| Market Capitalization (Millions $) |
1,577 |
| Shares
Outstanding (Millions) |
111 |
| Employees |
3,256 |
| Revenues (TTM) (Millions $) |
724 |
| Net Income (TTM) (Millions $) |
172 |
| Cash Flow (TTM) (Millions $) |
177 |
| 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 companyes 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
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