PennyMac Mortgage Investment Trust [PMT] Down -5.63% from Previous Close
December 25, 2022
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PENNYMAC ($NYSE:PMT): PennyMac Mortgage Investment Trust PMT is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company is headquartered in Moorpark, California. PennyMac Mortgage Investment Trust’s objective is to provide attractive risk-adjusted returns to its shareholders over the long-term, primarily through dividends and secondarily through capital appreciation. The company’s shares are currently trading at $13.40, which is a decrease of -5.63% from the previous close.
PennyMac Mortgage Investment Trust’s portfolio consists of mortgage-backed securities, residential mortgage loans, and other financial assets. Its investments are diversified across the credit spectrum, including non- and re-performing loans, prime and subprime mortgage loans, and other investments related to the housing market. Overall, investors may consider including PennyMac Mortgage Investment Trust PMT stock in their long-term portfolios as it offers an attractive mix of income and capital appreciation potential.
Stock Price
On Tuesday, the stock of PennyMac Mortgage Investment Trust (PMT) opened at $13.4 and closed at $13.2, seeing a drop of 5.63% from its previous close of $13.6. Even though the media exposure has been mostly positive towards the company, the stock prices still felt the heat of the market downturn. The decline in the stock price was mainly attributed to the overall market sentiment which has been negative for some time now. As investors sell off their holdings, it affects the stock prices of companies like PMT as well. The decline in the stock price can also be attributed to the company’s weak financials.
Further, PMT’s liquidity position is also a cause for concern, as it has been gradually decreasing over the past few years. The decline in PMT’s stock price is a concern for investors, as it indicates that the company is not performing well. This could be due to a number of factors, including weak fundamentals and liquidity issues. Investors should take into account these factors before investing in the company’s stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PMT. More…
| Total Revenues | Net Income | Net Margin |
| 91.61 | -137.05 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PMT. More…
| Operations | Investing | Financing |
| 1.73k | 1.09k | 1.73k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PMT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.22k | 11.41k | 19.24 |
Key Ratios Snapshot
Some of the financial key ratios for PMT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
PENNYMAC MORTGAGE INVESTMENT TRUST is a company whose fundamentals reflect its long-term potential. According to the VI Star Chart, PENNYMAC MORTGAGE INVESTMENT TRUST is strong in asset, dividend, and profitability and weak in growth. As a result, PENNYMAC MORTGAGE INVESTMENT TRUST is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. This makes the company attractive to investors who are looking for passive income. Investors who are looking for long-term capital appreciation may also be interested in PENNYMAC MORTGAGE INVESTMENT TRUST as it has a strong asset base and solid profitability. Furthermore, with an intermediate health score of 6/10, PENNYMAC MORTGAGE INVESTMENT TRUST is likely to be able to sustain future operations even in times of crisis. Overall, PENNYMAC MORTGAGE INVESTMENT TRUST is an attractive investment opportunity for those seeking steady income, long-term capital appreciation, and stability in times of crisis. Investors should consider the company’s fundamentals when making their investment decisions. More…
VI Peers
The mortgage industry is highly competitive, with many companies vying for market share. PennyMac Mortgage Investment Trust is one of the leading players in the industry, and its competitors include Ellington Financial Inc, Invesco Mortgage Capital Inc, and Two Harbors Investment Corp. Each of these companies has a strong presence in the marketplace, and they are all fighting for a piece of the pie.
– Ellington Financial Inc ($NYSE:EFC)
Ellington Financial Inc. is a real estate investment trust that focuses on originating, acquiring, financing, and managing mortgage-related and mortgage-backed securities. The company has a market capitalization of $799.24 million as of March 2022. Ellington Financial Inc. is headquartered in Old Greenwich, Connecticut.
– Invesco Mortgage Capital Inc ($NYSE:IVR)
Invesco Mortgage Capital Inc. is a holding company, which engages in the provision of financing and investment management solutions to the mortgage market. It operates through the following segments: Agency; Consumer; and Commercial. The company was founded in 1986 and is headquartered in Atlanta, GA.
– Two Harbors Investment Corp ($NYSE:TWO)
Harbors Investment Corp is a real estate investment trust that primarily invests in residential mortgage-backed securities. The company has a market cap of 1.23 billion as of 2022. Harbors Investment Corp is headquartered in New York, NY.
Summary
Investing in PennyMac Mortgage Investment Trust (PMT) can be an attractive option for those looking to diversify their portfolios. PMT is a real estate investment trust (REIT) that specializes in investing in and servicing residential mortgage loans. PMT’s portfolio consists of a mix of prime and non-prime mortgage loans, including mortgages backed by government-sponsored entities like Fannie Mae and Freddie Mac. PMT’s diversified portfolio ensures that the company is able to generate consistent income and cash flow, making it a relatively safe investment. As with any investment, investors should consider the risks associated with PMT. The company’s portfolio includes some high-risk mortgage loans, which could be subject to default or prepayment risk.
In addition, since PMT is a REIT, its dividend payments could be subject to changes in market conditions and taxes. Overall, PMT offers investors the potential for long-term capital appreciation, as well as a steady stream of dividend income. Furthermore, the company’s diverse portfolio of mortgage assets can provide investors with a level of diversification that is not available with other types of investments. For investors looking for steady income and some potential for capital appreciation, PMT is an attractive option.
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