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

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$18.78 +0.08 (+0.43 %)
(As of 08/20/2018 04:00 PM ET)
Previous Close$18.70
Today's Range$18.70 - $18.84
52-Week Range$16.15 - $19.30
Volume507,433 shs
Average Volume386,310 shs
Market Capitalization$806.98 million
P/E Ratio14.18
Dividend Yield8.55%
Beta0.07
Granite Point Mortgage Trust logoGranite Point Mortgage Trust Inc. 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. As of December 31, 2017, its investment portfolio includes 61 commercial real estate debt investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. The company was founded in 2015 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GPMT
CUSIPN/A
Phone212-364-3200

Debt

Debt-to-Equity Ratio0.96
Current Ratio35.46
Quick Ratio35.46

Price-To-Earnings

Trailing P/E Ratio14.18
Forward P/E Ratio12.19
P/E Growth0.55

Sales & Book Value

Annual Sales$75.37 million
Price / Sales10.83
Cash Flow$1.1672 per share
Price / Cash16.09
Book Value$19.17 per share
Price / Book0.98

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$53.30 million
Net Margins36.50%
Return on Equity6.87%
Return on Assets2.27%

Miscellaneous

EmployeesN/A
Outstanding Shares43,460,000
Market Cap$806.98 million

Granite Point Mortgage Trust (NYSE:GPMT) Frequently Asked Questions

What is Granite Point Mortgage Trust's stock symbol?

Granite Point Mortgage Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPMT."

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 Thursday, June 21st. Investors of record on Monday, July 2nd will be paid a dividend of $0.40 per share on Wednesday, July 18th. This represents a $1.60 dividend on an annualized basis and a yield of 8.52%. The ex-dividend date of this dividend is Friday, June 29th. This is an increase from Granite Point Mortgage Trust's previous quarterly dividend of $0.38. View Granite Point Mortgage Trust's Dividend History.

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

Granite Point Mortgage Trust Inc (NYSE:GPMT) posted its earnings results on Monday, August, 6th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The business earned $22.84 million during the quarter, compared to analyst estimates of $41.20 million. Granite Point Mortgage Trust had a net margin of 36.50% and a return on equity of 6.87%. View Granite Point Mortgage Trust's Earnings History.

When is Granite Point Mortgage Trust's next earnings date?

Granite Point Mortgage Trust is scheduled to release their next quarterly earnings announcement on Monday, November, 5th 2018. View Earnings Estimates for Granite Point Mortgage Trust.

What price target have analysts set for GPMT?

5 brokers have issued 12 month target prices for Granite Point Mortgage Trust's shares. Their forecasts range from $18.00 to $21.00. On average, they expect Granite Point Mortgage Trust's share price to reach $19.4167 in the next year. This suggests a possible upside of 3.4% from the stock's current price. View Analyst Price Targets for Granite Point Mortgage Trust.

What is the consensus analysts' recommendation for Granite Point Mortgage Trust?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Granite Point Mortgage Trust.

Are investors shorting Granite Point Mortgage Trust?

Granite Point Mortgage Trust saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 2,037,494 shares, an increase of 56.6% from the July 13th total of 1,301,361 shares. Based on an average daily trading volume, of 1,155,495 shares, the short-interest ratio is presently 1.8 days. Approximately 4.8% of the shares of the company are short sold. View Granite Point Mortgage Trust's Current Options Chain.

Who are some of Granite Point Mortgage Trust's key competitors?

Who are Granite Point Mortgage Trust's key executives?

Granite Point Mortgage Trust's management team includes the folowing people:
  • Mr. John A. Taylor J.D., Pres, CEO & Director (Age 62)
  • Mr. Marcin Urbaszek C.F.A., CFO & Treasurer (Age 42)
  • Mr. Steven Plust, Chief Operating Officer (Age 59)
  • Mr. Stephen Alpart, Chief Investment Officer & Co-Head of Originations (Age 54)
  • Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 46)

When did Granite Point Mortgage Trust IPO?

(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.

Has Granite Point Mortgage Trust been receiving favorable news coverage?

Media coverage about GPMT stock has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a media and rumor sentiment score of 0.20 on Accern's scale. They also assigned news articles about the company an impact score of 46.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Granite Point Mortgage Trust.

Who are Granite Point Mortgage Trust's major shareholders?

Granite Point Mortgage Trust's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.83%), KAMES CAPITAL plc (1.57%), American Century Companies Inc. (0.92%), Advisors Asset Management Inc. (0.73%), LSV Asset Management (0.67%) and Yorktown Management & Research Co Inc (0.62%). Company insiders that own Granite Point Mortgage Trust stock include Brian Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart, Steven Plust, Tanuja Dehne, Two Harbors Investment Corp, William Reid Sanders and William Roth. View Institutional Ownership Trends for Granite Point Mortgage Trust.

Which major investors are selling Granite Point Mortgage Trust stock?

GPMT stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., LDR Capital Management LLC, American Century Companies Inc., Monarch Partners Asset Management LLC, Quantitative Systematic Strategies LLC, Dean Capital Management, LSV Asset Management and Bank of America Corp DE. View Insider Buying and Selling for Granite Point Mortgage Trust.

Which major investors are buying Granite Point Mortgage Trust stock?

GPMT stock was purchased by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Advisors Asset Management Inc., BlackRock Inc., Standard Life Aberdeen plc, Millennium Management LLC, Raymond James & Associates, Raymond James Financial Services Advisors Inc. and Acadian Asset Management LLC. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart, Steven Plust, Tanuja Dehne, Two Harbors Investment Corp, William Reid Sanders and William Roth. View Insider Buying and Selling for Granite Point Mortgage Trust.

How do I buy shares of Granite Point Mortgage Trust?

Shares of GPMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Granite Point Mortgage Trust's stock price today?

One share of GPMT stock can currently be purchased for approximately $18.78.

How big of a company is Granite Point Mortgage Trust?

Granite Point Mortgage Trust has a market capitalization of $806.98 million and generates $75.37 million in revenue each year.

How can I contact Granite Point Mortgage Trust?

Granite Point Mortgage Trust's mailing address is 590 MADISON AVENUE 38TH FLOOR, NEW YORK NY, 10022. The company can be reached via phone at 212-364-3200 or via email at [email protected]


MarketBeat Community Rating for Granite Point Mortgage Trust (NYSE GPMT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  123 (Vote Outperform)
Underperform Votes:  151 (Vote Underperform)
Total Votes:  274
MarketBeat's community ratings are surveys of what our community members think about Granite Point Mortgage Trust and other stocks. Vote "Outperform" if you believe GPMT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GPMT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/20/2018 by MarketBeat.com Staff

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