PMT News and Press, PennyMac Mortgage Investment Trust of Beneficial Interest From 12/07/22

PennyMac Mortgage Investment Trust ( NYSE: PMT ) declares $0.40/share quarterly dividend , -14.9% decrease from prior dividend of $0.47. Forward yield 10.86% Payable Jan. 27; for shareholders of record Dec. 30; ex-div Dec. 29. See PMT Dividend Scorecard, Yield Ch...

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the fourth quarter of 2022. This dividend will be paid on January 27, 2023, to common shareholders of record as of December 30, 2...

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the fourth quarter of 2022 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PrA), its 8...

Summary Mortgage REITs - which were left for dead amid a historically brutal year across fixed-income markets - have rebounded in recent weeks as earnings results were not as catastrophic as feared. Mortgage REITs are now outperforming Equity REITs for the year, and we continue to...

Summary Nearly 200 REITs and a dozen homebuilders have reported third-quarter earnings results over the past three weeks, providing critical information on the state of the U.S. real estate industry. REIT earnings season was surprisingly strong across nearly all property sectors. ...

Summary Huge rally in the sector today as rates plunged. CPI readings are still a poor metric for monetary policy. We’re seeing some deflation recently rather than inflation. Using the wrong metrics to evaluate policy and generate headlines leads investors to think infl...

Summary Following our prior article on the dramatic market failure between similar shares, the gap closed 6% in a week. In one case, that eliminated the problem with valuation. However, one share still has further to outperform. We're sharing some of our subscriber research on...

Summary The mortgage REIT sector has underperformed the broader market and is the lowest performing sector in the REIT industry in 2022, but the trend may be reversing. In this review, I offer suggestions for income investors to take advantage of bargain sale prices on 3 different...

Summary One of our picks today has about 40% upside to our recent targets in addition to a 12% yield. Rallying 40% would not even push the share price above book value. It would still have a modest discount. While share prices are down over 20% year-to-date, book value is actu...

The following slide deck was published by PennyMac Mortgage Investment Trust in conjunction with their 2022 Q3 earnings call. For further details see: PennyMac Mortgage Investment Trust 2022 Q3 - Results - Earnings Call Presentation