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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 1.27
PMT's Cash to Debt is ranked higher than
92% of the 608 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.06 vs. PMT: 1.27 )
PMT' s 10-Year Cash to Debt Range
Min: 0.54   Max: No Debt
Current: 1.27

Equity to Asset 0.32
PMT's Equity to Asset is ranked higher than
54% of the 633 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.49 vs. PMT: 0.32 )
PMT' s 10-Year Equity to Asset Range
Min: 0.32   Max: 0.97
Current: 0.32

0.32
0.97
Interest Coverage 3.29
PMT's Interest Coverage is ranked higher than
79% of the 513 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.22 vs. PMT: 3.29 )
PMT' s 10-Year Interest Coverage Range
Min: 3.29   Max: 9999.99
Current: 3.29

3.29
9999.99
F-Score: 2
Z-Score: 0.76
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 45.60
PMT's Operating margin (%) is ranked higher than
75% of the 636 Companies
in the Global REIT - Residential industry.

( Industry Median: 41.01 vs. PMT: 45.60 )
PMT' s 10-Year Operating margin (%) Range
Min: 45.6   Max: 61.35
Current: 45.6

45.6
61.35
Net-margin (%) 42.53
PMT's Net-margin (%) is ranked higher than
76% of the 637 Companies
in the Global REIT - Residential industry.

( Industry Median: 35.70 vs. PMT: 42.53 )
PMT' s 10-Year Net-margin (%) Range
Min: 41.25   Max: 55.57
Current: 42.53

41.25
55.57
ROE (%) 13.65
PMT's ROE (%) is ranked higher than
93% of the 638 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.56 vs. PMT: 13.65 )
PMT' s 10-Year ROE (%) Range
Min: 7.65   Max: 13.65
Current: 13.65

7.65
13.65
ROA (%) 4.64
PMT's ROA (%) is ranked higher than
82% of the 641 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.17 vs. PMT: 4.64 )
PMT' s 10-Year ROA (%) Range
Min: 4.16   Max: 5.4
Current: 4.64

4.16
5.4
» PMT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

PMT Guru Trades in Q3 2013

Kyle Bass 3,570,000 sh (New)
Leon Cooperman 2,175,170 sh (+940.99%)
Louis Moore Bacon Sold Out
Chuck Royce 492,100 sh (-1.01%)
Jeremy Grantham 18,981 sh (-10.87%)
NWQ Managers 86,562 sh (-72.37%)
» More
Q4 2013

PMT Guru Trades in Q4 2013

NWQ Managers 773,906 sh (+794.05%)
Leon Cooperman 2,504,701 sh (+15.15%)
Kyle Bass 3,570,000 sh (unchged)
Chuck Royce 471,600 sh (-4.17%)
Jeremy Grantham 15,081 sh (-20.55%)
» More
Q1 2014

PMT Guru Trades in Q1 2014

Jim Simons 417,800 sh (New)
Leon Cooperman 2,504,701 sh (unchged)
Jeremy Grantham Sold Out
NWQ Managers 766,724 sh (-0.93%)
Chuck Royce 457,100 sh (-3.07%)
Kyle Bass 2,386,161 sh (-33.16%)
» More
Q2 2014

PMT Guru Trades in Q2 2014

RS Investment Management 607,583 sh (New)
Paul Tudor Jones 10,770 sh (New)
Leon Cooperman 2,858,201 sh (+14.11%)
NWQ Managers 746,561 sh (-2.63%)
Kyle Bass 2,105,890 sh (-11.75%)
Chuck Royce 369,600 sh (-19.14%)
Jim Simons 79,400 sh (-81%)
» More
» Details

Insider Trades

Latest Guru Trades with PMT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Leon Cooperman 2013-12-31 Add 15.15%0.11%$21.74 - $23.76 $ 21.98-3%2504701
Leon Cooperman 2013-09-30 Add 940.99%0.68%$20.39 - $23.52 $ 21.981%2175170
John Burbank 2013-06-30 Sold Out 2.1%$19.17 - $26.07 $ 21.98-6%0
Leon Cooperman 2013-06-30 New Buy0.07%$19.17 - $26.07 $ 21.98-6%208953
John Burbank 2013-03-31 Add 32.71%0.52%$24.17 - $28.73 $ 21.98-16%2045880
John Burbank 2012-12-31 New Buy1.5%$22.65 - $25.52 $ 21.98-10%1541568
John Griffin 2012-03-31 Sold Out 0.75%$16.75 - $18.92 $ 21.9830%0
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about PennyMac Mortgage Investment Trust

Kyle Bass’ Top Five Third Quarter Stocks
Kyle Bass is the founder as well as principal of Hayman Capital Management, a Dallas-based hedge fund. The guru is known for successfully predicting and benefiting from the subprime mortgage crisis as well as for his prediction of the European sovereign-debt crisis and his expectations for Japan’s economic future. Read more...
Kyle Bass Buys 5.2% of Distressed Mortgage Buyer PennyMac
Kyle Bass, the founder of Hayman Advisors, purchased 3,570,000 shares of PennyMac Mortgage Investment Trust (PMT) on Sept. 27, 2013, as reported by GuruFocus Real Time Picks. The transaction would be valued at around $80.8 million at a closing price of $22.64 the previous day, and give Hayman a 5.2% stake in the company. Read more...
50 Sold Out – Burbank’s Passport Capital Unloads Chemicals
In the second quarter of 2013, Guru John Burbank sold 50 companies and reduced many more. One of the main themes of his major reductions was about unloading large positions in four chemical companies. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 8.30
PMT's P/E(ttm) is ranked higher than
94% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 26.40 vs. PMT: 8.30 )
PMT' s 10-Year P/E(ttm) Range
Min: 5.91   Max: 13.26
Current: 8.3

