PennyMac Mortgage Closes $105M Senior Notes Offering

The latest announcement is out from PennyMac Mortgage ( (PMT) ).

On June 10, 2025, PennyMac Mortgage Investment Trust successfully closed a public offering of $105 million in 9.00% Senior Notes due 2030, including a partial exercise of an over-allotment option. The Notes, guaranteed by PennyMac Corp., are set to mature in 2030 and have been approved for listing on the New York Stock Exchange under the symbol ‘PMTW’. The offering, underwritten by major financial firms, is expected to generate net proceeds of approximately $101 million, which could increase if the remaining over-allotment option is exercised.

The most recent analyst rating on (PMT) stock is a Buy with a $15.50 price target. To see the full list of analyst forecasts on PennyMac Mortgage stock, see the PMT Stock Forecast page.

Spark’s Take on PMT Stock

According to Spark, TipRanks’ AI Analyst, PMT is a Neutral.

PennyMac Mortgage’s overall score reflects significant financial and technical challenges, including profitability issues and bearish market momentum. However, the company’s strong operational efficiency, risk management, and high dividend yield provide some level of attractiveness, particularly for income-focused investors. The earnings call further underscores both the strategic initiatives and external pressures impacting the company’s performance.

To see Spark’s full report on PMT stock, click here.

More about PennyMac Mortgage

PennyMac Mortgage Investment Trust is a company operating in the financial services industry, primarily focused on mortgage investment. The company deals with mortgage-related assets and engages in the acquisition and management of residential mortgage loans and mortgage-related assets.

Average Trading Volume: 879,783

Technical Sentiment Signal: Buy

Current Market Cap: $1.08B

See more insights into PMT stock on TipRanks’ Stock Analysis page.