PMT Stock Recent News

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (“PMT” or the “Company”) today announced that its indirect wholly-owned subsidiary, PennyMac Corp. (“PMC”), plans to make a private offering of $200 million aggregate principal amount of its Exchangeable Senior Notes due 2029 (the “Notes”). The initial purchasers will have a 13-day option from the date of the offering to purchase up to an additional $30 million aggregate principal amount of Notes from PMC.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the second quarter of 2024 on its 8.125% Series A Preferred Shares (NYSE: PMT PRA), its 8.000% Series B Preferred Shares (NYSE: PMT PRB) and its 6.750% Series C Preferred Shares (NYSE: PMT PRC). In accordance with the terms for each preferred series, the dividend information is as follows: Series   Ticker   Annual Dividend Rate   Di.

TRTX, PMT and CIB made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 13, 2024.

PennyMac Mortgage Investment Trust (NYSE:PMT ) Q1 2024 Earnings Conference Call April 24, 2024 6:00 PM ET Company Participants David Spector - Chairman & CEO Dan Perotti - CFO Conference Call Participants Jason Weaver - Jones Trading George Bose - KBW Matt Howlett - B. Riley Securities Eric Hagen - BTIG Douglas Harter - UBS Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust first-quarter earnings call.

PennyMac Mortgage (PMT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.50 per share a year ago.

PennyMac Mortgage (PMT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

PennyMac Mortgage Investment Trust (PMT) Q4 2023 Earnings Call Transcript

PennyMac Mortgage (PMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PennyMac Mortgage Investment Trust offers investors three asset classes: common stock, preferred stock, and a new Note that matures in late 2028. PMT primarily invests in mortgage-related assets and aims to provide attractive risk-adjusted returns to shareholders. PMT has seen a small decrease in shareholder's equity but has been profitable recently. Along with reviewing PMTU, I compare its features with two Eagle Point Credit Notes that mature around the same time. Conclusion: Sell one and buy the other or PMTU.

PMT claimed they would turn their fixed-to-floating shares into fixed-to-fixed shares. I believe they were woefully unprepared. CIM already came out supporting our interpretation of a very similar prospectus with CIM-B. TWO was keeping quiet, but eventually indicated they will follow our interpretation (use SOFR). There are three categories for LIBOR contracts under the rules from the Federal Reserve Board. We can tell where PMT should land, which tells us which rules apply to them.