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PennyMac Mortgage Investment Trust (PMT)

Real Estate | REIT - Mortgage | Westlake Village, United States | NYSE
6.84 USD -0.20 (-2.841%) ⇩ (Oct. 14, 2026, 11:51 a.m. EDT)

Short-term:★☆☆☆☆Long-term:★★☆☆☆Dividends:★⯪☆☆☆
Hot Take ↕ | Oct. 10, 2026, 6 a.m. EDT

The immediate outlook is severely bearish. The stock is trading at a discount to book value, yet the payout ratio exceeds 100%, meaning the company is distributing more cash than it generates in earnings—a classic sign of a distressed payout. While the yield looks attractive at 21%, it is unsustainable given the negative operating cash flow and the recent earnings miss. Fundamentally, the business is under pressure, evidenced by the sale of $13 billion in mortgage servicing rights and a 17% drop in the latest year-over-year performance. Technically, the price has been grinding lower, testing multi-month lows. The options market confirms this pessimism, with traders buying deep protection rather than betting on a bounce. Until the payout ratio normalizes and the balance sheet stabilizes, this remains a high-risk speculative play rather than an investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.056887
MSTL0.062784
AutoETS0.063056
AutoARIMA0.064317

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 38%
H-stat 14.44
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 2.11
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-10-07
Last Dividend Date 2026-10-07
Debt to Equity Ratio 1239.082
Revenue per Share 7.86
Market Cap 596,464,128
Trailing P/E 4.75
Forward P/E 5.00
Beta 1.17
Profit Margins 24.28%
Website https://pmt.pennymac.com

As of Oct. 10, 2026, 6 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in out-of-the-money puts (strikes 10.0 and 15.0) relative to calls. This 'put skew' suggests a fear of further decline rather than a bullish bet on recovery. The implied volatility for puts is significantly elevated compared to calls, indicating the market prices in a high probability of continued distress.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
5.34% 15.94% 13.39% 13.24%
Dividend History
Date Dividend Yield %
2026-10-08 0.40 5.340454
2026-07-09 0.40 3.956479
2026-04-09 0.40 3.448276
2025-12-26 0.40 3.192338
2025-10-10 0.40 3.398471
2025-07-11 0.40 3.177125
2025-04-11 0.40 3.281378
2024-12-27 0.40 3.187251
2024-10-11 0.40 2.873563
2024-07-12 0.40 2.789400
2024-04-11 0.40 2.921841
2023-12-28 0.40 2.617801
2023-10-12 0.40 3.418803
2023-07-13 0.40 2.934703
2023-04-13 0.40 3.344482
2022-12-29 0.40 3.220612
2022-10-13 0.47 4.076323
2022-07-13 0.47 3.323904
2022-04-13 0.47 3.032258
2021-12-30 0.47 2.684180
2021-10-14 0.47 2.347652
2021-07-14 0.47 2.410256
2021-04-14 0.47 2.389426
2020-12-30 0.47 2.690326
2020-10-14 0.40 2.398081
2020-07-14 0.40 2.257336
2020-04-14 0.25 2.448580
2019-12-30 0.47 2.110462
2019-10-10 0.47 2.117117
2019-07-12 0.47 2.129588
2019-04-12 0.47 2.246654
2018-12-28 0.47 2.484144
2018-10-12 0.47 2.510684
2018-07-12 0.47 2.486773
2018-04-12 0.47 2.679589
2017-12-28 0.47 2.890529
2017-10-12 0.47 2.771227
2017-07-11 0.47 2.643419
2017-04-11 0.47 2.631579
2016-12-28 0.47 2.919255
2016-10-05 0.47 3.239145
2016-07-12 0.47 2.943018
2016-04-08 0.47 3.596022
2015-12-23 0.47 2.948557
2015-10-13 0.47 3.110523
2015-07-14 0.61 3.565166
2015-04-13 0.61 2.889626
2014-12-26 0.61 2.841174
2014-10-10 0.61 2.990196
2014-07-11 0.59 2.698994
2014-04-14 0.59 2.564103
2014-01-08 0.59 2.549698
2013-11-13 0.57 2.596811
2013-08-15 0.57 2.671040
2013-05-14 0.57 2.375990
2013-02-19 0.57 2.302100
2012-11-15 0.57 2.497809
2012-08-14 0.55 2.490942
2012-05-14 0.55 2.903907
2012-02-15 0.55 3.062361
2011-11-14 0.50 2.983294
2011-08-12 0.50 3.088326
2011-05-12 0.42 2.366197
2011-01-10 0.42 2.338530
2010-11-17 0.42 2.409639
2010-08-12 0.35 2.027810
Additional Data
dividendYield 22.73
exDividendDate 2026-10-08
trailingAnnualDividendRate 1.6
trailingAnnualDividendYield 0.22727273
lastDividendValue 0.4
lastDividendDate 2026-10-08
dividendDate 2026-10-23

