Granite Point Mortgage Trust (NYSE:GPMT – Get Free Report) is set to announce its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Granite Point Mortgage Trust Trading Down 5.1 %
Shares of GPMT opened at $2.81 on Friday. The firm has a market cap of $143.39 million, a PE ratio of -1.22 and a beta of 1.79. The company’s 50 day simple moving average is $3.02 and its 200-day simple moving average is $4.07. Granite Point Mortgage Trust has a 12-month low of $2.68 and a 12-month high of $6.41.
Granite Point Mortgage Trust Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.20 dividend on an annualized basis and a yield of 7.12%. Granite Point Mortgage Trust’s dividend payout ratio (DPR) is -8.66%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lowered their price objective on shares of Granite Point Mortgage Trust from $3.85 to $3.25 and set an “underperform” rating on the stock in a research report on Wednesday, July 10th.
View Our Latest Stock Report on GPMT
About Granite Point Mortgage Trust
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.
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