|Bid||20.05 x 1000|
|Ask||21.25 x 900|
|Day's Range||20.27 - 21.03|
|52 Week Range||18.07 - 26.20|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.69 (7.96%)|
|Ex-Dividend Date||May 31, 2022|
|1y Target Est||N/A|
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Now, I'd like to introduce David Spector, PMT's chairman and chief executive officer, who will discuss the company's second quarter 2022 results. PMT reported a net loss of $81.2 million, or $0.88 per common share for the second quarter, as fair value declines in its credit-sensitive strategies due to continued spread widening more than offset strong performance from its strategies excluding the impacts of market-driven fair value changes.
PennyMac Mortgage (PMT) delivered earnings and revenue surprises of -320% and 81.37%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
WESTLAKE VILLAGE, Calif., August 02, 2022--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported a net loss attributable to common shareholders of $81.2 million, or $(0.88) per common share on a diluted basis for the second quarter of 2022, on net investment income of $21.5 million. PMT previously announced a cash dividend for the second quarter of 2022 of $0.47 per common share of beneficial interest, which was declared on June 2, 2022 and paid on July 28, 2022 to common shareholders of