Welcome to our dedicated page for PennyMac Mortgage Investment Trust news (Ticker: PMT), a resource for investors and traders seeking the latest updates and insights on PennyMac Mortgage Investment Trust stock.
PennyMac Mortgage Investment Trust (PMT) is a specialty finance company that invests primarily in mortgage-related assets in the United States. The company operates through three core segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production.
Within the Credit Sensitive Strategies segment, PMT focuses on investing in credit risk transfer (CRT) agreements, which include firm commitments to purchase CRT securities, distressed loans, real estate, and non-agency subordinated bonds. This segment aims to generate income through strategic investments in assets with varying credit risks.
The Interest Rate Sensitive Strategies segment primarily engages in investing in mortgage servicing rights, excess servicing spreads, and both agency and senior non-agency mortgage-backed securities (MBS). It also involves related interest rate hedging activities to manage exposure to interest rate fluctuations, thereby stabilizing returns.
The Correspondent Production segment entails purchasing, pooling, and reselling newly originated prime credit residential loans. These activities often result in the creation of mortgage-backed securities (MBS), which are then sold to investors. This segment is crucial for ensuring a steady flow of high-credit-quality residential loans, which underpins the company's strong performance in the mortgage market.
Managed by PNMAC Capital Management, LLC, PennyMac Mortgage Investment Trust qualifies as a real estate investment trust (REIT). This status allows the company to benefit from certain tax advantages, thereby enhancing its ability to generate and distribute income to shareholders.
In recent times, PMT has made significant strides in expanding its investment portfolio and optimizing its asset management strategies. The company’s financial condition remains robust, backed by a diversified investment approach and effective risk management practices. PMT continues to forge strategic partnerships and adapt to market dynamics, further solidifying its reputation as a key player in the mortgage finance industry.
PennyMac Financial Services, Inc. (NYSE: PFSI) announced the pricing of a $500 million offering of 5.750% Senior Notes due September 15, 2031. The Notes will bear interest at 5.750% per annum and are guaranteed on an unsecured senior basis by the Company’s wholly owned subsidiaries. Proceeds will be used for general corporate purposes, potentially including repayment of existing secured warehouse borrowings. The offering is expected to close on September 16, 2021. The Notes are offered via private placement and are not registered under the Securities Act.
PennyMac Financial Services, Inc. (NYSE: PFSI) announced its plan to offer $500 million in Senior Notes due 2031. These Notes will be guaranteed by the Company's wholly owned subsidiaries and are intended for general corporate purposes, including possible repayments of existing secured borrowings. The offering will occur via private placements under Rule 144A and Regulation S, subject to market conditions. The Notes will not be registered under the Securities Act, limiting their sale to specific buyers.
PennyMac Mortgage Investment Trust (NYSE: PMT) has announced that its Chairman and CEO, David A. Spector, along with CFO Daniel S. Perotti, will participate in a fireside chat at the Barclays Global Financial Services Conference. This event is scheduled for 12:00 p.m. Eastern Time on Wednesday, September 15, 2021. An audio webcast link will be available on their Investor Relations website, with a replay set to be archived for a limited time.
PennyMac Mortgage Investment Trust primarily invests in residential mortgage loans and related assets and is externally managed by PNMAC Capital Management.
PennyMac Mortgage Investment Trust (NYSE: PMT) has declared cash dividends for Q3 2021 on its Series A and B Preferred Shares. The Series A Preferred Shares will have an annual dividend rate of 8.125% with a payout of $0.507813 per share, while the Series B Preferred Shares will offer an 8.00% rate and a $0.500000 dividend per share. Both dividends are set for payment on September 15, 2021, with a record date of September 1, 2021.
PennyMac Mortgage Investment Trust (NYSE: PMT) announced the pricing of its public offering of 10,000,000 Series C Cumulative Redeemable Preferred Shares, raising $250 million. The shares are offered at a liquidation preference of $25.00 each, with expected closing on August 24, 2021. An additional 1,500,000 shares may be purchased by underwriters for overallotments. Proceeds will fund general business purposes, including correspondent production, investment activities, and debt repayment. The shares will be listed under the symbol “PMT PrC” on the NYSE.
PennyMac Mortgage Investment Trust (NYSE: PMT) reported a net income of $31.9 million, or $0.32 per share for Q2 2021, down from $65.4 million in Q1. The net investment income reached $121.6 million. PMT declared a $0.47 cash dividend, paid on July 29, 2021. The company experienced a decrease in book value per share to $20.77 from $20.90. Despite a strong correspondent segment, challenges included declines in conventional correspondent loan production, which totaled $30.5 billion, down 10% from the previous quarter.
PennyMac Mortgage Investment Trust (NYSE: PMT) is set to announce its financial results for the quarter ending June 30, 2021, on August 5, 2021, after market close. Investors can access the news release and accompanying presentation online at www.PennyMac-REIT.com. The company’s executives will also provide a recorded analysis of the results for stakeholders.
PMT operates as a mortgage REIT, primarily investing in residential mortgage loans and related assets, and is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services.
PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a cash dividend of $0.47 per common share for Q2 2021. This dividend will be paid on July 29, 2021 to shareholders of record as of July 15, 2021. The announcement reflects PMT's ongoing commitment to return value to shareholders despite potential market challenges.
PennyMac Financial Services (NYSE: PFSI) has announced an upcoming combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) scheduled for June 17, 2021. Registration is open on their investor relations website. The event will run from 12:00 p.m. to 3:00 p.m. ET and will feature presentations by senior executives and Q&A sessions. PennyMac Financial has established itself as a leader in the U.S. residential mortgage market, originating $228 billion in loans last year and servicing $449 billion in loans, ranking it as the second-largest lender and sixth-largest servicer in the nation.
PennyMac Mortgage Investment Trust (NYSE: PMT) announced its virtual Investor Day scheduled for June 17, 2021, in collaboration with PennyMac Financial Services, Inc. (NYSE: PFSI). Registration is now open on their investor relations website. The event will feature presentations from senior executives and include Q&A sessions, starting at 12:00 p.m. ET and concluding at approximately 3:00 p.m. ET. A live video webcast will be available for attendees, with a replay accessible afterward.
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