PennyMac Mortgage Investment Trust Stock News

Several REIT preferred issues have converted from fixed to floating interest rates, paying dividends at 3-month LIBOR plus 350 to 600 basis points. The share price performance of these issues upon con

Preferred Dislocation Accelerates On Jobs Report

PennyMac Mortgage: The 12% Yield Comes With A 17% Discount To Book

Big yields and even bigger discounts on each share here. A buyout drove one of our positions up about 40% in a day. The REITs we're highlighting here don't unusually trade at such large discounts to b

The book value per share showed a marginal increase to $15.96, which is a slight improvement from last quarter's $15.78 but still lower than the third quarter results of 2022. The management expects m

PennyMac Mortgage Investment Trust uses an unusual strategy. As long as the economy remains strong, PennyMac's dividend looks safe.

PennyMac Mortgage (PMT) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to loss of $0.32 per share a year ago.

PennyMac C Series Preferred Yielding Over 9.7%.

Wild swings in relative share prices leads to a dramatic change in relative values. Exploiting these opportunities enhances total returns and dividend income over time.

Mortgage servicing rights increase in value as interest rates rise. This will reverse if rates start falling this year.

PMT reported a net loss of $5.8 million which is a substantial improvement compared to a net loss of $27.3 million in 4Q21. I believe PMT can distribute a cash dividend of $0.47 per share in each of t

Mortgage servicing has been the engine driving profits lately, but the servicing book is fully valued.

PennyMac Mortgage (PMT) delivered earnings and revenue surprises of -117.95% and 51.48%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Mortgage Investment Trust (NYSE:PMT ) Q4 2022 Earnings Conference Call February 2, 2023 5:30 PM ET Company Participants Isaac Garden - Investor Relations David Spector - Chairman & Chief Exec

Mortgage servicing has driven results, but will they continue?