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Upturn AI SWOT - About
PMT 
PennyMac Mortgage Investment Trust (PMT)
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Upturn Advisory Summary
03/06/2025: PMT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -49.09% | Avg. Invested days 24 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/06/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.27B USD | Price to earnings Ratio 10.66 | 1Y Target Price 14.43 |
Price to earnings Ratio 10.66 | 1Y Target Price 14.43 | ||
Volume (30-day avg) 741779 | Beta 1.48 | 52 Weeks Range 11.77 - 14.93 | Updated Date 04/1/2025 |
52 Weeks Range 11.77 - 14.93 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 10.92% | Basic EPS (TTM) 1.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 31.9% | Operating Margin (TTM) 376.02% |
Management Effectiveness
Return on Assets (TTM) 1.17% | Return on Equity (TTM) 8.27% |
Valuation
Trailing PE 10.66 | Forward PE 10.05 | Enterprise Value 13549590528 | Price to Sales(TTM) 2.51 |
Enterprise Value 13549590528 | Price to Sales(TTM) 2.51 | ||
Enterprise Value to Revenue 40.31 | Enterprise Value to EBITDA - | Shares Outstanding 86861000 | Shares Floating 70746515 |
Shares Outstanding 86861000 | Shares Floating 70746515 | ||
Percent Insiders 1.21 | Percent Institutions 69.78 |
Analyst Ratings
Rating 3.2 | Target Price 14.5 | Buy 2 | Strong Buy - |
Buy 2 | Strong Buy - | ||
Hold 8 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
PennyMac Mortgage Investment Trust
Company Overview
History and Background
PennyMac Mortgage Investment Trust (PMT) was founded in 2009 and is focused on investing in mortgage-related assets. It has grown through strategic investments and partnerships within the mortgage sector.
Core Business Areas
- Credit Sensitive Strategies: Investments in distressed mortgages and mortgage-related assets.
- Interest Rate Sensitive Strategies: Investments in mortgage servicing rights and other assets sensitive to interest rate changes.
- Correspondent Lending: Acquisition of newly originated prime credit quality mortgage loans.
Leadership and Structure
David Spector serves as the Chairman and Chief Executive Officer. The company operates with a board of directors and a management team overseeing different investment strategies.
Top Products and Market Share
Key Offerings
- Mortgage Servicing Rights (MSRs): MSRs represent the right to service mortgage loans in exchange for a fee. PMT actively manages its MSR portfolio. Competitors include New Residential Investment Corp (NRZ) and Rithm Capital Corp (RITM). Market share is not typically segmented precisely by MSR holdings alone, but rather overall mortgage investment portfolios.
- Credit Risk Transfer (CRT): CRT securities transfer credit risk from mortgage loans to investors. PMT invests in CRT securities to generate returns. Competitors include Annaly Capital Management (NLY) and AGNC Investment Corp (AGNC). Market share data is not available in a segmented form.
- Newly originated mortgage loans: Prime credit quality mortgage loans acquired through correspondent lending. Competitors are various mortgage lenders and REITs. Market share data isn't directly reported for PMT's specific correspondent lending activity.
Market Dynamics
Industry Overview
The mortgage REIT industry is sensitive to interest rate fluctuations, credit spreads, and housing market conditions. Regulatory changes and economic cycles also impact the industry.
Positioning
PennyMac Mortgage Investment Trust focuses on both credit-sensitive and interest rate-sensitive strategies, providing diversification. Its relationship with PennyMac Financial Services (PFSI) gives it access to origination and servicing capabilities, providing a competitive edge.
Total Addressable Market (TAM)
The total addressable market for mortgage-related investments is substantial, encompassing trillions of dollars in outstanding mortgage debt. PMT is positioned to capture a portion of this market through its diversified investment strategies, but its exact TAM share isn't explicitly defined. The US mortgage market is approximately $13 Trillion.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Diversified investment strategies
- Relationship with PennyMac Financial Services
- Access to mortgage origination and servicing capabilities
Weaknesses
- Sensitivity to interest rate fluctuations
- Reliance on external manager for origination and servicing
- Complexity of investment portfolio
- Potential for credit losses in distressed mortgages
Opportunities
- Expansion of investment strategies
- Increased demand for mortgage credit
- Strategic acquisitions and partnerships
- Growth in the housing market
Threats
- Rising interest rates
- Economic downturn
- Increased competition
- Regulatory changes impacting mortgage markets
Competitors and Market Share
Key Competitors
- AGNC
- NLY
- RITM
- IVR
Competitive Landscape
PennyMac Mortgage Investment Trust differentiates itself through its relationship with PennyMac Financial Services, providing access to origination and servicing expertise. It faces competition from larger, more diversified REITs and specialized mortgage investors.
Major Acquisitions
Ginnie Mae MSR Portfolio
- Year: 2021
- Acquisition Price (USD millions): 343
- Strategic Rationale: To expand its servicing portfolio and increase its exposure to government-backed mortgages.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by strategic investments in mortgage-related assets and expansion of its servicing portfolio.
Future Projections: Future projections depend on various factors, including interest rate environment and housing market conditions. Analyst estimates should be consulted for specific projections.
Recent Initiatives: Recent initiatives typically involve portfolio optimization, strategic acquisitions, and adaptation to market conditions.
Summary
PennyMac Mortgage Investment Trust benefits from its connection to PennyMac Financial Services, providing a competitive advantage in the mortgage market. Its diversified investment strategies help mitigate risks, but it remains vulnerable to interest rate fluctuations and economic downturns. Maintaining a strong balance sheet and adapting to evolving market conditions will be crucial for future success. Continued portfolio optimization is key to staying relevant.
Similar Companies
- AGNC
- NLY
- RITM
- PFSI
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations Materials
- Financial News Articles
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data is subject to change. Consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PennyMac Mortgage Investment Trust
Exchange NYSE | Headquaters Westlake Village, CA, United States | ||
IPO Launch date 2009-07-30 | Chairman of the Board & CEO Mr. David A. Spector | ||
Sector Real Estate | Industry REIT - Mortgage | Full time employees 7 | Website https://pmt.pennymac.com |
Full time employees 7 | Website https://pmt.pennymac.com | ||
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, base servicing and excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. The Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit quality loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.
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