PennyMac Mortgage Investment Trust
PMT-PC
New York Stock Exchange18.07
USD
-0.05
- -
CIK
0001464423
ISIN
US70931T5092
CUSIP
70931T509
Return %
Stock
S&P500
1Y
-4.27
26.53
3Y
-2.55
76.60
5Y
-27.66
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David A. Spector
- Full Time Employees
- 7
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Address
- 3043 Townsgate Road Westlake Village CA United States of America 91361
- IPO Date
- Aug 18, 2021
- CIK
- 0001464423
- Similar Companies
- Business
- PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that primarily invests in residential mortgage loans and mortgage-related assets in the United States. Its core products and services include investments in residential mortgage loans, credit risk transfer (CRT) agreements and securities, mortgage servicing rights (MSRs), excess servicing spreads, as well as agency and senior non-agency mortgage-backed securities (MBS). The company operates through three main segments: credit sensitive strategies, interest rate sensitive strategies, and correspondent production. The credit sensitive segment focuses on investments in CRT arrangements, subordinate MBS, distressed loans, and real estate assets. The interest rate sensitive segment engages in investments in MSRs, base and excess servicing spreads, and MBS, complemented by related interest rate hedging activities. The correspondent production segment functions as an intermediary that purchases, pools, securitizes, and resells newly originated prime credit quality loans either directly or through MBS issuance. Additionally, the company benefits from servicing and mortgage banking services agreements managed by PennyMac Financial Services through its subsidiaries, which provide loan servicing, escrow management, loss mitigation, foreclosure management, and related customer servicing activities. Founded in 2009 and headquartered in Westlake Village, California, PennyMac Mortgage Investment Trust is externally managed by PNMAC Capital Management, LLC, an SEC-registered investment advisor specializing in residential mortgage loans. The firm maintains strategic operational ties with PennyMac Financial Services, Inc., which provides management oversight, loan servicing through PennyMac Loan Services, LLC, and correspondent aggregation services. Recent major company developments over the past 1-2 years include expanding its mortgage servicing portfolio while adjusting its investment exposure, notably reducing the proportion of MSR investments relative to its total deployed equity. The company continues to focus on optimizing its risk-adjusted returns for shareholders through disciplined investment management and robust servicing operations. As a REIT, it distributes at least 90% of its taxable income to shareholders, mostly via dividends. PennyMac Mortgage Investment Trust targets primarily the U.S. residential mortgage market, serving government-sponsored entities and private investors with prime credit quality, newly originated mortgage loans. The company’s diversified mortgage asset portfolio and correspondent production activities position it as a key participant in mortgage loan investment, securitization, and servicing within the specialty finance and real estate sectors. Its geographic operations are concentrated in the United States, with a business model designed to leverage industry-leading mortgage production, servicing infrastructure, and capital management expertise to capitalize on opportunities in the U.S. mortgage market. The company’s strategic adjustments and service expansions underline its commitment to maintaining a balanced, diversified investment portfolio with a focus on stable income generation and capital appreciation. This description reflects PennyMac Mortgage Investment Trust’s comprehensive mortgage asset investment and servicing operations, recent portfolio adjustments, and its role within the U.S. mortgage financial market landscape.