Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update [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
its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com "Our third quarter results are highlighted by multiple nonaccrual loan resolutions, produced by our active portfolio management strategy, and accretive share buybacks," said Jack Taylor, President and Chief Executive Officer of Granite Point. "This forward momentum has continued with over $280 million of nonaccrual loans that already have been or are expected to be resolved in the coming months. We will continue to reposition the business so as to return to our core lending strategy next year and benefit from the attractive investment opportunities that are beginning to emerge with the improving market conditions." Third Quarter 2024 Activity Recognized GAAP Net (Loss) of $(34.6) million, or $(0.69) per basic share, inclusive of a $(27.9) mill
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News
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target raised by analysts at UBS Group AG from $3.50 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target raised by analysts at Keefe, Bruyette & Woods from $2.75 to $3.00. They now have an "underperform" rating on the stock.MarketBeat
- Granite Point Mortgage Trust Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Granite Point Mortgage Trust Inc (GPMT) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]Yahoo! Finance
- Granite Point Mortgage Trust (GPMT) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
GPMT
Earnings
- 11/6/24 - Beat
GPMT
Analyst Actions
- 11/15/24 - UBS
GPMT
Sec Filings
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 10/31/24 - Form 8-K
- GPMT's page on the SEC website