Granite Point Mortgage Trust’s GPMT.PRA Preferred Shares Surpass 10.5% Yield

On Thursday, Granite Point Mortgage Trust Inc.’s 7.0% Series A Fixed/Float Cumulative Preferred Stock (symbol: GPMT.PRA) posted a yield exceeding 10.5%, based on a quarterly dividend annualized at $1.75. The shares touched a low of $16.12 during the session. This performance sits below the REITs preferred‑stock average yield of 13.88%, according to Preferred Stock Channel. Additionally, GPMT.PRA was trading at a 33.04% discount to its liquidation preference, compared with the category average discount of 32.14%.

The chart below illustrates the one‑year performance of GPMT.PRA relative to the parent common stock (GPMT):

A historical dividend‑payment chart for GPMT.PRA is shown below, highlighting the payout track record of the 7.0% Series A Fixed/Float Cumulative Preferred Stock:

In recent Thursday trading, the preferred share (GPMT.PRA) is down approximately 3.7% for the day, while the common shares (GPMT) are off about 1.8%.

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