Debt ResolutionRecent Problem Loan Resolutions Provide a Clearer Path Forward.
Return PotentialGPMT shares could provide a substantial total return, including significant price appreciation and a robust cash yield.
Stock ValueGranite Point's shares present an attractive deep value opportunity.
Bears Say
Credit QualityAn increase in loans rated 5 within Granite Point Mortgage Trust's loan portfolio signals a rise in potential risk, which could impact financial stability.
Financial PerformanceGranite Point Mortgage Trust reported a distributable loss per share, raising questions about the company's ability to maintain its dividend payouts.
Stock ValuationThe stock's significant discount to book value suggests market skepticism about the near-term improvement in Granite Point Mortgage Trust's financial position.
What was Granite Point Mortgage’s price range in the past 12 months?
Granite Point Mortgage lowest stock price was €3.12 and its highest was €5.62 in the past 12 months.
What is Granite Point Mortgage’s market cap?
Currently, no data Available
When is Granite Point Mortgage’s upcoming earnings report date?
Granite Point Mortgage’s upcoming earnings report date is May 07, 2024 which is in 10 days.
How were Granite Point Mortgage’s earnings last quarter?
Granite Point Mortgage released its earnings results on Feb 14, 2024. The company reported -€0.486 earnings per share for the quarter, missing the consensus estimate of -€0.106 by -€0.379.
Granite Point Mortgage does not currently pay dividends.
What is Granite Point Mortgage’s EPS estimate?
Granite Point Mortgage’s EPS estimate is €0.02.
How many shares outstanding does Granite Point Mortgage have?
Currently, no data Available
What happened to Granite Point Mortgage’s price movement after its last earnings report?
Granite Point Mortgage reported an EPS of -€0.486 in its last earnings report, missing expectations of -€0.106. Following the earnings report the stock price went up 2.59%.
Which hedge fund is a major shareholder of Granite Point Mortgage?
Among the largest hedge funds holding Granite Point Mortgage’s share is Hotchkis & Wiley Capital Management LLC. It holds Granite Point Mortgage’s shares valued at 6M.
Granite Point Mortgage Trust, Inc. operates as a real estate investment trust. It focuses primarily on directly originating, investing in and managing senior commercial mortgage loans and other debt, such as commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.
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