PennyMac Mortgage Investment Trust Stock News

PennyMac Mortgage Investment Trust has significant investments in Mortgage Servicing Rights but has a weak long-term track record in book value and recently cut its dividend. PMT may face another divi

One of our investments finally rallied into our neutral range. Shares were a strong buy frequently in the last several months. One position resulted in a 26.7% return. We're highlighting an alternativ

Mortgage REITs and BDCs had varying performances in Q3 2023, with agency mortgage REITs performing the worst and BDCs performing the best. Originator/servicer mREITs and RC outperformed their peers in

PennyMac (PMT), Tanger (SKT) and AvalonBay (AVB) are three real estate stocks to look into as mortgage rates fall on the Fed's interest rate hold.

PennyMac Mortgage (PMT) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.01 per share a year ago.

September saw no new preferred stock offerings, but three ETD offerings began trading with dividend yields ranging from 7.625% to 8.5%. CDx3 preferreds ranked 10 out of 10 are selling at an average di

We take a look at the action in preferreds and baby bonds through the fourth week of September and highlight some of the key themes we are watching. Preferreds finished lower, under pressure from the

Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more

PennyMac Mortgage Trust caused confusion with their announcement on fixed-to-floating shares, requiring re-examination of these shares. Some REITs have stated they will use 3-month Term SOFR + 26.161

PennyMac Mortgage has announced that its preferred securities will not transition to a floating rate and will remain pegged to existing fixed rates. The decision has sparked debate over the legality a

PennyMac Mortgage Investment Trust announced plans to use fixed-rate dividends instead of floating rates for its preferred shares. The announcement comes after a significant increase in interest rates

PennyMac Mortgage Investment Trust announces that two of its preferred shares will not transition to a floating reference rate, impacting their dividend rates. The cost savings from this move are expe

PennyMac didn't earn enough in Q2 to cover its dividend. Investors should exercise caution if they're thinking of buying the shares.

While the top- and bottom-line numbers for PennyMac Mortgage (PMT) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics c

PennyMac Mortgage (PMT) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to loss of $0.88 per share a year ago.