PMT News and Press, PennyMac Mortgage Investment Trust of Beneficial Interest From 05/25/21

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Renee R. Schultz, a Fannie Mae veteran and accomplished mortgage industry leader, has joined its Board of Trustees. “We are excited to bring Renee’s broad range of expertise to PMT’s Board of Tr...

REITs recorded a sequential improvement across all critical metrics in Q1, powering a historic wave of dividend growth in early 2021. However, several harder-hit property sectors are far from fully-recovered. The Great Financial Crisis resulted in long-term, lasting pain for the real ...

Comparing future cash flows from individual preferred shares can be a useful tool for figuring out which share should be worth more. IVR-B and IVR-C are out of whack. Neither is great, but IVR-C is clearly a better deal when it costs $.50 less than IVR-B. There’s a better d...

The following slide deck was published by PennyMac Mortgage Investment Trust in conjunction with their 2021 Q1 earnings call. For further details see: PennyMac Mortgage Investment Trust 2021 Q1 - Results - Earnings Call Presentation

April 8-May 12, 2021, readers mentioned 52 equities in their comments. Some lamented bad news so bad news investments (rogues) mixed with (mostly) favorites. (Hence, these are the ReVFa/Ro.). Ten analyst target estimated TOP NET GAIN reader faves & rogues (ReFa/Ro) FDUS, NVS, BBL,...

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the second quarter of 2021 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series A Preferre...

One of our strong buy ratings from 2020 needs an update. GPMT destroyed the bears. GPMT was priced for disaster. It never happened. Unless someone was shorting GPMT. That person would have a disaster. Spreads between assets and hedges in agency and non-agency mREITs (ignores comme...

Several mortgage REITs are trading around book value. Thanks to changes in the spreads on agency MBS, book value has also increased substantially. The remaining risk/reward profile is significantly less appealing. The 3 REITs we highlight here have done a better job at protecting ...

We see another BDC where the price is pushing up close to trailing book value. The share price has hardly ever exceeded trailing BV in the last 6 years. So that doesn’t look like a good starting point. The book value per share has generally trended downward since early 2015...

Image source: The Motley Fool. PennyMac Mortgage Investment Trust (NYSE: PMT) Q1 2021 Earnings Call May 06, 2021 , 5:00 p.m. ET Isaac Garden Continue reading For further details see: PennyMac Mortgage Investment Trust (PMT) Q1 2021 Earnin...