Real Estate -
REIT - Mortgage - NYSE - US
$ 2.97
1.37 %
$ 148 M
Market Cap
-0.77
P/E
1. INTRINSIC VALUE
Balance Sheet
Granite Point Mortgage Trust Inc.
| Current Assets | 201 M |
| Cash & Short-Term Investments | 188 M |
| Receivables | 12.4 M |
| Other Current Assets | 0 |
| Non-Current Assets | 2.65 B |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 2.65 B |
| Current Liabilities | 98.1 M |
| Accounts Payable | 0 |
| Short-Term Debt | 84 M |
| Other Current Liabilities | 14.1 M |
| Non-Current Liabilities | 1.72 B |
| Long-Term Debt | 992 M |
| Other Non-Current Liabilities | 729 M |
EFFICIENCY
Earnings Waterfall
Granite Point Mortgage Trust Inc.
| Revenue | 266 M |
| Cost Of Revenue | 11.3 M |
| Gross Profit | 255 M |
| Operating Expenses | 32 M |
| Operating Income | 122 M |
| Other Expenses | 185 M |
| Net Income | -63.2 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Granite Point Mortgage Trust Inc.
| Net Income | -63.2 M |
| Depreciation & Amortization | 3.49 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 6.98 M |
| Change in Working Capital | 60 K |
| Others | 104 M |
| Free Cash Flow | 52.1 M |
Wall Street Analysts Price Targets
Granite Point Mortgage Trust Inc.
Wall Street analysts predict an average 1-year price target for GPMT of $9.08 , with forecasts ranging from
a
low of
$3.5 to a high of $13.5 .
GPMT Lowest Price Target
Wall Street Target
3.5 USD
17.85%
GPMT Average Price Target
Wall Street Target
9.08 USD
205.84%
GPMT Highest Price Target
Wall Street Target
13.5 USD
354.55%
4. DIVIDEND
ANALYSIS
9.35%
DIVIDEND YIELD
0.05 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Granite Point Mortgage Trust Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
101 K USD 2
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
7 months ago
Jun 05, 2024
|
Sell 83.2 K
USD
|
KASNET STEPHEN G
Director
|
- 27027
|
3.077 USD |
|
7 months ago
Jun 05, 2024
|
Sell 17.8 K
USD
|
DEHNE TANUJA M
Director
|
- 5717
|
3.11 USD |
|
1 year ago
Nov 16, 2023
|
Bought
27.8 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 5500
|
5.06 USD |
|
1 year ago
Nov 15, 2023
|
Bought
25 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 4956.587
|
5.04 USD |
|
1 year ago
Nov 14, 2023
|
Bought
19.8 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 4000
|
4.96 USD |
|
1 year ago
Nov 13, 2023
|
Bought
23.2 K USD
|
URBASZEK MARCIN
Chief Financial Officer
|
+ 5000
|
4.64 USD |
|
1 year ago
Nov 10, 2023
|
Bought
46.1 K USD
|
URBASZEK MARCIN
Chief Financial Officer
|
+ 10000
|
4.61 USD |
|
3 years ago
Aug 13, 2021
|
Bought
99.2 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 7400
|
13.4105 USD |
|
3 years ago
Aug 20, 2021
|
Bought
109 K USD
|
SANDERS WILLIAM REID
Director
|
+ 8262
|
13.199 USD |
|
3 years ago
Aug 19, 2021
|
Bought
50.6 K USD
|
ALPART STEPHEN
Chief Investment Officer
|
+ 3900
|
12.97 USD |
|
3 years ago
Aug 12, 2021
|
Bought
26 K USD
|
SANDERS WILLIAM REID
Director
|
+ 2000
|
12.9858 USD |
|
3 years ago
Aug 12, 2021
|
Bought
103 K USD
|
PLUST STEVEN
Chief Operating Officer
|
+ 8000
|
12.9365 USD |
|
3 years ago
Aug 12, 2021
|
Bought
102 K USD
|
URBASZEK MARCIN
Chief Financial Officer
|
+ 8000
|
12.73 USD |
|
3 years ago
May 24, 2021
|
Bought
128 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 9000
|
14.21 USD |
|
4 years ago
Jun 23, 2020
|
Sell 99 K
USD
|
TAYLOR JOHN A
President and CEO
|
- 13806
