PMT Stock Summary and Trading Ideas (Pennymac Mortgage It | NYSE:PMT)

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.

Pennymac Mortgage It trades on the NYSE stock market under the symbol PMT.

As of April 18, 2024, PMT stock price climbed to $13.27 with 615,073 million shares trading.

PMT has a beta of 1.24, meaning it tends to be more sensitive to market movements. PMT has a correlation of 0.25 to the broad based SPY ETF.

PMT has a market cap of $1.15 billion. This is considered a Small Cap stock.

Last quarter Pennymac Mortgage It reported $85 million in Revenue and $.44 earnings per share. This fell short of revenue expectation by $-12 million and exceeded earnings estimates by $.12.

In the last 3 years, PMT stock traded as high as $21.53 and as low as $10.52.

The top ETF exchange traded funds that PMT belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

PMT has outperformed the market in the last year with a return of +23.2%, while the SPY ETF gained +22.3%. However, in the most recent history, PMT shares have underperformed the stock market with its stock returning -4.0% in the last 3 month period and -5.2% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

PMT support price is $13.03 and resistance is $13.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PMT stock will trade within this expected range on the day.