Granite Point Mortgage Trust Inc. (GPMT) Social Stream

Granite Point Mortgage Trust Inc. (GPMT)

Today's Latest Price: $5.70 USD

0.46 (-7.47%)

Updated Sep 23 4:00pm

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Overall POWR Rating

POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 31 in REITs - Mortgage

See all "A" rated Strong Buy stocks

Featured Post From StockTwits About GPMT

$GPMT 9/18-9/20 has been their historical Q3 dividend declaration timeline (so call it 9/21 for this year given the weekend). I still think a Q3 dividend would be a surprise. Most importantly is holding even if they don't declare as we could see a significant catalyst in a financing update before Q3 earnings and/or the annual dividend in December. If you didn't get in around the basement of $6-$6.20, there is still time. This can jump quickly to $9-$10 before EOY and then slowly up to $12+ after in Q1-Q2. You may be able to buy in again in the low $6s if no dividend is announced and it bleeds back down, but why take that risk? Hold and check back in 2 months.
TylerRollStocks, published September 22, 2020

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