Granite Point Mortgage Trust (GPMT) Expected to Announce 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 expected 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 Stock Performance

NYSE:GPMT traded down $0.02 during mid-day trading on Friday, reaching $2.54. The stock had a trading volume of 99,884 shares, compared to its average volume of 468,026. The firm has a market capitalization of $122.72 million, a price-to-earnings ratio of -0.82 and a beta of 1.71. Granite Point Mortgage Trust has a twelve month low of $1.61 and a twelve month high of $3.66. The business has a 50 day simple moving average of $2.53 and a 200 day simple moving average of $2.52.

Granite Point Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a $0.05 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.20 dividend on an annualized basis and a yield of 7.9%. Granite Point Mortgage Trust's dividend payout ratio (DPR) is presently -6.49%.

Insider Activity

In related news, Director Lazar Nikolic purchased 47,832 shares of Granite Point Mortgage Trust stock in a transaction dated Wednesday, May 21st. The stock was bought at an average cost of $2.50 per share, for a total transaction of $119,580.00. Following the transaction, the director owned 648,594 shares in the company, valued at approximately $1,621,485. The trade was a 7.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have purchased 55,953 shares of company stock worth $138,197. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Granite Point Mortgage Trust stock. MetLife Investment Management LLC increased its stake in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT - Free Report) by 68.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,334 shares of the company's stock after purchasing an additional 8,658 shares during the period. MetLife Investment Management LLC's holdings in Granite Point Mortgage Trust were worth $55,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 51.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of 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. Wall Street Zen upgraded shares of Granite Point Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, UBS Group reiterated a "buy" rating and set a $3.25 price target (up from $2.50) on shares of Granite Point Mortgage Trust in a research report on Wednesday, May 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.