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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) ("PMT†or the "Company†) today announced that its indirect wholly-owned subsidiary, PennyMac Corp. ("PMC†), has priced an offering of $75 million aggregate principal amount of its 8.500% Exchangeable Senior Notes due 2029 (the "Notes†) to certain investors in a direct placement registered under the Securities Act of 1933, as amended. The Notes will be issued as a reopening of, and will be part of the same. ...

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Blackstone Mortgage Trust ( BXMT ) continued to shrink its impaired loan portfolio in the third quarter and managed to support its dividend with earnings available for distribution. Blackstone Mortgage Trust successfully stabilized its portfolio and incomeAnalyst’s Disclosure:I/we have a beneficial long position in the shares of STWD, LADR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

Core Insights - Blackstone Mortgage Trust (BXMT) has successfully reduced its impaired loan portfolio in the third quarter while maintaining its dividend through earnings available for distribution [1] - The company has stabilized its portfolio and income, indicating a positive trend in its financial health [1] Group 1 - The company continued to shrink its impaired loan portfolio during the third quarter [1] - Blackstone Mortgage Trust managed to support its dividend with earnings available for distribution [1] - The stabilization of its portfolio and income reflects effective management strategies [1]

Dynex Capital, Inc. ( DX ) primarily invest in agency mortgage-backed securities. It focuses exclusively on the secondary market rather than originations. Agency MBS is issued by Fannie Mae, Freddie Mac, and Ginnie Mae. It doesn't haveI focus on thematic investing, crisis investing, systematic options trading through both premium selling and long-vol positions, and discretionary global macro. I have experience with private M&A along with many years of publicly-traded equities and equity-based derivatives tr ...

Dynex Capital, Inc. ( DX ) primarily invest in agency mortgage-backed securities. It focuses exclusively on the secondary market rather than originations. Agency MBS is issued by Fannie Mae, Freddie Mac, and Ginnie Mae. It doesn't haveI focus on thematic investing, crisis investing, systematic options trading through both premium selling and long-vol positions, and discretionary global macro. I have experience with private M&A along with many years of publicly-traded equities and equity-based derivatives tr ...

Key Takeaways NLY reached a 52-week high of $22.80 during Wednesday's session before closing at $22.67.Lower mortgage rates and a scaled MSR platform are helping support NLY's portfolio stability.NLY trades above industry P/B levels, while market volatility may weigh on near-term performance.Annaly Capital Management, Inc. (NLY) shares touched a new 52-week high of $22.80 during Wednesday's trading session. However, the stock closed the session a little lower at $22.67.Over the past three months, NLY shares ...

Core Insights - The article emphasizes the importance of value investing, which focuses on identifying undervalued companies in the market [2] - Invesco Mortgage Capital (IVR) is highlighted as a strong value stock, currently holding a Zacks Rank of 2 (Buy) and an A for Value [4][8] Valuation Metrics - IVR has a Forward P/E ratio of 3.7, significantly lower than the industry's average of 7.95, indicating potential undervaluation [4] - The company's P/B ratio stands at 0.9, compared to the industry's average of 0.94, suggesting a solid valuation relative to its book value [5] - IVR's P/S ratio is 1.88, which is lower than the industry's average of 2.07, reinforcing the notion of undervaluation [6] - The P/CF ratio for IVR is 15.61, which is attractive compared to the industry's average of 17.51, indicating a favorable cash flow outlook [7] Investment Outlook - The combination of these valuation metrics suggests that Invesco Mortgage Capital is likely undervalued at present, making it an appealing option for value investors [8]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]