Analyst Price Target is $15.17
▲ +16.67% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for PennyMac Mortgage Investment Trust in the last 3 months. The average price target is $15.17, with a high forecast of $16.00 and a low forecast of $14.50. The average price target represents a 16.67% upside from the last price of $13.00.
Current Consensus is
Moderate Buy
The current consensus among 6 investment analysts is to moderate buy stock in PennyMac Mortgage Investment Trust. This rating changed within the last month from a Hold consensus rating.
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.
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