PennyMac Mortgage Investment

PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on May 18, 2009 and is headquartered in Westlake Village, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PennyMac Mortgage Investment faces challenges but eyes growth opportunities

PMT navigated challenges in Q4 2022 with a focus on strong risk management and strategic investments. Despite a net loss, the company's robust servicing capabilities and investment strategies position it for growth. Opportunities in market trends and portfolio performance offer avenues for future success.

PennyMac Mortgage Investment reports strong Q1 earnings and growth outlook

PMT's Q1 2023 performance showcased robust earnings and strategic investments. While facing challenges in interest rate-sensitive strategies, the company capitalized on market opportunities and maintained a positive outlook for the year. With a focus on capital deployment and share repurchases, PMT aims to leverage its strengths in correspondent production and MSR investments.

PennyMac Mortgage Investment Trust navigates challenges, emphasizes strategic diversification

PMT's Q2 2023 earnings call revealed a strategic shift towards increased transparency with its first live Q&A session. Despite challenges from pricing changes and declining production, PMT showcased strengths in credit-sensitive strategies and a balanced portfolio approach. The company is poised to capitalize on opportunities in new investments and portfolio expansion.

PennyMac Mortgage Investment (PMT) reports robust Q3 performance and strategic resilience

PennyMac Mortgage Investment (PMT) excelled in Q3, reporting strong financial results and demonstrating resilience in a challenging market environment.
With a focus on strategic investments and operational efficiency, PMT is well-positioned to navigate market uncertainties and capitalize on growth opportunities.
By proactively addressing challenges and leveraging its strengths, PMT is poised for continued success and value creation for its shareholders.

PMT reports strong Q4 earnings, eyes growth through strategic investments

PMT delivered robust financial results in Q4 2023, driven by strategic investments and shareholder-friendly initiatives. With a focus on stable cash flows from MSRs and proactive portfolio management, PMT is poised for sustained growth. Despite potential challenges, PMT's strong performance and prudent risk management position it well for future opportunities.

PMT reports solid Q1 earnings, eyes growth amid interest rate challenges

PMT delivered a strong Q1 performance with solid earnings and a stable portfolio. While facing challenges from interest rate trends and production segment dynamics, the company remains optimistic about future opportunities. Strategic capital actions and positive outlook on MSR investments position PMT for continued growth.

PennyMac Mortgage Investment reports stable Q2 earnings and growth opportunities

PMT's Q2 performance reflects steady income generation and strategic capital raising. The company's focus on MSR investments and correspondent production positions it well for stable cash flows and potential growth. While facing challenges in run rate potential and debt repayment, PMT has opportunities to leverage its strengths for future profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of -97.56% and 16.45%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage (PMT) Misses Q3 Earnings and Revenue Estimates

PennyMac Mortgage Investment Trust Reports Third Quarter 2022 Results

PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter 2022 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.47 per common share of beneficial interest for the third quarter of 2022. This dividend will be paid on October 28, 2022, to common shareholders of record as of October 14, 2022. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in resi

PennyMac Mortgage Investment Trust Declares Third Quarter 2022 Dividend for Its Common Shares

PennyMac Mortgage Investment Trust is specialty finance company that primarily invests in mortgage-related assets. Its 13% yield is very attractive. In 2021, PMT issued their third preferred security, the PennyMac Mortgage Investment trust 6.75% Red PFD C, callable after 5 years.

PennyMac Investors Have A Choice: Equity Or Preferreds

PennyMac Financial Services

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust (NYSE: PMT) at the 2022 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer, David A. Spector, and Senior Managing Director and Chief Financial Officer, Daniel S. Perotti will participate in a fireside chat at 9:00 a.m. Eastern Time on Wednesday, September 14, 2022. A link to the live audio

PennyMac Financial Services, Inc. to Present at the 2022 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2022 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer, David A. Spector, and Senior Managing Director and Chief Financial Officer, Daniel S. Perotti will participate in a fireside chat at 9:00 a.m. Eastern Time on Wednesday, September 14, 2022. A link to the live audio

PennyMac Mortgage Investment Trust to Present at the 2022 Barclays Global Financial Services Conference

Dynex Capital

Mortgage REITs are a terrible business and most common shares remain money pits. There are a few we tend to trade from time to time and their preferred shares take the safety up another notch.

Dynex Vs. PennyMac Preferred Shares: Is This A Free Lunch?

