$PMT

Citizens lowered its price target for PennyMac Mortgage Investment Trust (PMT) to $12.50 from $15.00, citing a revised price-to-book value multiple. The stock trades at $6.87, near its 52-week low, with a price-to-book ratio of 0.46. PMT reported Q2 2026 earnings of $0.23 per share, missing estimates. Analysts have mixed views, with UBS setting a $10.00 target and Deutsche Bank upgrading to Buy with a $12.00 target.

Annaly Capital Management (NLY) raised its dividend after nine quarters of earnings coverage, yielding 15.6%. Rithm Capital (RITM) offers 11.5% yield with strong earnings. AGNC Investment (AGNC) maintains 16.4% yield with 75 consecutive monthly dividends. Starwood Property Trust (STWD) has steady payouts but earnings lag. PennyMac Mortgage (PMT) yields 20.3% but has weakest coverage.

Pennymac has integrated VantageScore 4.0 across its retail, broker, and correspondent businesses. The company announced the score is now live on its entire platform, including POWER+ for brokers. Pennymac's correspondent business extends the policy to loans from independent banks and credit unions. According to the company, this move aims to modernize credit scoring and support homeownership.

BTIG reports Pennymac, UWM, and loanDepot's Q3 agency MBS issuance lagged estimates, while Rocket and Onity exceeded expectations. Industry-wide MBS issuance fell 4% in September, with non-QM issuance down 18% QoQ but up 6% YoY. BTIG revised 2023 and 2024 origination forecasts downward, citing elevated mortgage rates and seasonal slowdowns.

Pennymac and UWM raised their conforming loan limits to $850,000 and $847,440, respectively, ahead of the FHFA's annual announcement. Rocket, CrossCountry, and Rate also increased their limits. Pennymac reported $16.6B in funded volume for Q3. UWM expanded non-warrantable condo guidelines. The MBA survey showed a 46% drop in mortgage applications YoY.

President Donald Trump's accounts made 46 real estate-related stock trades in June, with 29 sales and 17 purchases. Bisnow estimated a $350K reduction in CRE exposure, with notable sales in CoStar Group, SBA Communications, and Vici Properties. The White House disclosure covered 1,056 trades, with real estate trades representing 5.2% of all transactions.

Flagstar Financial (NYSE:FLG) reported Q2 revenues of $512M, up 3.2% YoY but missing estimates by 5.8%. The stock fell 6.3% post-earnings. Ellington Financial (NYSE:EFC) beat expectations with $123.1M in revenue, up 33.1% YoY, and its stock rose 3.6%. Rocket Companies (NYSE:RKT) reported $2.76B in revenue, up 92.9% YoY but missing estimates by 2.7%, with its stock up 5.9%. The thrifts & mortgage finance sector saw a 3.4% revenue miss and a 2.3% average stock decline.

PennyMac Mortgage Investment Trust (PMT) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 PennyMac Mortgage Investment Trust Reports Second Quarter 2026 Results WESTLAKE VILLAGE, Calif. – July 29, 2026 – PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $20 million, or $0.23 per common share on

PennyMac Mortgage Investment Trust (NYSE:PMT) will report earnings Wednesday after the bell. The REIT missed prior-quarter revenue expectations, reporting $82.13M revenue, up 84.7% YoY, and had a significant EPS miss with tangible book value per share in line. Analysts expect revenue to rise 36.6% YoY. PMT is down 11.6% over the past month; average price target is $12.11 vs $9.69.

Analyst estimates cited by FactSet show PennyMac Mortgage Investment Trust’s average 12-month price target was cut from $12.11 to $11.62. The range is $11 to $12 per share, implying about 19% upside versus the Jul. 24 close. Consensus remains “Hold” with 8 Holds, 0 Buys, and 0 Sells.