PennyMac Mortgage downgraded by Keefe Bruyette with a new price target
$PMT
Real Estate Investment Trusts
Real Estate
Keefe Bruyette downgraded PennyMac Mortgage from Outperform to Mkt Perform and set a new price target of $13.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/25/2025 | $13.50 | Outperform → Mkt Perform | Keefe Bruyette |
| 7/10/2024 | $15.00 → $15.50 | Mkt Perform → Outperform | Keefe Bruyette |
| 1/10/2024 | Hold | Deutsche Bank | |
| 12/6/2023 | $13.50 | Neutral | UBS |
| 2/17/2023 | Buy → Neutral | BTIG Research | |
| 2/7/2023 | $16.00 → $15.00 | Overweight → Neutral | Piper Sandler |
| 1/7/2022 | $20.50 | Buy | JonesTrading |
| 1/7/2022 | $18.50 | Neutral → Buy | BTIG Research |
PennyMac Financial Services, Inc. (NYSE:PFSI) today reported net income of $136.5 million for the second quarter of 2025, or $2.54 per share on a diluted basis, on revenue of $444.7 million. Book value per share increased to $78.04 from $75.57 at March 31, 2025. PFSI's Board of Directors declared a second quarter cash dividend of $0.30 per share, payable on August 22, 2025, to common stockholders of record as of August 13, 2025. Second Quarter 2025 Highlights Pretax income was $76.4 million, down from $104.2 million in the prior quarter and $133.9 million in the second quarter of 2024 Production segment pretax income was $57.8 million, down from $61.9 million in the prior quarter
PennyMac Mortgage Investment Trust (NYSE:PMT) today reported a net loss attributable to common shareholders of $2.9 million, or $(0.04) per common share for the second quarter of 2025, on net investment income of $70.2 million. PMT previously announced a cash dividend for the second quarter of 2025 of $0.40 per common share of beneficial interest, which was declared on June 25, 2025, and will be paid on July 25, 2025, to common shareholders of record as of July 11, 2025. Second Quarter 2025 Highlights Financial results: Net loss attributable to common shareholders of $2.9 million; annualized return on average common shareholders' equity of (1)%1 Solid levels of income excluding mar
PennyMac Mortgage Investment Trust (NYSE:PMT) will announce results for the quarter ended June 30, 2025, in a news release to be issued after the market close on Tuesday, July 22, 2025. Management will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pmt.pennymac.com. A replay of the webcast will be available shortly after its conclusion. Individuals who are unable to access the website but would like to receive a copy of the materials should contact our Investor Relations department at 818.224.7028. About PennyMac Mortgage Investment Trust PennyMac Mortgage Inv
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10-Q - PennyMac Mortgage Investment Trust (0001464423) (Filer)
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4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
Keefe Bruyette downgraded PennyMac Mortgage from Outperform to Mkt Perform and set a new price target of $13.50
Keefe Bruyette upgraded PennyMac Mortgage from Mkt Perform to Outperform and set a new price target of $15.50 from $15.00 previously
Deutsche Bank initiated coverage of PennyMac Mortgage with a rating of Hold
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer, in conjunction with a similar announcement today by PennyMac Financial Services, Inc. (NYSE: PFSI), PMT’s manager and service provider. Mr. Jones had previously served as PMT’s Senior Managing Director and Chief Mortgage Banking Officer. In his new role, Mr. Jones continues to be responsible for all activities relating to the Company’s loan production and loan servicing businesses. “I am pleased to announce this promotion for Doug, which reflects the Company’s continued focus on succession planning,”
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of David A. Spector as Chairman of the Board. Mr. Spector will continue to serve as Chief Executive Officer. “I am honored that the Board has entrusted me with this additional responsibility, and I am excited to continue leading this great company forward,” said PMT Chairman and CEO David A. Spector. “I would also like to take this opportunity to thank the Board and its Independent Lead Trustee, Preston DuFauchard, for their continued leadership, especially through the unique challenges of the past year.” About PennyMac Mortgage Investment Trust PennyMac Mortg
PennyMac Financial Services, Inc. (NYSE:PFSI) today reported net income of $136.5 million for the second quarter of 2025, or $2.54 per share on a diluted basis, on revenue of $444.7 million. Book value per share increased to $78.04 from $75.57 at March 31, 2025. PFSI's Board of Directors declared a second quarter cash dividend of $0.30 per share, payable on August 22, 2025, to common stockholders of record as of August 13, 2025. Second Quarter 2025 Highlights Pretax income was $76.4 million, down from $104.2 million in the prior quarter and $133.9 million in the second quarter of 2024 Production segment pretax income was $57.8 million, down from $61.9 million in the prior quarter
PennyMac Mortgage Investment Trust (NYSE:PMT) today reported a net loss attributable to common shareholders of $2.9 million, or $(0.04) per common share for the second quarter of 2025, on net investment income of $70.2 million. PMT previously announced a cash dividend for the second quarter of 2025 of $0.40 per common share of beneficial interest, which was declared on June 25, 2025, and will be paid on July 25, 2025, to common shareholders of record as of July 11, 2025. Second Quarter 2025 Highlights Financial results: Net loss attributable to common shareholders of $2.9 million; annualized return on average common shareholders' equity of (1)%1 Solid levels of income excluding mar
PennyMac Mortgage Investment Trust (NYSE:PMT) will announce results for the quarter ended June 30, 2025, in a news release to be issued after the market close on Tuesday, July 22, 2025. Management will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pmt.pennymac.com. A replay of the webcast will be available shortly after its conclusion. Individuals who are unable to access the website but would like to receive a copy of the materials should contact our Investor Relations department at 818.224.7028. About PennyMac Mortgage Investment Trust PennyMac Mortgage Inv
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