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Stock impact report

Granite Point Mortgage Trust: Book Value Continues To Dip With Discount At 65% [Seeking Alpha]

Granite Point Mortgage Trust Inc. (GPMT) 
Last granite point mortgage trust inc. earnings: 3/2 04:56 pm Check Earnings Report
US:NYSE Investor Relations: investors.gpmortgagetrust.com
Company Research Source: Seeking Alpha
The mREIT saw its book value per share dip by 5 cents sequentially to $7.94 per share, with the common shares currently trading at a 65% discount to this figure. GPMT's Series A Preferreds have seen their discount to liquidation value per share narrow significantly since the spring and currently pay a fixed dividend yield of 8.86%. DenisTangneyJr/iStock via Getty Images Granite Point Mortgage Trust ( GPMT ) faces continued headwinds with its commercial real estate credit portfolio, with a truncated but not yet covered dividend yield offering a sweetener to its shareholders. The mREIT last declared a quarterly This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business rela Show less Read more
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