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, 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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone212-364-3200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$183.88 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/8/2019 (Estimated)
OptionableOptionable
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, December 20th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.42 per share on Friday, January 18th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date of this dividend is Friday, December 28th. 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 (EPS) for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $22.84 million for the quarter, compared to the consensus estimate of $41.20 million. Granite Point Mortgage Trust had a net margin of 34.20% and a return on equity of 7.81%. View Granite Point Mortgage Trust's Earnings History.
When is Granite Point Mortgage Trust's next earnings date?
What price target have analysts set for GPMT?
6 brokerages have issued 12-month price objectives for Granite Point Mortgage Trust's stock. Their predictions range from $19.00 to $21.00. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $19.8750 in the next year. This suggests a possible upside of 4.6% 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?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 4 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.
Has Granite Point Mortgage Trust been receiving favorable news coverage?
News stories about GPMT stock have trended somewhat positive this week, according to InfoTrie. InfoTrie identifies negative and positive media 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 -5 to 5, with scores closest to five being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock's share price in the near future.
Who are some of Granite Point Mortgage Trust's key competitors?
Some companies that are related to Granite Point Mortgage Trust include National Health Investors (NHI), Senior Housing Properties Trust (SNH), MFA FINL INC/SH (MFA), Taubman Centers (TCO), Stag Industrial (STAG), Outfront Media (OUT), Keppel REIT (KREVF), Colony Capital (CLNY), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), The GEO Group (GEO), MGM Growth Properties (MGP), Retail Properties of America (RPAI), Empire State Realty Trust (ESRT) and Columbia Property Trust (CXP).
What other stocks do shareholders of Granite Point Mortgage Trust own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Point Mortgage Trust investors own include Two Harbors Investment (TWO), Prospect Capital (PSEC), Chembio Diagnostics (CEMI), New Residential Investment (NRZ), Energy Transfer LP Unit (ET), Calumet Specialty Products Partners, L.P (CLMT), AT&T (T), ANNALY CAP MGMT/SH (NLY), Verizon Communications (VZ) and Uniti Group (UNIT).
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 acted 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 number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.03%), KAMES CAPITAL plc (1.65%), Bank of New York Mellon Corp (1.25%), Northern Trust Corp (1.16%), Timbercreek Investment Management Inc. (1.17%) and Monarch Partners Asset Management LLC (1.05%). Company insiders that own Granite Point Mortgage Trust stock include Brian Taylor, John A 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 Dean Investment Associates LLC, Acadian Asset Management LLC, Two Sigma Investments LP, Barclays PLC, Andesa Financial Management Inc., Nicholas Company Inc., Relative Value Partners Group LLC and MetLife Investment Advisors 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 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 acquired by a variety of institutional investors in the last quarter, including Monarch Partners Asset Management LLC, APG Asset Management N.V., Van ECK Associates Corp, Orinda Asset Management LLC, D. E. Shaw & Co. Inc., Raymond James Financial Services Advisors Inc., BlackRock Inc. and Cedar Capital LLC. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian Taylor, John A 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 $19.00.
How big of a company is Granite Point Mortgage Trust?
Granite Point Mortgage Trust has a market capitalization of $841.51 million and generates $183.88 million in revenue each year. The company earns $63.07 million in net income (profit) each year or $1.42 on an earnings per share basis.
What is Granite Point Mortgage Trust's official website?
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)
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.
