The average one-year price target for PennyMac Mortgage Investment Trust - Preferred Stock (NYSE:PMTW) has been revised to $37.17 per share, as of October 1, 2026. This represents an increase of 17.60% from the prior estimate of $31.61 dated September 13, 2026. These figures represent aggregate analyst targets compiled by Fintel and do not constitute a recommendation orinvestment adviceby Fintel.

The price target is an average of multiple estimates provided by analysts, with the latest individual targets ranging from a low of $32.61 to a high of $50.86 per share. The average price target represents an implied increase of 47.57% from the latest reported closing price of $25.19 per share on October 2, 2026. The target range has widened, with the current target range width of $18.24 compared to the prior width of $15.51, representing a target range width change percent of +17.60%. The current median target increased to $32.94 from the prior median of $28.01, reflecting an absolute median change of $4.93. The current mean-median gap is $4.23.

Looking at the historical progression of the average target, the mean target was $31.78 on August 4, 2026, $31.82 on August 29, 2026, and $31.61 on September 15, 2026, before reaching $37.17 on October 3, 2026. Comparing the observed twelve-month values, the observed twelve-month high mean is $37.17 on October 3, 2026, and the observed twelve-month low mean is $26.17 on December 21, 2025. The target change since the 90-day baseline date of June 30, 2026, is +31.70%.

As context for the stock's performance, the price change over one week was +0.07% from a baseline close of $25.17 on September 25, 2026. The price change over one month was -0.00% from a baseline close of $25.19 on September 2, 2026.

PennyMac Mortgage Investment Trust - Preferred Stock operates within the Financials sector, Capital Markets industry, and Asset Management & Custody Banks sub-industry. Within this sub-industry, 9 companies are covered, with 1 raised, 2 lowered, and 6 unchanged. The sub-industry median revision percent is 0.00%, and the sub-industry median implied change percent is +28.58%.

Analyst recommendation trends show a slight shift. For the current recommendation period of September 1, 2026, there are 13 total recommendations, consisting of 1 strong buy, 4 buy, 8 hold, 0 sell, and 0 strong sell. This represents 38.5% positive, 61.5% hold, and 0.0% negative recommendations. In the prior recommendation period of August 1, 2026, there were also 13 total recommendations, consisting of 1 strong buy, 3 buy, 9 hold, 0 sell, and 0 strong sell, representing 30.8% positive, 69.2% hold, and 0.0% negative recommendations.

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This story originally appeared on Fintel.