Pennymac Mortgage Investment Trust | REIT Profile

Symbol: PMT
CIK: 1464423
Exchange: NYSE
Founded: 2009 (13 years)
HQ: Westlake Village, CA, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage

See PMT on Google Finance
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See PMT on SEC.gov

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About Pennymac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (NYSE: PMT) is a specialty finance company that invests in a variety of residential mortgage loans and mortgage-related assets. PMT is managed by PNMAC Capital Management, LLC ("PCM" or our "Manager"), a subsidiary of PennyMac Financial Services, Inc. ("PennyMac") and an investment adviser registered with the Securities and Exchange Commission ("SEC") that specializes in, and focuses on, residential mortgage assets. All of the loans we acquire in our correspondent lending operations are acquired, pooled for sale, sold and/or securitized on our behalf by another PennyMac subsidiary, PennyMac Loan Services, LLC ("PLS" or our "Servicer"), which also services most of the loans we hold in our investment portfolio and almost all of the loans for which we retain the obligation to service as a result of our correspondent lending operations.


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Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$12.78 $13.29 $12.60 $13.14 $12.96 $12.96 1,033,152 -$0.19 -1.43% $1,157,044,806 -6.65 $18.75 $11.26 -21.81%

Last update: 2022-09-27 12:57:40 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 3.4

Hightlights of Trading Day September 27, 2022


Open Price: $13.14
Closing Price: $12.8
Price Change: -0.16 (-1.235%)
Lowest Price: $12.595
Highest Price: $13.29
52-Week Low: $11.26
52-Week High: $18.75
52-Week Change: -27.12%
5 Day Price Change: -12.85%
1 Month Price Change: -15.02%
3 Month Price Change: -4.75%
6 Month Price Change: -18.69%
YTD Price Change: -20.38%
1 Year Price Change: -26.15%
2 Year Price Change: -2.59%
5 Year Price Change: 23.58%

Dividend of Trading Day September 27, 2022


Dividend Yield: 14.688%*
Annualized Dividend: $1.88*
Dividend Yield (TTM): 13.859%
Annualized Dividend (TTM): $1.7961
Ex-Dividend Date: 2022-07-13
Next Ex-Dividend: 2022-10-13
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for Pennymac Mortgage Investment Trust

Key Stats of Trading Day September 27, 2022


Total Cash: N/A
Current Debt: $11,146,639,000
Revenue: $356,451,000
Gross Profit: $356,451,000
Total Revenue: $356,451,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $-81,974,000
Revenue Per Share: $4
Revenue Per Employee: $122,156
Employee: 1
Debt to Equity Ratio (D/E): 6.38
Profit Margin: -0.51%
Enterprise Value (EV): $1,323,242,631
Enterprise Value to Revenue (EV/R): 3.71
Price to Sales (P/S): 3.71
Price to Book (P/B): 0.87
Price/Earnings-to-Growth (PEG) Ratio: 0.04
P/E Ratio: -6.67
P/E High: 2.42
P/E Low: 0.77
Forward P/E Ratio: -231.90
Market Capitalization: $1,159,309,082
Beta: 0.82
Latest Volume: 1,161,770
Avg. Total Volume: 1,097,423
Avg. 10-Day Volume: 891,321
Avg. 30-Day Volume: 1,097,423
TTM EPS: -1.92
Shares Outstanding: 90,571,022
Float: N/A
50-Day Moving Avg.: $14.80
200-Day Moving Avg.: $14.80

Latest REIT Community Comments on #PMT


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REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $22.76 per share you would have been able to buy 43 shares of PMT on 2021-09-27 costing $978.68 @ $22.76 per share you would have been able to buy 21 shares of PMT on 2021-09-27 costing $477.96 @ $22.76 per share you would have been able to buy 10 shares of PMT on 2021-09-27 costing $227.60 @ $22.76 per share you would have been able to buy 4 shares of PMT on 2021-09-27 costing $91.04 @ $22.76 per share you would have been able to buy 2 shares of PMT on 2021-09-27 costing $45.52
Current worth On 2022-09-27 these 43 shares would be worth $550.40 @ $12.80 On 2022-09-27 these 21 shares would be worth $268.80 @ $12.80 On 2022-09-27 these 10 shares would be worth $128.00 @ $12.80 On 2022-09-27 these 4 shares would be worth $51.20 @ $12.80 On 2022-09-27 these 2 shares would be worth $25.60 @ $12.80
Dividends earned $80.84 in dividends would have been earned since 2021-09-27 with 43 shares. $39 in dividends would have been earned since 2021-09-27 with 21 shares. $18.80 in dividends would have been earned since 2021-09-27 with 10 shares. $7.52 in dividends would have been earned since 2021-09-27 with 4 shares. $3.76 in dividends would have been earned since 2021-09-27 with 21 shares.
Net (gain / loss)* -347.44 USD -169.68 USD -80.80 USD -32.32 USD -16.16 USD
ROI** -35.50% -35.50% -35.50% -35.50% -35.50%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by PMT. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
PMT 2022-07-13 0.470 --- 2022-06-02 2022-07-14 2022-07-28
PMT 2022-04-13 0.470 --- 2022-03-04 2022-04-15 2022-04-28
PMT 2021-12-30 0.470 --- 2021-12-07 2021-12-31 2022-01-31
PMT 2021-10-14 0.470 --- 2021-09-21 2021-10-15 2021-10-28
PMT 2021-07-14 0.470 --- 2021-06-23 2021-07-15 2021-07-29
PMT 2021-04-14 0.470 --- 2021-03-24 2021-04-15 2021-04-29
PMT 2020-12-30 0.470 17.50% 2020-12-18 2020-12-31 2021-01-29
PMT 2020-10-14 0.400 --- 2020-09-23 2020-10-15 2020-10-30
PMT 2020-07-14 0.400 60.00% 2020-06-19 2020-07-15 2020-07-30
PMT 2020-04-14 0.250 -46.81% 2020-03-25 2020-04-15 2020-04-30
PMT 2019-12-30 0.470 --- 2019-12-20 2019-12-31 2020-01-30
PMT 2019-10-11 0.470 --- 2019-09-24 2019-10-14 2019-10-30
PMT 2019-10-10 0.470 --- 2019-09-24 2019-10-14 2019-10-30
PMT 2019-07-12 0.470 --- 2019-06-26 2019-07-15 2019-07-30
PMT 2019-04-12 0.470 --- 2019-03-26 2019-04-15 2019-04-29
PMT 2018-12-28 0.470 --- 2018-12-21 2018-12-31 2019-01-28
PMT 2018-10-12 0.470 --- 2018-09-25 2018-10-15 2018-10-30
PMT 2018-07-12 0.470 --- 2018-06-27 2018-07-13 2018-07-30
PMT 2018-04-12 0.470 --- 2018-03-28 2018-04-13 2018-04-27
PMT 2017-12-28 0.470 --- 2017-12-19 2017-12-29 2018-01-26

