Pennymac Mortgage Trust (PMT) Reports Q4 EPS of $0.34

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Go back to Pennymac Mortgage Trust (PMT) Reports Q4 EPS of $0.34

Compass Point Downgrades PennyMac Mortgage Investment Trust (PMT) to Neutral

February 5, 2015 8:12 AM EST

Compass Point downgraded PennyMac Mortgage Investment Trust (NYSE: PMT) from Buy to Neutral with a price target of $21.50 (from $24.00) following Q4 results, saying slowing home price appreciation caught up.

Analyst Kevin Barker commented, "PMT missed our expectations this quarter as net gains on the distressed loan portfolio came in well below the gains recorded over... More