Wells Fargo Downgrades PennyMac Mortgage Investment Trust (PMT) to Market Perform

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Go back to Wells Fargo Downgrades PennyMac Mortgage Investment Trust (PMT) to Market Perform

PennyMac Mortgage Investment Trust Reports Fourth Quarter 2015 Results

February 3, 2016 5:08 PM EST

MOORPARK, Calif.--(BUSINESS WIRE)-- PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income of $15.7 million, or $0.21 per diluted share, for the fourth quarter of 2015, on net investment income of $50.6 million. PMT previously announced a cash dividend for the fourth quarter of 2015 of $0.47 per common share of beneficial interest, which was declared on December 10, 2015 and paid on January 28, 2016.

Fourth Quarter 2015 Highlights

Financial results:

Diluted earnings per common share of $0.21, down 57 percent from the prior quarter Net income of $15.7 million, down 60 percent from the prior quarter... More