Info Dump

Attribute Value
52 Week Change -0.4157676
Address1 3,043 Townsgate Road
Address2 Suite 200
All Time High 28.95
All Time Low 3.5
Ask 6.85
Ask Size 4,100
Audit Risk 6
Average Analyst Rating 2.7 - Hold
Average Daily Volume10 Day 3,140,260
Average Daily Volume3 Month 1,754,106
Average Volume 1,754,106
Average Volume10Days 3,140,260
Beta 1.172
Bid 6.84
Bid Size 3,400
Board Risk 7
Book Value 15.044
City Westlake Village
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 6.84
Current Ratio 1.798
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 6.925
Day Low 6.8
Debt To Equity 1,239.082
Display Name PennyMac Mortgage Inv Trust
Dividend Date 1,792,713,600
Dividend Yield 22.73
Earnings Call Timestamp End 1,793,304,000
Earnings Call Timestamp Start 1,793,304,000
Earnings Quarterly Growth 3.104
Earnings Timestamp 1,793,304,000
Earnings Timestamp End 1,793,304,000
Earnings Timestamp Start 1,793,304,000
Ebitda Margins 0.0
Enterprise To Revenue 34.841
Enterprise Value 23,845,539,840
Eps Current Year 1.055
Eps Forward 1.36667
Eps Trailing Twelve Months 1.44
Esg Populated 0
Ex Dividend Date 1,791,417,600
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 8.8808
Fifty Day Average Change -2.0408
Fifty Day Average Change Percent -0.22979912
Fifty Two Week Change Percent -41.57676
Fifty Two Week High 13.81
Fifty Two Week High Change -6.9700003
Fifty Two Week High Change Percent -0.50470674
Fifty Two Week Low 6.8
Fifty Two Week Low Change 0.03999996
Fifty Two Week Low Change Percent 0.005882347
Fifty Two Week Range 6.8 - 13.81
Financial Currency USD
First Trade Date Milliseconds 1,248,960,600,000
Five Year Avg Dividend Yield 12.56
Float Shares 71,649,821
Forward Eps 1.36667
Forward P E 5.004866
Full Exchange Name NYSE
Fullday Change 0.03999996
Fullday Change Percent 0.5673753
Fullday Price 6.84
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.82927
Gross Profits 567,564,992
Has Pre Post Market Data 1
Held Percent Insiders 0.01193
Held Percent Institutions 0.77771
Implied Shares Outstanding 87,202,362
Industry REIT - Mortgage
Industry Disp REIT - Mortgage
Industry Key reit-mortgage
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,791,417,600
Last Dividend Value 0.4
Last Fiscal Year End 1,767,139,200
Long Business Summary PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate and credit-linked mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, agency and senior non-agency MBS, and collateralized mortgage obligations (CMOs), as well as interest rate hedging activities. The Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit quality loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored enterprises. It has elected to be taxed as a real estate investment trust (REIT). It is not subject to U.S. federal income tax on the REIT taxable income it distributes to its shareholders. PennyMac Mortgage Investment Trust was incorporated in 2009 and is headquartered in Westlake Village, California.
Long Name PennyMac Mortgage Investment Trust
Market us_market
Market Cap 596,464,128
Market State REGULAR
Max Age 86,400
Message Board Id finmb_59284923
Most Recent Quarter 1,782,777,600
Net Income To Common 124,420,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 761,276,620
Number Of Analyst Opinions 7
Open 6.95
Operating Cashflow -10,072,062,976
Operating Margins 0.10908
Overall Risk 4
Payout Ratio 1.1111
Peg Ratio 0.76
Phone 818 224 7442
Previous Close 7.04
Price Eps Current Year 6.4834127
Price Hint 2
Price To Book 0.45466635
Price To Sales Trailing12 Months 0.8714986
Profit Margins 0.24283001
Quick Ratio 1.344
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.66667
Region US
Regular Market Change -0.19999981
Regular Market Change Percent -2.8409064
Regular Market Day High 6.925
Regular Market Day Low 6.8
Regular Market Day Range 6.8 - 6.925
Regular Market Open 6.95
Regular Market Previous Close 7.04
Regular Market Price 6.84
Regular Market Time 1,791,993,079
Regular Market Volume 1,019,783
Return On Assets 0.007929999
Return On Equity 0.089370005
Revenue Growth 0.061
Revenue Per Share 7.86
Sand P52 Week Change 0.17004645
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 5
Shares Outstanding 87,202,362
Shares Percent Shares Out 0.1308
Shares Short 11,409,961
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 9,198,049
Short Name PennyMac Mortgage Investment Tr
Short Percent Of Float 0.1584
Short Ratio 6.45
Source Interval 15
State CA
Symbol PMT
Target High Price 15.0
Target Low Price 9.0
Target Mean Price 10.96429
Target Median Price 10.0
Total Cash 274,660,992
Total Cash Per Share 3.15
Total Debt 22,964,815,872
Total Revenue 684,412,032
Tradeable 0
Trailing Annual Dividend Rate 1.6
Trailing Annual Dividend Yield 0.22727273
Trailing Eps 1.44
Trailing P E 4.75
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.8007
Two Hundred Day Average Change -3.9607
Two Hundred Day Average Change Percent -0.3667077
Type Disp Equity
Volume 1,019,783
Website https://pmt.pennymac.com
Zip 91,361