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PennyMac Mortgage Investment Trust (PMT)

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PennyMac Mortgage declares $0.61 dividend

SA News • Dec. 10, 2014
PennyMac Financial moves into commercial real estate finance

SA News • Dec. 3, 2014
PennyMac Mortgage Investment Trust: Why Income Investors Should Consider This 11% Yielder

Achilles Research • Nov. 24, 2014• 4 Comments
PennyMac Mortgage EPS of $0.69

SA News • Nov. 5, 2014
PennyMac Mortgage Investment Trust declares $0.61 dividend

SA News • Sep. 18, 2014
New FHFA rule would kick REITs out of FHLBs

SA News • Sep. 2, 2014• 16 Comments
Update: PennyMac Earnings

Marshall Hargrave • Aug. 21, 2014• 1 Comment
PennyMac Mortgage higher after sizable beat

SA News • Aug. 7, 2014
PennyMac Mortgage beats by $0.34

SA News • Aug. 6, 2014
PennyMac Mortgage Investment Trust declares $0.59 dividend

SA News • Jun. 27, 2014
Zacks' Bear Of The Day: PennyMac Mortgage

Zacks Investment Research • May. 27, 2014• 7 Comments
PennyMac Mortgage downgraded at Wells Fargo

SA News • May. 8, 2014
PennyMac Mortgage lower after slide in earnings

SA News • May. 7, 2014
PennyMac Mortgage misses by $0.14

SA News • May. 7, 2014
Mortgage REIT outlook updated by Credit Suisse

SA News • Apr. 7, 2014• 5 Comments
PennyMac Mortgage Investment Trust declares $0.59 dividend

SA News • Mar. 24, 2014
PennyMac Mortgage Offers A 10% Dividend Yield, And That's Not The Best Part

PRO • Marshall Hargrave • Feb. 19, 2014• 5 Comments
PennyMac's CEO Presents at 2014 Credit Suisse Financial Services Forum Conference (Transcript)

SA Transcripts • Feb. 11, 2014
Servicers recoup yesterday's lost ground

SA News • Feb. 7, 2014• 3 Comments
PennyMac Mortgage Investment Trust's CEO Discusses Q4 2013 Results - Earnings Call Transcript

SA Transcripts • Feb. 6, 2014• 2 Comments
PennyMac Mortgage beats by $0.04

SA News • Feb. 5, 2014• 1 Comment
Notable earnings after Wednesday’s close

SA News • Feb. 5, 2014• 2 Comments
Buy PennyMac Mortgage Investment Trust

Tucker Leppa • Dec. 24, 2013• 14 Comments
Zacks' Bear Of The Day: PennyMac Mortgage

Zacks Investment Research • Dec. 23, 2013• 7 Comments
PennyMac Mortgage Investment Trust's CEO Discusses Q3 2013 Results - Earnings Call Transcript

SA Transcripts • Nov. 8, 2013• 2 Comments

From other sites

Bullish Two Hundred Day Moving Average Cross - PMT

at Nasdaq.com (Jan 13, 2015)
JLL Hits 52-Week High on High Fee Revenues: Time to Buy? - Analyst Blog

at Zacks.com (Dec 29, 2014)
PennyMac Mortgage Investment Trust (PMT) Ex-Dividend Date Scheduled for December 26, 2014

at Nasdaq.com (Dec 24, 2014)
Pennymac Mortgage Investment Trust (PMT) Shares Cross Below Book Value

at Nasdaq.com (Dec 17, 2014)
PMT Named Top 10 REIT at Dividend Channel With 11.24% Yield

at Nasdaq.com (Dec 2, 2014)
PMT Falls to Levels Below Book Value

at Nasdaq.com (Nov 19, 2014)
Mark Hulbert: How to lose money in the market in a hurry

at MarketWatch.com (Jan 3, 2014)
After-hours buzz: Zynga, Cree, Brocade & more

at CNBC.com (Aug 13, 2013)
Mortgage-backed securities find favor with savers

at MarketWatch.com (Jun 14, 2013)
Lightning Round: AOL, Pinnacle Foods & More

at CNBC.com (May 14, 2013)

