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

$18.17
+0.05 (+0.28 %)
(As of 11/12/2019 03:06 AM ET)
Today's Range
$18.07
Now: $18.17
$18.27
50-Day Range
$18.12
MA: $18.46
$18.86
52-Week Range
$17.45
Now: $18.17
$19.69
Volume202,796 shs
Average Volume479,488 shs
Market Capitalization$996.68 million
P/E Ratio12.80
Dividend Yield9.27%
Beta0.42
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$1.19 per share
Book Value$18.68 per share

Profitability

Net Income$63.08 million

Miscellaneous

EmployeesN/A
Market Cap$996.68 million
Next Earnings Date2/4/2020 (Estimated)
OptionableOptionable

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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, September 18th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.42 per share on Friday, October 18th. This represents a $1.68 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date of this dividend is Wednesday, October 2nd. 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) released its quarterly earnings data on Monday, August, 6th. The company reported $0.38 earnings per share for the quarter, meeting the Zacks' consensus estimate 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 7.32%. 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 4th 2020. View Earnings Estimates for Granite Point Mortgage Trust.

What price target have analysts set for GPMT?

2 brokerages have issued twelve-month price targets for Granite Point Mortgage Trust's shares. Their forecasts range from $19.50 to $20.50. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 10.1% 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?

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

Has Granite Point Mortgage Trust been receiving favorable news coverage?

News stories about GPMT stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days. 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 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 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 Timbercreek Investment Management Inc. (2.10%), KAMES CAPITAL plc (1.38%), Resource America Inc. (0.67%), Rhumbline Advisers (0.32%), Monarch Partners Asset Management LLC (0.31%) and New York State Teachers Retirement System (0.23%). Company insiders that own Granite Point Mortgage Trust stock include Brian Taylor, John A Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart, Steven Plust and William Reid Sanders. 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 Monarch Partners Asset Management LLC, Resource America Inc., Great West Life Assurance Co. Can, Camelot Portfolios LLC, Optimum Investment Advisors and Quad Cities Investment Group LLC. Company insiders that have sold Granite Point Mortgage Trust company stock in the last year include John A Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart and Steven Plust. 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 Timbercreek Investment Management Inc., State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Delphi Management Inc. MA, Russell Investments Group Ltd., New York State Teachers Retirement System, KAMES CAPITAL plc and State of Alaska Department of Revenue. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian Taylor, John A Taylor, Marcin Urbaszek, Stephen Alpart, Steven Plust and William Reid Sanders. 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 $18.17.

How big of a company is Granite Point Mortgage Trust?

Granite Point Mortgage Trust has a market capitalization of $996.68 million 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:  165 (Vote Outperform)
Underperform Votes:  219 (Vote Underperform)
Total Votes:  384
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 11/12/2019 by MarketBeat.com Staff

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