Citizens cut target for PennyMac Mortgage Investment Trust stock to USD 12.50

Published on 10/20/2026 at 19:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter earnings per share were USD 0.23 versus USD 0.30 expected. PennyMac Mortgage Investment Trust stock costs EUR 6.28 on October 20, 2026.

Analyst target and reporting date

Citizens cut its PennyMac target from USD 15.00 to USD 12.50 on October 15, 2026.
Second-quarter diluted earnings per share were USD 0.23 versus USD 0.30 expected.
PennyMac Mortgage Investment Trust stock costs EUR 6.28 at Lang & Schwarz on October 20, 2026 at 7:05 p.m. CEST.
Third-quarter results are scheduled for October 29, 2026.

PMT, US70931T1034, Illustration mit AI erstellt.

Citizens cut its price target for PennyMac Mortgage Investment Trust from USD 15.00 to USD 12.50 on October 15, 2026, while keeping a Market Outperform rating, according to Markets Insider. PennyMac Mortgage Investment Trust stock was trading at EUR 6.28 at Lang & Schwarz on October 20, 2026 at 7:05 p.m. CEST.

Earnings keep the target debate alive

PMT reported diluted earnings per share of USD 0.23 for the second quarter ended June 30, 2026, below the USD 0.30 consensus estimate, according to MarketBeat. The same report put quarterly revenue at negative USD 46.00 million versus an expected USD 93.93 million, adding a clear operating counterweight to the target prices.

Stock stays near its yearly low

MarketBeat listed a 52-week range of USD 6.80 to USD 13.81 on October 18, 2026. The structured quote for the NYSE session placed PMT at USD 7.04 at 1:12 p.m. EDT on October 20, 2026, with a market capitalization of USD 613.5 million and volume of 1,019,874 shares.

The lower end of that range matters because Citizens based its revised target on a lower price-to-book assumption. The USD 12.50 target is 77.41 percent above the USD 7.04 NYSE price, using the same-day quote.

Valuation and the next reporting date

PMT carried a trailing P/E ratio of 4.92 and a dividend yield of 23.00 percent on October 20, 2026. MarketBeat reported that nine brokerages had a consensus Hold rating and an average target of USD 10.92 on October 18, 2026.

PennyMac Mortgage Investment Trust said on October 8, 2026 that it will release results for the quarter ended September 30, 2026 after the market close on October 29, 2026. Management scheduled its conference call for 6:00 p.m. EDT that day.

Comparison with peers

PMT: 4.92 P/E, USD 613.5 million market capitalization. Blackstone Mortgage Trust (NYSE, USD): 128.81 P/E, USD 1.7 billion market capitalization. Invesco Mortgage Capital (NYSE, USD): 3.38 P/E, USD 501.2 million market capitalization.

Investor takeaway

The central tension is visible in the valuation gap. PMT trades at a low single-digit P/E while the latest quarterly earnings per share missed consensus by USD 0.07, and the upcoming October 29, 2026 report may reset expectations.

The further course of trading is shown by the continuously updated real-time quote of PennyMac Mortgage Investment Trust stock.