Price | 7.28% |
| Invesco | 3.51% |
| TR PRICE-Price (T.Rowe) U.S. Small-Cap Value Equity Trust | 2.77% |
| Mirae Asset Global ETFs Holdings Ltd. | 1.96% |
| Citadel | 1.92% |
| Charles Schwab Investment Management, Inc. | 1.68% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.71% |
| Vanguard Group | 10.17% |
| State Street | 4.07% |
| Geode Capital | 2.64% |
Source: Nexqual, October 23, 2026 at 11:03 UTC.
From PennyMac Mortgage Investment Trust's Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe that we are organized in conformity with the requirements for qualification and taxation as a REIT under the Internal Revenue Code, and that our manner of operation enables us to meet the requirements for qualification and taxation as a REIT.
Legal & Regulatory Risks (Item 1A, quoted)
- We operate in a highly regulated industry and the continually changing federal, state and local laws and regulations could materially and adversely affect our business, financial condition, liquidity and results of operations.
- We are highly dependent on U.S. government-sponsored entities and government agencies, and any organizational or pricing changes at such entities or their regulators could materially and adversely affect our business, liquidity, financial condition and results of operations.
- The development, proliferation and use of artificial intelligence could give rise to legal and/or regulatory action, damage our and our Manager's reputation or otherwise materially harm our and our Manager's business.
- The collection, processing, storage, use and disclosure of personal data could give rise to liabilities as a result of governmental regulations and conflicting legal requirements.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NLY | Annaly Capital Management Inc. | USD 18.34 | ▲ 1.83% |
| AGNC | AGNC Investment Corp. | USD 8.89 | ▲ 1.25% |
| RITM | Rithm Capital Corp. | USD 8.68 | ▲ 1.52% |
| STWD | STARWOOD PROPERTY TRUST, INC. S | USD 12.58 | ▲ 3.71% |
| DX | Dynex Capital, Inc. | USD 11.05 | ▼ 0% |
| ARR | ARMOUR Residential REIT, Inc. | USD 12.69 | ▼ 0.94% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:03 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt