Wedbush Starts PennyMac Mortgage Investment Trust (PMT) at Neutral

October 6, 2016 7:18 AM EDT
Get Alerts PMT Hot Sheet
Price: $17.02 +0.41%

Rating Summary:
    8 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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Wedbush initiates coverage on PennyMac Mortgage Investment Trust (NYSE: PMT) with a Neutral rating and a price target of $16.75.

Analyst Jason Weaver commented, "PMT is near our estimate of fair value and remains concentrated in investments that may have substantial upside potential but produce inconsistent investment performance. Our current stance is cautious while the portfolio transition may reduce our concern over time."

For an analyst ratings summary and ratings history on PennyMac Mortgage Investment Trust click here. For more ratings news on PennyMac Mortgage Investment Trust click here.

Shares of PennyMac Mortgage Investment Trust closed at $14.51 yesterday.

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