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

Published on 10/15/2026 at 19:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income reached USD 20.0 million in the second quarter. PennyMac Mortgage stock costs EUR 6.42 on October 15, 2026, up 4.80 percent on NYSE.

Analyst view and earnings date

Citizens lowered its target from USD 15.00 to USD 12.50 on October 15, 2026.
PennyMac reported USD 20.0 million in net income for the second quarter of 2026.
PennyMac Mortgage Investment Trust stock costs EUR 6.42 at Lang & Schwarz on October 15, 2026 at 7:28 p.m. CEST, up 4.80 percent on the NYSE versus USD 6.87.
PennyMac is scheduled to release third-quarter 2026 results on October 29, 2026.

PMT, US70931T1034, Illustration mit AI erstellt.

Citizens lowered its price target for PennyMac Mortgage Investment Trust from USD 15.00 to USD 12.50 on October 15, 2026, while retaining its Market Outperform rating, according to Investing.com. The target stands 73.61 percent above the USD 7.20 NYSE price. The company identifies PMT as NYSE: PMT on its investor-relations page. Its euro quote was EUR 6.42 at Lang & Schwarz on October 15, 2026 at 7:28 p.m. CEST, while the NYSE price was USD 7.20, up 4.80 percent from USD 6.87.

Second-quarter income reached USD 20.0 million

PennyMac reported net income attributable to common shareholders of USD 20.0 million for the second quarter of 2026. Diluted earnings per share were USD 0.23, below the USD 0.31 forecast cited by Investing.com.

Range and trading activity

The primary-market quote stood 5.88 percent above the USD 6.80 52-week low and 47.86 percent below the USD 13.81 high as of October 15, 2026. Trading volume reached 1,588,438 shares, against an average of 1,776,729 shares. The placement keeps the current quote near the lower end of its yearly range.

Valuation and October results

PennyMac had a market capitalization of USD 627.4 million, a price-to-earnings ratio of 5.03 and a dividend yield of 22.00 percent as of October 15, 2026. The company is scheduled to release results for the quarter ended September 30, 2026, after the market close on October 29, 2026, according to Morningstar. Management plans a conference call at 6:00 p.m. Eastern Time that day.

Comparison with peers

PMT: plus 4.80 percent, P/E 5.03, market capitalization USD 627.4 million.

AGNC Investment Corp. (NYSE, USD): plus 3.28 percent, P/E 4.54, market capitalization USD 10.5 billion.

Annaly Capital Management, Inc. (NYSE, USD): plus 2.29 percent, P/E 4.64, market capitalization USD 14.0 billion.

Price stays near the yearly low

The mortgage REIT invests primarily in residential mortgage loans and mortgage-related assets, with external management and servicing arrangements described on its investor-relations page. The next quarterly report will provide a fresh test of earnings after the second-quarter result.

PennyMac Mortgage Investment Trust was trading at EUR 6.42 at Lang & Schwarz on October 15, 2026 at 7:28 p.m. CEST, up 4.80 percent on the NYSE versus USD 6.87.

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