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.

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Mortgage REITs can offer investors extremely high yields. While the yields are attractive, we want to keep an eye on prices as well. Rather than just paying lip service to prices, investors need to really dig into those price-to-book ratios and contrast current ratios with reasonable ratios.

2 Mortgage REITs: Fat 8% To 10% Dividend Yields With Upside

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (the “Company”) today announced the pricing of its underwritten public offering of 10,000,000 of its 6.75% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series C Preferred Shares”), liquidation preference $25.00 per share, for gross proceeds of $250 million, before deducting underwriting discounts and commissions and other estimated offering expenses. The Company intends to a

PennyMac Mortgage Investment Trust Prices Public Offering of 6.75% Series C Cumulative Redeemable Preferred Shares

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of -43.86% and -29.14%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage (PMT) Q2 Earnings and Revenues Lag Estimates

PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q2 2021 Results - Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $31.9 million, or $0.32 per common share on a diluted basis for the second quarter of 2021, on net investment income of $121.6 million. PMT previously announced a cash dividend for the second quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on June 23, 2021 and paid on July 29, 2021 to common shareholders o

PennyMac Mortgage Investment Trust Reports Second Quarter 2021 Results

PennyMac Mortgage (PMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PennyMac Mortgage (PMT) to Report a Decline in Earnings: What to Look Out for

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended June 30, 2021 in a news release to be issued after the market close on Thursday, August 5, 2021. 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 2021 Results

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We take a look at the action in preferreds and baby bonds through the first short week of July and highlight some of the key themes we are watching. We highlight the steep fall-off yield dynamic of callable securities moving past their "par" price level.

Preferreds Market Weekly Review

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 2021. This dividend will be paid on July 29, 2021, to common shareholders of record as of July 15, 2021. 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 2021 Dividend for Its Common Shares

PennyMac Financial Services

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021. Registration for the event is now open and available on the Company's investor relations website at www.PennyMac-REIT.com. A live video webcast will be available on the Company's website concurrent with the event. For those unable to join the live video webca

PennyMac Mortgage Investment Trust Announces Update for Investor Day on June 17, 2021

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Renee R. Schultz, a Fannie Mae veteran and accomplished mortgage industry leader, has joined its Board of Trustees. “We are excited to bring Renee's broad range of expertise to PMT's Board of Trustees,” said Chairman and CEO David A. Spector. “Her breadth of experience will undoubtedly add valuable perspective to our Board. On behalf of my fellow trustees, I welcome her arrival with gr

PennyMac Mortgage Investment Trust Announces Renee R. Schultz Has Joined Its Board of Trustees

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 2021 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) and its 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series B Preferred Shares”) (NYSE:

PennyMac Mortgage Investment Trust Declares Second Quarter 2021 Dividends for Its Preferred Shares

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of 11.67% and 11.18%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage (PMT) Tops Q1 Earnings and Revenue Estimates

PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q1 2021 Results - Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $65.4 million, or $0.67 per common share on a diluted basis for the first quarter of 2021, on net investment income of $201.4 million. PMT previously announced a cash dividend for the first quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on March 24, 2021 and paid on April 29, 2021 to common shareholders o

PennyMac Mortgage Investment Trust Reports First Quarter 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended March 31, 2021 in a news release to be issued after the market close on Thursday, May 6, 2021. 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 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced that it will hold its 2021 Annual Meeting of Shareholders at 11:00 a.m. Pacific Daylight Time on Wednesday, May 26, 2021 virtually by means of a live webcast. Shareholders of record as of the close of business on March 30, 2021 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

PennyMac Mortgage Investment Trust Announces Date for 2021 Annual Meeting of Shareholders

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 first quarter of 2021. This dividend will be paid on April 29, 2021, to common shareholders of record as of April 15, 2021. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in resident

PennyMac Mortgage Investment Trust Declares First Quarter 2021 Dividend for Its Common Shares

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer, in conjunction with a similar announcement today by PennyMac Financial Services, Inc. (NYSE: PFSI), PMT's manager and service provider. Mr. Jones had previously served as PMT's Senior Managing Director and Chief Mortgage Banking Officer. In his new role, Mr. Jones continues to be responsible for all activities re

PennyMac Mortgage Investment Trust Announces Appointment of President and Chief Mortgage Banking Officer

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (“PMT” or the “Company”) today announced the upsizing and pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp., of $300 million aggregate principal amount of its Exchangeable Senior Notes due 2026 (the “Notes”). The size of the offering was increased from the previously announced $200 million aggregate principal amount. The initial purchasers have a 13-day option to purchas

PennyMac Mortgage Investment Trust Upsizes and Prices Private Placement of $300 Million of Exchangeable Senior Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of David A. Spector as Chairman of the Board. Mr. Spector will continue to serve as Chief Executive Officer. “I am honored that the Board has entrusted me with this additional responsibility, and I am excited to continue leading this great company forward,” said PMT Chairman and CEO David A. Spector. “I would also like to take this opportunity to thank the Board and its Inde

PennyMac Mortgage Investment Trust Announces Appointment of Chairman

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2021 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) and its 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series B Preferred Shares”) (NYSE: P

PennyMac Mortgage Investment Trust Declares First Quarter 2021 Dividends for Its Preferred Shares

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The GEO Group showed top-broker estimated net gains of 103.33%, while Orchid Island Capital had the top (14.3%) yield out of 350 U.S. REITs per YCharts data 2/8/21. Top 10 net gainers TWO, PMT, EARN, GOOD, AFIN, NRZ, RC, CMO, CHMI, and GNL ranged 13.6%-30.1% 2/8/21. Top 36 US REITs (priced over $5) by yield represented 8 of 9 REIT industries.

67 U.S. Real Estate Investment Trusts Yield Over 7% In February

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of 16.42% and 14.03%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage (PMT) Surpasses Q4 Earnings and Revenue Estimates

PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q4 2020 Results - Earnings Call Transcript

News for PennyMac Mortgage Investment Stock (PMT)