Keefe Bruyette cuts target for PennyMac Mortgage Investment Trust stock to USD 10.75

Published on 10/08/2026 at 13:43 | 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 stood at EUR 6.69 on October 8, 2026, with results due October 20, 2026.

PMT, US70931T1034, Illustration mit AI erstellt.

PennyMac Mortgage Investment Trust (ISIN US70931T1034) was at EUR 6.69 at Lang & Schwarz on October 8, 2026 at 1:36 p.m. CEST. On October 7, 2026, Keefe Bruyette cut its price target from USD 12.00 to USD 10.75 while keeping a Market Perform rating, as Markets Insider reported.

What does the target cut change?

The revised USD 10.75 target remains above the latest US market reference of USD 7.90 reported for October 7, 2026, but the target reduction narrows the valuation signal from the earlier USD 12.00 level. A separate October 7 report said KBW kept a Hold rating and set a USD 10.75 target, according to Markets Insider.

Three recent figures frame PMT

On July 29, 2026, PMT reported diluted earnings per share of USD 0.23 for the second quarter, below the USD 0.30 consensus estimate. Revenue was negative USD 46.00 million versus an expected USD 93.93 million, according to MarketBeat.

On October 3, 2026, MarketBeat listed the sale of 2,444 shares by Chief Accounting Officer Gregory Hendry. On October 7, 2026, the Keefe Bruyette target moved from USD 12.00 to USD 10.75, making the analyst revision the latest dated event in this sequence.

Chronology puts the revision in context

On July 29, 2026, diluted earnings per share were USD 0.23 for the second quarter. On October 3, 2026, an officer sale involved 2,444 shares. On October 7, 2026, Keefe Bruyette lowered its target to USD 10.75 from USD 12.00, with the figures and dates carried by MarketBeat.

Upcoming dates and income signal

MarketBeat lists October 8, 2026 as the record date for the USD 0.40 quarterly dividend and October 20, 2026 as the next earnings date. The dividend is scheduled for payment on October 23, 2026, giving the analyst revision an immediate reporting and income calendar around it.

Stock valuation remains income-sensitive

PMT's US market data showed a 52-week range of USD 7.64 to USD 13.81 and market capitalization of USD 688.9 million on October 7, 2026. The trust invests primarily in residential mortgage loans and mortgage-related assets, so earnings per share, dividend coverage and mortgage-market conditions remain central to how the target revision is read.

The price stood at EUR 6.69 at Lang & Schwarz on October 8, 2026 at 1:36 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of PennyMac Mortgage Investment Trust stock.