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Pennymac Mortgage Investment Trust (PMT) |
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Price: $11.7200
$-0.41 
-3.380%
|
| Day's High:
| $12.04
| Week Perf:
| -3.06 %
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| Day's Low: |
$ 11.62 |
30 Day Perf: |
-12.93 % |
| Volume (M): |
692 |
52 Wk High: |
$ 15.78 |
| Volume (M$): |
$ 8,106 |
52 Wk Avg: |
$13.09 |
| Open: |
$12.03 |
52 Wk Low: |
$10.78 |
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| Market Capitalization (Millions $) |
1,804 |
| Shares
Outstanding (Millions) |
154 |
| Employees |
3,256 |
| Revenues (TTM) (Millions $) |
973 |
| Net Income (TTM) (Millions $) |
123 |
| Cash Flow (TTM) (Millions $) |
-93 |
| Capital Exp. (TTM) (Millions $) |
0 |
Pennymac Mortgage Investment Trust
PennyMac Mortgage Investment Trust (PMT) is a publicly-traded residential mortgage REIT (Real Estate Investment Trust) that invests primarily in residential mortgage loans and mortgage-related assets. The company was founded in 2009 and is headquartered in Westlake Village, California.
PMT's focus is primarily on investing in and managing residential mortgage loans and mortgage-related assets that are backed by government-sponsored entities, such as Fannie Mae, Freddie Mac and Ginnie Mae. The company's assets primarily consist of agency mortgage-backed securities, which are securities that represent interests in pools of residential mortgage loans.
The company's strategy is to generate income and preserve capital over the long term through investments in residential mortgage loans and securities. PMT generates revenue primarily by earning the spread between the interest rate earned on its mortgage loans and securities and the cost of financing its investments. The company also generates revenue through servicing fees and other ancillary fees related to its mortgage servicing business.
PMT has a highly experienced team of professionals in the mortgage industry who have experience in underwriting, risk management, and trading. The company also has a strong focus on risk management and has implemented several risk management practices to mitigate potential risks in its investments.
PMT's portfolio is diversified by geography, type of loan, and credit quality. The company invests in loans and securities in all 50 states and the District of Columbia. The types of loans and securities that PMT invests in include fixed-rate mortgages, adjustable-rate mortgages, jumbo loans, and other types of residential mortgage loans.
In addition to its investments in residential mortgage loans and securities, PMT has also recently expanded its operations to include mortgage servicing. The company provides mortgage servicing services to its clients, including loan administration, default management, and loss mitigation services.
PMT is listed on the New York Stock Exchange (NYSE) under the ticker symbol of PMT. The company has a market capitalization of approximately $2.4 billion and has generated strong returns for its shareholders since its inception. The company pays monthly dividends to its shareholders, with a current annual yield of approximately 8.6%.
In summary, PennyMac Mortgage Investment Trust is a well-established and highly regarded residential mortgage REIT that invests primarily in government-backed mortgage loans and securities. The company has a strong focus on diversification and risk management and has recently expanded into the mortgage servicing business. PMT has generated strong returns for its shareholders and pays a monthly dividend with a current annual yield of approximately 8.6%.
Company Address: 3043 Townsgate Road Westlake Village 91361 CA
Company Phone Number: 224-7442 Stock Exchange / Ticker: NYSE PMT
| PMT is expected to report next financial results on November 02, 2023. |
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| Stock Performances by Major Competitors |
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First Real Estate Investment Trust Of New Jersey I
First Real Estate Investment Trust Of New Jersey Faces Setbacks in Q3 2023 Earnings Report
In the recent Q3 2023 earnings report, First Real Estate Investment Trust Of New Jersey experienced a net loss per share of $-0.06, a significant decline from the $0.16 per share profit registered in the same period last year. Despite this setback, the company's revenue saw modest growth, increasing by 4.843% to $7.30 million when compared to the corresponding period a year ago.
However, it is worth noting that the revenue rise of First Real Estate Investment Trust Of New Jersey was slightly lower than that of the rest of the Real Estate Investment Trusts industry, which saw an average growth of 5.18% during the same reporting season in comparison to the previous year. In the previous reporting season, the company recorded revenue of $6.92 million and a bottom line of $0.01 per share.
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Essex Property Trust Inc
Essex Property Trust Inc., a prominent Real Estate Investment Trusts (REITs) company, appeared to deliver exceptional earnings in the second quarter of 2023. However, a closer examination of the company's financials raises several concerns regarding its sustainability and future prospects. This extensive bearish article intends to shed light on the potential pitfalls that may overshadow Essex Property Trust's recent successes.
Surge in Earnings:
Undoubtedly, Essex Property Trust Inc. witnessed an impressive surge in its bottom-line earnings, with income per share skyrocketing by an astounding 78.16% to $1.55 per share. While this seems encouraging on the surface, a deeper analysis reveals a concerning trend. In the previous corresponding reporting season, the company achieved a substantially higher bottom line of $2.38 per share, indicating a contraction of earnings in the most recent quarter.
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Cherry Hill Mortgage Investment Corporation
Cherry Hill Mortgage Investment Corporation (CHMI) is a Real Estate Investment Trust that has been facing significant challenges in recent quarters. The company's second quarter earnings report showed a decrease in the loss per share compared to the previous year, raising hopes of a recovery. However, despite some positive numbers, several key indicators suggest a bearish outlook for the company.
Dismal Earnings Performance:
During the second quarter of 2023, CHMI reported a loss per share of $-0.03, representing an improvement compared to the $-0.92 loss per share recorded in the same period the previous year. Although this may appear as a positive trend, it is important to note that the prior reporting season still showed a significant loss per share of $-0.87. This indicates that the company is struggling to turn its financial situation around.
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Hannon Armstrong Sustainable Infrastructure Capita
Hannon Armstrong Sustainable Infrastructure Capital, a Real Estate Investment Trusts company, has recently revealed its financial results for the most recent fiscal period. The company achieved positive profits of $0.14 per share, marking a significant improvement from the previous fiscal year. Additionally, revenue saw substantial growth, outperforming industry peers. This article will outline the key facts and provide an interpretation of these financial results.
Positive Earnings Performance:
Hannon Armstrong Sustainable Infrastructure Capital managed to turn around its financial performance, recording positive profits of $0.14 per share in the most recent fiscal period. This is a significant improvement compared to a loss of $0.21 per share the previous year. However, it is important to note that profits fell by 46.15% from the previous quarter's $0.26 per share.
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Direct Investment Holding Group Inc
The stock market has been on a rollercoaster ride in recent times, with ups and downs making investors nervous. However, there is good news to be found in the financial interval ending June 30, 2023, as we see promising signs for the future.
During this period, the Direct Investment Holding Group Inc experienced a deficit per share of $-0.04, compared to $-0.02 a year ago. Although this may seem like a negative figure, it is important to note that the deficit has decreased from the prior quarter, which saw a deficit of $0.00 per share. This suggests that the company is taking steps in the right direction to improve its financial situation.
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| Per Share |
Current |
| Earnings (TTM) |
0.72 $ |
| Revenues (TTM) |
6.32 $
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| Cash Flow (TTM) |
- |
| Cash |
3.12 $
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| Book Value |
12.55 $
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| Dividend (TTM) |
3.65 $ |
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| Per Share |
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| Earnings (TTM) |
0.72 $
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| Revenues (TTM) |
6.32 $ |
| Cash Flow (TTM) |
- |
| Cash |
3.12 $
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| Book Value |
12.55 $ |
| Dividend (TTM) |
3.65 $ |
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