|
7.1737 USD |
|
4 years ago
Jun 23, 2020
|
Sell 11 K
USD
|
Sandberg Rebecca B
Secretary
|
- 1532
|
7.1652 USD |
|
4 years ago
Jun 23, 2020
|
Sell 15.9 K
USD
|
URBASZEK MARCIN
Chief Financial Officer
|
- 2219
|
7.1732 USD |
|
4 years ago
Jun 23, 2020
|
Sell 21.3 K
USD
|
ALPART STEPHEN
Chief Investment Officer
|
- 2971
|
7.1757 USD |
|
4 years ago
Jun 23, 2020
|
Sell 21.3 K
USD
|
ALPART STEPHEN
Chief Investment Officer
|
- 2971
|
7.1757 USD |
|
4 years ago
Jan 30, 2020
|
Sell 36.9 K
USD
|
URBASZEK MARCIN
Chief Financial Officer
|
- 2003
|
18.44 USD |
|
4 years ago
Jan 29, 2020
|
Sell 42.9 K
USD
|
URBASZEK MARCIN
Chief Financial Officer
|
- 2334
|
18.36 USD |
|
4 years ago
Jan 30, 2020
|
Sell 200 K
USD
|
TAYLOR JOHN A
President and CEO
|
- 10853
|
18.4 USD |
|
4 years ago
Jan 29, 2020
|
Sell 220 K
USD
|
TAYLOR JOHN A
President and CEO
|
- 11971
|
18.36 USD |
|
4 years ago
Jan 30, 2020
|
Sell 7.9 K
USD
|
Sandberg Rebecca B
Secretary
|
- 429
|
18.41 USD |
|
4 years ago
Jan 29, 2020
|
Sell 9.9 K
USD
|
Sandberg Rebecca B
Secretary
|
- 537
|
18.44 USD |
|
4 years ago
Jan 30, 2020
|
Sell 21.3 K
USD
|
Karber Michael J.
General Counsel
|
- 1155
|
18.4 USD |
|
4 years ago
Jan 29, 2020
|
Sell 16.6 K
USD
|
Karber Michael J.
General Counsel
|
- 901
|
18.44 USD |
|
4 years ago
Jan 30, 2020
|
Sell 100 K
USD
|
ALPART STEPHEN
Chief Investment Officer
|
- 5443
|
18.4 USD |
|
4 years ago
Jan 29, 2020
|
Sell 115 K
USD
|
ALPART STEPHEN
Chief Investment Officer
|
- 6262
|
18.42 USD |
|
5 years ago
Aug 13, 2019
|
Bought
197 K USD
|
PLUST STEVEN
Chief Operating Officer
|
+ 10600
|
18.5588 USD |
|
5 years ago
Jun 24, 2019
|
Sell 275 K
USD
|
TAYLOR JOHN A
President and CEO
|
- 14555
|
18.9127 USD |
|
5 years ago
Jun 24, 2019
|
Sell 30.5 K
USD
|
Sandberg Rebecca B
General Counsel and Secretary
|
- 1610
|
18.9202 USD |
|
5 years ago
Jun 24, 2019
|
Sell 59.2 K
USD
|
ALPART STEPHEN
Chief Investment Officer
|
- 3128
|
18.9212 USD |
|
5 years ago
Jun 24, 2019
|
Sell 44.2 K
USD
|
URBASZEK MARCIN
Chief Financial Officer
|
- 2337
|
18.9174 USD |
|
5 years ago
Jan 30, 2019
|
Sell 8.26 K
USD
|
Sandberg Rebecca B
General Counsel and Secretary
|
- 424
|
19.4752 USD |
|
5 years ago
Jan 30, 2019
|
Sell 38.4 K
USD
|
URBASZEK MARCIN
Chief Financial Officer
|
- 1966
|
19.5522 USD |
|
5 years ago
Jan 30, 2019
|
Sell 38.4 K
USD
|
URBASZEK MARCIN
Chief Financial Officer
|
- 1966
|
19.5522 USD |
|
5 years ago
Jan 30, 2019
|
Sell 88.4 K
USD
|
PLUST STEVEN
Chief Operating Officer
|
- 4523
|
19.5546 USD |
|
5 years ago
Jan 30, 2019
|
Sell 108 K
USD
|
ALPART STEPHEN
Chief Investment Officer
|
- 5520
|
19.555 USD |
|
5 years ago
Jan 30, 2019
|
Sell 108 K
USD
|
ALPART STEPHEN
Chief Investment Officer
|
- 5520
|
19.555 USD |
|
5 years ago
Jan 30, 2019
|
Sell 209 K
USD
|
TAYLOR JOHN A
President and CEO
|
- 10734
|
19.4992 USD |
|
5 years ago
Jan 30, 2019
|
Sell 209 K
USD
|
TAYLOR JOHN A
President and CEO
|
- 10734
|
19.4992 USD |
|
6 years ago
Jun 25, 2018
|
Sell 27.6 K
USD
|
Sandberg Rebecca B
General Counsel and Secretary
|
- 1474
|
18.6943 USD |
|
6 years ago
May 22, 2018
|
Bought
72.6 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 4000
|
18.1517 USD |
|
6 years ago
May 24, 2018
|
Bought
51.4 K USD
|
ALPART STEPHEN
Chief Investment Officer
|
+ 2800
|
18.37 USD |
|
6 years ago
May 24, 2018
|
Bought
45.8 K USD
|
URBASZEK MARCIN
Chief Financial Officer
|
+ 2500
|
