Alert: Positive Investment/Fundamental Signals (12/1/23)-PennyMac Mortgage Investment Tru (NYSE: PMT)


Recent notable positive changes in investment behavior have benefitted PennyMac Mortgage Investment Tru (NYSE: PMT): its longer term price trend turned up.

PennyMac Mortgage Investment Tru (NYSE: PMT) has benefited from significant positive changes in fundamentals: the stock’s power rating rose above 70, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

PMT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

PennyMac Mortgage Investment Tru has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PennyMac Mortgage Investment Tru has a slightly positive Appreciation Score of 70 and a good Power Rating of 76, and the Positive Value Trend Rating results.

Recent Price Action

PennyMac Mortgage Investment Tru (NYSE: PMT) stock enjoyed a large increase of 2.6% on 12/1/23. The stock closed at $14.40. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 4.2% during the last week.

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