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PennyMac Mortgage Investment Trust logo

PennyMac Mortgage Investment Trust

PMT-PA

NYSEReal EstateREIT - Mortgage

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Previous close

$22.95

+$0.05 · +0.22%

Aug 21, 4:00 PM ET

PMT-PA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 1, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

67

Undervalued

Momentum

38

Weakening

Sentiment

50

Mixed

Risk resilience

72

Moderate Risk

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Company profile

Company website

PennyMac Mortgage Investment Trust, operating under the symbol PMT-PA, functions as a specialized financial company primarily dedicated to acquiring and managing a diverse portfolio of mortgage-related assets across the United States. Its operational framework is segmented into several key investment strategies: The Credit Sensitive Strategies division concentrates on opportunities within credit risk transfer (CRT) agreements and securities, along with investments in distressed loans, real estate holdings, and specific non-agency subordinated bonds. Conversely, the Interest Rate Sensitive Strategies segment deals with mortgage servicing rights (MSRs), excess servicing spreads, and both agency and senior non-agency mortgage-backed securities (MBS), additionally engaging in activities designed to hedge against interest rate fluctuations. A third unit, Correspondent Production, is focused on the procurement, aggregation, and subsequent resale of newly originated prime credit residential loans, which can be sold either directly or as part of MBS bundles. PNMAC Capital Management, LLC oversees the management of PennyMac Mortgage Investment Trust. For federal income tax purposes, the company qualifies as a Real Estate Investment Trust (REIT), typically allowing it to avoid federal corporate income taxes provided it distributes at least 90% of its taxable earnings to its shareholders. Established in 2009, PennyMac Mortgage Investment Trust maintains its headquarters in Westlake Village, California.

Industry
REIT - Mortgage
Sector
Real Estate
Headquarters
US
CEO
David A. Spector
Listed since
Mar 6, 2017
Employees
7

Market position

Day range

Current $22.95

52-week range

Current $22.95

Open
$22.90
Previous close
$22.90
Volume
12.23K
1.73× average
Average volume
7.07K
Average daily volume
Market cap
1.01B USD
Beta
1.09
Market reference 1
50-day average
$22.5292
+1.87% above average
200-day average
$23.4464
-2.12% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
19.91B USD
P/E (TTM)
6.49×
P/B (TTM)
0.44×
P/S (TTM)
0.5×
EV / EBITDA
212.26×
Earnings yield
11.71%
Free cash flow yield
-660.73%
Dividend yield
17.11%

Profitability & efficiency

Gross margin
79.81%
Operating margin
67.79%
Net margin
10.11%
Return on equity
6.78%
Return on assets
0.60%
Return on invested capital
506.64%

Financial health

Debt / equity
12.37×
Current ratio
0.03×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends279%180%81%-17%Gross margin, FY2021: 59.24%Gross margin, FY2022: 220.51%Gross margin, FY2023: 83.18%Gross margin, FY2024: 75.40%Gross margin, FY2025: 91.61%Operating margin, FY2021: 52.01%Operating margin, FY2022: 253.90%Operating margin, FY2023: 76.91%Operating margin, FY2024: 65.66%Operating margin, FY2025: 78.96%Net margin, FY2021: 7.51%Net margin, FY2022: 50.31%Net margin, FY2023: 27.51%Net margin, FY2024: 31.90%Net margin, FY2025: 7.33%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 59.24%. Gross margin FY2022 220.51%. Gross margin FY2023 83.18%. Gross margin FY2024 75.40%. Gross margin FY2025 91.61%. Operating margin FY2021 52.01%. Operating margin FY2022 253.90%. Operating margin FY2023 76.91%. Operating margin FY2024 65.66%. Operating margin FY2025 78.96%. Net margin FY2021 7.51%. Net margin FY2022 50.31%. Net margin FY2023 27.51%. Net margin FY2024 31.90%. Net margin FY2025 7.33%.

