NYSE:GPMT

Granite Point Mortgage Trust Stock Forecast, Price & News

$15.25
+0.09 (+0.59 %)
(As of 06/15/2021 12:00 AM ET)
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Today's Range
$14.97
$15.29
50-Day Range
$12.19
$15.61
52-Week Range
$5.52
$15.92
Volume373,489 shs
Average Volume434,960 shs
Market Capitalization$840.40 million
P/E Ratio42.36
Dividend Yield6.60%
Beta1.54
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Granite Point Mortgage Trust logo

About Granite Point Mortgage Trust

Granite 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, 2020, its investment portfolio includes 103 commercial real estate loan investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.

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MarketRank

Overall MarketRank

1.95 out of 5 stars

Finance Sector

239th out of 1,977 stocks

Real Estate Investment Trusts Industry

53rd out of 275 stocks

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Granite Point Mortgage Trust (NYSE:GPMT) Frequently Asked Questions

Is Granite Point Mortgage Trust a buy right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Granite Point Mortgage Trust stock.
View analyst ratings for Granite Point Mortgage Trust
or view top-rated stocks.

What stocks does MarketBeat like better than Granite Point Mortgage Trust?

Wall Street analysts have given Granite Point Mortgage Trust a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Granite Point Mortgage Trust wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

Granite Point Mortgage Trust is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for Granite Point Mortgage Trust
.

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

Granite Point Mortgage Trust Inc. (NYSE:GPMT) announced its quarterly earnings data on Friday, March, 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. Granite Point Mortgage Trust had a net margin of 11.07% and a trailing twelve-month return on equity of 6.67%.
View Granite Point Mortgage Trust's earnings history
.

How has Granite Point Mortgage Trust's stock been impacted by Coronavirus (COVID-19)?

Granite Point Mortgage Trust's stock was trading at $13.69 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GPMT stock has increased by 11.4% and is now trading at $15.25.
View which stocks have been most impacted by COVID-19
.

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 18th. Investors of record on Thursday, April 1st will be paid a dividend of $0.25 per share on Monday, April 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date is Wednesday, March 31st. This is a positive change from Granite Point Mortgage Trust's previous quarterly dividend of $0.20.
View Granite Point Mortgage Trust's dividend history
.

Is Granite Point Mortgage Trust a good dividend stock?

Granite Point Mortgage Trust pays an annual dividend of $1.00 per share and currently has a dividend yield of 6.60%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Granite Point Mortgage Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Granite Point Mortgage Trust is 91.74%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 74.63% next year. This indicates that Granite Point Mortgage Trust will be able to sustain or increase its dividend.
View Granite Point Mortgage Trust's dividend history.

What price target have analysts set for GPMT?

4 Wall Street analysts have issued 1-year price targets for Granite Point Mortgage Trust's shares. Their forecasts range from $12.00 to $16.00. On average, they expect Granite Point Mortgage Trust's share price to reach $14.25 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts' price targets for Granite Point Mortgage Trust
or view top-rated stocks among Wall Street analysts.

Who are Granite Point Mortgage Trust's key executives?

Granite Point Mortgage Trust's management team includes the following people:
  • Mr. John A. Taylor J.D., Pres, CEO & Director (Age 65, Pay $1.08M)
  • Mr. Marcin Urbaszek C.F.A., VP, CFO, Head of IR & Treasurer (Age 45, Pay $435.76k)
  • Mr. Steven Plust, VP & COO (Age 62, Pay $494.42k)
  • Mr. Stephen Alpart, VP, Chief Investment Officer & Co-Head of Originations (Age 57, Pay $494.42k)
  • Mr. Peter M. Morral, VP, Chief Devel. Officer & Co-Head of Originations (Age 53, Pay $485.77k)
  • Mr. Michael J. Karber, VP, Gen. Counsel & Sec. (Age 41)
  • Mr. Chris Petta, Investor Relations Officer

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

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

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 $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.

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."

Who are Granite Point Mortgage Trust's major shareholders?

Granite Point Mortgage Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (19.07%), Geode Capital Management LLC (1.77%), Northern Trust Corp (1.12%), Bank of New York Mellon Corp (1.00%), JPMorgan Chase & Co. (1.00%) and Amundi Asset Management US Inc. (0.89%). Company insiders that own Granite Point Mortgage Trust stock include John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, Stephen Alpart and Steven Plust.
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 Allianz Asset Management GmbH, Credit Suisse AG, Geode Capital Management LLC, American Financial Group Inc., Granite Point Capital Management L.P., Russell Investments Group Ltd., SG Americas Securities LLC, and Alliancebernstein L.P.. Company insiders that have sold Granite Point Mortgage Trust company stock in the last year include John A Taylor, Marcin Urbaszek, and Rebecca B Sandberg.
View insider buying and selling activity for Granite Point Mortgage Trust
or view top insider-selling stocks.

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 Amundi Asset Management US Inc., BlackRock Inc., Barclays PLC, IHT Wealth Management LLC, Camelot Portfolios LLC, HRT Financial LP, Thrivent Financial for Lutherans, and JPMorgan Chase & Co.. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include John A Taylor, and Steven Plust.
View insider buying and selling activity for Granite Point Mortgage Trust
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

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

One share of GPMT stock can currently be purchased for approximately $15.25.

How much money does Granite Point Mortgage Trust make?

Granite Point Mortgage Trust has a market capitalization of $840.40 million and generates $237.71 million in revenue each year. The company earns $-40,440,000.00 in net income (profit) each year or $1.09 on an earnings per share basis.

What is Granite Point Mortgage Trust's official website?

The official website for Granite Point Mortgage Trust is www.gpmortgagetrust.com.

Where are Granite Point Mortgage Trust's headquarters?

Granite Point Mortgage Trust is headquartered at 3 Bryant Park Suite 2400A, NEW YORK NY, 10036.

How can I contact Granite Point Mortgage Trust?

Granite Point Mortgage Trust's mailing address is 3 Bryant Park Suite 2400A, NEW YORK NY, 10036. The company can be reached via phone at (212) 364-5500 or via email at [email protected]


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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