Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
30 July 2009Website:
http://pmt.pennymac.comNext earnings report:
31 January 2025Last dividends:
11 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:33:56 GMTAnalysts recommendations
Institutional Ownership
PMT Latest News
VANCOUVER, BC , Nov. 1, 2024 /PRNewswire/ - November 1, 2024 - Sydney, Australia Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that it has been recognized as "Entrepreneur of the Year" by the Quebec Mineral Exploration Association (QMEA). The award was announced at the 2024 QMEA Awards Gala held in Montreal on October 30, 2024.
PennyMac Mortgage Investment Trust's Series C preferred shares offer an 8.2% dividend yield and are recommended over other options due to their discount and income potential. Despite interest rate volatility, PennyMac's net income covers preferred dividends, with improved net interest income from higher rate mortgage investments. Mortgage servicing is cash flow positive, with 98% of serviced mortgages insured by Fannie Mae and Freddie Mac.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Although the revenue and EPS for PennyMac Mortgage (PMT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PennyMac Mortgage Investment Trust (NYSE:PMT ) Q3 2024 Earnings Conference Call October 22, 2024 6:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Jason Weaver - Jones Trading Bose George - KBW Doug Harter - UBS Matthew Howlett - B. Riley Eric Hagen - BTIG Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust Third Quarter Earnings Call.
PennyMac Mortgage (PMT) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.51 per share a year ago.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $31.0 million, or $0.36 per common share on a diluted basis for the third quarter of 2024, on net investment income of $80.9 million. PMT previously announced a cash dividend for the third quarter of 2024 of $0.40 per common share of beneficial interest, which was declared on September 19, 2024, and will be paid on October 25, 2024, to common.
PMT-A, a preferred share from PennyMac Mortgage Investment Trust, is currently trading at $24.82, with a stripped yield of 8.25% based on a fixed rate. PMT's management controversially attempted to convert fixed-to-floating shares into fixed-rate shares, leading to a lawsuit and market panic. If PMT-A switches to a floating rate, the yield would be approximately 10.5%, making it slightly undervalued at current prices.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that William Chang is stepping down from his positions as Senior Managing Director and Chief Capital Markets Officer for PFSI and Senior Managing Director and Chief Investment Officer for PMT, in order to pursue other interests in the mortgage banking industry. In April of last year Pennymac hired industry veteran Mark Elbaum to leverage th.
PMT's quarterly BV fluctuation was very minor, with a 1.0% variance. Net interest spread showed minor outperformance with a $0.02 variance. PMT's segments/sub-portfolios performed as expected, with slight underperformance in some areas.
What type of business is PennyMac Mortgage Investment Trust?
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.
What sector is PennyMac Mortgage Investment Trust in?
PennyMac Mortgage Investment Trust is in the Real Estate sector
What industry is PennyMac Mortgage Investment Trust in?
PennyMac Mortgage Investment Trust is in the Mortgage industry
What country is PennyMac Mortgage Investment Trust from?
PennyMac Mortgage Investment Trust is headquartered in United States
When did PennyMac Mortgage Investment Trust go public?
PennyMac Mortgage Investment Trust initial public offering (IPO) was on 30 July 2009
What is PennyMac Mortgage Investment Trust website?
https://pmt.pennymac.com
Is PennyMac Mortgage Investment Trust in the S&P 500?
No, PennyMac Mortgage Investment Trust is not included in the S&P 500 index
Is PennyMac Mortgage Investment Trust in the NASDAQ 100?
No, PennyMac Mortgage Investment Trust is not included in the NASDAQ 100 index
Is PennyMac Mortgage Investment Trust in the Dow Jones?
No, PennyMac Mortgage Investment Trust is not included in the Dow Jones index
When was PennyMac Mortgage Investment Trust the previous earnings report?
No data
When does PennyMac Mortgage Investment Trust earnings report?
The next expected earnings date for PennyMac Mortgage Investment Trust is 31 January 2025