The Online Investor
PMT Buyback image

PennyMac Mortgage Investment Trust Buyback

OLI recorded this information on 2/24/2016

Company: PennyMac Mortgage Investment Trust
Buyback: PMT buyback
$Amount Authorized: $200,000,000
Buyback Details: PennyMac Mortgage Investment Trust (NYSE:PMT) today announced that its Board of Trustees has authorized an increase in its previously announced share repurchase program to $200 million. Under the program, the Company may repurchase its outstanding common shares of beneficial interest. To date this year, the Company has repurchased 2.7 million common shares at a cost of $30.9 million. Including amounts repurchased last year, the Company has repurchased a total of 3.7 million common shares under the program at a cost of $46.9 million.

PennyMac Mortgage Investment Trust is a holding company. Through its subsidiaries, Co. is a finance company that invests primarily in mortgage-related assets. Co. also conducts substantially all of its operations, and makes substantially all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. Co.'s business includes four segments: credit sensitive strategies,which represents Co.'s investments in credit risk transfer arrangements; interest rate sensitive strategies, which represents Co.'s investments in mortgage servicing rights; and correspondent production, which serves as an intermediary between lenders and the capital markets.

PMT SEC Filing Email Alerts Service

Preferreds: PMT.PRA, PMT.PRB

Open the PMT Page at The Online Investor »

Company Name: 
Pennymac Mortgage Investment Trust
Stock buyback: 
PMT buyback
Number of ETFs Holding PMT: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the PMT Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (2.62 out of 4)
3rd percentile
(ranked lower than approx. 97% of all stocks covered)

Analysts' Target Price:
PMT Stock Forecast

Based on Zacks ABR data;
powered by Xignite

PMT Buyback Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.