UBS initiated coverage on PennyMac Mortgage with a new price target
$PMT
Real Estate Investment Trusts
Real Estate
UBS initiated coverage of PennyMac Mortgage with a rating of Neutral and set a new price target of $13.50
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 11/9/2021 | $21.00 → $19.75 | Outperform → Mkt Perform | Keefe Bruyette |
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
UBS initiated coverage of PennyMac Mortgage with a rating of Neutral and set a new price target of $13.50
Keefe, Bruyette & Woods analyst Bose George maintains PennyMac Mortgage IT (NYSE:PMT) with a Outperform and lowers the price target from $15.5 to $15.
Wedbush analyst Jay McCanless reiterates PennyMac Mortgage IT (NYSE:PMT) with a Neutral and maintains $15 price target.
B. Riley Securities analyst Matt Howlett reiterates PennyMac Mortgage IT (NYSE:PMT) with a Buy and maintains $16 price target.
SC 13G - PennyMac Mortgage Investment Trust (0001464423) (Subject)
SC 13G/A - PennyMac Mortgage Investment Trust (0001464423) (Subject)
SC 13G/A - PennyMac Mortgage Investment Trust (0001464423) (Subject)
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
4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees has declared cash dividends for the fourth quarter of 2024 on its 8.125% Series A Preferred Shares (NYSE:PMT), its 8.000% Series B Preferred Shares (NYSE:PMT) and its 6.750% Series C Preferred Shares (NYSE:PMT). In accordance with the terms for each preferred series, the dividend information is as follows: Series Ticker Annual Dividend Rate Dividend Per Share Record Date Payment Date A PMT PRA 8.125% $0.507813 December 1, 2024* December 16, 202
PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income attributable to common shareholders of $31.0 million, or $0.36 per common share on a diluted basis for the third quarter of 2024, on net investment income of $80.9 million. PMT previously announced a cash dividend for the third quarter of 2024 of $0.40 per common share of beneficial interest, which was declared on September 19, 2024, and will be paid on October 25, 2024, to common shareholders of record as of October 11, 2024. Third Quarter 2024 Highlights Financial results: Net income attributable to common shareholders of $31.0 million; annualized return on average common equity of 9%1 Solid levels of income exc
PennyMac Financial Services, Inc. (NYSE:PFSI) today reported net income of $69.4 million for the third quarter of 2024, or $1.30 per share on a diluted basis, on revenue of $411.8 million. Book value per share increased to $72.95 from $71.76 at June 30, 2024. PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share, payable on November 27, 2024, to common stockholders of record as of November 18, 2024. Third Quarter 2024 Highlights Pretax income was $93.9 million, down from $133.9 million in the prior quarter and $126.8 million in the third quarter of 2023 Production segment pretax income was $107.9 million, up from $41.3 million in the prior quarter and $25
4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
4 - PennyMac Mortgage Investment Trust (0001464423) (Issuer)
8-K - PennyMac Mortgage Investment Trust (0001464423) (Filer)
10-Q - PennyMac Mortgage Investment Trust (0001464423) (Filer)
CERT - PennyMac Mortgage Investment Trust (0001464423) (Filer)
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees has declared cash dividends for the fourth quarter of 2024 on its 8.125% Series A Preferred Shares (NYSE:PMT), its 8.000% Series B Preferred Shares (NYSE:PMT) and its 6.750% Series C Preferred Shares (NYSE:PMT). In accordance with the terms for each preferred series, the dividend information is as follows: Series Ticker Annual Dividend Rate Dividend Per Share Record Date Payment Date A PMT PRA 8.125% $0.507813 December 1, 2024* December 16, 202
PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net income attributable to common shareholders of $31.0 million, or $0.36 per common share on a diluted basis for the third quarter of 2024, on net investment income of $80.9 million. PMT previously announced a cash dividend for the third quarter of 2024 of $0.40 per common share of beneficial interest, which was declared on September 19, 2024, and will be paid on October 25, 2024, to common shareholders of record as of October 11, 2024. Third Quarter 2024 Highlights Financial results: Net income attributable to common shareholders of $31.0 million; annualized return on average common equity of 9%1 Solid levels of income exc
PennyMac Financial Services, Inc. (NYSE:PFSI) today reported net income of $69.4 million for the third quarter of 2024, or $1.30 per share on a diluted basis, on revenue of $411.8 million. Book value per share increased to $72.95 from $71.76 at June 30, 2024. PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share, payable on November 27, 2024, to common stockholders of record as of November 18, 2024. Third Quarter 2024 Highlights Pretax income was $93.9 million, down from $133.9 million in the prior quarter and $126.8 million in the third quarter of 2023 Production segment pretax income was $107.9 million, up from $41.3 million in the prior quarter and $25