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Summary Easy article. 10 big dividends that look attractive. 3 shares where the yield doesn’t offset the downside risks. Each of the big yields we picked also has a good chance at capital gains within the next few years. Get ready for charts, images, and tab...
Summary Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. My buy, sell, or hold recommendation, current BV projection (BV as of 9/9/2022), and...
Summary PennyMac Mortgage Investment Trust is specialty finance company that primarily invests in mortgage-related assets. Its 13% yield is very attractive. In 2021, PMT issued their third preferred security, the PennyMac Mortgage Investment trust 6.75% Red PFD C, callable af...
Summary It was a predictable catastrophe. So predictable, that we literally predicted it. The evidence is here. The magnitude of the mispricing was hilarious. One mortgage REIT slaughtered their underwriter with superior analysis. I'm still impressed that the underwriters mana...
Summary This is one of the clearest opportunities we've seen for a home run. Epic difference in cash flows. Bad investors are speculating blindly by piling into the wrong share and distorting market prices. Take advantage of them. Get ready for charts, images, and ...
PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2022 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer, David A. Spector, and Senior Managing Director...
Summary Mortgage REITs are a terrible business and most common shares remain money pits. There are a few we tend to trade from time to time and their preferred shares take the safety up another notch. We examine two preferred shares with solid yields and tell you whether the h...
Summary In Q1 and Q2 spreads increased significantly, which contributed to a decline in book value. These are Treasury to MBS spreads, which are not the same as the Net Interest Spread. When the spreads are already this wide, it puts the mortgage REITs in a better position for...
Summary Spreads widened dramatically. Each dollar of book value can generate higher returns in this environment. The yield curve is inverted. That's bad, but not awful. It is more relevant to management than to shareholders. Get ready for charts, images, and tables bec...
18% Yield? Whacked to 13%. Notice a trend? Read my stuff? You saw it coming. Some peers will still be looking to chop their dividends as well. Why do so many people buy blindly while claiming to invest? Investors might close out their shorts now for a quick 10%, but "buying to clo...
News, Short Squeeze, Breakout and More Instantly...
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PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended June 30, 2024, in a news release to be issued after the market close on Tuesday, July 23, 2024. Management will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the results....
2024-07-10 12:30:06 ET Wedbush analyst issues NEUTRAL recommendation for PMT on July 10, 2024 10:00AM ET. The previous analyst recommendation was Neutral. PMT was trading at $14.27 at issue of the analyst recommendation. The overall analyst consensus : HOLD. Current ...
2024-07-10 12:30:06 ET Piper Sandler analyst issues UNDERPERFORM recommendation for PMT on July 10, 2024 10:00AM ET. The previous analyst recommendation was Underperform. PMT was trading at $14.27 at issue of the analyst recommendation. The overall analyst consensus : HO...