All

Earnings

Dividends

M&A

On the move

Dec. 10, 2014, 4:44 PM
PennyMac Mortgage declares $0.61 dividend
- PennyMac Mortgage (NYSE:PMT) declares $0.61/share quarterly dividend, in line with previous.
- Forward yield 11.09%
- Payable Jan. 16; for shareholders of record Dec. 30; ex-div Dec. 26.
| Dec. 10, 2014, 4:44 PM | Comment!
Dec. 3, 2014, 9:31 AM
PennyMac Financial moves into commercial real estate finance
- PennyMac Financial's (NYSE:PFSI) new division - PennyMac Commercial Real Estate Finance - will focus on mortgages for multifamily and other commercial property, with a typical loan value less than $10M. PennyMac Mortgage (NYSE:PMT) will then purchase and securitize the loans.
- Steve Skolnik will lead the team as Chief Commercial Lending Officer. He was most recently CEO and co-founder of ReadyCap Commercial, LLC.
- Source: Press Release
| Dec. 3, 2014, 9:31 AM | Comment!
Nov. 5, 2014, 4:36 PM
PennyMac Mortgage EPS of $0.69
- PennyMac Mortgage (NYSE:PMT): Q3 EPS of $0.69
- Revenue of $19.21M (+21.7% Y/Y)
- Press Release
| Nov. 5, 2014, 4:36 PM | Comment!
Sep. 18, 2014, 4:57 PM
PennyMac Mortgage Investment Trust declares $0.61 dividend
- PennyMac Mortgage Investment Trust (NYSE:PMT) declares $0.61/share quarterly dividend, 3.39% increase from prior dividend of $0.59.
- Forward yield 11.21%.
- Payable Oct. 30; for shareholders of record Oct. 15; ex-div Oct. 13.
| Sep. 18, 2014, 4:57 PM | Comment!
Sep. 2, 2014, 2:26 PM
New FHFA rule would kick REITs out of FHLBs
- REITs and other so-called "shadow bankers" for the last several years have used captive insurers to join Federal Home Loan Banks, thus getting access to more dependable financing and better terms than they otherwise could.
- The FHFA for some time has voiced its concern over the practice, and under new rules just proposed, would sunset those existing memberships over a five year period.
- ETFs: REM, MORT, MORL
- Two Harbors (TWO -1.8%), Invesco Mortgage (IVR -1.9%), Hatteras Financial (HTS -1.2%), Dynex Capital (DX -1.1%), PennyMac Mortgage (PMT -1.5%), Annaly Capital (NLY -0.8%), American Capital Agency (AGNC -0.3%).
| Sep. 2, 2014, 2:26 PM | 16 Comments
Aug. 7, 2014, 9:50 AM
PennyMac Mortgage higher after sizable beat
- Q2 net investment income of $120.6M up 57% from Q1.
- Book value per share of $21.27 up from $20.88. Current price is $22.02.
- Investment Activities segment $70.9M of pretax income up from $33.1M in Q1.
- Distressed Mortgage Investments generated realized and unrealized gains of $73.6M, up from $39.9M.
- Mortgage Servicing Rights portfolio of $29.4B up from $27.3B. Net loan servicing revenue of $8.8M up from $7.4M.
- Correspondent Production segment pretax income of $2.4M down from $3.1M. Company acquired $7B in UPB of loans through its correspondent activities during quarter.
- Conference call at 10:30 ET
- Previously: PennyMac Mortgage beats by $0.34
- PMT +4.1%
| Aug. 7, 2014, 9:50 AM | Comment!
Aug. 6, 2014, 4:51 PM
PennyMac Mortgage beats by $0.34
- PennyMac Mortgage (NYSE:PMT): Q2 EPS of $0.93 beats by $0.34.
- Press Release
| Aug. 6, 2014, 4:51 PM | Comment!
Jun. 27, 2014, 8:34 AM
PennyMac Mortgage Investment Trust declares $0.59 dividend
- PennyMac Mortgage Investment Trust (PMT) declares $0.59/share quarterly dividend, in line with previous.
- Forward yield 10.59%.
- Payable July 30; for shareholders of record July 15; ex-div July 11.
| Jun. 27, 2014, 8:34 AM | Comment!
May. 8, 2014, 9:10 AM
PennyMac Mortgage downgraded at Wells Fargo
- Citing lower production and profitability in the correspondent channel and management's indication of current conditions in distressed loans being less attractive and below targeted returns, analyst Joel Houck pulls his Outperform rating on PennyMac Mortgage Investment Trust (PMT).
- Shares -1.4% premarket
- Previously: PennyMac Mortgage lower after slide in earnings
| May. 8, 2014, 9:10 AM | Comment!
May. 7, 2014, 10:22 PM
PennyMac Mortgage lower after slide in earnings
- Net income of $37.9M or $0.50 per share is off 28% from Q4 on net investment income of $76.6M off 20%. Dividend of $0.59 per share.
- Book value per share of $20.88 up from $20.82 at the end of the 2013 after payment of dividend.
