Street Calls of the Week
PennyMac Mortgage Investment Trust stock recently reached a 52-week low, hitting a price of 11.69 USD. According to InvestingPro data, the company maintains an impressive 13.28% dividend yield and has consistently paid dividends for 16 consecutive years. This milestone reflects a significant downturn over the past year, with the stock experiencing a 1-year change of -16.75%. The decline underscores the challenges faced by the company in the current market environment, as investors continue to navigate economic uncertainties and interest rate fluctuations. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with four analysts recently revising earnings expectations downward. This 52-week low marks a pivotal point for PennyMac Mortgage, prompting investors to closely monitor future developments and potential recovery strategies. For deeper insights into PMT’s valuation and future prospects, access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, PennyMac Mortgage Investment Trust reported a net loss of $3 million for the second quarter of 2025, resulting in a loss per share of $0.04. This was a significant deviation from analysts’ expectations, who had projected an earnings per share of $0.36. Despite this earnings miss, the company maintained its dividend at $0.40 per share, demonstrating a commitment to shareholder returns even in a challenging interest rate environment. Additionally, Wells Fargo has assumed coverage of PennyMac Mortgage Investment Trust with an Equal Weight rating, setting a price target of $13.00. The firm acknowledged the strength of PennyMac’s investment platform and experienced senior management but expressed concerns over current earnings not meeting dividend levels. These developments provide investors with crucial insights into the company’s financial health and strategic positioning.
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