Skip to main content

Market Overview

Credit Suisse Expects Outperformance From PennyMac Mortgage Investment Trust

Share:

In a report published Monday, Credit Suisse analyst Douglas Harter reiterated an Outperform rating and $24.00 price target on PennyMac Mortgage Investment Trust (NYSE: PMT).

In the report, Credit Suisse noted, “PMT will continue to deploy capital attractively into servicing related assets and earnings will increase to cover the dividend from the low of the first quarter. The combination of these positives coupled with an attractive valuation will allow PMT to outperform from a total return perspective.”

PennyMac Mortgage Investment Trust closed on Friday at $21.49.

Latest Ratings for PMT

DateFirmActionFromTo
May 2021Wells FargoMaintainsEqual-Weight
Dec 2020Keefe, Bruyette & WoodsUpgradesMarket PerformOutperform
Nov 2020B of A SecuritiesMaintainsNeutral

View More Analyst Ratings for PMT
View the Latest Analyst Ratings

 

Related Articles (PMT)

View Comments and Join the Discussion!

Posted-In: Credit Suisse Douglas HarterAnalyst Color Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
ETCredit SuisseMaintains13.0
IFRXCredit SuisseMaintains2.8
METCredit SuisseMaintains68.0
FLXNCredit SuisseMaintains14.0
ENPHCapital OneInitiates Coverage On175.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com