PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT) News
Filter PMT News Items
PMT News Results
|Event/Time||Symbol||Company||News Detail||Start||End||Change||POWR Rating|
|Loading, please wait...|
Latest PMT News From Around the Web
Below are the latest news stories about PennyMac Mortgage Investment Trust that investors may wish to consider to help them evaluate PMT as an investment opportunity.
PennyMac Mortgage Investment Trust -- Moody's reviews PennyMac Mortgage Investment Trust's ratings for downgrade following significant decline in capital levels
Moody's Investors Service, ("Moody's") has placed on review for downgrade PennyMac Mortgage Investment Trust's ("PMT") Ba3 corporate family rating and B2 long-term issuer rating. Similar to a number of other residential mortgage REITs, PMT has experienced a significant decline in the value of its mortgage-related assets, incurring a $1 billion non-cash fair value loss on its CRT investments in the first quarter of 2020.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the second quarter of 2020 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series A Preferred Shares”) (NYSE: PMT PrA) and its 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the “Series B Preferred Shares”) (NYSE:
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
Now I would like to introduce David Spector, PMT's president and chief executive officer, who will discuss the company's first-quarter results. For the first-quarter 2020, PMT reported net loss attributable to common shareholders of $600.9 million or $5.99 per common share. PMT reports results through four segments: credit-sensitive strategies, which contributed $960.5 million in pre-tax loss; interest rate-sensitive strategies, which contributed $324.8 million in pre-tax income; correspondent production, which contributed $65.3 million in pre-tax income; and corporate with a pre-tax loss of $14 million.
WESTLAKE VILLAGE, Calif. (AP) _ PennyMac Mortgage Investment Trust (PMT) on Thursday reported a first-quarter loss of $594.7 million, after reporting a profit in the same period a year earlier. The Westlake Village, California-based company said it had a loss of $5.99 per share. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $2.81 per share. PennyMac Mortgage shares have declined 54% since the beginning of the year. The stock has fallen 51% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PMT at https://www.zacks.com/ap/PMT
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss attributable to common shareholders of $600.9 million, or $5.99 per common share for the first quarter of 2020, on net investment losses of $506.5 million. PMT previously announced a cash dividend for the first quarter of 2020 of $0.25 per common share of beneficial interest, which was declared on March 25, 2020 and paid on April 30, 2020 to common shareholders of record as of Apr
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) will announce results for the quarter ended March 31, 2020 in a news release to be issued after the market close on Thursday, May 7, 2020. The release will be available online at www.PennyMac-REIT.com. The Company’s executives will review the results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company’s website concurrently with the news release. I
PennyMac Mortgage Investment Trust Announces Change to Virtual Format for 2020 Annual Meeting of Shareholders
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced that it will host its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) virtually by means of a live webcast due to the public health concerns resulting from the coronavirus disease 2019 (COVID-19) and to prioritize the health and well-being of the Company’s shareholders, its officers and other meeting participants. The Annual Meeting, which was previously announced in the Company’
In last week’s trading, stocks showed their best weekly gains in over 40 years, prompting a wave of confidence among investors. But it’s not clear that the bulls really want to start running – today, the S&P slipped 2.5%. Volatility indicators remain high, as daily trading results remain unpredictable.The market gyrations are the direct result of the strong reactions to the COVID-19 epidemic. New York City, the world’s financial center, is clearly at the center of the epidemic in the US, but social distancing, shutdowns, lockdowns, and quarantines are being applied in varying degrees throughout the country – and worldwide. Economic activity, the ordinary daily business of working, producing, buying, and selling, has ground to near-halt, and economists are debating not if we’ll see a rec...
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]