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HEADLINES:

Protected Principal Retirement Strategy: Portfolio Update
Akaralph • Wed, May 22 • 10 Comments
7 High Yield Dividend Stocks To Avoid And Consider This Week
Paul Zimbardo • Mon, May 13 • 9 Comments
10 Top Real Estate Dogs Run Down 14.3% To 24.4% Gains In April
Fredrik Arnold • Mon, May 13 • 6 Comments
IPO Preview: PennyMac Financial Services
IPOdesktop • Wed, May 8
PennyMac Mortgage Investment Trust to Present at the Wells Fargo Securities 2013 Specialty Finance Conference

Business Wire (May 8, 2013)
PennyMac Mortgage Investment Trust Prices Private Placement of $200 Million of Exchangeable Senior Notes

Business Wire (Apr 24, 2013)
PennyMac Mortgage Investment Trust Announces Proposed Private Placement of Exchangeable Senior Notes

Business Wire (Apr 23, 2013)
PennyMac Mortgage Investment Trust Reports First Quarter 2013 Results

Business Wire (Apr 23, 2013)
PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2013 Results

Business Wire (Apr 17, 2013)
Bullish Insider Buying Activity Surfacing Among These Names In Real Estate, Healthcare
Insightful Investor • Tue, Apr 16 • 8 Comments
8 Prime Real Estate Dogs Fetch 10% To 22% Gains In March
Fredrik Arnold • Mon, Apr 1 • 3 Comments
March Madness Review: 5 Starters, 2 Subs And 6 Recruits
Ron Stewart • Thu, Mar 21 • 12 Comments
REITs: Why The Dividends Are A Mirage
Heisenberg Principle • Mon, Mar 4 • 157 Comments
Many Mortgage REITs Have Been Decreasing Dividends, PennyMac Just Raised Its To 9%
David White • Thu, Feb 28 • 11 Comments
PennyMac Will Reward Your Portfolio With Great Returns
Tucker Leppa • Wed, Feb 27 • 15 Comments
Two Harbors Is Likely To Cut Its 2013 Dividend
Tucker Leppa • Tue, Feb 19 • 52 Comments
4 Financial And mREIT Ex-Dividends To Consider This Week
Paul Zimbardo • Mon, Feb 18 • 9 Comments
PennyMac Mortgage Investment Trust's CEO Presents at Credit Suisse Financial Services Forum (Transcript)
Wed, Feb 13 • 3 Comments
PennyMac Mortgage Investment Trust's CEO Discusses Q4 2012 Results - Earnings Call Transcript
Tue, Feb 12
PennyMac Mortgage Investment Trust to Present at the Credit Suisse Financial Services Forum

Business Wire (Feb 7, 2013)

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Many Mortgage REITs Have Been Decreasing Dividends, PennyMac Just Raised Its To 9%
David White • Thu, Feb 28 • 11 Comments
PennyMac Will Reward Your Portfolio With Great Returns
Tucker Leppa • Wed, Feb 27 • 15 Comments
Profiting From The Financial Crisis: Is It All About The Money?
Regarded Solutions • Wed, Feb 6 • 40 Comments
This Hot High Dividend Stock Is Still Undervalued And Reports Next Week
Double Dividend Stocks • Sat, Feb 2 • 10 Comments
PennyMac Mortgage Investment Trust Earnings: Strong Second Quarter
Zacks Investment Research • Wed, Oct 10, 2012
Why Do Analysts Love This 10% Yielding Mortgage REIT?
Qineqt • Thu, Sep 6, 2012 • 2 Comments
Is PennyMac The Future Of mREITs?
Cris Frangold • Fri, Aug 17, 2012 • 15 Comments
5 Catalysts To Own PennyMac Mortgage
Todd Johnson • Mon, Oct 17, 2011 • 18 Comments
PMT: A Different Style mREIT Now At An Attractive Entry-Point
Bryce Istvan • Wed, Oct 12, 2011 • 17 Comments
PennyMac Mortgage: Asymmetrical Compensation
Frank Voisin • Fri, Jul 8, 2011 • 3 Comments
Blue Ridge Takes Ownership Stake in PennyMac Mortgage REIT
Market Folly • Sun, Aug 16, 2009
PennyMac REIT IPO Overview
SA Editor Abbi Adest • Tue, Jul 28, 2009 • 2 Comments

