PennyMac Mortgage Receives Hold Rating and Price Target of $13.00 from Deutsche Bank

Deutsche Bank analyst Mark DeVries maintains a Hold rating on PennyMac Mortgage with a price target of $13.00. The company's shares opened at $11.92. DeVries is ranked #156 out of 9893 analysts on TipRanks. PennyMac Mortgage also received a Hold from TR | OpenAI – 4o's Nina Homesse and a Buy rating from KBW. The company's market cap is $1.05B and has a P/E ratio of 16.68.

PennyMac Mortgage Investment Trust (NYSE: PMT), a real estate investment trust (REIT) specializing in mortgage-related assets, has seen mixed analyst ratings and financial performance recently. Deutsche Bank analyst Mark DeVries maintains a Hold rating on PennyMac Mortgage with a price target of $13.00, while the company's shares opened at $11.92 on July 2, 2025. DeVries is ranked #156 out of 9893 analysts on TipRanks [1].

The company's shares have been trading at a 52-week low, with analysts weighing current market risks against the probability of higher interest rates. PennyMac Mortgage Investment Trust has been offering attractive dividend yields, with a recent dividend of $0.40 per share, representing an annualized yield of 13.6% [3]. However, the company's payout ratio stands at an unusually high 222.22%, indicating that the dividend may not be sustainable in the long term.

PennyMac Mortgage Investment Trust reported a loss of ($0.04) EPS for the last quarter, missing analysts' estimates significantly, while the company's revenue was $70.20 million, below expectations of $95.46 million [1]. The company's net margin was 34.65% and its return on equity was 7.68% for the quarter. Research analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

Several research firms have commented on PennyMac Mortgage Investment Trust. Wells Fargo & Company cut their price objective on shares of PennyMac Mortgage Investment Trust from $14.00 to $13.00 and set an "equal weight" rating for the company [1]. Keefe, Bruyette & Woods downgraded shares of PennyMac Mortgage Investment Trust from an "outperform" rating to a "market perform" rating and cut their price target for the company from $14.50 to $13.50 [1]. UBS Group cut their price target on shares of PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating for the company [1]. Finally, Jones Trading reissued a "hold" rating on shares of PennyMac Mortgage Investment Trust [1].

Institutional investors have also been active in PennyMac Mortgage Investment Trust. Vanguard Group Inc., T. Rowe Price Investment Management Inc., Invesco Ltd., Charles Schwab Investment Management Inc., and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. have all increased their positions in the company's stock [1]. Hedge funds and other institutional investors own 67.38% of the company's stock.

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, and Correspondent Production segments [2]. The company's market capitalization is $1.05 billion, and its P/E ratio is 16.68 [1].

References:
[1] https://www.marketbeat.com/instant-alerts/pennymac-mortgage-investment-trust-nysepmt-director-catherine-a-lynch-buys-1366-shares-2025-07-28/
[2] https://finance.yahoo.com/quote/PMT/
[3] https://seekingalpha.com/article/4809500-pennymac-mortgage-investment-trust-a-switch-to-the-8-9-percent-yielding-baby-bond