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PennyMac Mortgage Investment Trust (PMT)

Real Estate | REIT - Mortgage | Westlake Village, United States | NYSE
9.34 USD +0.01 (0.107%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 9.34
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Aug. 22, 2026, 3:18 a.m. EDT

The investment case for PennyMac is currently defined by a severe disconnect between its headline-yielding dividend and its deteriorating operational reality. While the 17% yield looks attractive on paper, the payout ratio of 111% signals that the company is burning capital to maintain this distribution, a dangerous trend for a mortgage REIT already grappling with a 18% cumulative price decline over the last nine years. The balance sheet is fragile, with debt-to-equity exceeding 1,200 and operating cash flow deeply negative, meaning the dividend is likely unsustainable without further dilution or asset sales. Although the stock trades at a low multiple relative to book value, the market has clearly priced in a structural decline, evidenced by the heavy put option positioning and the recent earnings miss. The statistical forecast also leans slightly negative, confirming the lack of immediate catalysts for a rebound. Investors should view this as a speculative recovery play at best, not a stable income vehicle.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.074809
AutoETS0.079947
AutoARIMA0.080310
MSTL0.083197

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 42%
H-stat 5.83
Ljung-Box p 0.000
Jarque-Bera p 0.007
Excess Kurtosis 0.20
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-07-08
Last Dividend Date 2026-07-08
Debt to Equity Ratio 1239.082
Revenue per Share 7.86
Market Cap 814,470,080
Trailing P/E 6.49
Forward P/E 6.74
Beta 1.12
Profit Margins 24.28%
Website https://pmt.pennymac.com

As of Aug. 22, 2026, 3:18 a.m. EDT: Speculators are overwhelmingly positioning for downside protection rather than upside participation. Put open interest significantly exceeds call open interest across all expirations, with massive concentration in out-of-the-money puts (strikes 7.5 and lower) indicating a fear of a further decline. Conversely, call activity is sparse and heavily skewed toward deep in-the-money strikes, suggesting traders are hedging existing long positions or betting on a continued grind lower rather than anticipating a rally.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
3.96% 14.00% 12.75% 12.65%
Dividend History
Date Dividend Yield %
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
dividendRate 1.6
dividendYield 17.15
exDividendDate 2026-07-09
trailingAnnualDividendRate 1.6
trailingAnnualDividendYield 0.17148982
lastDividendValue 0.4
lastDividendDate 2026-07-09
dividendDate 2026-07-24

Info Dump

Attribute Value
52 Week Change -0.23000824
Address1 3,043 Townsgate Road
Address2 Suite 200
All Time High 28.95
All Time Low 3.5
Ask 9.42
Ask Size 1,700
Audit Risk 6
Average Analyst Rating 2.7 - Hold
Average Daily Volume10 Day 1,212,950
Average Daily Volume3 Month 1,468,306
Average Volume 1,468,306
Average Volume10Days 1,212,950
Beta 1.118
Bid 9.35
Bid Size 800
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 9.34
Current Ratio 1.798
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 9.4201
Day Low 9.33
Debt To Equity 1,239.082
Dividend Date 1,784,851,200
Dividend Rate 1.6
Dividend Yield 17.15
Earnings Call Timestamp End 1,785,362,400
Earnings Call Timestamp Start 1,785,362,400
Earnings Quarterly Growth 3.104
Earnings Timestamp 1,785,355,200
Earnings Timestamp End 1,792,526,400
Earnings Timestamp Start 1,792,526,400
Ebitda Margins 0.0
Enterprise To Revenue 35.134
Enterprise Value 24,046,106,624
Eps Current Year 1.06167
Eps Forward 1.38667
Eps Trailing Twelve Months 1.44
Esg Populated 0
Ex Dividend Date 1,783,555,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 9.8748
Fifty Day Average Change -0.5347996
Fifty Day Average Change Percent -0.054158017
Fifty Two Week Change Percent -23.000824
Fifty Two Week High 13.81
Fifty Two Week High Change -4.4700003
Fifty Two Week High Change Percent -0.3236785
Fifty Two Week Low 9.05
Fifty Two Week Low Change 0.28999996
Fifty Two Week Low Change Percent 0.032044195
Fifty Two Week Range 9.05 - 13.81
Financial Currency USD
First Trade Date Milliseconds 1,248,960,600,000
Five Year Avg Dividend Yield 12.44
Float Shares 71,645,461
Forward Eps 1.38667
Forward P E 6.735561
Full Exchange Name NYSE
Fullday Change 0.0100002
Fullday Change Percent 0.107184
Fullday Price 9.34
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.82927
Gross Profits 567,564,992
Has Pre Post Market Data 1
Held Percent Insiders 0.01193
Held Percent Institutions 0.75117993
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 1,783,555,200
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 814,470,080
Market State CLOSED
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 813,598,037
Number Of Analyst Opinions 7
Open 9.37
Operating Cashflow -10,072,062,976
Operating Margins 0.10908
Overall Risk 5
Payout Ratio 1.1111
Peg Ratio 0.76
Phone 818 224 7442
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 9.34
Post Market Time 1,787,959,806
Previous Close 9.33
Price Eps Current Year 8.7974615
Price Hint 2
Price To Book 0.62084556
Price To Sales Trailing12 Months 1.1900289
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 0.0100002
Regular Market Change Percent 0.107184
Regular Market Day High 9.4201
Regular Market Day Low 9.33
Regular Market Day Range 9.33 - 9.4201
Regular Market Open 9.37
Regular Market Previous Close 9.33
Regular Market Price 9.34
Regular Market Time 1,787,947,202
Regular Market Volume 664,974
Return On Assets 0.007929999
Return On Equity 0.089370005
Revenue Growth 0.061
Revenue Per Share 7.86
Sand P52 Week Change 0.20204377
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 0.096499994
Shares Short 8,415,220
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 7,636,676
Short Name PennyMac Mortgage Investment Tr
Short Percent Of Float 0.1168
Short Ratio 6.04
Source Interval 15
State CA
Symbol PMT
Target High Price 15.0
Target Low Price 10.0
Target Mean Price 11.28571
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 0.17148982
Trailing Eps 1.44
Trailing P E 6.486111
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 11.44295
Two Hundred Day Average Change -2.10295
Two Hundred Day Average Change Percent -0.18377692
Type Disp Equity
Volume 664,974
Website https://pmt.pennymac.com
Zip 91,361