PMT News and Press, PennyMac Mortgage Investment Trust of Beneficial Interest From 03/07/23

2023-03-07 13:55:49 ET Summary With the Fed's terminal rate now at ~5.6% and "higher for longer" narrative, Blackstone Mortgage Trust, Inc.'s 100% floating-rate portfolio is poised to earn a lot more (all else equal). Only during the COVID peak panic did Blackstone Mortgage Trust ...

2023-03-07 10:30:00 ET Summary The month of February had a couple of very interesting insider purchases. In this article, we discuss the 10 biggest insider purchases by value. In addition, we will take a look into 2 companies more in-depth, which we found particularly interesting ...

Summary Slash to 11% or 12% incoming. Shares already dipped some, though many investors don’t know about the cut yet. Looking at the financials, it was clear the dividend would get whacked this year. Some peers are also poised to cut for 2023. Disagree with my techniq...

Summary Big unsustainable yield at a premium valuation. This share isn’t for investors, it’s for suckers. The valuation is at historically high levels. People who keep holding onto shares are not investing. Losing money isn’t the criteria for being an investor. ...

Last year was difficult for the mortgage industry. The Fed's aggressive series of interest rate hikes pushed up mortgage rates, which largely eliminated the incentive for borrowers to refinance their home loans. This caused mortgage origination volumes to fall from $4.4 trillion in 2021 to $2.2 t...

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2023 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (NYSE: PMT PrA), its 8.000% Series B Fixe...

Piper Sandler analyst Kevin Barker downgraded shares of PennyMac Mortgage Investment Trust ( NYSE: PMT ) to Neutral from Overweight as he reckoned the stock is trading closer to fair value relative to peers. PMT changed hands at 0.9 times tangible book value, representing a "slight pr...

Summary U.S. equity markets extended their rebound this week after the Federal Reserve slowed its pace of interest rate hikes while strong employment data alongside cooling wage pressures supported "soft landing" prospects. Gaining for the fourth week in the past five, the S&P 500 a...

Pennymac Mortgage Investment Trust ( NYSE: PMT ) stock slid 8.7% to a three-week low as the REIT posted Q4 loss , while the Street was expecting a profit, hurt by negative fair value marks and higher interest expense. Jones Research reiterated its Hold rating as risk/rewa...

The following slide deck was published by PennyMac Mortgage Investment Trust in conjunction with their 2022 Q4 earnings call. For further details see: PennyMac Mortgage Investment Trust 2022 Q4 - Results - Earnings Call Presentation