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Granite Point Mortgage Trust Inc - GPMT STOCK NEWS

Welcome to our dedicated news page for Granite Point Mortgage Trust (Ticker: GPMT), a resource for investors and traders seeking the latest updates and insights on Granite Point Mortgage Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Granite Point Mortgage Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Granite Point Mortgage Trust's position in the market.

News
Granite Point Mortgage Trust Inc. Announces First Quarter 2024 Common and Preferred Stock Dividends
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (GPMT) announced a quarterly cash dividend of $0.15 per share for common stock and $0.4375 per share for Series A Preferred Stock for the first quarter of 2024. The dividend is payable on April 15, 2024. The Board considered factors like nonaccrual loans, leverage, real estate market trends, and interest rate expectations. The company aims for distributable earnings to cover the dividend, but near-term profitability may be impacted by nonaccrual loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
dividends earnings
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News
Granite Point Mortgage Trust Inc. Announces 2024 Annual Meeting of Stockholders
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (GPMT) announces its 2024 Annual Meeting of Stockholders to be held virtually on June 6, 2024. Stockholders can participate online and vote on key matters. The meeting aims to enhance accessibility for all stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
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none
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News
Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Post Quarter-End Update
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced its financial results for Q4 and full year 2023, highlighting prudent business management during challenging market conditions. The company saw over $725 million in loan repayments, reduced office exposure by 30%, and maintained leverage below target levels. GPMT also repurchased securities due to attractive value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.9%
Tags
earnings
News
Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (GPMT) will release financial results for the quarter and full year ended December 31, 2023, after market close on February 14, 2024. The Company will host a conference call to review the financial results on February 15, 2024, at 11:00 a.m. ET. Participants can join the teleconference by calling toll-free (877) 407-8031, or (201) 689-8031 for international callers. The call will also be available for playback and archived on the company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
Granite Point Mortgage Trust Inc. Announces 2023 Dividend Tax Information
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (NYSE: GPMT) has announced the tax treatment of common and preferred stock dividends declared in 2023. The company provided detailed information on the Federal income tax classification of its 2023 common and preferred stock distributions, including specific figures and dates. Stockholders are encouraged to consult with their tax advisors due to the individual nature of tax consequences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.71%
Tags
dividends
-
News
Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Common and Preferred Stock Dividends and Business Update
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (NYSE: GPMT) announced a quarterly cash dividend of $0.20 per share of common stock and $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the fourth quarter of 2023. The company also resolved a $93 million nonaccrual loan, repurchased 1 million shares of common stock, funded $15 million on existing loan commitments, and realized over $275 million in loan repayments, paydowns, and resolutions. The company carried over $190 million in unrestricted cash as of December 18th.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends earnings
News
Granite Point Mortgage Trust Inc. Reports Third Quarter 2023 Financial Results and Post Quarter-End Update
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (NYSE: GPMT) reported Q3 2023 financial results, including a GAAP Net Loss of $(24.5) million and a Book value per common share of $13.28. The company also provided an update on its activities subsequent to quarter-end, highlighting its strong liquidity and ongoing proactive resolutions of nonaccrual loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
earnings
-
News
Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Granite Point Mortgage Trust Inc. (NYSE: GPMT) will release financial results for Q3 2023 on November 7, 2023, with a conference call to review the results on November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.74%
Tags
earnings
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News
Granite Point Mortgage Trust Inc. Announces Third Quarter 2023 Common and Preferred Stock Dividends
Rhea-AI Summary
Granite Point Mortgage Trust Inc. declares quarterly cash dividends for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.12%
Tags
dividends earnings
News
Granite Point Mortgage Trust Inc. Reports Second Quarter 2023 Financial Results and Post Quarter-End Update
Rhea-AI Summary
Granite Point Mortgage Trust Inc. announces strong Q2 2023 financial results and provides update on activities. GPMT had Pre-loss Distributable Earnings of $0.20 per share, covering common stock dividend. Book value per common share is $13.93. Cash dividend of $0.20 per common share and $0.4375 per share of Series A preferred stock. Portfolio of $3.3 billion with 99% senior loans and 98% floating rate. Total CECL reserve of approx. $134.6 million. Acquired 100% ownership in a Phoenix office property. Extended maturities of financing facilities. Ended quarter with over $235 million in cash. Funded $9.7 million in Q3 and received $22.6 million in loan payoffs. Extended J.P. Morgan financing facility to July 2025. Carried over $225 million in unrestricted cash as of August 7th.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.62%
Tags
earnings
Stock GPMT logo
Granite Point Mortgage Trust Inc

NYSE:GPMT

GPMT Rankings

#3663 Ranked by Market Cap
#4640 Ranked by Stock Gains
#9 Ranked by Dividends

GPMT Stock Data

224.51M
49.49M
2.46%
55.1%
0.93%
Residential Property Managers
Real Estate and Rental and Leasing
Link
US
New York

About GPMT

granite point mortgage trust inc. is a maryland corporation that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. we are a long-term, fundamental value-oriented investor. we construct our investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification, and assess each investment from a fundamental value perspective relative to other opportunities available in the market. our primary target investments are directly originated floating-rate performing senior commercial real estate loans, typically with terms of three to five years, usually ranging in size from $25 million to $150 million. we typically provide intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans, including lease-up, renovation,