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Stock impact report

Granite Point Mortgage: I'm Adding To My High-Yield Preferred Stock Position [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
GPMT's balance sheet has de-risked, with shrinking liabilities and assets, and a $375M common equity cushion above preferreds. The Series A preferred shares, GPMT.PR.A, offer an attractive yield, potentially resetting to 11.6% post-call date if SOFR remains elevated. I rate GPMT common shares a speculative buy and prefer the preferreds for their seniority and reset yield upside. Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » Kenishirotie/iStock via Getty Images Introduction Granite Point Mortgage Trust ( GPMT ) focuses on originating and investing in floating rate commercial mortgage loans. The company has gone through a difficult past few years, and in my recent articles on Granite Point, I More on my IG service Consider joining European Small-Cap Ideas to gain exclusive access to actionable research on appealing Europe-focused investment opportunities, and to the real-time chat function to discuss ideas Show less Read more
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