Schedule monthly income from dividend stocks with a monthly payment frequency. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. PennyMac Mortgage Investment Trust declared a quarterly dividend on Thursday, August 31st. Shareholders of record on Friday, October 13th will be given a dividend of $0.40 per share on Friday, October 27th.
Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.
Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. According to analysts, PennyMac Mortgage Investment Trust’s stock has a predicted upside of 11.42% based on their 12-month price targets. Quickest stock price recoveries post dividend payment.
Certain financial information included in Dividend.com is proprietary to Mergent, Inc. (“Mergent”) Copyright © 2014. Reproduction of such information in any form is prohibited. See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Portfolio management news, reports, video and more. Generate fixed income from corporates that prioritize environmental, social and governance responsibility. One share of PMT stock can currently be purchased for approximately $12.78.
PennyMac Mortgage Investment Trust (NYSE:PMT)
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
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- The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- Provides a general description of the business conducted by this company.
6 Wall Street research analysts have issued 12 month price objectives for PennyMac Mortgage Investment Trust’s stock. Their PMT share price forecasts range from $14.00 to $16.00. On average, they expect the company’s stock price to reach $14.83 in the next twelve months.
PennyMac Mortgage Investment Trust Declares Third Quarter 2022 Dividend for Its Common Shares
Past performance is no guarantee of future results. Learn from industry thought leaders and expert market participants. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend.
Discover dividend stocks matching your investment objectives with our advanced screening tools. PennyMac Mortgage Investment Trust’s stock was trading at $12.39 at the beginning of the year. Since then, PMT shares have increased by 3.1% and is now trading at $12.78. Investors in PennyMac’s fixed-to-floating-rate preferred shares probably didn’t expect the REIT to adhere strictly to the contract when Libor ceased to exist. Analysts like PennyMac Mortgage Investment Trust less than other Finance companies. The consensus rating score for PennyMac Mortgage Investment Trust is 2.33 while the average consensus rating score for finance companies is 2.41.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.
Sign-up to receive the latest news and ratings for PennyMac Mortgage Investment Trust and its competitors with MarketBeat’s FREE daily newsletter. We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. PMT’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Analyst Ratings
Sign-up to receive the latest news and ratings for PMT and its competitors with MarketBeat’s FREE daily newsletter. The technique has proven https://1investing.in/ to be very useful for finding positive surprises. As an investor, you want to buy stocks with the highest probability of success.
This represents a $1.60 dividend on an annualized basis and a yield of 12.52%. Among the companies with shares expected to actively trade in Friday’s session are Marvell Technology Group Ltd. CRMT Marvell reported disappointing quarterly resul… PennyMac Mortgage Investment Trust invests primarily in residential mortgage loans and mortgage-related assets. The company was founded in 2009 and is based in Moorpark, California.
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These are established companies that reliably pay dividends. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
PennyMac Mortgage Investment Trust has been rated by B. Riley, JMP Securities, and Piper Sandler in the past 90 days. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 8% Sell we can see working capital figure changing with a Weakest short term outlook on maintaining the current direction. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list. PennyMac Financial Services Inc. filed for an initial public offering of up to $287.5 million, looking to use the proceeds to grow its mortgage-banking business. PennyMac is a specialty financial-services firm focusing on … Below are the latest news stories about PENNYMAC MORTGAGE INVESTMENT TRUST that investors may wish to consider to help them evaluate PMT as an investment opportunity.
- Past performance is no guarantee of future results.
- Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
- Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
- Once the Fed stops tightening, the mortgage-backed security market should return to normal.
Investors in PennyMac’s fixed-to-floating-rate preferred shares probably didn’t expect the REIT to adhere strictly to the contract when Libor ceased to exist. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. All stock quotes on this website should be considered as having a 24-hour delay.
The consensus among Wall Street analysts is that investors should “hold” PMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PMT, but not buy additional shares or sell existing shares. The average twelve-month price prediction for PennyMac Mortgage Investment Trust is $14.83 with a high price target of $16.00 and a low price target of $14.00.
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
About PennyMac Mortgage Investment Trust (NYSE:PMT) Stock
Style is calculated by combining value and growth scores, which are first individually calculated. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
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This trading strategy invovles purchasing a stock just before the ex-dividend date in order to collect the dividend and then selling after the stock price has recovered. To see all exchange delays and terms of use, please see disclaimer. For more insight on analysts targets of PMT, see our PMT price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.