Granite Point Mortgage Trust Inc. Aktie News

Granite Point Mortgage Trust reduced its quarterly cash dividend by 25% to $0.15 per share. The mREIT saw its book value decline by 13.7% sequentially following an increase in provision for credit losses of $75.6 million. I still own a significant position in the 10.5% yielding preferreds against $155 million in unrestricted cash as of the end of the first quarter.

Quick takes on 7 mortgage REITs and 3 equity REITs.

Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Chris Petta – Investor Relations Jack Taylor – President and Chief Executive Officer Steve Alpart – Chief Investment Officer and Co-Head-Originations Marcin Urbaszek – Chief Financial Officer Conference Call Participants Stephen Laws – Raymond James Doug Harter – UBS Stev...

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports First Quarter 2024 Financial Results and Post Quarter-End Update.

This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell. These are the REITs that are facing the greatest challenges from the two major factors affecting the sector.

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call.

Most of these shares are either floating today or will float within a year. We're also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We're also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.

CVR Partners, LP (NYSE: UAN) manufactures and supplies nitrogen fertilizer products like ammonia and urea ammonium nitrate for agricultural and industrial uses.