Previous Close | 18.79 |
Open | 19.00 |
Bid | 18.80 x 800 |
Ask | 19.50 x 1100 |
Day's Range | 18.80 - 19.33 |
52 Week Range | 3.50 - 22.31 |
Volume | 621,090 |
Avg. Volume | 883,924 |
Market Cap | 1.856B |
Beta (5Y Monthly) | 1.14 |
PE Ratio (TTM) | 70.26 |
EPS (TTM) | 0.27 |
Earnings Date | May 05, 2021 - May 10, 2021 |
Forward Dividend & Yield | 1.88 (9.91%) |
Ex-Dividend Date | Dec 30, 2020 |
1y Target Est | 19.47 |
PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of David A. Spector as Chairman of the Board. Mr. Spector will continue to serve as Chief Executive Officer.
PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2021 on its 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the "Series A Preferred Shares") (NYSE: PMT PrA) and its 8.00% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares of Beneficial Interest (the "Series B Preferred Shares") (NYSE: PMT PrB).
Rating Action: Moody's upgrades of PennyMac Financial Services Inc.'s unsecured bond rating to B1; outlook revised to positiveGlobal Credit Research - 08 Feb 2021New York, February 08, 2021 -- Moody's Investors Service, ("Moody's") has upgraded the senior unsecured bond rating of PennyMac Financial Services Inc. (PFSI) and the issuer rating of PFSI's subsidiary, Private National Mortgage Acceptance Co, LLC. (Private National), to B1 from B2. The planned issuance of $500 million of senior unsecured debt maturing in 2029 will increase the portion of unsecured debt to total corporate debt to more than 45% from approximately 32.5%, which will lower the companies' reliance on secured mortgage servicing rights (MSR) funding facilities and Moody's expects will materially lower the loss in the event of default on the companies' senior unsecured obligations.The outlooks for Private National and PFSI were revised to positive from stable reflecting Moody's expectation that these companies will be able to maintain their strong financial performance, minimize operational risk from past rapid growth, and maintain solid capital levels while continuing to strengthen their franchise positioning and improve their liquidity profiles over the next 12-18 months.PFSI's Ba3 corporate family rating reflects the company's solid track record of operational performance and a solidifying franchise position supporting its solid profitability, strong capital levels and a strengthening funding profile.The ratings also reflect PFSI's solid and strengthening franchise in the United States mortgage market as the largest correspondent mortgage originator in 2020, and a top five overall US residential mortgage originator with a market share of approximately 5.0% for 2020.