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

$18.01
-0.03 (-0.17 %)
(As of 11/22/2019 04:00 PM ET)
Today's Range
$17.92
Now: $18.01
$18.06
50-Day Range
$18.07
MA: $18.33
$18.76
52-Week Range
$17.45
Now: $18.01
$19.69
Volume287,703 shs
Average Volume296,592 shs
Market Capitalization$987.85 million
P/E Ratio12.68
Dividend Yield9.30%
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$1.22 per share
Book Value$18.65 per share

Profitability

Net Income$63.08 million

Miscellaneous

EmployeesN/A
Market Cap$987.85 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. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.42 per share on Friday, October 18th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date 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) posted its quarterly earnings data on Monday, August, 6th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The firm earned $22.84 million during the quarter, compared to the consensus estimate of $41.20 million. Granite Point Mortgage Trust had a return on equity of 7.18% and a net margin of 29.51%. 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 Wall Street analysts 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 share price to reach $20.00 in the next year. This suggests a possible upside of 11.0% 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?

Media coverage about GPMT stock has been trending somewhat negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Granite Point Mortgage Trust earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company'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 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 John A Taylor, Marcin Urbaszek, 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 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 bought 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 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 $18.02.

How big of a company is Granite Point Mortgage Trust?

Granite Point Mortgage Trust has a market capitalization of $988.40 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 11/22/2019 by MarketBeat.com Staff

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