Pennymac Mortgage Investment Trust (NYSE:PMT) has a beta value of 1.48 and has seen 1.33 million shares traded in the recent trading session. The company, currently valued at $1.20B, closed the recent trade at $13.82 per share which meant it lost -$1.13 on the day or -7.53% during that session. The PMT stock price is -14.98% off its 52-week high price of $15.89 and 23.88% above the 52-week low of $10.52. The 3-month trading volume is 584.51K shares.
Pennymac Mortgage Investment Trust (NYSE:PMT) trade information
Sporting -7.53% in the red today, the stock has traded in the red over the last five days, when the PMT stock price touched $13.82 or saw a rise of 9.2%. Year-to-date, Pennymac Mortgage Investment Trust shares have moved -7.53%, while the 5-day performance has seen it change -6.14%. Over the past 30 days, the shares of Pennymac Mortgage Investment Trust (NYSE:PMT) have changed 1.21%.
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Pennymac Mortgage Investment Trust (PMT) estimates and forecasts
Figures show that Pennymac Mortgage Investment Trust shares have underperformed across the wider relevant industry. The company’s shares have lost -0.32% over the past 6 months, with this year growth rate of -11.66%, compared to 10.40% for the industry. Revenue growth from the last financial year stood is estimated to be -18.40%.
4 analysts offering their estimates for the company have set an average revenue estimate of 90.39M for the current quarter. 4 have an estimated revenue figure of 92.52M for the next ending quarter. Year-ago sales stood 108.18M and 163.43M respectively for this quarter and the next, and analysts expect sales will shrink by -16.40% for the current quarter and -18.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.84% over the past 5 years. Earnings growth for 2024 is a modest -10.84% while over the next 5 years, the company’s earnings are expected to increase by 4.15%.
PMT Dividends
Pennymac Mortgage Investment Trust is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.60 at a share yield of 11.57%. The company’s dividend yield has gone up over the past 12 months.
