S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
S&P 500   3,380.16 (+0.18%)
DOW   29,398.08 (-0.09%)
QQQ   234.64 (+0.29%)
Log in

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

$18.30
0.00 (0.00 %)
(As of 02/17/2020 11:49 AM ET)
Today's Range
$18.28
Now: $18.30
$18.37
50-Day Range
$18.15
MA: $18.39
$18.88
52-Week Range
$17.78
Now: $18.30
$19.39
Volume270,280 shs
Average Volume328,430 shs
Market Capitalization$1.00 billion
P/E Ratio13.46
Dividend Yield9.18%
Beta0.4
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, 2018, its investment portfolio includes 94 commercial real estate debt investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:GPMT
CUSIPN/A
Phone212-364-3200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$183.88 million
Cash Flow$1.22 per share
Book Value$18.68 per share

Profitability

Net Income$63.08 million

Miscellaneous

EmployeesN/A
Market Cap$1.00 billion
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable

Receive GPMT News and Ratings via Email

Sign-up to receive the latest news and ratings for GPMT and its competitors with MarketBeat's FREE daily newsletter.


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 announced a quarterly dividend on Wednesday, December 18th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.42 per share on Friday, January 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend is Monday, December 30th. 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) issued its earnings results on Monday, August, 6th. The company reported $0.38 earnings per share for the quarter, hitting analysts' consensus estimates of $0.38. The company had revenue of $22.84 million for the quarter, compared to analyst estimates of $41.20 million. Granite Point Mortgage Trust had a net margin of 29.51% and a return on equity of 7.18%. 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 Tuesday, February 18th 2020. View Earnings Estimates for Granite Point Mortgage Trust.

What price target have analysts set for GPMT?

3 brokers have issued 1-year price objectives for Granite Point Mortgage Trust's shares. Their forecasts range from $18.00 to $20.50. On average, they expect Granite Point Mortgage Trust's share price to reach $19.25 in the next twelve months. This suggests a possible upside of 5.2% 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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Granite Point Mortgage Trust.

Has Granite Point Mortgage Trust been receiving favorable news coverage?

News stories about GPMT stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Granite Point Mortgage Trust earned a news impact score of 1.8 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Granite Point Mortgage Trust.

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

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

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 63)
  • Mr. Marcin Urbaszek C.F.A., CFO & Treasurer (Age 43)
  • Mr. Steven Plust, Chief Operating Officer (Age 60)
  • Mr. Stephen Alpart, Chief Investment Officer & Co-Head of Originations (Age 55)
  • Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 47)

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 $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 a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (3.16%), UBS Group AG (2.46%), Goldman Sachs Group Inc. (2.44%), KAMES CAPITAL plc (1.39%), Bank of New York Mellon Corp (1.28%) and Principal Financial Group Inc. (0.97%). 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 Renaissance Technologies LLC, Acadian Asset Management LLC, Russell Investments Group Ltd., Principal Financial Group Inc., UBS Group AG, Orinda Asset Management LLC, LSV Asset Management and Arizona State Retirement System. Company insiders that have sold Granite Point Mortgage Trust company stock in the last year include John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg and Stephen Alpart. 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 Vestcor Investment Management Corp, Goldman Sachs Group Inc., First Trust Advisors LP, Ellington Management Group LLC, Epiq Partners LLC, New York State Teachers Retirement System, Samalin Investment Counsel LLC and State of New Jersey Common Pension Fund D. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include John A Taylor, Marcin Urbaszek, Stephen Alpart and Steven Plust. 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, Robinhood, 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 $18.30.

How big of a company is Granite Point Mortgage Trust?

Granite Point Mortgage Trust has a market capitalization of $1.00 billion and generates $183.88 million in revenue each year. The company earns $63.08 million in net income (profit) each year or $1.42 on an earnings per share basis. View Additional Information About Granite Point Mortgage Trust.

What is Granite Point Mortgage Trust's official website?

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

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 212-364-3200 or via email at [email protected]


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

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  169 (Thanks for Voting!)
Underperform Votes:  225 (Thanks for Voting!)
Total Votes:  394
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 2/17/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel