PMT News and Press, PennyMac Mortgage Investment Trust of Beneficial Interest From 07/10/21

U.S. equity markets were mixed on a volatile holiday-shortened trading week as renewed concerns over the spread of COVID variants and downbeat economic data pulled global sovereign yields to five-month lows. Climbing for the third-straight week and closing at record highs, t...

REITs continue to underperform BDCs over the longer and short term. For the same amount of income with less risk, it's better to invest 50% less capital in BDCs at 8.3% compared to equity REITs at 3.1% to 3.6%. BDCs have minimal investments in cyclical sectors, stronger credit per...

I had my first Put option assigned against me in over a year. There is a good chance another will happen in July. With volatility at a multi-year low, that has made me adjust my Put writing strategy to be more aggressive. Currently, I am also not using all the cash available. This...

Excitement from investors pushed price-to-book values dramatically higher over the last several months. Following the huge rally, investors should be very wary about which mortgage REITs they are purchasing. One of the few that still offers an attractive risk/reward profile is NRZ...

U.S. equity markets were mixed this past week as better-than-expected housing market data and "Goldilocks" employment data were offset by ongoing COVID concerns abroad over the "Delta" variant. Setting fresh record highs on seven straight days - the longest streak since 1997 - the S&a...

This article compares NLY’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of NLY’s quarterly estimated REIT taxable income, estimated core earnings, and normalized core earning...

U.S. equity markets rebounded following the worst week since February on promises of bipartisan progress on a significantly slimmed-down infrastructure package, reflecting concern that additional stimulus could further inflame inflation. Delivering its best week since February and clo...

Shares of PennyMac Mortgage Investment Trust of Beneficial Interest (NYSE:PMT) traded today at $21.51, eclipsing its 52-week high. This new high was reached on below average trading volume as 215,000 shares traded hands, while the average 30-day volume is approximately 912,000 shares. Pe...

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.47 per common share of beneficial interest for the second quarter of 2021. This dividend will be paid on July 29, 2021, to common shareholders of record as of July 15...

In our last public update on the sector, we wrote: “NLY’s share price is pushing the upper end of our target ranges as well”. It temporarily moved over that line, providing an opportunity for investors to capture their gains. If you’re not using price-t...