Bank of America Securities analyst Eric Dray maintained a Hold rating on PennyMac Mortgage (PMT – Research Report) today and set a price target of $14.25. The company’s shares closed yesterday at $14.65.
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Dray covers the Real Estate sector, focusing on stocks such as Safehold, Blackstone Mortgage, and PennyMac Mortgage. According to TipRanks, Dray has an average return of -0.1% and a 38.46% success rate on recommended stocks.
PennyMac Mortgage has an analyst consensus of Hold, with a price target consensus of $14.25.
Based on PennyMac Mortgage’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $69.81 million and a net profit of $46.54 million. In comparison, last year the company earned a revenue of $502.63 million and had a net profit of $52.91 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PMT in relation to earlier this year. Earlier this month, Doug Jones, the Director, President & CMBO of PMT sold 14,530.00 shares for a total of $210,685.00.
Read More on PMT:
- PennyMac Mortgage management to meet virtually with BTIG
- PennyMac Mortgage Investment Faces Financial Risks Amid MSR Volatility and Regulatory Challenges
- Hold Rating on PennyMac Mortgage Amidst Strong Earnings and Dividend Yield Concerns
- PennyMac (PMT) Reports Strong Q4 with Positive Outlook
- PennyMac Mortgage Investment Trust: Strong Q4 2024 Results