- CEO Stan Kurland: "The reduction in earnings for Q1 was driven by reduced income in PMT's correspondent lending business and lower gains in the distressed whole loan portfolio."
- Investment activities segment: $33.1M in pretax income on revenue of $64.3M vs. $48.4M and $78M in Q4. Net gain on investments of $42.6M off 11%. Net interest income of $19.6M is lower by $2.9M. Net loan servicing fees of $7.4M fell from $12.2M.
- Distressed mortgage investments: Distressed mortgage loan portfolio gains of $39.9M down from $50.6M. Company acquired $436M UPB of nonperforming whole loans and REO in Q1; has another $41M UPB under agreement and expected to settle in Q2.
- Correspondent lending segment: Pretax income of $3.1M falls from $6.3M on revenue of $12.3M, off 32%.
- Source: Press Release
- Previously: PennyMac Mortgage misses by $0.14
- PMT -3.7% AH
| May. 7, 2014, 10:22 PM | Comment!
May. 7, 2014, 4:39 PM
PennyMac Mortgage misses by $0.14
- PennyMac Mortgage (PMT): Q1 EPS of $0.50 misses by $0.14.
- Press Release
| May. 7, 2014, 4:39 PM | Comment!
Apr. 7, 2014, 3:00 PM
Mortgage REIT outlook updated by Credit Suisse
- Rolling with the trend, Credit Suisse ups its return expectations for mREITs to 9% for 2014 from a 6% guess at the start of the year. Said 9% will be comprised of 11% in dividends and a 2% decline in book value - a bold statement considering book values have likely grown smartly YTD.
- The top picks include a couple of hybrid players. PennyMac Mortgage Investment Trust (PMT +0.1%) and Two Harbors (TWO +0.9%), plus Newcastle Investment (NCT +1.6%). Newcastle management won't throw the recommendation out of bed, but must be scratching its head as - two spinoffs later - investors still casually lump the company into a sector it probably doesn't belong in. At this point, NCT is more senior housing REIT than anything else. Still, CS's point is those REITs with real operating assets as opposed to just paper are likely to outperform in a rising rate environment.
- Mortgage REIT ETFs: REM, MORT, MORL
| Apr. 7, 2014, 3:00 PM | 5 Comments
Mar. 24, 2014, 4:45 PM
PennyMac Mortgage Investment Trust declares $0.59 dividend
- PennyMac Mortgage Investment Trust (PMT) declares $0.59/share quarterly dividend, in line with previous.
- Forward yield 9.94%
- Payable April 30; for shareholders of record April 16; ex-div April 11.
| Mar. 24, 2014, 4:45 PM | Comment!
Feb. 7, 2014, 12:55 PM
Servicers recoup yesterday's lost ground
- Looking golden at the moment is Compass Point's Kevin Barker, who stepped into yesterday's major decline in the specialty servicers with an upgrade to Ocwen Financial (OCN +3.9%). The decline was sparked by a story - later confirmed by Ocwen - that Ben Lawsky's NY Dept. of Financial Services had blocked Ocwen's purchase of MSR's from Wells Fargo.
- If Lawsky's concern is Ocwen's ability to properly service a massive influx of new loans, this isn't an issue, says Barker as the company can take steps to ensure compliance. If Lawsky is upset about Ocwen's current servicing practices, that's a more complicated issue, but Barker doesn't believe this to be so.
- He's got a price target of $60 assuming the Wells deal gets done and Ocwen continues buying MSRs, and utilizes free cash flow for stock repurchases or an accretive acquisition.
- Down 14% at one point yesterday, Ocwen is back to near where it was before the news hit. Also bouncing back are Nationstar (NSM +8.3%) and Walter Investment (WAC +3.1%).
- Others of interest: PennyMac Mortgage (PMT +0.7%), New Residential (NRZ +1.2%).
| Feb. 7, 2014, 12:55 PM | 3 Comments
Feb. 5, 2014, 4:35 PM
PennyMac Mortgage beats by $0.04
- PennyMac Mortgage (PMT): Q4 EPS of $0.69 beats by $0.04.
- Press Release
| Feb. 5, 2014, 4:35 PM | 1 Comment
Feb. 5, 2014, 12:10 AM
Notable earnings after Wednesday’s close
- AFFX, AIZ, AKAM, ALL, ARMK, ATML, AVNR, BDN, BKD, BMR, BOFI, CALD, CBG, CINF, CNW, DIS, DRIV, EDMC, ENS, ENTR, FEIC, FISV, FLT, FMC, FORM, GEOS, GIL, GLUU, GMCR, GPRE, IRBT, KIM, LNC, MAA, MRO, MTD, MTGE, NXPI, OESX, ONVO, ORLY, OSUR, P, PAA, PMT, PNNT, PRU, QUIK, RE, RLD, SCSS, SFLY, SNCR, SPF, SRCL, SWI, SWIR, SWM, THG, TQNT, TSO, TTMI, TWO, TWTR, TYL, UHAL, WGL, WNC, XL, YELP
| Feb. 5, 2014, 12:10 AM | 2 Comments

