GPMT Declares Dividend of $0.05

Granite Point Mortgage Trust Inc. Dividend Announcement and Stock Analysis

Granite Point Mortgage Trust Inc. (NYSE:GPMT) recently announced a dividend of $0.05 per share, exciting news for shareholders. However, the company’s stock took a hit, trading down 1.6% on Wednesday. Despite the dividend announcement, Granite Point Mortgage Trust has some challenges ahead, with analysts predicting a negative earnings per share next year, raising concerns about the company’s ability to cover its dividend payments.

In addition to the stock movement, insider activity at Granite Point Mortgage Trust has also caught the attention of investors. Director Stephen G. Kasnet recently sold a significant number of shares, sparking interest in the company’s future prospects.

Wall Street analysts have weighed in on Granite Point Mortgage Trust, with varying opinions on the stock. While some have issued a “buy” rating, others have downgraded the stock to “underperform” or “market perform.”

Overall, Granite Point Mortgage Trust faces a mixed outlook, with potential challenges on the horizon. Investors will be closely watching how the company navigates these obstacles in the coming months.

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