PENNYMAC MORTGAGE INVESTMENT TRUST: Analysts’ Consensus Recommendation is “Moderate Buy”

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PENNYMAC ($NYSE:PMT): PennyMac Mortgage Investment Trust is a residential mortgage real estate investment trust that invests primarily in residential mortgage loans and securities. The analysts’ consensus recommendation is based on a number of factors, including the company’s strong financial position, its focus on the U.S. residential mortgage market, and its experienced management team.

Stock Price

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets. So far, media exposure for PennyMac has been mostly positive. On Monday, PennyMac’s stock opened at $12.1 and closed at $12.2, up by 1.4% from its previous closing price of $12.0. Analysts’ consensus recommendation for PennyMac is “Moderate Buy.”

VI Analysis

The company is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Investors who are interested in such companies may be looking for a company that is stable and can provide a consistent income stream. However, PENNYMAC MORTGAGE INVESTMENT TRUST has a low health score of 3/10, which means that it is less likely to safely ride out any crisis without the risk of bankruptcy.

VI Peers

The mortgage industry is highly competitive, with many companies vying for market share. PennyMac Mortgage Investment Trust is one of the leading players in the industry, and its competitors include Ellington Financial Inc, Invesco Mortgage Capital Inc, and Two Harbors Investment Corp. Each of these companies has a strong presence in the marketplace, and they are all fighting for a piece of the pie.

– Ellington Financial Inc ($NYSE:EFC)

Ellington Financial Inc. is a real estate investment trust that focuses on originating, acquiring, financing, and managing mortgage-related and mortgage-backed securities. The company has a market capitalization of $799.24 million as of March 2022. Ellington Financial Inc. is headquartered in Old Greenwich, Connecticut.

– Invesco Mortgage Capital Inc ($NYSE:IVR)

Invesco Mortgage Capital Inc. is a holding company, which engages in the provision of financing and investment management solutions to the mortgage market. It operates through the following segments: Agency; Consumer; and Commercial. The company was founded in 1986 and is headquartered in Atlanta, GA.

– Two Harbors Investment Corp ($NYSE:TWO)

Harbors Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities. The company has a market cap of 1.23 billion as of 2022. Harbors Investment Corp is headquartered in New York, NY.

Summary

PennyMac Mortgage Investment Trust is a residential mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related securities. PMT’s investment objective is to maximize return to shareholders through a combination of capital appreciation and monthly dividends. PMT is externally managed by PennyMac Financial Services, Inc., a leading mortgage banking firm.