Earnings Press Releases


Below are the Earnings Press Releases for PMT. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 PennyMac Mortgage Investment Trust Reports First Quarter 2022 Results
2021 Q4 PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2021 Results

Financial Statements Overview


The next Earnings Report for PMT is 2022-11-03

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 0 0 0 0
Receivables 3,582,000 20,562,000 15,953,000 19,162,000
Inventory 0 0 0 0
Current Assets 12,960,089,000 12,190,326,000 13,486,409,000 13,625,625,000
Current Assets (Other) 5,234,456,000 1,670,864,000 4,836,955,000 115,961,000
Short Term Investments 12,624,498,000 11,981,884,000 13,411,473,000 13,474,722,000
Long-term Investments 257,190,000 197,189,000 286,299,000 242,975,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 257,190,000 197,189,000 271,917,000 242,975,000
Net Tangible Assets 1,529,158,000 1,680,456,000 1,826,036,000 1,937,845,000
Total Assets 13,217,279,000 12,387,515,000 13,772,708,000 13,868,600,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 6,232,181,000 5,470,849,000 6,910,783,000 7,413,270,000
Total Current Liabilities 11,146,639,000 10,165,577,000 11,405,190,000 11,389,273,000
Current Long-term Debt 4,914,458,000 4,694,728,000 4,494,407,000 3,976,003,000
Long-term Debt 0 0 0 0
Total Liabilities 11,146,639,000 10,165,577,000 11,405,190,000 11,389,273,000
Minority Interest 0 0 0 0
Common Stock 91,963,000 94,146,000 96,288,000 97,501,000
Retained Earnings -444,602,000 -320,581,000 -256,670,000 -183,582,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,070,640,000 2,221,938,000 2,367,518,000 2,479,327,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 177,578,000 308,675,000 -252,434,000 122,632,000
Cost of Revenue 0 0 0 0
Gross Profit 177,578,000 308,675,000 -252,434,000 122,632,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 217,637,000 291,097,000 -234,777,000 163,999,000
Operating Income -40,059,000 17,578,000 -17,657,000 -41,367,000
Income Expense Net (Other) 191,000 480,000 -1,851,000 711,000
EBIT -39,868,000 18,058,000 -19,508,000 -40,656,000
Interest Income 0 0 0 0
Pretax Income -39,868,000 18,058,000 -19,508,000 -40,656,000
Income Tax 30,866,000 37,187,000 -2,622,000 -4,701,000
Minority Interest 0 0 0 0
Net Income -81,293,000 -29,584,000 -27,377,000 -44,004,000
Net Income Basic -81,293,000 -29,584,000 -27,377,000 -44,004,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income -81,293,000 -29,584,000 -27,377,000 -44,004,000
Depreciation 0 0 0 0
Changes in Receivables 3,582,000 20,562,000 15,953,000 19,162,000
Changes in Inventories 0 0 0 0
Cash Change 332,009,000 187,880,000 58,983,000 131,741,000
Cash Flow -69,474,000 1,747,025,000 -104,840,000 -5,583,296,000
Capital Expenditures 0 0 0 0
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -588,534,000 -196,572,000 -2,426,000 104,755,000
Dividends Paid 0 0 0 0
Net Borrowings -7,710,040,000 -7,287,156,000 -8,917,066,000 -9,498,719,000
Cash Flow Financing 802,137,000 -1,421,556,000 34,508,000 3,582,122,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.8
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.3
Rating Asset & Revenue Section Avg. Rating
0 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
3.4 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-09-27 - v3.5