
PMT Stock Forecast & Price Target
PMT Analyst Ratings
Bulls say
PennyMac Mortgage Investment Trust demonstrated a positive financial trajectory, with total conventional volume increasing approximately 12% to $2.74 billion, highlighting robust demand and operational efficiency. The projected current run-rate return on equity (ROE) of 9.9% indicates a rising earnings run rate of $0.38 per quarter, reflecting an upward trend from the previous quarter's $0.35. Additionally, while total leverage increased to 7.8x, the rise in leverage excluding non-recourse debt to 5.6x suggests improved operational performance amid expanding loan volumes.
Bears say
PennyMac Mortgage Investment Trust has experienced a reduction in book value during the second quarter, leading to concerns about its ability to achieve a double-digit return on equity (ROE) in the near term. Additionally, the company's servicing unearned principal balance (UPB) has declined to $221.6 billion, indicating a shrinking servicing portfolio compared to the previous period. The marginal decrease in mortgage servicing rights (MSRs) to $3.74 billion further reflects the company's challenges in maintaining asset value amidst a competitive market environment.
This aggregate rating is based on analysts' research of PennyMac Mortgage Investment and is not a guaranteed prediction by Public.com or investment advice.
PMT Analyst Forecast & Price Prediction
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