PMT StockTalk

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PMT Instablogs

Achilles Research + Follow Following - Unfollow | Send Message 24 Nov 2014

PennyMac Mortgage Investment Trust: Why Income Investors Should Consider This 11% Yielder $PMT http://seekingalpha.com/a/1m0rz

11/24/14
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PChan444 + Follow Following - Unfollow | Send Message 24 Nov 2014

: Very interesting!

11/24/14
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Marshall Hargrave + Follow Following - Unfollow | Send Message 21 Aug 2014

Update: PennyMac Earnings $PMT http://seekingalpha.com/a/1gaz3

8/21/14
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William Packer + Follow Following - Unfollow | Send Message 30 May 2014

$PMT is a buy. The stock is not valued correctly for the total return prospects. $24 to $25 range would be more fair. i bought 20,800 shares

5/30/14
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William Packer + Follow Following - Unfollow | Send Message 30 May 2014

: $21.08

5/30/14
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Zacks Investment Research + Follow Following - Unfollow | Send Message 27 May 2014

Zacks' Bear Of The Day: PennyMac Mortgage $PMT http://seekingalpha.com/a/1c03r

5/27/14
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ValueBull Investor + Follow Following - Unfollow | Send Message 7 Apr 2014

$PMT $DK

4/7/14
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Marshall Hargrave + Follow Following - Unfollow | Send Message 19 Feb 2014

PennyMac Mortgage Offers A 10% Dividend Yield And That's Not The Best Part $PMT http://seekingalpha.com/a/17hf1

2/19/14
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Tucker Leppa + Follow Following - Unfollow | Send Message 17 Jan 2014

Just traded my position in $PMT for $CMO.

1/17/14
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Ray44 + Follow Following - Unfollow | Send Message 17 Jan 2014

: rationale? just to trade, or what? PMT seems pretty stable for this group

1/17/14
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Tucker Leppa + Follow Following - Unfollow | Send Message 17 Jan 2014

: Yea I really like PMT, but it's gone too far too fast, I'll be back in on a pullback.

1/17/14
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Tucker Leppa + Follow Following - Unfollow | Send Message 15 Jan 2014

Volume seemed pretty low for the mREIT space today. Biggest gain being $PMT up 1.35%. Biggest loser being $OAKS down 1.9%. $MORL $MORT $REM.

1/15/14
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Tucker Leppa + Follow Following - Unfollow | Send Message 8 Jan 2014

$PMT goes ex-div today, $.59

1/8/14
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Tucker Leppa + Follow Following - Unfollow | Send Message 8 Jan 2014

$AGNC, $AMTG, $ARR, $CMO, $JMI, $MFA, $MORL, $MORT, $MTGE, $NYMT, $PMT, $REM, $TWO. 2013 Secondary Offerings. http://stks.co/a04qr

1/8/14
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PMT vs. ETF Alternatives

Company Description

Pennymac Mortgage Investment Trust is a real estate investment trust investing in residential mortgage loans and mortgage-related assets.

Sector: Financial

Industry: REIT - Residential

Country: United States

OTHER NEWS

Bullish Two Hundred Day Moving Average Cross - PMT

at Nasdaq.com (Jan 13, 2015)
JLL Hits 52-Week High on High Fee Revenues: Time to Buy? - Analyst Blog

at Zacks.com (Dec 29, 2014)
PennyMac Mortgage Investment Trust (PMT) Ex-Dividend Date Scheduled for December 26, 2014

at Nasdaq.com (Dec 24, 2014)
Pennymac Mortgage Investment Trust (PMT) Shares Cross Below Book Value

at Nasdaq.com (Dec 17, 2014)
PMT Named Top 10 REIT at Dividend Channel With 11.24% Yield

at Nasdaq.com (Dec 2, 2014)