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
See PMT on Yahoo Finance
See PMT on SEC.gov
 |
 |
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.
Stock Chart
See in Advanced Graph ViewREITMovers
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.
Hightlights of Trading Day September 27, 2022
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 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%
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
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
- - PennyMac Mortgage Investment Trust Declares Third Quarter 2022 Dividend for Its Common Shares - Wed, 21 Sep 2022 12:30:42 UTC
- - PennyMac Mortgage Investment Trust Declares Third Quarter 2022 Dividends for Its Preferred Shares - Thu, 18 Aug 2022 12:30:34 UTC
- - PennyMac Mortgage Investment Trust Reports Second Quarter 2022 Results - Tue, 02 Aug 2022 20:31:24 UTC
- - PennyMac Mortgage Investment Trust Announces Date for Release of Second Quarter 2022 Results - Tue, 26 Jul 2022 12:31:13 UTC
- - PennyMac Mortgage Investment Trust Declares Second Quarter 2022 Dividend for Its Common Shares - Thu, 02 Jun 2022 12:31:10 UTC
Key Stats of Trading Day September 27, 2022
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
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
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
- Mortgage REITs like #PMT and #NLY have very inconsistent dividend payment values compared to the better quality equity REITs. I like REITs that grow their dividends at a consistent rate over time, not sporadic payments. But I feel that is what we get from mREITs, sporadic payments over time. - Rocco64 - 2020-12-24 09:42:19 - See full comment
- that puts #PMT back on track to its Q1’20 dividend payment value after decreasing it to $0.25 in Q2’20. I think #PMT will keep its dividends at $0.47 for along time again (unless it drops it) but I see it hard for them to increase it based on past records. (I hope to be wrong and that it does increase). - 777i - 2020-12-21 08:05:36 - See full comment
- #Pmt increased dividend back to $0.47 from $0.40 in the previous quarter. - Atopp - 2020-12-20 18:09:48 - See full comment
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
| 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
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.
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| New York Mortgage Trust, Inc. (NYMT) | 5.7 | NASDAQ | Small-Cap | Mortgage | United States |
| Dynex Capital, Inc. (DX) | 6.5 | NYSE | Small-Cap | Mortgage | United States |
| MFA Mortgage Investments, Inc. (MFA) | 3.3 | NYSE | Small-Cap | Mortgage | United States |
| Invesco Mortgage Capital, Inc. (IVR) | 4.4 | NYSE | Small-Cap | Mortgage | United States |
| AG Mortgage Investment Trust, Inc. (MITT) | 3.5 | NYSE | Micro-Cap | Mortgage | United States |
Last updated: 2022-09-27 - v3.5