Granite Point Mortgage Trust Inc.

GPMT

US38741L1070

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-24 pm EDT			5-day change	1st Jan Change
4.44 ^USD	-0.67%		+3.74%	-25.25%

Mar. 20	UBS Trims Granite Point Mortgage Trust Price Target to $6 From $6.50, Maintains Buy Rating	MT
Mar. 15	Granite Point Mortgage Trust's Dividend Cut Reflects Impact of Rising Non-Accrual Assets, UBS Says	MT

Granite Point Mortgage Trust Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022

May 10, 2022 at 05:15 pm EDT

Granite Point Mortgage Trust Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net income was USD 4.64 million compared to USD 27.99 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.45 a year ago.

Latest news about Granite Point Mortgage Trust Inc.

UBS Trims Granite Point Mortgage Trust Price Target to $6 From $6.50, Maintains Buy Rating	Mar. 20	MT
Granite Point Mortgage Trust's Dividend Cut Reflects Impact of Rising Non-Accrual Assets, UBS Says	Mar. 15	MT
Granite Point Mortgage Trust Cuts Quarterly Dividend to $0.15 a Share, Payable April 15 to Holders of Record April 1	Mar. 14	MT
Granite Point Mortgage Trust Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on April 15, 2024	Mar. 14	CI
JMP Securities Downgrades Granite Point Mortgage Trust to Market Perform From Market Outperform	Feb. 20	MT
Raymond James Cuts Price Target on Granite Point Mortgage Trust to $6.50 From $7, Keeps Outperform Rating	Feb. 16	MT
Transcript : Granite Point Mortgage Trust Inc., Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 14	CI
Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Cash Dividend on Common Stock Payable on January 16, 2024	Dec. 19	CI
UBS Initiates Coverage on Granite Point Mortgage Trust With Buy Rating, $6.50 Price Target	Dec. 06	MT
Transcript : Granite Point Mortgage Trust Inc., Q3 2023 Earnings Call, Nov 08, 2023	Nov. 08
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	Nov. 07	CI
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 07	CI
Granite Point Mortgage Trust Keeps Dividend at $0.20 per Share; Payable Oct. 16 to Shareholders of Record on Oct. 2	23-09-20	MT
Granite Point Mortgage Trust Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on October 16, 2023	23-09-20	CI
Transcript : Granite Point Mortgage Trust Inc., Q2 2023 Earnings Call, Aug 09, 2023	23-08-09
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	23-08-08	CI
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-08	CI
Granite Point Mortgage Trust Maintains Dividend at $0.20 per Share; Payable July 17 to Shareholders of Record on July 3	23-06-23	MT
Granite Point Mortgage Trust Inc.(NYSE:GPMT) dropped from Russell 2000 Value-Defensive Index	23-06-23	CI
Granite Point Mortgage Trust Inc.(NYSE:GPMT) dropped from Russell 2000 Defensive Index	23-06-23	CI
Granite Point Mortgage Trust Inc. Announces Second Quarter 2023 Common Stock Dividend, Payable on July 17, 2023	23-06-22	CI
Raymond James Adjusts Price Target on Granite Point Mortgage Trust to $7 From $9, Maintains Outperform Rating	23-05-12	MT
Transcript : Granite Point Mortgage Trust Inc., Q1 2023 Earnings Call, May 10, 2023	23-05-10
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	23-05-09	CI

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Company Profile

Granite Point Mortgage Trust Inc. is an internally managed real estate finance company. The Company focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Its investment objective is to preserve its stockholder's capital while generating attractive risk-adjusted returns over the long term, primarily through dividends derived from current income produced by its investment portfolio. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans. It may also directly originate and invest in mezzanine loans, subordinated mortgage interests and other real estate securities, and may also invest in preferred equity investments and other investments. The Company's loan portfolio consisted of approximately 73 commercial real estate loan investments.

Sector

Specialized REITs

Calendar

2024-05-06 - Q1 2024 Earnings Release

Related indices

Russell 2000

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Ratings for Granite Point Mortgage Trust Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.44 USD

Average target price

5.5 USD

Spread / Average Target

+23.87%

Consensus

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Estimates Revisions

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Company calendar

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