18.34 USD |
|
6 years ago
May 15, 2018
|
Bought
103 K USD
|
PLUST STEVEN
Chief Operating Officer
|
+ 5767
|
17.85 USD |
|
7 years ago
Nov 16, 2017
|
Bought
100 K USD
|
TAYLOR BRIAN
Director
|
+ 5600
|
17.8704 USD |
|
7 years ago
Nov 13, 2017
|
Bought
48.5 K USD
|
PLUST STEVEN
Chief Operating Officer
|
+ 2750
|
17.63 USD |
|
7 years ago
Nov 10, 2017
|
Bought
103 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 5800
|
17.744 USD |
|
7 years ago
Nov 10, 2017
|
Bought
51 K USD
|
ALPART STEPHEN
Chief Investment Officer
|
+ 2882
|
17.6998 USD |
|
7 years ago
Nov 13, 2017
|
Bought
262 K USD
|
SANDERS WILLIAM REID
Director
|
+ 15000
|
17.4853 USD |
|
7 years ago
Nov 10, 2017
|
Bought
106 K USD
|
SANDERS WILLIAM REID
Director
|
+ 6000
|
17.6787 USD |
|
7 years ago
Nov 09, 2017
|
Bought
177 K USD
|
SANDERS WILLIAM REID
Director
|
+ 10000
|
17.6746 USD |
|
7 years ago
Nov 10, 2017
|
Bought
43.7 K USD
|
ROTH WILLIAM
Director
|
+ 2500
|
17.495 USD |
|
7 years ago
Nov 09, 2017
|
Bought
132 K USD
|
ROTH WILLIAM
Director
|
+ 7500
|
17.5833 USD |
|
7 years ago
Nov 09, 2017
|
Bought
52.1 K USD
|
URBASZEK MARCIN
Chief Financial Officer
|
+ 3000
|
17.37 USD |
|
7 years ago
Oct 20, 2017
|
Bought
463 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
18.5006 USD |
|
7 years ago
Oct 19, 2017
|
Bought
466 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
18.6284 USD |
|
7 years ago
Oct 18, 2017
|
Bought
470 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
18.8059 USD |
|
7 years ago
Oct 17, 2017
|
Bought
89.9 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 4741
|
18.9573 USD |
|
7 years ago
Oct 16, 2017
|
Bought
87.1 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 4597
|
18.9559 USD |
|
7 years ago
Oct 13, 2017
|
Bought
65.8 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 3472
|
18.9598 USD |
|
7 years ago
Oct 12, 2017
|
Bought
273 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 14427
|
18.9434 USD |
|
7 years ago
Oct 11, 2017
|
Bought
195 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 10290
|
18.9479 USD |
|
7 years ago
Oct 10, 2017
|
Bought
16.8 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 884
|
18.96 USD |
|
7 years ago
Oct 09, 2017
|
Bought
90.8 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 4788
|
18.9587 USD |
|
7 years ago
Oct 06, 2017
|
Bought
17.1 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 900
|
18.96 USD |
|
7 years ago
Oct 03, 2017
|
Bought
155 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 8166
|
18.9295 USD |
|
7 years ago
Oct 02, 2017
|
Bought
320 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 16918
|
18.8966 USD |
|
7 years ago
Sep 29, 2017
|
Bought
470 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
18.7899 USD |
|
7 years ago
Sep 28, 2017
|
Bought
469 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
18.744 USD |
|
7 years ago
Sep 27, 2017
|
Bought
98.7 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 5210
|
18.9526 USD |
|
7 years ago
Sep 26, 2017
|
Bought
45.4 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 2395
|
18.95 USD |
|
7 years ago
Sep 25, 2017
|
Bought
6.77 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 357
|
18.96 USD |
|
7 years ago
Sep 22, 2017
|
Bought
1.9 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 100
|
18.96 USD |
|
7 years ago
Sep 21, 2017
|
Bought
105 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 5555
