Pamala sells PMT 15.36: Discounts to net asset value/book value are nothing out of the ordinary in the mortgage REIT sector, but PennyMac Mortgage Investment Trust is not your average mortgage REIT that simply invests in a portfolio of residential mortgage-backed securities.

But there is yet another reason why I like PMT now that the shares has sold off in response to softer-than-expected first and second quarter earnings: A low valuation relative to book value. I have covered PennyMac Mortgage Investment Trust quite a few times this year and actually considered adding the specialty finance company to my $100,000 high-yield income portfolio in April. PennyMac Mortgage Investment Trust's book value in the second quarter was down 1.4% q/q to $20.39 per share. In the first quarter of 2015, PennyMac Mortgage Investment Trust's book value decreased 2.4% q/q to $20.68 per share. The first two fiscal quarters of 2015 were weak, and the company's share price reflects that.


Dianne:
Kirsch, donation, no value stated.

Johanne:
Robertson to Kayla Broussard and Joseph L.

Regine:
Old Metairie Drive 805: Scott W.

Beverly:
Fernandez, donation, no value stated.

Felisa:
Nosacka, donation, no value stated.

Magdalene:
Hufft Revocable Living Trust to Brenda H.

Jestine:
Causeway Boulevard 3801U303: Clifford P.

Pattie:
Schilleci, donation, no value stated.

Enola:
Mcdonald, donation, no value stated.

Barb:
Lefkoe St. 4700: Ferdinand Frank Jr., Kenneth F.

Pennymac Mortgage Investment Trust (NYSE:PMT)
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