NYSE:GPMT Granite Point Mortgage Trust (GPMT) Stock Price, News & Analysis → “Crash Insurance” For Your Retirement (From Unstoppable Prosperity) (Ad) Free GPMT Stock Alerts $3.64 -0.11 (-2.94%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$3.62▼$3.7750-Day Range$3.74▼$4.9352-Week Range$3.49▼$6.41Volume853,977 shsAverage Volume414,287 shsMarket Capitalization$184.63 millionP/E RatioN/ADividend Yield16.51%Price Target$6.56 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Granite Point Mortgage Trust alerts: Email Address Granite Point Mortgage Trust MarketRank™ Stock AnalysisAnalyst RatingHold2.25 Rating ScoreUpside/Downside80.3% Upside$6.56 Price TargetShort InterestHealthy0.93% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.29Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth77.78%From $0.27 to $0.48 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.90 out of 5 starsFinance Sector325th out of 876 stocksReal Estate Investment Trusts Industry61st out of 182 stocks 3.1 Analyst's Opinion Consensus RatingGranite Point Mortgage Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.Amount of Analyst CoverageGranite Point Mortgage Trust has only been the subject of 4 research reports in the past 90 days.Read more about Granite Point Mortgage Trust's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.93% of the float of Granite Point Mortgage Trust has been sold short.Short Interest Ratio / Days to CoverGranite Point Mortgage Trust has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Granite Point Mortgage Trust has recently decreased by 9.41%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGranite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 13.57%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Point Mortgage Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 125.00% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend.Read more about Granite Point Mortgage Trust's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GPMT. Previous Next 2.4 News and Social Media Coverage News SentimentGranite Point Mortgage Trust has a news sentiment score of 0.29. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Granite Point Mortgage Trust this week, compared to 1 article on an average week.Search Interest12 people have searched for GPMT on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Point Mortgage Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.90% of the stock of Granite Point Mortgage Trust is held by insiders.Percentage Held by Institutions51.63% of the stock of Granite Point Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Granite Point Mortgage Trust's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to grow by 77.78% in the coming year, from $0.27 to $0.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is -2.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Point Mortgage Trust is -2.43, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGranite Point Mortgage Trust has a P/B Ratio of 0.22. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Granite Point Mortgage Trust's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeGold Set to EXPLODE!Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.Click here now to download the free Precious Metals Buying Guide! About Granite Point Mortgage Trust Stock (NYSE:GPMT)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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2015 and is headquartered in New York, New York.Read More GPMT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GPMT Stock News HeadlinesMay 9, 2024 | morningstar.comGranite Point Mortgage Trust IncMay 9, 2024 | finance.yahoo.comQ1 2024 Granite Point Mortgage Trust Inc Earnings CallMay 10, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.May 9, 2024 | finance.yahoo.comGranite Point Mortgage Trust Inc (GPMT) Q1 2024 Earnings Call Transcript Highlights: Navigating ...May 9, 2024 | finance.yahoo.comGranite Point Mortgage Trust First Quarter 2024 Earnings: Misses ExpectationsMay 8, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Real Estate Stocks: Granite Point Mortgage (GPMT) and Chicago Atlantic Real Estate ate Finance Inc (REFI)May 7, 2024 | finance.yahoo.comGranite Point Mortgage Trust Inc. Faces Challenges Amidst Market VolatilityMay 7, 2024 | businesswire.comGranite Point Mortgage Trust Inc. Reports First Quarter 2024 Financial Results and Post Quarter-End UpdateMay 10, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.May 7, 2024 | markets.businessinsider.comHere's what Wall Street expects from