|
18.9561 USD |
|
7 years ago
Sep 20, 2017
|
Bought
470 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
18.8172 USD |
|
7 years ago
Sep 19, 2017
|
Bought
468 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
18.7107 USD |
|
7 years ago
Sep 18, 2017
|
Bought
445 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 23439
|
18.9963 USD |
|
7 years ago
Sep 15, 2017
|
Bought
476 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
19.054 USD |
|
7 years ago
Sep 08, 2017
|
Bought
158 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 8300
|
19.0494 USD |
|
7 years ago
Aug 30, 2017
|
Bought
200 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 10485
|
19.0505 USD |
|
7 years ago
Aug 29, 2017
|
Bought
46.3 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 2427
|
19.06 USD |
|
7 years ago
Aug 24, 2017
|
Bought
3.81 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 200
|
19.055 USD |
|
7 years ago
Aug 23, 2017
|
Bought
30.4 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 1594
|
19.0556 USD |
|
7 years ago
Aug 22, 2017
|
Bought
11.4 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 600
|
19.035 USD |
|
7 years ago
Aug 18, 2017
|
Bought
468 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 24488
|
19.1001 USD |
|
7 years ago
Aug 17, 2017
|
Bought
1.91 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 100
|
19.11 USD |
|
7 years ago
Aug 16, 2017
|
Bought
138 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 7200
|
19.0981 USD |
|
7 years ago
Aug 15, 2017
|
Bought
477 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
19.0902 USD |
|
7 years ago
Aug 10, 2017
|
Bought
192 K USD
|
SANDERS WILLIAM REID
Director
|
+ 10000
|
19.1611 USD |
|
7 years ago
Aug 11, 2017
|
Bought
65.7 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 3440
|
19.1014 USD |
|
7 years ago
Aug 10, 2017
|
Bought
282 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 14772
|
19.1027 USD |
|
7 years ago
Aug 09, 2017
|
Bought
477 K USD
|
TWO HARBORS INVESTMENT CORP.
10 percent owner
|
+ 25000
|
19.067 USD |
|
7 years ago
Jun 28, 2017
|
Bought
292 K USD
|
ROTH WILLIAM
Director
|
+ 15000
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
244 K USD
|
TAYLOR BRIAN
Director
|
+ 12500
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
97.5 K USD
|
SANDERS WILLIAM REID
Director
|
+ 5000
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
97.5 K USD
|
Woodhouse Hope B
Director
|
+ 5000
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
975 K USD
|
TAYLOR JOHN A
President and CEO
|
+ 50000
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
488 K USD
|
PLUST STEVEN
Chief Operating Officer
|
+ 25000
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
488 K USD
|
SIERING THOMAS
Director
|
+ 25000
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
19.5 K USD
|
DEHNE TANUJA
Director
|
+ 1000
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
501 K USD
|
ALPART STEPHEN
Chief Investment Officer
|
+ 25700
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
9.75 K USD
|
Sandberg Rebecca B
Gen. Coun.,VP and Secretary
|
+ 500
|
19.5 USD |
|
7 years ago
Jun 28, 2017
|
Bought
97.5 K USD
|
URBASZEK MARCIN
Chief Financial Officer
|
+ 5000
|
19.5 USD |
7. News
Granite Point Mortgage Trust Inc. Announces COO Transition
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces COO Transition.
