Granite Point Mortgage Trust Inc. Reports Second Quarter 2019 Financial Results and Activity Post Quarter-End
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: Business Wire
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) today announced its financial results for the quarter ended June 30, 2019 and provided an update on its activities subsequent to quarter-end. A presentation containing second quarter 2019 highlights and activity post quarter-end can be viewed at www.gpmortgagetrust.com.Second Quarter 2019 SummaryGAAP net income of $18.2 million or $0.34 per basic share; Core Earnings(1) of $19.4 million or $0.36 per basic share, based on 54.0 million wtd. avg. shares.Book value of $18.74 per common share; declared and paid a dividend of $0.42 per common share.Closed 10 senior commercial real estate loans with total commitments of $422.6 million having a weighted average stabilized LTV of 59%(2) and a weighted average yield of LIBOR + 3.74%(3); funded $416.0 million of principal balance of loans during the quarter (over $320 million in June), including $54.6 million on existing loan commitments, also upsized and funded 1 exis
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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