Granite Point Mortgage Trust (GPMT) to Release Earnings on Tuesday

Key Points

• Granite Point Mortgage Trust (GPMT) is set to release its Q2 2025 earnings on Tuesday, August 5th, with expectations of posting earnings of ($0.85) per share and revenue of $8.73 million.
• The company announced a quarterly dividend of $0.05, representing a 7.66% annualized yield, with a dividend payout ratio currently at -6.49%.
• Institutional ownership has increased, with AQR Capital Management raising its stake by 473.4% during the first quarter and owning approximately 0.32% of the company post-expansion.

Granite Point Mortgage Trust (NYSE:GPMT - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Tuesday, August 5th. Analysts expect Granite Point Mortgage Trust to post earnings of ($0.85) per share and revenue of $8.73 million for the quarter.

Granite Point Mortgage Trust Trading Down 1.9%

NYSE GPMT opened at $2.61 on Tuesday. The business's 50-day moving average price is $2.52 and its two-hundred day moving average price is $2.52. Granite Point Mortgage Trust has a 12 month low of $1.61 and a 12 month high of $3.66. The firm has a market capitalization of $126.35 million, a PE ratio of -0.85 and a beta of 1.71.

Granite Point Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.66%. Granite Point Mortgage Trust's dividend payout ratio (DPR) is presently -6.49%.

Insider Activity at Granite Point Mortgage Trust

In other Granite Point Mortgage Trust news, Director Lazar Nikolic bought 47,832 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $2.50 per share, for a total transaction of $119,580.00. Following the transaction, the director directly owned 648,594 shares in the company, valued at approximately $1,621,485. This trade represents a 7.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders bought 55,953 shares of company stock worth $138,197. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Granite Point Mortgage Trust

An institutional investor recently raised its position in Granite Point Mortgage Trust stock. AQR Capital Management LLC increased its position in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT - Free Report) by 473.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,518 shares of the company's stock after buying an additional 129,222 shares during the quarter. AQR Capital Management LLC owned about 0.32% of Granite Point Mortgage Trust worth $407,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GPMT. Keefe, Bruyette & Woods upped their target price on Granite Point Mortgage Trust from $2.25 to $2.75 and gave the company a "market perform" rating in a research report on Thursday, July 10th. UBS Group restated a "buy" rating and set a $3.25 target price (up previously from $2.50) on shares of Granite Point Mortgage Trust in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded Granite Point Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st.

Granite Point Mortgage Trust Company Profile

Granite Point Mortgage Trust Inc, a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property.

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