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

2023-07-23 09:00:00 ET Summary U.S. equity markets extended their "disinflation rally" this week after European inflation data mirrored encouraging trends observed domestically, while economic data and earnings results were consistent with a "soft landing" trajectory. Posting its ...

Will Also Host Live Question & Answer Session PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended June 30, 2023, in a news release to be issued after the market close on Thursday, July 27, 2023. The release will be available online at pmt.pen...

2023-07-12 13:45:50 ET Summary This fund's total expense ratio is very high. A large part of the portfolio is in leveraged debt. The share price has lost 35% since inception and is very volatile. Distributions are down by about 20% in 10 years. Bonus: How to manage cap...

2023-07-12 07:38:17 ET Summary Variable rate securities should be agnostic to interest rates. Yet the floating rate preferreds crashed on a strong jobs report. The mispricing is exacerbated representing even greater opportunity. The fixed to floating preferred disloc...

2023-06-29 11:13:37 ET Summary This article compares Annaly Capital Management, Inc.’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of Annaly’s quarterly estimated REIT ta...

2023-06-27 10:00:00 ET Summary Recovering from a sharp sell-off in the wake of the Silicon Valley and First Republic Bank collapses, Mortgage REITs have rebounded as turmoil across interest rate markets has calmed. Distress in the commercial and residential real estate markets has...

2023-06-25 05:15:00 ET The past 15 months have been particularly difficult for companies operating in the mortgage market. The Federal Reserve's rapid-fire interest rate increases depressed the value of mortgage-backed securities. Rising rates also negatively affected anyone in the business...

2023-06-20 03:09:42 ET Summary PennyMac is paying out a 12% dividend yield to common shareholders. The mREIT's payout ratio currently stands at 80% with the commons swapping hands at a 16.7% discount to their fiscal 2023 first-quarter book value. Prospective shareholders shoul...

2023-06-14 13:28:58 ET Summary Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during the second quarter of 2023 (f...

2023-06-11 09:00:00 ET Summary U.S. equity markets climbed to their highs of the year as investors took positions ahead of a critical slate of inflation data and an anticipated "pause" in the Fed's rate hike cycle. Closing the week in 'bull market' territory, the S&P 500 advan...