Granite Point Mortgage Trust's earningsMay 6, 2024 | investorplace.com7 REITs to Sell in May Before They Crash and BurnMay 5, 2024 | americanbankingnews.comGranite Point Mortgage Trust (GPMT) to Release Earnings on TuesdayMay 1, 2024 | seekingalpha.comDon't Get Duped By These 'Sucker Yields'April 30, 2024 | bizjournals.comDowntown Phoenix tower hits the market for $24 millionApril 24, 2024 | finance.yahoo.comPositive Signs As Multiple Insiders Buy Granite Point Mortgage Trust StockApril 23, 2024 | businesswire.comGranite Point Mortgage Trust Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference CallApril 17, 2024 | msn.comGranite Point Mortgage Trust (GPMT) Price Target Decreased by 7.14% to 5.53March 23, 2024 | investorplace.comWall Street's Favorite Penny Stocks? 7 Names That Could Make You Filthy RichMarch 16, 2024 | 247wallst.comWant $20,000 In Passive Income? Invest $50,000 Into These 3 Dividend StocksMarch 14, 2024 | msn.comGranite Point Mortgage Trust cut dividend by -25% to $0.15/shareMarch 14, 2024 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces First Quarter 2024 Common and Preferred Stock DividendsMarch 5, 2024 | businesswire.comGranite Point Mortgage Trust Inc. Announces 2024 Annual Meeting of StockholdersFebruary 21, 2024 | msn.comJMP Securities Downgrades Granite Point Mortgage Trust (GPMT)February 20, 2024 | msn.comGranite Point Mortgage downgraded as JMP points to weak Q4 resultsFebruary 18, 2024 | seekingalpha.comArbor Realty: Oversold By Bears, 12.3% Dividend Yield, I'm BuyingFebruary 16, 2024 | finance.yahoo.comQ4 2023 Granite Point Mortgage Trust Inc Earnings CallFebruary 14, 2024 | msn.comGranite Point Mortgage Trust GAAP EPS of -$0.33 misses by $0.39, Net interest income of $17.33M misses by $2.74MSee More Headlines Receive GPMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Point Mortgage Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/24/2023Ex-Dividend for 4/15 Dividend3/28/2024Dividend Payable4/15/2024Today5/10/2024Next Earnings (Estimated)8/13/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:GPMT Previous SymbolNASDAQ:GPMT CUSIPN/A CIK1703644 Webwww.gpmortgagetrust.com Phone(212) 364-5500FaxN/AEmployees36Year FoundedN/APrice Target and Rating Average Stock Price Target$6.56 High Stock Price Target$9.00 Low Stock Price Target$4.75 Potential Upside/Downside+80.5%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($1.50) Trailing P/E RatioN/A Forward P/E Ratio13.46 P/E GrowthN/ANet Income$-63,200,000.00 Net Margins-23.49% Pretax Margin-76.96% Return on Equity4.10% Return on Assets1.16% Debt Debt-to-Equity Ratio1.25 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$79.44 million Price / Sales2.32 Cash Flow$0.77 per share Price / Cash Flow4.74 Book Value$16.65 per share Price / Book0.22Miscellaneous Outstanding Shares50,793,000Free Float49,828,000Market Cap$184.63 million OptionableOptionable Beta1.80 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. John A. Taylor J.D. (Age 68)President, CEO & Director Comp: $1.51MMr. Marcin Urbaszek C.F.A. (Age 48)VP, CFO, Head of IR & Treasurer Comp: $779.15kMr. Steven Plust (Age 65)VP & COO Comp: $834.15kMr. Stephen Alpart (Age 60)VP, Chief Investment Officer & Co-Head of Originations Comp: $834.15kMr. Peter M. Morral (Age 56)VP, Chief Development Officer & Co-Head of Originations Comp: $834.15kMr. Michael J. Karber (Age 44)VP, General Counsel & Secretary Mr. Chris PettaInvestor Relations OfficerMore ExecutivesKey CompetitorsAlpine Income Property TrustNYSE:PINENexPoint Real Estate FinanceNYSE:NREFFranklin Street PropertiesNYSE:FSPAG Mortgage Investment TrustNYSE:MITTCity Office REITNYSE:CIOView All CompetitorsInsiders & InstitutionsCamelot Portfolios LLCSold 122,304 shares on 5/9/2024Ownership: 0.473%SG Americas Securities LLCSold 9,955 shares on 5/7/2024Ownership: 0.035%GSA Capital Partners LLPBought 69,741 shares on 5/3/2024Ownership: 0.184%Moloney Securities Asset Management LLCBought 10,000 shares on 5/2/2024Ownership: 0.079%BNP Paribas Financial MarketsBought 8,490 shares on 5/1/2024Ownership: 0.064%View All Insider TransactionsView All Institutional Transactions GPMT Stock Analysis - Frequently Asked Questions Should I buy or sell Granite Point Mortgage Trust stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GPMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GPMT, but not buy additional shares or sell existing shares. View GPMT analyst ratings or view top-rated stocks. What is Granite Point Mortgage Trust's stock price target for 2024? 