Granite Point Mortgage Trust (NYSE:GPMT - Get Free Report) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Granite Point Mortgage Trust to post earnings of ($0.99) per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.
Granite Point Mortgage Trust Stock Performance
GPMT stock traded up $0.04 during mid-day trading on Wednesday, hitting $3.00. The company had a trading volume of 291,948 shares, compared to its average volume of 426,892. Granite Point Mortgage Trust has a 12 month low of $2.46 and a 12 month high of $6.41. The stock's fifty day moving average price is $2.87 and its two-hundred day moving average price is $3.13. The firm has a market cap of $152.85 million, a PE ratio of -1.29 and a beta of 1.79.
Granite Point Mortgage Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.05 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.20 annualized dividend and a yield of 6.68%. Granite Point Mortgage Trust's payout ratio is -8.66%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods dropped their price target on Granite Point Mortgage Trust from $3.25 to $2.75 and set an "underperform" rating on the stock in a research report on Monday, August 12th.
Get Our Latest Stock Analysis on Granite Point Mortgage Trust
About Granite Point Mortgage Trust
(
Get Free Report)
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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