PMT News and Press, PennyMac Mortgage Investment Trust of Beneficial Interest From 06/08/21

PennyMac Mortgage Investment Trust of Beneficial Interest (NYSE:PMT) traded at a new 52-week high today of $20.69. This new high was reached on below average trading volume as 256,000 shares traded hands, while the average 30-day volume is approximately 767,000 shares. In the past 52 wee...

REITs get plenty of exposure on Seeking Alpha but this article discusses a sector that's currently yielding around 8% and continues to outperform. BDCs have minimal investments in cyclical sectors, stronger credit performance than many private equity/debt funds during recessionary per...

PDO is a newly-launched CEF from industry-leading fixed-income investment management firm PIMCO. PDO trades at a small premium to its NAV, compared to its sister funds PTY, PCI, and PDI that trade from 9% to 39% premium to NAV. PDO is still investing its assets and yields 6.7% pai...

We take a look at the action in preferreds and baby bonds over the past week and highlight some of the key themes we are watching. We remain wary of the gap between stripped yield and yield-to-call of preferreds, particularly, for investment-rated securities which are common in prefer...

U.S. equity markets flirted with fresh record-highs this week as concerns regarding economic "overheating" cooled after employment data showed that job growth fell short of expectations for the second straight month. Finishing on the cusp of fresh record-highs, the S&P 500 rallied...

NEWT's price is WAY above trailing book value. Hurray for the big Q2 2020 dividend, but this price isn't sustainable. NLY-G looks too expensive. Why would you buy NLY-G at $25.40 over NLY-I at $25.76? Won't pay over par? You still wouldn't want NLY-G. Stop arguing. CIM-C vs. CIM-D...

U.S. equity markets rallied this past week as long-term inflation expectations eased following a lukewarm slate of economic data and as massive new government spending programs face diminishing public support. Snapping a two-week skid, the S&P 500 rallied 1.2% on the week. Bitcoin...

ORC and ARR each have a dividend yield of 10% or higher, but that doesn’t mean prices are attractive. Investors focusing only on the dividend yield can miss the forest for the trees. The historical price-to-book ratios demonstrate that the REITs usually trade within a range...

Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return, and current valuation to nineteen mREIT peers. Providing sector-wide metrics allow readers to better understand which mREIT companies will likel...

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...