Pennymac Mortgage Investment Trust

NYSE: PMT
$13.72
-$0.19 (-1.4%)
Closing price April 24, 2024
PennyMac Mortgage Investment Trust is a real estate investment trust (REIT) that focuses on mortgage-related assets in the United States. It operates in three main areas: Credit Sensitive Strategies, which includes investments in various mortgage and real estate assets; Interest Rate Sensitive Strategies, focusing on mortgage servicing rights and mortgage-backed securities; and Correspondent Production, dealing with the purchase and resale of residential loans. Founded in 2009 and based in Westlake Village, California, the company aims to provide returns to its shareholders by distributing at least 90% of its taxable income.

The Other PennyMac IPO
Source: Jon OggPennyMac Financial Services is a newly formed holding company affiliated with the Private National Mortgage Acceptance Company. The company has filed its S-1 registration statement...
Jon C. Ogg
Published:

Top Analyst Upgrades and Downgrades (ANF, ALGN, ACC, ARUN, FWLT, FTE, GPS, HMN, IR, KORS, MWW, PMT, RKUS, TWC, TUMI, URBN)
Source: Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Tuesday.Abercrombie & Fitch Co. (NYSE: ANF) started as Neutral at Goldman...
Jon C. Ogg
Published:
Last Updated:

Top Analyst Upgrades and Downgrades (ALTR, ADI, AVB, BIIB, KMX, CREE, EMC, IACI, LNCO, LINE, MYL, NTAP, NXPI, PMT, RIMM, RIGL, TASR, TKR, VMW, XLNX)
These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Thursday.Altera Corp. (NASDAQ: ALTR) started at Neutral at SunTrust Robinson...
Jon C. Ogg
Published:
Last Updated:

Top Analyst Upgrades and Downgrades (AMX, COH, EV, HTWR, HP, HPQ, LNCO, MPC, MDT, NYX, OSK, PMT, WY, YUM)
Source: Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Wednesday. With tomorrow being one of America’s top holidays, there will...
Jon C. Ogg
Published:
Last Updated:

Top Analyst Upgrades & Downgrades (BHP, CCL, DLPH, MN, MFRM, MCP, PKD, PCCC, PMT, SHLD, JOE, VRSK)
Source: Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning.  As usual for the week between Christmas and New...
Jon C. Ogg
Published:
Last Updated:

Are High-Yield Mortgage Dividend REITs Doomed? (NLY, AGNC, HTS, CIM, IVR, RWT, PMT, DX, ARI, STWD, CLNY, CXS, MORT)
There was a development this week in the land of the high-yielding mortgage REITs.  Wealthy and income oriented investors have been flocking to these for years because of their high dividends which...
Jon C. Ogg
Published:
Last Updated:

Top Analyst Upgrades & Downgrades (ALU, CPB, CYH, CS, FRX, GG, INTC, LDK, MSFT, OPEN, PMT, THC, TSO, TRLG)
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning.Alcatel-Lucent (NYSE: ALU) Maintained Underperform at Credit Suisse....
Jon C. Ogg
Published:
Last Updated:

Top 10 Analyst Upgrades and Downgrades (BUD, BIDU, EBAY, EMC, FRX, MSFT, ORCL, PMT, SINA, SOHU)
These are this Thursday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Anheuser Busch InBev (NYSE: BUD) Started as Overweight at JPMorgan. Baidu Inc....
Jon C. Ogg
Published:
Last Updated:

Top Analyst Upgrades (ADPI, EXP, GE, GSM, IHG, ERIC, PMT, RHT, TKTM, VMW)
These are some of the top early morning analyst upgrades and positive research calls we have seen from Wall Street early this Tuesday morning: American Dental (ADPI) Started as Outperform at Robert...
Douglas A. McIntyre
Published:

Two IPO's Hit: Globe Specialty Metals & PennyMac (GSM,PMT)
We have two IPO’s today, which sort of got lost in the earnings season shuffle.  Despite the recent market strength and the performance of recent IPO’s, both of these have been...
Douglas A. McIntyre
Published:
Last Updated: