- Our latest purchase in the sector is PMT. We think PMT is a great choice today following the substantial decline in share price since the Q2 2020 earnings.
- PMT has underperformed the most similar mortgage REITs lately. Shares dipped all the way into the strong buy range. PMT carries a risk rating 3.5, below average for mortgage REITs.
- Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.
- In this series. we're providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.
- When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
For further details see:
We Just Bought Another Mortgage REIT