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the third quarter of 2022 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series A Preferred Shares”) (NYSE: PMT PrA), its 8.000% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series B Preferred Shares”) (NYSE: PMT

PennyMac Mortgage Investment Trust Declares Third Quarter 2022 Dividends for Its Preferred Shares

PennyMac Mortgage Investment Trust (NYSE:PMT ) Q2 2022 Earnings Conference Call August 2, 2022 4:30 PM ET Company Participants David Spector - Chairman and Chief Executive Officer Vandad Fartaj - Senior Managing Director and Chief Investment Officer Daniel Perotti - Senior Managing Director and Chief Financial Officer Conference Call Participants Operator Good afternoon, and welcome to the Second Quarter Earnings Discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available on PennyMac Mortgage Investment Trust's website at www.pennymac-reit.com.

PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q2 2022 Results - Earnings Call Transcript

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of -320% and 81.37%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage (PMT) Reports Q2 Loss, Lags Revenue Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss attributable to common shareholders of $81.2 million, or $(0.88) per common share on a diluted basis for the second quarter of 2022, on net investment income of $21.5 million. PMT previously announced a cash dividend for the second quarter of 2022 of $0.47 per common share of beneficial interest, which was declared on June 2, 2022 and paid on July 28, 2022 to common shareholders o

PennyMac Mortgage Investment Trust Reports Second Quarter 2022 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended June 30, 2022 in a news release to be issued after the market close on Tuesday, August 2, 2022. The release will be available online at www.PennyMac-REIT.com. The Company's executives will review the results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company's website concurrently with the news release.

PennyMac Mortgage Investment Trust Announces Date for Release of Second Quarter 2022 Results

U.S. small-cap stocks have been a huge laggard in the last year and decade. One small-cap REIT stock boasts a massive dividend yield, but its earnings history and technical price trends warrant caution.

PennyMac Mortgage: Bearish Earnings Trend And Price Action, But Improving Profit Outlook

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.47 per common share of beneficial interest for the second quarter of 2022. This dividend will be paid on July 28, 2022, to common shareholders of record as of July 14, 2022. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residenti

PennyMac Mortgage Investment Trust Declares Second Quarter 2022 Dividend for Its Common Shares

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the second quarter of 2022 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series A Preferred Shares”) (NYSE: PMT PrA), its 8.000% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series B Preferred Shares”) (NYSE: PM

PennyMac Mortgage Investment Trust Declares Second Quarter 2022 Dividends for Its Preferred Shares

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of -178.05% and 10.74%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage (PMT) Reports Q1 Loss, Tops Revenue Estimates

PennyMac Mortgage Investment Trust (NYSE:PMT ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants David Spector - Chairman and Chief Executive Officer Dan Perotti - Senior Managing Director and Chief Financial Officer Vandy Fartaj - Senior Managing Director and Chief Investment Officer Operator Good afternoon and welcome to the First Quarter Earnings Discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available on PennyMac Mortgage Investment Trust website at www.pennymac-reit.com.

PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q1 2022 Results - Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss attributable to common shareholders of $29.6 million, or $(0.32) per common share on a diluted basis for the first quarter of 2022, on net investment income of $81.8 million. PMT previously announced a cash dividend for the first quarter of 2022 of $0.47 per common share of beneficial interest, which was declared on March 4, 2022 and paid on April 28, 2022 to common shareholders o

PennyMac Mortgage Investment Trust Reports First Quarter 2022 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended March 31, 2022 in a news release to be issued after the market close on Thursday, May 5, 2022. The release will be available online at www.PennyMac-REIT.com. The Company's executives will review the results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company's website concurrently with the news release. I

PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2022 Results

Yesterday, we were talking about one preferred share and highlighting a 13% yield that wasn't a great deal. Today, we're flipping the script by talking about one of the 12.5% dividend yielders that belong in your portfolio.

12.5% Dividend Yield To Buy Today

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced that it will hold its 2022 Annual Meeting of Shareholders at 11:00 a.m. Pacific Time on Wednesday, June 1, 2022 virtually by means of a live webcast. Shareholders of record as of the close of business on April 5, 2022 are entitled to receive notice of, to attend, and to vote at the virtual annual meeting. Shareholders who wish to participate can visit www.virtualshareholdermeeting.com/PMT20

PennyMac Mortgage Investment Trust Announces Date for 2022 Annual Meeting of Shareholders

PennyMac Mortgage Investment Trust is a leader in overall loan production and the 6th largest loan servicer.

PennyMac Mortgage: 11% Dividend And 20% Upside Potential

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Catherine A. Lynch, retired CEO and Chief Investment Officer of the National Railroad Retirement Investment Trust, has joined its Board of Trustees. “We are delighted to welcome Catherine's passion and wide range of expertise to PMT's Board of Trustees,” said Chairman and CEO David A. Spector. “Her years of experience building and evaluating different investment strategies will add inv

News for PennyMac Mortgage Investment Stock (PMT)