Is Granite Point Mortgage stock a buy?

Yes, Granite Point Mortgage pays dividends. Last time was Monday 15th of July 2024 where the investors holding the stock on Monday 1st of July 2024 were paid $0.4375 per share. Over the last 11 times between 2021 and 2024, Granite Point Mortgage has paid $4.52596 with an average of $0.41 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 Wednesday 24th of November 2021 when the price was $25.00, you would have made a loss of $-9.18 per share or -36.72%

No, the average daily trading liquidity for Granite Point Mortgage is $15 963 thousand. Trading in stocks with this little trading liquidity is very dangerous, and you can get into a situation where it will be hard to trade your stocks. In addition, these types of stocks usually have very high volatility.

Granite Point Mortgage has much of the business financed by loans. This puts the company at high risk in periods of high inflation where borrowing costs usually go up. With a low cash flow to debt ratio of 0.02, the company's ability to pay off the debt is limited. 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 high [1 of 1]

US inflation for July 2024 was 0.15%. Over the last 12 months, the US inflation is 2.92%. The 10-year treasury yield that indicates the future interest level is currently 3.72 and is down -0.95 over the last 30 days.