Mortgage REIT PennyMac reports Q4 net income of $41.9 mln

PennyMac Mortgage Investment Trust

29/01/2026 21:27

Overview

Mortgage REIT's Q4 net income was $41.9 mln, driven by credit and interest rate strategies

Company acquired $5.5 bln in loans, up 18% from prior qtr

Company raised $150 mln through exchangeable senior notes

Outlook

Company expects to acquire all non-Agency eligible correspondent production in Q1 2026

Company anticipates acquiring 15-25% of conventional conforming correspondent production in Q1 2026

Result Drivers

CREDIT AND INTEREST RATE STRATEGIES - Strong contributions from credit sensitive and interest rate sensitive strategies, including a tax benefit, drove Q4 results

LOAN ACQUISITIONS - Acquired $5.5 bln in loans, up 18% from prior qtr, contributing to investment activity

SECURITIZATIONS - Executed eight private label securitizations totaling $2.8 bln in UPB, supporting investment growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.48
Q4 Net Income
$41.90 mln
Q4 Dividend
$0.40


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for PennyMac Mortgage Investment Trust is $13.50, about 0.1% above its January 28 closing price of $13.48

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBw56zGqya

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)