Ladder Capital: Cash Is King [Seeking Alpha]
Granite Point Mortgage Trust Inc. (GPMT)
Last granite point mortgage trust inc. earnings: 3/2 04:56 pm
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US:NYSE Investor Relations:
investors.gpmortgagetrust.com
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Source: Seeking Alpha
Granite Point Mortgage is paying out more in dividends than it earns, making its high yield of 15.4% unsustainable. Ladder Capital Corp. stands out as the commercial mREIT with the lowest payout ratio, lowest average loan size, and potential for a 30% return over the next 12 months. Looking for more investing ideas like this one? Get them exclusively at iREIT® on Alpha. Learn More » As you can see below, there are some very attractive dividend yields within the commercial mortgage real estate investment trust, or mREIT, sector right now. But wait. Didn't we see one of these players announcing a dividend cut last week? That's right, KKR Real Estate Finance Trust Inc. KREF ) said it was slicing its dividend by 42%, from $.43 per share to $.25 per share. Keep in mind that KREF has 41% exposure to multifamily and 25% exposure to office and the company's average loan size is $124 million. And in the latest quarter the company took back an office property in Philadelphia ($
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GPMT
News
- Positive Signs As Multiple Insiders Buy Granite Point Mortgage Trust Stock [Yahoo! Finance]Yahoo! Finance
- Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $5.00 to $4.75. They now have an "underperform" rating on the stock.MarketBeat
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target lowered by analysts at UBS Group AG from $6.50 to $6.00. They now have a "buy" rating on the stock.MarketBeat
GPMT
Earnings
- 2/14/24 - Beat
GPMT
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- GPMT's page on the SEC website