PennyMac Mortgage Investment Trust: Not Terrible But Not Attractive [Seeking Alpha]
PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT)
Last pennymac mortgage investment trust common shares of beneficial interest earnings: 2/6 04:30 pm
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US:NYSE Investor Relations:
ir.pennymacfinancial.com
Company Research
Source: Seeking Alpha
Follow Summary PennyMac Mortgage Investment Trust offers a double-digit dividend yield, with the potential to grow if rates drop. The dividend history, however, has been one of a decline. Its investment income is complex for an mREIT, drawing from loan flipping, servicing fees, credit risk transfers, and hedging. Long-term, PMT faces risks that their mark-to-market assets will face margin calls and cause permanent capital loss, so a better margin of safety is needed before buying. Jose Luis Pelaez Inc/DigitalVision via Getty Images PennyMac Mortgage Investment Trust ( NYSE: PMT ) is another mortgage REIT trading with a double-digit dividend yield. Having covered a variety throughout the year, with similarly varied opinions, I wanted to see if PMT provided an opportunity, particularly as folks anticipate the Fed's first-rate cuts this September, following the hike campaign that began in 2022. Business Model PMT is managed by a subsidiary of PennyMac Financial Service
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PMT
News
- PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 Dividends for Its Preferred Shares [Yahoo! Finance]Yahoo! Finance
- PennyMac Mortgage Investment Trust Declares Fourth Quarter 2024 Dividends for Its Preferred SharesBusiness Wire
- Best mortgage lenders of November 2024 [Yahoo! Finance]Yahoo! Finance
- PennyMac Mortgage Investment Trust Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Are Investors Undervaluing PennyMac Mortgage Investment Trust (PMT) Right Now? [Yahoo! Finance]Yahoo! Finance
PMT
Earnings
- 10/22/24 - Miss
PMT
Sec Filings
- 11/14/24 - Form SC
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 4
- PMT's page on the SEC website