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PennyMac Mortgage Investment Trust - PMT STOCK NEWS

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.

News

PennyMac Mortgage Investment Trust Declares First Quarter 2024 Dividend for Its Common Shares

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PennyMac Mortgage Investment Trust (PMT) declares a cash dividend of $0.40 per share for Q1 2024, payable on April 26, 2024. Investors should take note of the record date on April 12, 2024.
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PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2023 Results

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PennyMac Mortgage Investment Trust (PMT) reported net income of $42.5 million for Q4 2023, with an annualized return on average common equity of 12%. The company's book value per common share increased to $16.13, and net investment income was $84.8 million. PMT also announced a cash dividend of $0.40 per common share. Full-year 2023 highlights include net income of $199.7 million, dividends of $1.60 per common share, and an 11% return on average common equity.
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PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2023 Results

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PennyMac Financial Services, Inc. (NYSE: PFSI) reported a net loss of $36.8 million for Q4 2023, with a diluted loss per share of $(0.74) on revenue of $361.9 million. The company declared a Q4 cash dividend of $0.20 per share. Pretax loss was $54.2 million, including a non-recurring expense accrual of $158.4 million. The company issued a $125 million term loan, $750 million of senior notes, and redeemed $875 million in secured term notes. Total loan acquisitions and originations were $26.7 billion. The servicing segment saw a pretax loss of $95.5 million, with a provision for losses on active loans of $5.7 million. Net income for full-year 2023 was $144.7 million, down from $475.5 million in 2022.
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PennyMac Mortgage Investment Trust Announces Date for Release of Fourth Quarter and Full-Year 2023 Results

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PennyMac Mortgage Investment Trust (PMT) will release its Q4 and full-year 2023 results on February 1, 2024. The management will host a conference call to review the results, and the release, webcast, and materials will be available online at pmt.pennymac.com.
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PennyMac Financial Services, Inc. Announces Upsizing and Pricing of Private Offering of $750 Million of Senior Notes

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PennyMac Financial Services, Inc. (NYSE: PFSI) announced the pricing of $750 million aggregate principal amount of 7.875% Senior Notes due 2029, with an increased offering size from the previously announced $650 million. The Notes will bear interest at 7.875% per annum and will mature on December 15, 2029. The offering is expected to close on December 11, 2023, and the proceeds will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes.
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PennyMac Financial Services, Inc. Announces Proposed Private Offering of $650 Million of Senior Notes

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PennyMac Financial Services, Inc. (NYSE: PFSI) intends to offer $650 million aggregate principal amount of Senior Notes due 2029 to repay a portion of secured term notes due 2025 and for general corporate purposes. The offering is subject to market conditions and will be made through a private placement to qualified institutional buyers. The Notes have not been registered under the Securities Act and may not be offered or sold in the United States without an applicable exemption.
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PennyMac Mortgage Investment Trust Declares Fourth Quarter 2023 Dividend for Its Common Shares

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PennyMac Mortgage Investment Trust (PMT) declared a cash dividend of $0.40 per common share of beneficial interest for Q4 2023, payable on January 26, 2024, to common shareholders of record as of December 29, 2023.
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PennyMac Mortgage Investment Trust Reports Third Quarter 2023 Results

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PennyMac Mortgage Investment Trust (PMT) reported net income of $51.0 million for Q3 2023, with strong performance across all segments. Book value per common share increased to $16.01. PMT also took steps to strengthen its balance sheet by upsizing a term loan, redeeming term notes, and issuing unsecured senior debt.
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PennyMac Financial Services, Inc. Reports Third Quarter 2023 Results

Rhea-AI Summary
PennyMac Financial Services reported net income of $92.9 million for Q3 2023, with diluted earnings per share of $1.77. Book value per share increased to $71.56. The company declared a cash dividend of $0.20 per share. Pretax income was $126.8 million, up 74% from the previous quarter. Total loan acquisitions and originations were $25.1 billion, and the servicing portfolio grew to $589.4 billion. PennyMac Financial's strong financial performance allowed them to gain market share and generate strong returns.
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PennyMac Mortgage Investment Trust Announces Date for Release of Third Quarter 2023 Results

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PennyMac Mortgage Investment Trust to announce Q3 2023 results
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FAQ

What is the current stock price of PennyMac Mortgage Investment Trust (PMT)?

The current stock price of PennyMac Mortgage Investment Trust (PMT) is $13.43 as of November 22, 2024.

What is the market cap of PennyMac Mortgage Investment Trust (PMT)?

The market cap of PennyMac Mortgage Investment Trust (PMT) is approximately 1.2B.

What does PennyMac Mortgage Investment Trust (PMT) do?

PMT primarily invests in mortgage-related assets in the United States through credit-sensitive and interest-rate-sensitive strategies, and correspondent production.

What are the main segments of PMT's operations?

PMT operates through three segments: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production.

What is the Credit Sensitive Strategies segment?

This segment invests in credit risk transfer agreements, distressed loans, real estate, and non-agency subordinated bonds to generate income.

How does the Interest Rate Sensitive Strategies segment function?

It invests in mortgage servicing rights, excess servicing spreads, and mortgage-backed securities, along with related interest rate hedging activities.

What activities are involved in the Correspondent Production segment?

This segment purchases, pools, and resells newly originated prime credit residential loans, often resulting in the creation of mortgage-backed securities.

Who manages PennyMac Mortgage Investment Trust?

PMT is managed by PNMAC Capital Management, LLC.

What is PMT's status as a company?

PMT qualifies as a Real Estate Investment Trust (REIT), which provides certain tax advantages.

How has PMT performed recently?

PMT has shown strong financial performance through diversified investment strategies and effective risk management.

What are some recent achievements of PMT?

PMT has expanded its investment portfolio, optimized asset management strategies, and established strategic partnerships.

What makes PMT a significant player in the mortgage finance industry?

PMT's diversified approach, robust financial health, and strategic risk management practices contribute to its significance in the industry.

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PennyMac Mortgage Investment Trust

NYSE:PMT

PMT Rankings

#2431 Ranked by Market Cap
#103 Ranked by Dividends

PMT Stock Data

1.17B
85.98M
1.02%
69.1%
5.16%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
WESTLAKE VILLAGE