Granite Point Mortgage Trust Inc. Reports Challenging Q4 and Full Year 2023 Amid Market Uncertainty [Yahoo! Finance]
Granite Point Mortgage Trust Inc. (GPMT)
Last granite point mortgage trust inc. earnings: 3/2 04:56 pm
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Source: Yahoo! Finance
Distributable Loss : Generated a Distributable Loss of $(26.4) million for Q4 and $(17.0) million for the full year. Book Value : Book value per common share was $12.91 as of December 31, 2023. Dividends : Declared and paid a cash dividend of $0.20 per common share and $0.4375 per Series A preferred stock. Loan Portfolio Management : Realized $730.2 million in loan repayments and resolutions throughout 2023. Share Repurchase : Repurchased approximately 3.8% of common shares in 2023, enhancing shareholder value. Liquidity and Leverage : Ended Q4 with over $188 million in cash and a total leverage ratio of 2.1x. Warning! GuruFocus has detected 2 Warning Signs with GPMT. On February 14, 2024, Granite Point Mortgage Trust Inc ( NYSE:GPMT ) released its 8-K filing , disclosing its financial results for the fourth quarter and full year ending December 31, 2023. The company, which specializes in originating, investing in, and managing commercial mortgage loans and other commer
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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