Protected Principal Retirement Strategy: Portfolio Update
Akaralph • Wed, May 22 • 10 Comments
7 High Yield Dividend Stocks To Avoid And Consider This Week
Paul Zimbardo • Mon, May 13 • 9 Comments
10 Top Real Estate Dogs Run Down 14.3% To 24.4% Gains In April
Fredrik Arnold • Mon, May 13 • 6 Comments
IPO Preview: PennyMac Financial Services
IPOdesktop • Wed, May 8
Bullish Insider Buying Activity Surfacing Among These Names In Real Estate, Healthcare
Insightful Investor • Tue, Apr 16 • 8 Comments
8 Prime Real Estate Dogs Fetch 10% To 22% Gains In March
Fredrik Arnold • Mon, Apr 1 • 3 Comments
March Madness Review: 5 Starters, 2 Subs And 6 Recruits
Ron Stewart • Thu, Mar 21 • 12 Comments
REITs: Why The Dividends Are A Mirage
Heisenberg Principle • Mon, Mar 4 • 157 Comments
Two Harbors Is Likely To Cut Its 2013 Dividend
Tucker Leppa • Tue, Feb 19 • 52 Comments
4 Financial And mREIT Ex-Dividends To Consider This Week
Paul Zimbardo • Mon, Feb 18 • 9 Comments
Team Alpha Portfolio: So Many Great Stocks, So Little Cash
Regarded Solutions • Thu, Feb 7 • 45 Comments
Non-Agency Mortgage REITs; Part 6 - The Residential Sector
Philip Mause • Thu, Jan 17 • 16 Comments
8 High-Growth Financials Being Snapped Up By Hedge Funds
Kapitall • Wed, Dec 5, 2012
4 High Yielding Dividend Growth Stocks Analysts Recommend
Arie Goren • Sun, Dec 2, 2012 • 10 Comments
8 mREITs To Consider Now
Dividend Kings • Fri, Nov 30, 2012 • 2 Comments
Does QE3 Make These mREITs An Attractive Buy?
Smart Equity • Wed, Nov 28, 2012 • 10 Comments
American Capital Agency: 12.7% Yield, Lower Prepayment Risk
Smart Equity • Mon, Nov 26, 2012 • 30 Comments
Annaly Capital Presents Excellent Opportunity Of Price Appreciation, Unmatched Dividend Yield
Stock Whisper • Tue, Nov 20, 2012 • 20 Comments
Real Estate As A Hedge For Inflation
Lamarcus R. Coleman • Sun, Nov 18, 2012 • 18 Comments
Why Will Agency Mortgage REITs Get Hit The Most From QE3?
Qineqt • Tue, Nov 13, 2012 • 15 Comments

PennyMac Mortgage Investment Trust's CEO Presents at Credit Suisse Financial Services Forum (Transcript)
Wed, Feb 13 • 3 Comments
PennyMac Mortgage Investment Trust's CEO Discusses Q4 2012 Results - Earnings Call Transcript
Tue, Feb 12
PennyMac Mortgage Investment Trust's CEO Presents at Barclays Capital Global Financial Services Conference (Transcript)
Mon, Sep 10, 2012 • 24 Comments
PennyMac Mortgage Investment Trust's CEO Discusses Q2 2012 Results - Earnings Call Transcript
Thu, Aug 2, 2012 • 5 Comments
PennyMac Mortgage Investment Trust Q4 2009 Earnings Call Transcript
Tue, Feb 2, 2010 • 2 Comments

Lightning Round: AOL, Pinnacle Foods & More

at CNBC.com (May 14, 2013)
PennyMac Mortgage Investment Trust to Present at the Wells Fargo Securities 2013 Specialty Finance Conference

Business Wire (May 8, 2013)
PennyMac Mortgage Investment Trust Prices Private Placement of $200 Million of Exchangeable Senior Notes

Business Wire (Apr 24, 2013)
PennyMac Mortgage Investment Trust Announces Proposed Private Placement of Exchangeable Senior Notes

Business Wire (Apr 23, 2013)
PennyMac Mortgage Investment Trust Reports First Quarter 2013 Results

Business Wire (Apr 23, 2013)
PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2013 Results

Business Wire (Apr 17, 2013)
PennyMac Mortgage Investment Trust to Present at the Credit Suisse Financial Services Forum

Business Wire (Feb 7, 2013)
PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2012 Results

Business Wire (Feb 7, 2013)
PennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2012 Results

Business Wire (Jan 31, 2013)
PennyMac Mortgage Investment Trust Elects Two New Trustees

