PennyMac Mortgage Investment Trust (PMTU)
| Market Cap | 1.13B |
| Revenue (ttm) | 504.60M |
| Net Income (ttm) | 118.75M |
| Shares Out | 86.86M |
| EPS (ttm) | 1.37 |
| PE Ratio | 9.50 |
| Forward PE | 8.10 |
| Dividend | $2.13 (8.52%) |
| Ex-Dividend Date | Mar 14, 2025 |
| Volume | 3,145 |
| Open | 24.93 |
| Previous Close | n/a |
| Day's Range | n/a |
| 52-Week Range | 24.46 - 26.49 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Apr 22, 2025 |
About PMTU
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in residential mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. The Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements and subordinate mortgage-backed securities (MBS). The Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, base servicing and excess servicing spreads,... [Read more]
Financial Performance
In 2024, PMTU's revenue was $504.60 million, a decrease of -30.48% compared to the previous year's $725.87 million. Earnings were $118.75 million, a decrease of -24.55%.
News
Floating Preferreds Have Monstrous Yields Due To Timing Phenomenon
Floating rate preferreds, initially created in a zero interest rate environment, now yield around 10% due to the timing phenomenon and changes in interest rates. Key factors for analysis include compa...
Preferreds/Bond Weekly Review: Couple Of New Issues
We take a look at the action in preferreds and baby bonds through the first week of March and highlight some of the key themes we are watching. Most preferreds sectors declined due to rising Treasury ...
PennyMac Mortgage Investment Trust: Best Preferred Share Is Series C, Yielding 8.5%
PennyMac Mortgage Investment Trust offers a diversified investment strategy, balancing loans, mortgage-backed securities, servicing, and CRT investments, mitigating risks from interest rate fluctuatio...
Select High Yield Preferreds Remain Opportunistically Priced
Recent macroeconomic changes, including the yield curve uninverting and Fed rate cuts, have significantly impacted REIT preferreds, leading to price increases and varied forward return potentials. Des...
PennyMac Mortgage Investment Trust: Series C Preferred Shares Offer 8.2% Dividend Yield
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 vol...
The Dangers Of High Yield Preferreds
Some high yield preferreds offer stable double-digit yields and potential for capital gains, trading at discounts to par value. Preferreds are paid through dividends, liquidation preference, and redem...
Preferreds Weekly Review: Will Bond Issuance Lead To Preferreds Redemptions
We take a look at the action in preferreds and baby bonds through the third week of May and highlight some of the key themes we are watching. Preferred stocks had a good week as longer-term Treasury y...
PMTU: Attractive Debt From This mReit
PennyMac Mortgage Investment Trust (PMT) is a mortgage REIT with a large mortgage servicing rights business. PMT has issued a baby bond, PMTU, with a defined maturity date and a current yield comparab...