PMT News and Press, PennyMac Mortgage Investment Trust of Beneficial Interest From 12/08/23

2023-12-08 12:42:52 ET Summary Interest rates have plunged since October 19th, 2023, which is significant for REITs. Some mortgage REITs have seen gains in book value due to a mix of interest rates and spreads. Blackstone Mortgage Trust was attacked by a bear. We...

2023-12-07 14:45:54 ET Summary 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 dividend cut in 2023 as it has paid out more in divide...

2023-12-06 08:59:20 ET Summary Part 1 of this article compares RITM’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 fourth quarter of 2023 (...

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 2023. This dividend will be paid on January 26, 2024, to common shareholders of record as of December 2...

2023-12-04 17:47:23 ET Summary 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 alternative share with a better risk/reward profile. ...

2023-11-16 18:45:16 ET Summary 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 terms of book value changes. Investors should...

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the fourth 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 Fix...

2023-11-14 17:51:52 ET Summary REITs experienced significant gains, outperforming other sectors. Investors are hesitant to own REITs during rising interest rates but don't want to miss out when rates fall. There's no time between rates falling and REITs rising. Lower interest ...

2023-11-01 16:19:54 ET Summary Dynex Capital, Inc.'s predicted dividend cut did not happen. We analyze what went wrong and why avoiding the stock still worked out for those that bought our thesis. We examine where this goes from here and weigh in on the preferred shares as wel...

2023-10-31 10:00:00 ET Summary At the halfway point of earnings season, REIT earnings results have been stronger than expected - and certainly stronger than the recent dismal share price performance of REITs would indicate. Of the 40 equity REITs that have provided updated full-ye...