Business Wire (Nov 12, 2012)
PennyMac Mortgage Investment Trust Announces Corrected Record Date on Third Quarter Dividend

Business Wire (Nov 8, 2012)
PennyMac Mortgage Investment Trust Reports Third Quarter 2012 Results

Business Wire (Nov 8, 2012)
PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter Results

Business Wire (Oct 16, 2012)
PennyMac Mortgage Investment Trust to Present at the Barclays Global Financial Services Conference

Business Wire (Aug 29, 2012)
Marvell Technology Group, Ares Capital Corporation Among Stocks Down on High Volume Friday

at Fox Business (Aug 17, 2012)
Marvell Technology Group, Ares Capital Corporation Among Stocks Down on High Volume Friday

at Fox Business (Aug 17, 2012)
PennyMac Mortgage Investment Trust Announces Pricing of Common Share Offering

Business Wire (Aug 17, 2012)
PennyMac Mortgage Investment Trust Announces Offering of Common Shares

Business Wire (Aug 16, 2012)
PennyMac Mortgage Investment Trust Reports Second Quarter 2012 Results

Business Wire (Aug 2, 2012)
PennyMac Mortgage Investment Trust Announces Date for Release of Second Quarter Results

Business Wire (Jul 11, 2012)

PMT vs. ETF Alternatives

Company Description

Currently, there's no company description for PMT.

Sector: Financial

Industry: REIT - Residential

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 3:11 PM The Russell 2000 (IWM) cracked 1,000 for the first time this morning, but the small cap sector is far from over-loved by the fund managers who invest in it, according to Credit Suisse's Lori Calvasina - they ended Q1 with cash holdings at a near 10-year high. Indexing (IJR, IWO, IWN XSLV are some others) beats most active management, but Calvasina screened for stocks owned by fewer than 50 small-cap funds with $500M-$1.5B market cap, and with favorable investment ratings. No surprise the answer is heavy on mREITs - MTGE, AMTG, PMT. Also coming up: OMX and WFR. Comment!
Monday, May 20, 2:58 PM PennyMac Financial Services (PFSI +8%) flies after Lee Cooperman's Omega Advisors discloses a 21.6% stake in the just-IPOed mortgager company founded by former Countrywide exec (and PMT CEO) Stan Kurland. 1 Comment [Financials, On the Move]
Friday, April 26, 7:02 AM PennyMac Mortgage Investment Trust (PMT) is upgraded to Buy with $27 price target at KBW following the company's Q1 earnings report. Notable from the report is management's plan to get into the again-profitable private-label mortgage securitization business. Comment! [Financials]
Thursday, April 25, 7:29 AM PennyMac Mortgage Investment (PMT) prices a private offering of $200M in Exchange Senior Notes due in 2020. The coupon is 5.375% and the initial exchange rate of 33.5149 shares/$1K of principal is equivalent to $29.84/share, about 25% above last night's close. Shares fell 1.5% yesterday following announcement of the offering. (PR) 1 Comment [Financials]
Tuesday, April 23, 1:25 PM There's another entrant into the reborn private-label mortgage securitization business as PennyMac Mortgage Investment (PMT) management unveils a plan to issue its first RMBS in Q3. "(It's) a significant new opportunity," says CEO Stan Kurland. Redwood Trust (RWT) investors nod in agreement. 1 Comment [Earnings, Financials]
Tuesday, April 23, 8:34 AM PennyMac Mortgage (PMT): Q1 EPS of $0.90 beats by $0.06. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
Friday, February 22, 2:34 PM Fat mortgage profits drove earnings at financials last quarter, but maybe not this one. Compass Point estimates gain-on-sale margins - the amount lenders make packaging and selling mortgages - could be down 40% in Q1. It's not just the big banks getting hurt. Profits at originators like FBC, NSM, PMT, EVER, and PHH could be most damaged, says Compass Point. Comment! [Financials]
Wednesday, February 13, 1:39 PM The most interesting takeaway from PennyMac's (PMT) Q4 earnings call (transcript) is no analysts could find the time to participate. The stock of this clearly underfollowed MBS investor - run by Stan Kurland, formerly of Countryside - was up about 50% in 2012, while paying paying a 13% dividend (based on 2012's opening price). (presentation) 2 Comments [Financials]
Thursday, February 7, 10:59 AM Residential mortgage lender and servicer PennyMac Financial Services - run by former Countrywide exec Stan Kurland (also CEO of PMT) - files for an IPO of up to $287.5M. (S-1) Comment! [Financials]
Thursday, February 7, 8:40 AM PennyMac Mortgage (PMT): Q4 EPS of $0.83 in-line. (PR) 3 Comments [Earnings, Breaking News, Financials]
Thursday, February 7, 12:05 AM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL Comment! [Earnings]
Wednesday, February 6, 5:30 PM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL 1 Comment [Earnings]
Tuesday, November 27, 2012, 11:16 AM Turning to non-agency MBS (webcast), JPMorgan gets even more bullish. Key is their expectation of 3-5% growth in home prices (with upside potential) in 2013. While the paper is likely to retain some correlation with risk on/risk off, the fundamentals of improving housing - rising prices, declining distressed sales, declining shadow inventory - will be of growing importance. (previous on MBS) Comment! [U.S. Economy, Financials]
Tuesday, November 27, 2012, 10:35 AM More from JPMorgan on MBS: The mREITs will continue to purchase agency MBS even with the Fed dominating the market, says Matthew Jozoff, noting the firms weren't sellers even during the financial crisis. With their stock prices already below book value (pg. 14), the main threat to mREITs would be a termination of repo funding or a massive MBS sell-off - neither very likely according to Jozoff's team. 15 Comments [Financials]

