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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PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q4 2021 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 $27.3 million, or $(0.28) per common share on a diluted basis for the fourth quarter of 2021, on net investment income of $49.5 million. PMT previously announced a cash dividend for the fourth quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on December 7, 2021 and paid on January 31, 2022 to common shareho

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2021 Results

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Mortgage REITs aren't the safest of investments as they often rely on factors largely outside of the control. In all likelihood, interest rates are going higher in 2022 and possibly in 2023 as the Federal Reserve tries to control inflation.

3 Mortgage REITs with Very High Dividend Yields

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.

Earnings Preview: PennyMac Mortgage (PMT) Q4 Earnings Expected to Decline

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter and year ended December 31, 2021 in a news release to be issued after the market close on Thursday, February 3, 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 th

PennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2021 Results

PennyMac Financial Services

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) (collectively “Pennymac” or “the companies”) today announced the launch of a new branding initiative. “After a year of collaborative effort on this initiative, I am delighted to begin our fifteenth year of business by presenting our new brand. It showcases our deep commitment as a lifetime homeownership partner that our broker, correspondent and consumer c

Pennymac Companies Unveil New Branding to Accelerate Reputation as Lifetime Homeownership Partners

PMT reported a loss in the third quarter.

PennyMac: Attractive Valuation But I Am Not Buying Yet

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 fourth quarter of 2021. This dividend will be paid on January 31, 2022, to common shareholders of record as of December 31, 2021. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in re

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

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We recently covered some poor choices in the high-yield space. Now, investors should hear about three better choices.

3 Plump Dividend Yields I Purchased

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Andrew S. Chang has decided to step down from the positions of Senior Managing Director and Chief Operating Officer of both PFSI and PMT on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Chairman and CEO, David Spector, at PFSI and PMT. “Andy has been a dedicated le

PennyMac Announces Organizational Changes and Update on Kurland Family Investments, LLC

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the fourth 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), its 8.00% 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 Fourth Quarter 2021 Dividends for Its Preferred Shares

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of -184.91% and -70.10%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage (PMT) Reports Q3 Loss, Lags Revenue Estimates

PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q3 2021 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 $43.9 million, or $(0.45) per common share on a diluted basis for the third quarter of 2021, on net investment income of $47.9 million. PMT previously announced a cash dividend for the third quarter of 2021 of $0.47 per common share of beneficial interest, which was declared on September 21, 2021 and paid on October 28, 2021 to common shareho

PennyMac Mortgage Investment Trust Reports Third Quarter 2021 Results

Earnings Preview: PennyMac Mortgage (PMT) Q3 Earnings Expected to Decline

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended September 30, 2021 in a news release to be issued after the market close on Thursday, November 4, 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 r

PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter 2021 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) (collectively “PennyMac”), leading companies in the residential mortgage industry, announced they will now offer expanded conforming loan amounts up to at least $625,000 in all states and counties1 through their Broker and Correspondent channels. “With the recent run-up in home price appreciation affecting many markets throughout the country, we wanted to

PennyMac Companies Support Broker and Correspondent Partners By Offering Conforming High Balance Loan Amounts Up to $625,000 Nationally

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 2021. This dividend will be paid on October 28, 2021, to common shareholders of record as of October 15, 2021. 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 2021 Dividend for Its Common Shares

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its 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 discussion at the Barclays Global Financial Services Conference at 12:00 p.m. Eastern Time on Wednesday, September 15, 2021. A link to the live audio webcast will be available on PennyMac Mortgage Investment Trust's

PennyMac Mortgage Investment Trust to Present at the 2021 Barclays Global Financial Services Conference

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96 U.S. REITs By FFOps, Yield, And Price Targets, In August

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 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 Third Quarter 2021 Dividends for Its Preferred Shares

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

News for PennyMac Mortgage Investment Stock (PMT)