Shares of this company rallied up as high as $19.00 and seem to have found an artificial price ceiling there. The earnings call was seen favorably by most market participants with the stock easily outperforming peers 11/06/2018. Management commentary regarding a fourth-quarter earnings headwind makes it more difficult to see it smashing through that artificial ceiling. The current dividend level still looks solid, but growth may be slowed. Buy-and-hold investors are entering hold territory. Wait for dips to add. Traders can take gains and reallocate.
Granite Point Mortgage Trust (GPMT) has been on our radar since the IPO. It was our largest position for large parts of 2018. However, our rating is now neutral. The Q3 2018 earnings call was a significant factor in our decision to lower the rating. We provided a complete breakdown of Granite Point's Q3 2018 presentation.
Source: Seeking Alpha
Related Articles:
- 5 Dividend Stocks With A 20% Yield In 20 Years
- 4 Industrial Strength Dividend Growth Stocks With Yields In Excess Of 2.7%
- Finding Low Risk Dividend Stocks
- 10 Fun Facts That You Might Not Know About Microsoft
- 5 Dividend Stocks To Beat The Wall Street Giants
9.2% Dividend Yield With Earnings Growth Merits A Closer Look
Posted by D4L | Monday, January 14, 2019 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
The quick rise in interest rates over the past year turned investor sentiment toward REITs negative. Higher interest rates make it harder fo...
-
Indeed, with recession on the horizon, investors are increasingly emphasizing quality, safety and dividends in their portfolio selections. W...
-
Ultimately, dividend income and capital appreciation come out of one bucket. So focusing on total return, not just dividend yield, will help...
-
A great year for dividend growth stocks is one in which there are few dividend cuts and fewer companies that failed to raise their dividends...
-
Cash is king when you’re looking to add dividend stocks to your portfolio There’s ample reason for caution. In case you haven’t noticed, a l...
-
Countless people dream of being able to pay their bills with the cash they receive from their investments. But it doesn't have to be jus...
-
There's no time like the present to invest in dividend stocks. Doing so kicks off the process of receiving extra income in the form of d...
-
The Financial Services Sector includes insurance companies, banks, brokerages, mutual funds and other similar companies. Before the 2008-09 ...
-
Linked here is a detailed quantitative analysis of Union Pacific Corporation (UNP). Below are some highlights from the above linked analysis...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.