PENNYMAC MORTGAGE INVESTMENT TRUST (PMT)
Financials · Mortgage REIT / Mortgage Finance · NYSE
A mortgage REIT that invests in residential mortgage loans, securities, and servicing rights, generating income from lending spreads and servicing fees in a rate-sensitive housing market.
What PENNYMAC MORTGAGE INVESTMENT TRUST does
PennyMac Mortgage Investment Trust is a mortgage REIT that invests in mortgage loans, mortgage-backed securities, and mortgage servicing rights. The company generates revenue through mortgage loan sales, servicing activities, and investment returns on mortgage-related assets. As a financial trust, PMT manages a portfolio of residential mortgage investments while relying on external management and servicing operations.
Themes: ["Mortgage lending / residential mortgages","Mortgage servicing","Mortgage-backed securities","Real estate finance","Interest rate sensitivity"]
Fundamentals
- Price$10.11 as of 2026-07-09 close
- Market cap$891M as of 2026-07-10
- 1-year return-23.4% as of 2026-07-09 close
- P/E6.24 as of 2026-07-10
- Net margin+10.9% as of 2026-07-10
- Gross margin+17.4% as of 2026-07-10
- ROE+7.6% as of 2026-07-10
- Debt / equity10.87 as of 2026-07-10
- Revenue growth (YoY)+27.5% as of 2026-07-10
- Revenue CAGR (3y)+12.2% SEC XBRL
- Beta1.11 as of 2026-07-10
Dividend: yield +15.8%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate volatility and the company's substantial amount of indebtedness create exposure to margin compression and refinancing risk, particularly as hedging strategies may not adequately protect against rate fluctuations","Macroeconomic downturns, rising homeownership costs, and declining housing affordability could increase delinquencies, defaults, and prepayment rates, reducing portfolio performance and cash flows","Dependence on external management and servicing entities (PennyMac Mortgage Servicer and affiliates) creates operational and performance risks, with potential conflicts of interest affecting the company's ability to optimize returns"]
Competitors & peers
- Invesco Mortgage Capital (IVR)
- Two Harbors Investment Corp (TWO)
- New York Mortgage Trust (NYMT)
- ARMOUR Residential REIT (ARR)
- Ellington Residential Mortgage REIT (EARN)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.