4 equities research analysts have issued 1 year price targets for Granite Point Mortgage Trust's stock. Their GPMT share price targets range from $4.75 to $9.00. On average, they anticipate the company's share price to reach $6.56 in the next year. This suggests a possible upside of 80.3% from the stock's current price. View analysts price targets for GPMT or view top-rated stocks among Wall Street analysts. How have GPMT shares performed in 2024? Granite Point Mortgage Trust's stock was trading at $5.94 on January 1st, 2024. Since then, GPMT shares have decreased by 38.7% and is now trading at $3.64. View the best growth stocks for 2024 here. Are investors shorting Granite Point Mortgage Trust? Granite Point Mortgage Trust saw a decline in short interest in April. As of April 30th, there was short interest totaling 462,300 shares, a decline of 9.4% from the April 15th total of 510,300 shares. Based on an average trading volume of 427,900 shares, the short-interest ratio is currently 1.1 days. Currently, 0.9% of the company's stock are sold short. View Granite Point Mortgage Trust's Short Interest. When is Granite Point Mortgage Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our GPMT earnings forecast. How were Granite Point Mortgage Trust's earnings last quarter? Granite Point Mortgage Trust Inc. (NYSE:GPMT) issued its quarterly earnings results on Friday, February, 24th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.35. The firm had revenue of $61.42 million for the quarter, compared to the consensus estimate of $19.40 million. Granite Point Mortgage Trust had a negative net margin of 23.49% and a positive trailing twelve-month return on equity of 4.10%. How often does Granite Point Mortgage Trust pay dividends? What is the dividend yield for Granite Point Mortgage Trust? Granite Point Mortgage Trust announced a quarterly dividend on Thursday, March 14th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.15 per share on Monday, April 15th. This represents a $0.60 annualized dividend and a yield of 16.48%. The ex-dividend date of this dividend is Thursday, March 28th. Read our dividend analysis for GPMT. Is Granite Point Mortgage Trust a good dividend stock? Granite Point Mortgage Trust (NYSE:GPMT) pays an annual dividend of $0.60 per share and currently has a dividend yield of 13.57%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for GPMT. What ETF holds Granite Point Mortgage Trust's stock? iShares Mortgage Real Estate ETF holds 761,318 shares of GPMT stock, representing 0.56% of its portfolio. What other stocks do shareholders of Granite Point Mortgage Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Point Mortgage Trust investors own include Two Harbors Investment (TWO), Prospect Capital (PSEC), Chembio Diagnostics (CEMI), New Residential Investment (NRZ), Energy Transfer (ET), Calumet Specialty Products Partners (CLMT), New York Mortgage Trust (NYMT), Washington Prime Group (WPG), Invesco Mortgage Capital (IVR) and Annaly Capital Management (NLY). When did Granite Point Mortgage Trust IPO? Granite Point Mortgage Trust (GPMT) raised $205 million in an initial public offering on Friday, June 23rd 2017. The company issued 10,000,000 shares at a price of $20.00-$21.00 per share. J.P. Morgan, Morgan Stanley, Citigroup and BofA Merrill Lynch served as the underwriters for the IPO and JMP Securities and Keefe, Bruyette & Woods (a Stifel Company) were co-managers. Who are Granite Point Mortgage Trust's major shareholders? Granite Point Mortgage Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Epiq Partners LLC (1.14%), Camelot Portfolios LLC (0.47%), GSA Capital Partners LLP (0.18%), Abundance Wealth Counselors (0.11%), Moloney Securities Asset Management LLC (0.08%) and BNP Paribas Financial Markets (0.06%). Insiders that own company stock include John A Taylor, John A Taylor, Marcin Urbaszek, Stephen Alpart, Steven Plust and William Reid Sanders. View institutional ownership trends. How do I buy shares of Granite Point Mortgage Trust? Shares of GPMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:GPMT) was last updated on 5/10/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaGold Set to EXPLODE!Gold Safe ExchangeCharles Payne Demystifies OptionsUnstoppable ProsperityHe Is Giving Away BitcoinCrypto Swap ProfitsMissed NVDA? Buy this AI stock NOWChaikin AnalyticsYou need to know these two things about AI stocks ASAP…InvestorPlaceShocking: One AI startup's revenue could surge 4,735%Manward Press Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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