Is Granite Point Mortgage stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, Granite Point Mortgage pays dividends. Last time was Tuesday 15th of October 2024 where the investors holding the stock on Tuesday 1st of October 2024 were paid $0.05 per share. Over the last 27 times between 2017 and 2024, Granite Point Mortgage has paid $7.65 with an average of $0.28 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Granite Point Mortgage 10 years ago, but if you had invested on Friday 22nd of November 2019 when the price was $18.01, you would have made a loss of $-14.54 per share or -80.73%
Yes, the average daily trading liquidity for Granite Point Mortgage is $392 165 thousand. You should therefore be able to get in and out of your positions relatively fast.
Granite Point Mortgage has no real debt, which is good in periods of high inflation. With a normal cash flow to debt ratio of 0.20, the company's ability to pay off the debt is normal. The company is still not profitable, and high inflation will make it harder to become profitable as costs increase and consumer spending decreases.
We have calculated the inflation risk for Granite Point Mortgage to be medium [0.55 of 1]
US inflation for August 2024 was 0.19%. Over the last 12 months, the US inflation is 2.59%. The 10-year treasury yield that indicates the future interest level is currently 4.41 and is up 0.05 over the last 30 days.