Patrick Harden
$PMT reports $0.90/sh in Q1 GAAP earnings - almost 100% of net income is due to non-cash mark-to-market gains based on PMT model assumptions
Apr 23, 8:47 AM
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surfgeezer
$PMT Sold the April 25$ Puts. Net 23.5$ 9.5% yield now and I believe that will go up. We will see if is this quarter real quick
Apr 18, 6:09 PM
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Paul Zimbardo
High Yielding Dividends This Week http://bit.ly/YEoZVC $AVA $CA $HE $MAIN $NTI $PMT $TRI $TYG #Stocks #Investing #Dividends
Feb 19, 3:00 PM
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Paul Zimbardo
Dividend Opportunities To Consider Now http://seekingalpha.com/a/ppsx $AVA $CA $HE $MAIN $NTI $PMT $TRI $TYG #Stocks #Investing #Dividends
Feb 18, 3:29 PM
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Patrick Harden
Ready for Countrywide v2.0? Bloomberg: http://bloom.bg/WCwC0j S-1: http://1.usa.gov/Wwur0f Related tickers: $BAC $PMT
Feb 7, 9:26 AM
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Regarded Solutions
make money on the financial crisis? Profiting From The Financial Crisis: Is It All About The Money?http://bit.ly/X40LGZ $PMT
Feb 6, 11:13 AM
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Capitalist Bull
#LeadingStocks Up in #Volume: $GOOG $ISRG $PMT $ASPS $GTLS $OCN $NTES $WDC $SIMO #Bullish #StockMarket Action. http://bit.ly/MwUXlb $ES $NQ
8/13/12
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ZetaKap
5 Small Caps Financial Stocks Sporting High Yields On High Profitability http://bit.ly/QXy2kG $AMTG $NWBI $ORIT $PACW $PMT @ZetaKap
8/13/12
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ZetaKap
6 High Yield Financial Dividend Stocks With Analyst Approval http://bit.ly/MYk1Ub $AGNC $BMA $IRS $KFN $NCT $PMT @ZetaKap
8/6/12
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ZetaKap
4 Very High Yield Dividend Stocks Churning Out Profits While Appearing Underpriced http://bit.ly/NDQXB3 $CXS $GNI $PMT $PSEC @ZetaKap
7/31/12
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LATEST REPLIES

Patrick Harden
Thinking about an article on PMT. Any interest? I'm long put options, so it will be a critique.
7/6/12
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Northwest Investor: Definitely. You're about the only person on SA who has useful comments on mREITs
7/6/12
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Patrick Harden
PMT Q4 earnings. Still using fair value adjustments on loans to prop up net investment income. I'd like to see their taxable income.
2/8/12
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Bryce Istvan: Look at fair value adjustments vs realized sell prices (slide 8 from Q4 pres). Almost no variance meaning fair value appears to be correct.
2/17/12
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Patrick Harden: True, but I can't be sure that PMT isn't cherry picking its best NPLs to sell and marking up the real scratch and dent stuff.
2/17/12
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PMT PennyMac Mortgage Investment Trust

PMT

PennyMac Mortgage Investment Trust