businesswire.com
- 1 week ago
Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update.
businesswire.com
- 1 month ago
Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Granite Point Mortgage Trust's common equity is down 36% in 2024, trading at a 65% discount to book value due to office property loan exposure. The mREIT's third-quarter book value dipped by 59 cents per share, with a $0.55 per share provision for credit loss and increased share repurchase authorization. GPMT's liquidity improved with $113.46 million in cash and cash equivalents, driven by substantial loan repayments and a focus on reducing office property exposure.
seekingalpha.com
- 2 months ago
Granite Point Mortgage Trust Inc. (GPMT) Q3 2024 Earnings Call Transcript
Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Petta - Investor Relations Jack Taylor - President and Chief Executive Officer Steve Alpart - Chief Investment Officer and Co-Head-Originations Marcin Urbaszek - Chief Financial Officer Conference Call Participants Steve DeLaney - Citizens JMP Douglas Harter - UBS Jade Rahmani - KBW Operator Good morning. My name is Christine and I will be your conference facilitator.
seekingalpha.com
- 2 months ago
Granite Point Mortgage Trust (GPMT) Reports Q3 Loss, Tops Revenue Estimates
Granite Point Mortgage Trust (GPMT) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.96. This compares to earnings of $0.18 per share a year ago.
zacks.com
- 2 months ago
Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update.
businesswire.com
- 2 months ago
Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call.
businesswire.com
- 2 months ago
3 Real Estate Stocks to Buy on Increasing Mortgage Rates
Sino Land (SNLAY), Two Harbors (TWO) and Grantite Point (GPMT) are three real estate stocks to look into as mortgage rates continue to rise despite Fed rate cuts.
zacks.com
- 3 months ago
3 Shares Yielding Over 9%
We've got three shares where big yields are offset by one flaw or another. I recently closed out my position in one of these shares for a gain of more than 40%. Great choice about 17 months ago. Not as great today. I'll include an alternative from my portfolio that still offers an attractive yield for investors.
seekingalpha.com
- 3 months ago
Animal Spirits Awaken
U.S. equity markets gained for a third-straight week while short-term interest rates declined to two-year lows as "Goldilocks" economic data provided a backdrop of support for dovish Fed policy. Following combined gains of 5% over the prior two weeks, the S&P 500 gained another 0.6% this week, notching another series of all-time highs. Real estate equities - the most "Fed sensitive" market segment - underperformed for a second week following a significant two-month rally heading into the Fed's rate cut announcement.
seekingalpha.com
- 3 months ago
5 Shares Yielding 8% To 11%
We've got 5 shares in here plus a bonus. It's like 6, but easier to click. Some of these deals look better than others. Ex-dividend dates are coming up pretty soon for a few of them.
seekingalpha.com
- 3 months ago
Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update.
businesswire.com
- 4 months ago
8. Profile
Summary
Granite Point Mortgage Trust Inc. GPMT
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 148 M
Dividend Yield
9.35%
Description
Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.
Contact
3 Bryant Park, New York, NY, 10036
https://www.gpmtreit.com
IPO
Date
June 26, 2017
Employees
36
Officers
Mr. Peter M. Morral
Vice President, Chief Development Officer & Co-Head of Originations
Mr. Stephen Alpart
Vice President, Chief Investment Officer & Co-Head of Originations
Mr. Blake Johnson
Vice President, Chief Financial Officer & Treasurer
Mr. Steven Plust
Vice President & Chief Operating Officer
Mr. Chris Petta
Investor Relations Officer
Mr. Michael J. Karber J.D.
Vice President, General Counsel, Secretary & Chief Compliance Officer
Mr. John A. Taylor J.D.
President, Chief Executive Officer & Director