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Granite Point Mortgage Trust Stock Price, News & Analysis (NYSE:GPMT)

$5.58
+0.12 (+2.20%)
(As of 12:33 PM ET)
Compare
Today's Range
$5.42
$5.60
50-Day Range
$4.01
$5.63
52-Week Range
$3.97
$7.07
Volume
108,577 shs
Average Volume
644,581 shs
Market Capitalization
$287.82 million
P/E Ratio
N/A
Dividend Yield
14.34%
Price Target
$7.13

Granite Point Mortgage Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
31.0% Upside
$7.13 Price Target
Short Interest
Healthy
1.33% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.04mentions of Granite Point Mortgage Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$116,970 Bought Last Quarter
Proj. Earnings Growth
23.53%
From $0.51 to $0.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Finance Sector

183rd out of 712 stocks

Real Estate Investment Trusts Industry

37th out of 150 stocks


GPMT stock logo

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. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.

GPMT Stock Price History

GPMT Stock News Headlines

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Granite Point Mortgage Trust Inc GPMT
Q3 2023 Granite Point Mortgage Trust Inc Earnings Call
Recent Reports Are A Wake-Up Call For Investors
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Q2 2023 Granite Point Mortgage Trust Inc Earnings Call
Granite Point Mortgage Trust Inc. (GPMT-PA)
See More Headlines
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Company Calendar

Last Earnings
2/24/2023
Ex-Dividend for 10/16 Dividend
9/29/2023
Dividend Payable
10/16/2023
Today
12/07/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:GPMT
Fax
N/A
Employees
35
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.13
High Stock Price Target
$9.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+31.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-40,830,000.00
Pretax Margin
-20.76%

Debt

Sales & Book Value

Annual Sales
$210.85 million
Cash Flow
$0.42 per share
Book Value
$18.79 per share

Miscellaneous

Free Float
50,598,000
Market Cap
$280.60 million
Optionable
Optionable
Beta
1.73
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GPMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Granite Point Mortgage Trust stock right now?

3 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 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?

3 Wall Street research analysts have issued twelve-month price targets for Granite Point Mortgage Trust's stock. Their GPMT share price targets range from $6.00 to $9.00. On average, they predict the company's share price to reach $7.13 in the next year. This suggests a possible upside of 31.0% 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 2023?

Granite Point Mortgage Trust's stock was trading at $5.36 at the beginning of 2023. Since then, GPMT shares have increased by 1.5% and is now trading at $5.44.
View the best growth stocks for 2023 here
.

Are investors shorting Granite Point Mortgage Trust?

Granite Point Mortgage Trust saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 673,400 shares, an increase of 61.2% from the October 31st total of 417,700 shares. Based on an average daily volume of 423,300 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.3% of the company's stock are short sold.
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 Thursday, February 22nd 2024.
View our GPMT earnings forecast
.

How were Granite Point Mortgage Trust's earnings last quarter?

Granite Point Mortgage Trust Inc. (NYSE:GPMT) announced its 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 analysts' expectations of $19.40 million. Granite Point Mortgage Trust had a negative net margin of 20.80% and a positive trailing twelve-month return on equity of 2.39%.

How often does Granite Point Mortgage Trust pay dividends? What is the dividend yield for Granite Point Mortgage Trust?

Granite Point Mortgage Trust declared a quarterly dividend on Wednesday, September 20th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.20 per share on Monday, October 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.71%. The ex-dividend date is Friday, September 29th.
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 $0.80 per share and currently has a dividend yield of 14.23%. 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 ETFs hold Granite Point Mortgage Trust's stock?

ETFs with the largest weight of Granite Point Mortgage Trust (NYSE:GPMT) stock in their portfolio include Hoya Capital High Dividend Yield ETF (RIET).iShares Mortgage Real Estate ETF (REM).

What other stocks do shareholders of Granite Point Mortgage Trust own?
When did Granite Point Mortgage Trust IPO?

(GPMT) raised $205 million in an IPO 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 acted 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 a number of retail and institutional investors. Top institutional investors include Acadian Asset Management LLC (1.89%), Charles Schwab Investment Management Inc. (1.63%), Arete Wealth Advisors LLC (1.46%), Epiq Partners LLC (1.23%), Northern Trust Corp (0.90%) and Invesco Ltd. (0.67%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:GPMT) was last updated on 12/7/2023 by MarketBeat.com Staff

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