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PennyMac Mortgage Investment Trust (PMT) Company Profile

Updated Jul 3, 2019
PennyMac Mortgage Investment Trust has the following business profile:
Company's Full Name:PennyMac Mortgage Investment Trust
Short Name:PennyMac Mortgage Investment Trust
Trading Ticker Symbol:PMT
Primary Exchange:NYSE
Headquarter City/Country:California, CA
Primary Industry Sector:Consumer Services
Seconday Sub-sector:Real Estate Investment Trusts
Main Business Areas: Diversified REIT, REIT, Consumer Services, Real Estate Investment Trusts, REITs, Real Estate
Dividend Payments:Dividend History

Market and Trading Information for PennyMac Mortgage Investment Trust

The following details were available for trading and market data about the stock of PennyMac Mortgage Investment Trust as of writing:
Current Share Price:$21.85
Previous Year's Closing Price:$18.62
Percentage Price Change (YTD):17.35%
Market Cap:$1.67 billion
52-week Price Range:$17.88 - $22.14
Dividend Per Share:$1.88
EPS (TTM):2.33
Price-Earnings (Trailing):9.39
Price-Earnings (Forward):10.93

Company Profile and Business Description for PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (PMT), incorporated on May 18, 2009, is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries. The Company operates through two segments: correspondent production and investment activities. The Company's investment activities segment represents the Company's investments in mortgage-related assets, which include distressed mortgage loans, real estate acquired in settlement of loans (REO), mortgage-backed securities (MBS), mortgage servicing rights (MSRs) and excess servicing spread (ESS). The Company seeks to maximize the value of its acquired distressed mortgage loans through loan modification programs, special servicing or other initiatives focused on keeping borrowers in their homes. Where this is not possible, such as in the case of many nonperforming mortgage loans, the Company seeks to effect property resolution in a manner, including through the use of resolution alternatives to foreclosure. The correspondent production segment represents the Company's operations aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing, pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of MBS, using the services of PNMAC Capital Management (the Manager or PCM) and PennyMac Loan Services, LLC (PLS or the Servicer), both indirect subsidiaries of PennyMac Financial Services, Inc. (PFSI or PennyMac).

The management of the Company's business and execution of its operations is performed on the Company's behalf by subsidiaries of PFSI. PFSI is a specialty financial services firm with a mortgage platform and integrated business focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States residential mortgage market. The Company is managed by PCM, a subsidiary of PennyMac and an investment advisor that specializes in, and focuses on, the United States residential mortgage assets. The Company's targeted investments are in the United States residential mortgage market, including credit sensitive assets, such as distressed mortgage loans, credit risk transfer (CRT) securities related to its correspondent production, non-Agency subordinate bonds, small-balance commercial real estate (including multifamily) loans and subordinate interests, and interest rate sensitive assets, such as MSRs, ESS, MBS, and non-Agency senior MBS.

In addition to its investment activities, the Company is engaged in correspondent production, which is the acquisition of newly originated, prime credit quality, first-lien residential mortgage loans that have been underwritten to investor guidelines, pooling such loans into MBS and selling the resulting securities into the secondary markets. It purchases Agency-eligible mortgage loans and jumbo mortgage loans. It then sells or securitizes Agency-eligible mortgage loans meeting the guidelines of Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) on a servicing-retained basis whereby it retains the related MSRs; government mortgage loans (insured by the Federal Housing Administration (FHA) or guaranteed by the Veterans Administration (VA)), which it sells to PLS, a Government National Mortgage Association (Ginnie Mae) approved issuer and servicer, and jumbo mortgage loans, which generally on a servicing-retained basis, it securitizes or sells to third parties. As of December 31, 2016, its portfolio of mortgage investments consisted of Credit Sensitive Assets and Interest Rate Sensitive Assets.

3043 Townsgate Rd

Peer / Competitor Companies of Real Estate Investment Trusts Sector

Along with PennyMac Mortgage Investment Trust, the following other peer (competitor) companies also exist within the same Real Estate Investment Trusts - Consumer Services sector whose company profile and dividend history is as follows:

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▶ AGNC Investment (AGNC): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNCB): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ AGNC Investment (AGNCP): AGNC Investment Corp., formerly American Capital Agency Corp., incorporated on January 7, 2008, is a real estate investment trust (REIT). The Company primarily invests in agency residential mortgage-backed securities on ....See Detailed Company Profile  and Dividend History.

▶ Agree Realty (ADC): Agree Realty Corporation (Agree Realty), incorporated on December 15, 1993, is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. ....See Detailed Company Profile  and Dividend History.

▶ Alexander's (ALX): Alexanders, Inc., incorporated on May 16, 1955, is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. The Company is managed ....See Detailed Company Profile  and Dividend History.

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▶ American Assets Trust (AAT): American Assets Trust, Inc., incorporated on July 16, 2010, is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, ....See Detailed Company Profile  and Dividend History.

▶ American Campus Communities (ACC): American Campus Communities, Inc. (ACC), incorporated on March 9, 2004, is a self-managed and self-administered equity real estate investment trust (REIT). The Company holds interest in American Campus Communities Operating ....See Detailed Company Profile  and Dividend History.

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▶ American Tower REIT (AMT): American Tower Corporation (ATC), incorporated on September 24, 1996, is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications ....See Detailed Company Profile  and Dividend History.

▶ Annaly Capital Management (NLY): Annaly Capital Management, Inc. (Annaly), incorporated on November 25, 1996, is a mortgage real estate investment trust (REIT). The Company owns a portfolio of real estate related investments. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Anworth Mortgage Asset (ANH): Anworth Mortgage Asset Corporation, incorporated on October 16, 1997, is a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total returns to its stockholders over ....See Detailed Company Profile  and Dividend History.

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