Cominar REIT (OTCMKTS:CMLEF) and PennyMac Mortgage Investment Trust (NYSE:PMT) are both real estate companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, valuation, risk, dividends, profitability and analyst recommendations.
This table compares Cominar REIT and PennyMac Mortgage Investment Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|PennyMac Mortgage Investment Trust||43.52%||12.19%||2.22%|
Institutional & Insider Ownership
72.2% of PennyMac Mortgage Investment Trust shares are owned by institutional investors. 2.5% of PennyMac Mortgage Investment Trust shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
This is a breakdown of current ratings and recommmendations for Cominar REIT and PennyMac Mortgage Investment Trust, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|PennyMac Mortgage Investment Trust||0||2||3||0||2.60|
PennyMac Mortgage Investment Trust has a consensus price target of $21.40, suggesting a potential upside of 3.23%. Given PennyMac Mortgage Investment Trust’s higher probable upside, analysts clearly believe PennyMac Mortgage Investment Trust is more favorable than Cominar REIT.
Valuation & Earnings
This table compares Cominar REIT and PennyMac Mortgage Investment Trust’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|PennyMac Mortgage Investment Trust||$351.07 million||4.01||$152.80 million||$1.99||10.42|
PennyMac Mortgage Investment Trust has higher revenue and earnings than Cominar REIT.
PennyMac Mortgage Investment Trust pays an annual dividend of $1.88 per share and has a dividend yield of 9.1%. Cominar REIT does not pay a dividend. PennyMac Mortgage Investment Trust pays out 94.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
PennyMac Mortgage Investment Trust beats Cominar REIT on 9 of the 11 factors compared between the two stocks.
Cominar REIT Company Profile
Cominar is the second largest diversified real estate investment trust in Canada and is the largest commercial property owner in the Province of Québec. The REIT owns a real estate portfolio of 429 properties in three different market segments, that is, office properties, retail properties and industrial and flex properties. Cominar's portfolio totals 38.2 million square feet located in the Montreal, Québec City and Ottawa areas. Cominar's primary objectives are to maximize unit value through the proactive management of its properties.
PennyMac Mortgage Investment Trust Company Profile
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS). Its Credit Sensitive Strategies segment invests in credit risk transfer agreements, distressed mortgage loans, real estate acquired in settlement of mortgage loans, non-Agency subordinated bonds, and small balance commercial real estate mortgage loans. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS; and the related interest rate hedging activities. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. PennyMac Mortgage Investment Trust was founded in 2009 and is based in Westlake Village, California.
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