Income trends

Revenue

1.74B USD+245.81%

Operating income

1.38B USD+315.88%

Net income

127.87M USD-20.57%
Income trends across reported periods1.96B USD1.11B USD264.61M USD−581.32M USDRevenue, FY2021: 757.48M USDRevenue, FY2022: −145.66M USDRevenue, FY2023: 725.87M USDRevenue, FY2024: 504.6M USDRevenue, FY2025: 1.74B USDOperating income, FY2021: 394M USDOperating income, FY2022: −369.84M USDOperating income, FY2023: 558.23M USDOperating income, FY2024: 331.33M USDOperating income, FY2025: 1.38B USDNet income, FY2021: 56.85M USDNet income, FY2022: −73.29M USDNet income, FY2023: 199.65M USDNet income, FY2024: 160.98M USDNet income, FY2025: 127.87M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 757.48M USD. Revenue FY2022 −145.66M USD. Revenue FY2023 725.87M USD. Revenue FY2024 504.6M USD. Revenue FY2025 1.74B USD. Operating income FY2021 394M USD. Operating income FY2022 −369.84M USD. Operating income FY2023 558.23M USD. Operating income FY2024 331.33M USD. Operating income FY2025 1.38B USD. Net income FY2021 56.85M USD. Net income FY2022 −73.29M USD. Net income FY2023 199.65M USD. Net income FY2024 160.98M USD. Net income FY2025 127.87M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.74B USD504.6M USD725.87M USD−145.66M USD757.48M USD
Cost of goods sold146.45M USD124.11M USD122.1M USD175.54M USD308.74M USD
Gross profit1.6B USD380.5M USD603.76M USD−321.2M USD448.74M USD
Research and development2.07M USD2.16M USD2.05M USD2.06M USD1.79M USD
Selling, general, and administrative77.31M USD47.01M USD43.49M USD46.58M USD52.95M USD
Operating expenses220.61M USD49.17M USD45.53M USD48.63M USD54.74M USD
Interest income850.91M USD635.26M USD490.42M USD325.83M USD181.87M USD
Interest expense870.39M USD714.66M USD735.97M USD410.42M USD304.74M USD
Depreciation and amortization——110K USD6.75M USD—
Operating income1.38B USD331.33M USD558.23M USD−369.84M USD394M USD
Net income127.87M USD160.98M USD199.65M USD−73.29M USD56.85M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-6.19%
11 comparable reports
Latest EPS result
0.23
Estimate 0.3 · Miss by 24.49%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.730.450.18-0.1Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 0.536, estimate 0.358, surprise +49.93%, Beat. Q2 2025, reported Apr 22, 2025: actual -0.01, estimate 0.377, surprise -102.65%, Miss. Q3 2025, reported Jul 25, 2025: actual -0.04, estimate 0.357, surprise -111.22%, Miss. Q4 2025, reported Oct 20, 2025: actual 0.67, estimate 0.355, surprise +89.00%, Beat. Q1 2026, reported Jan 29, 2026: actual 0.48, estimate 0.397, surprise +20.79%, Beat. Q2 2026, reported May 5, 2026: actual 0.16, estimate 0.369, surprise -56.63%, Miss. Q3 2026, reported Jul 29, 2026: actual 0.23, estimate 0.305, surprise -24.49%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.302, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates615.48M6.76M-601.96M-1.21BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual -1.08B USD, estimate 90.23M USD, surprise -1302.14%, Miss. Q2 2025, reported Apr 22, 2025: actual 44.47M USD, estimate 91.68M USD, surprise -51.50%, Miss. Q3 2025, reported Jul 25, 2025: actual 70.2M USD, estimate 94.4M USD, surprise -25.63%, Miss. Q4 2025, reported Oct 20, 2025: actual 489.54M USD, estimate 97.15M USD, surprise +403.90%, Beat. Q1 2026, reported Jan 29, 2026: actual 93.56M USD, estimate 98.46M USD, surprise -4.97%, Miss. Q2 2026, reported May 5, 2026: actual 82.13M USD, estimate 92.92M USD, surprise -11.60%, Miss. Q3 2026, reported Jul 29, 2026: actual 73M USD, estimate 93.93M USD, surprise -22.28%, Miss. Q4 2026, reported Oct 22, 2026: actual —, estimate 94.52M USD, surprise —, Comparison unavailable.

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ETFs holding PMT-PA

Funds reporting this stock among their holdings, ordered by reported position size.

Virtus InfraCap U.S. Preferred Stock ETF logoVirtus InfraCap U.S. Preferred Stock ETFPFFA
Market value
10.48M
Weight
0.42%
AUM
2.5B USD
Expense ratio
2.11%
Price / 1D
$20.890.00%
iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
6.42M
Weight
0.05%
AUM
13.06B USD
Expense ratio
0.45%
Price / 1D
$30.46+0.03%
Fidelity Real Estate Income ETF logoFidelity Real Estate Income ETFFREI
Market value
3.02M
Weight
0.07%
AUM
21.08M USD
Expense ratio
0.59%
Price / 1D
$24.92-0.04%
InfraCap REIT Preferred ETF logoInfraCap REIT Preferred ETFPFFR
Market value
479.57K
Weight
0.40%
AUM
120.22M USD
Expense ratio
0.45%
Price / 1D
$17.42-0.46%
SanJac Alpha Core Plus Bond ETF logoSanJac Alpha Core Plus Bond ETFSJCP
Market value
170.11K
Weight
2.25%
AUM
2.28M USD
Expense ratio
0.65%
Price / 1D
$25.165+0.26%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
9.05K
Weight
0.01%
AUM
125.77M USD
Expense ratio
0.50%
Price / 1D
$22.29+0.22%

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