5.91
13.26
P/B 1.00
PMT's P/B is ranked higher than
73% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. PMT: 1.00 )
PMT' s 10-Year P/B Range
Min: 0.8   Max: 1.39
Current: 1

0.8
1.39
P/S 3.80
PMT's P/S is ranked higher than
84% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 7.69 vs. PMT: 3.80 )
PMT' s 10-Year P/S Range
Min: 2.48   Max: 7.44
Current: 3.8

2.48
7.44
EV-to-EBIT 3.39
PMT's EV-to-EBIT is ranked higher than
99% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 32.70 vs. PMT: 3.39 )
PMT' s 10-Year EV-to-EBIT Range
Min: 0.1   Max: 16.5
Current: 3.39

0.1
16.5
Current Ratio 1.34
PMT's Current Ratio is ranked higher than
77% of the 407 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.88 vs. PMT: 1.34 )
PMT' s 10-Year Current Ratio Range
Min: 0.61   Max: 60.16
Current: 1.34

0.61
60.16
Quick Ratio 1.34
PMT's Quick Ratio is ranked higher than
79% of the 407 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.85 vs. PMT: 1.34 )
PMT' s 10-Year Quick Ratio Range
Min: 0.61   Max: 60.16
Current: 1.34

0.61
60.16

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 10.70
PMT's Dividend Yield is ranked higher than
95% of the 633 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.19 vs. PMT: 10.70 )
PMT' s 10-Year Dividend Yield Range
Min: 4.06   Max: 11.62
Current: 10.7

4.06
11.62
Dividend Payout 0.89
PMT's Dividend Payout is ranked higher than
72% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.20 vs. PMT: 0.89 )
PMT' s 10-Year Dividend Payout Range
Min: 0.63   Max: 1.2
Current: 0.89

0.63
1.2
Yield on cost (5-Year) 10.70
PMT's Yield on cost (5-Year) is ranked higher than
89% of the 634 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.59 vs. PMT: 10.70 )
PMT' s 10-Year Yield on cost (5-Year) Range
Min: 4.06   Max: 11.62
Current: 10.7

4.06
11.62

Valuation & Return

vs
industry
vs
history
Price/Net Cash 2.41
PMT's Price/Net Cash is ranked higher than
99% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. PMT: 2.41 )
PMT' s 10-Year Price/Net Cash Range
Min: 0.9   Max: 2.4
Current: 2.41

0.9
2.4
Price/Net Current Asset Value 2.41
PMT's Price/Net Current Asset Value is ranked higher than
99% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 9999.00 vs. PMT: 2.41 )
PMT' s 10-Year Price/Net Current Asset Value Range
Min: 0.88   Max: 2.4
Current: 2.41

0.88
2.4
Price/Tangible Book 1.29
PMT's Price/Tangible Book is ranked higher than
66% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. PMT: 1.29 )
PMT' s 10-Year Price/Tangible Book Range
Min: 0.82   Max: 1.47
Current: 1.29

0.82
1.47
Price/Median PS Value 1.06
PMT's Price/Median PS Value is ranked higher than
77% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.20 vs. PMT: 1.06 )
PMT' s 10-Year Price/Median PS Value Range
Min: 0.73   Max: 2
Current: 1.06

0.73
2
Price/Graham Number 0.67
PMT's Price/Graham Number is ranked higher than
85% of the 692 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. PMT: 0.67 )
PMT' s 10-Year Price/Graham Number Range
Min: 0.53   Max: 0.85
Current: 0.67

0.53
0.85
Earnings Yield (Greenblatt) 29.50
PMT's Earnings Yield (Greenblatt) is ranked higher than
98% of the 627 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.60 vs. PMT: 29.50 )
PMT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6.1   Max: 4706.6
Current: 29.5

6.1
4706.6

Business Description

Industry: REITs » REIT - Residential
Compare: » details
Traded in other countries:8PM.Germany
PennyMac Mortgage Investment Trust was organized in Maryland on May 18, 2009. It is a newly-formed finance Company that invests mainly in residential mortgage loans and mortgage-related assets. The Company's objective is to provide attractive risk-adjusted returns to its investors over the long-term, mainly through dividends and secondarily through capital appreciation. The Company is managed by PNMAC Capital Management, LLC or PCM, a wholly-owned subsidiary of Private National Mortgage Acceptance Company, LLC or PennyMac and an SEC-registered investment adviser that specializes in, and focuses on, residential mortgage loans. The Company's main focus is on investing in distressed residential mortgage loans. The Company seeks to maximize the value of the mortgage loans that it acquires through proprietary and federally sponsored loan modification programs, special servicing and other initiatives focused on keeping borrowers in their homes. It intends to achieve its investment objective by investing in mortgage loans, a substantial portion of which might be distressed and acquired at discounts to their unpaid principal balances.
» More Articles for PMT

Headlines

Articles On GuruFocus.com
Larger-than-Life Kyle Bass - Top Yields Dec 26 2013 
Kyle Bass’ Top Five Third Quarter Stocks Nov 19 2013 
Kyle Bass Takes 5.2% Stake Mortgage REIT PennyMac Oct 01 2013 
50 Sold Out – Burbank’s Passport Capital Unloads Chemicals Sep 02 2013 
Weekly CEO Buys Highlight: MOSY, PMT, APA, CUBI, OFIX May 26 2013 
19 High-Yield Stocks Close to New 52-Week Highs Dec 13 2012 
Professor Aswath Damodaran's Modified Low Price-to-Earnings Screen Nov 13 2012 
Dividend Stocks at New 52-Week Highs with Low P/E Ratios Apr 24 2012 
14 High-Yield Stocks with Low Debt Ratios That Are Still Cheap in Terms of Growth Feb 28 2012 
distressed debt play Feb 23 2012 

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