Granite Point Mortgage Trust Inc.

GPMT

US38741L1070

Specialized REITs

Delayed Nyse Other stock markets 09:37:30 17/05/2024 pm IST			5-day change	1st Jan Change
3.399 ^USD	+2.07%		-6.87%	-42.93%

08/05	Sector Update: Financial Stocks Advance Late Afternoon	MT
08/05	Granite Point Shares Decline as Q1 Loss Widens	MT

Granite Point Mortgage Trust Inc. announces an Increase in Equity Buyback.

May 09, 2023

On May 9, 2023, the company announced an increase in its equity buyback plan. The company increased its authorization by an additional 5,000,000 shares, thereby increasing the total plan term number of share authorization to 9,000,000 shares.

Latest news about Granite Point Mortgage Trust Inc.

Sector Update: Financial Stocks Advance Late Afternoon	09/05	MT
Granite Point Shares Decline as Q1 Loss Widens	09/05	MT
Transcript : Granite Point Mortgage Trust Inc., Q1 2024 Earnings Call, May 08, 2024	08/05
Granite Point Mortgage Trust Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	08/05	CI
UBS Trims Granite Point Mortgage Trust Price Target to $6 From $6.50, Maintains Buy Rating	20/03	MT
Granite Point Mortgage Trust's Dividend Cut Reflects Impact of Rising Non-Accrual Assets, UBS Says	16/03	MT
Granite Point Mortgage Trust Cuts Quarterly Dividend to $0.15 a Share, Payable April 15 to Holders of Record April 1	15/03	MT
Granite Point Mortgage Trust Inc. Declares Cash Dividend for the First Quarter of 2024, Payable on April 15, 2024	15/03	CI
JMP Securities Downgrades Granite Point Mortgage Trust to Market Perform From Market Outperform	20/02	MT
Raymond James Cuts Price Target on Granite Point Mortgage Trust to $6.50 From $7, Keeps Outperform Rating	16/02	MT
Transcript : Granite Point Mortgage Trust Inc., Q4 2023 Earnings Call, Feb 15, 2024	15/02
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	15/02	CI
Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Cash Dividend on Common Stock Payable on January 16, 2024	20/12	CI
UBS Initiates Coverage on Granite Point Mortgage Trust With Buy Rating, $6.50 Price Target	06/12	MT
Transcript : Granite Point Mortgage Trust Inc., Q3 2023 Earnings Call, Nov 08, 2023	08/11
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	08/11	CI
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	08/11	CI
Granite Point Mortgage Trust Keeps Dividend at $0.20 per Share; Payable Oct. 16 to Shareholders of Record on Oct. 2	21/23/21	MT
Granite Point Mortgage Trust Inc. Declares Cash Dividend for the Third Quarter of 2023, Payable on October 16, 2023	21/23/21	CI
Transcript : Granite Point Mortgage Trust Inc., Q2 2023 Earnings Call, Aug 09, 2023	09/23/09
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	09/23/09	CI
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	09/23/09	CI
Granite Point Mortgage Trust Maintains Dividend at $0.20 per Share; Payable July 17 to Shareholders of Record on July 3	23/23/23	MT
Granite Point Mortgage Trust Inc.(NYSE:GPMT) dropped from Russell 2000 Value-Defensive Index	23/23/23	CI
Granite Point Mortgage Trust Inc.(NYSE:GPMT) dropped from Russell 2000 Defensive Index	23/23/23	CI

Chart Granite Point Mortgage Trust Inc.

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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

06/06/2024 - Annual General Meeting

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

3.33 USD

Average target price

5.117 USD

Spread / Average Target

+53.65%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

Sector Mortgage REITs

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LADDER CAPITAL CORP	+0.04%	145.92Cr
APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.	-11.54%	145.66Cr

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