S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

Granite Point Mortgage Trust Stock Forecast, Price & News

$12.32
-0.25 (-1.99%)
(As of 11/26/2021 12:00 AM ET)
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Compare
Today's Range
$11.85
$12.47
50-Day Range
$12.29
$13.84
52-Week Range
$9.03
$15.92
Volume
386,443 shs
Average Volume
356,592 shs
Market Capitalization
$662.68 million
P/E Ratio
8.74
Dividend Yield
7.96%
Beta
1.46
30 days | 90 days | 365 days | Advanced Chart
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Granite Point Mortgage Trust logo

About Granite Point Mortgage Trust

Granite Point Mortgage Trust, Inc. operates as a real estate investment trust, which focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans, other debt and debt-like commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.

Headlines

2 Big Dividend Stocks Yielding 7%; JMP Says ‘Buy’
October 29, 2021 |  finance.yahoo.com
Granite Point Mortgage Trust(GPMT)
September 3, 2021 |  fool.com
See More Headlines

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:GPMT
Fax
N/A
Employees
2,018
Year Founded
N/A

Sales & Book Value

Annual Sales
$237.71 million
Cash Flow
$0.91 per share
Book Value
$17.33 per share

Profitability

Net Income
$-40.44 million
Pretax Margin
40.94%

Debt

Price-To-Earnings

Miscellaneous

Free Float
52,713,000
Market Cap
$662.68 million
Optionable
Optionable

Company Calendar

Ex-Dividend
9/30/2021
Dividend Payable
10/19/2021
Last Earnings
11/08/2021
Today
11/27/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/03/2022

MarketRank

Overall MarketRank

2.73 out of 5 stars

Finance Sector

115th out of 1,340 stocks

Real Estate Investment Trusts Industry

22nd out of 222 stocks

Analyst Opinion: 2.4Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -












Granite Point Mortgage Trust (NYSE:GPMT) Frequently Asked Questions

Is Granite Point Mortgage Trust a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities 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.

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

Granite Point Mortgage Trust's stock was trading at $13.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GPMT shares have decreased by 10.0% and is now trading at $12.32.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Granite Point Mortgage Trust?

Granite Point Mortgage Trust saw a drop in short interest in the month of October. As of October 15th, there was short interest totaling 758,300 shares, a drop of 26.4% from the September 30th total of 1,030,000 shares. Based on an average trading volume of 254,700 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.4% of the company's shares are short sold.
View Granite Point Mortgage Trust's Short Interest
.

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

Granite Point Mortgage Trust is scheduled to release its next quarterly earnings announcement on Thursday, March 3rd 2022.
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) posted its quarterly earnings data on Monday, November, 8th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. Granite Point Mortgage Trust had a net margin of 40.65% and a trailing twelve-month return on equity of 5.73%. During the same quarter in the prior year, the company posted $0.25 EPS.
View Granite Point Mortgage Trust's earnings history
.

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 Wednesday, September 15th. Shareholders of record on Friday, October 1st will be paid a dividend of $0.25 per share on Tuesday, October 19th. This represents a $1.00 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend is Thursday, September 30th.
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 7.96%. 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 70.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 99.01% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend.
View Granite Point Mortgage Trust's dividend history.

What price target have analysts set for GPMT?

4 equities research analysts have issued 12-month target prices for Granite Point Mortgage Trust's stock. Their forecasts range from $12.00 to $16.00. On average, they anticipate Granite Point Mortgage Trust's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
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:
  • John A. Taylor, President, Chief Executive Officer & Director
  • Steven J. Plust, Chief Operating Officer & Vice President
  • Marcin Urbaszek, Chief Financial Officer, Treasurer & VP
  • Stephen Alpart, Chief Investment Officer, VP & Head-Originations
  • Peter Morral, Chief Development Officer & Vice President

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 (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 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.26%), Geode Capital Management LLC (1.87%), Barclays PLC (1.20%), Invesco Ltd. (1.20%), Principal Financial Group Inc. (0.68%) and Credit Suisse AG (0.66%). Company insiders that own Granite Point Mortgage Trust stock include John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, Stephen Alpart, Steven Plust and William Reid Sanders.
View institutional ownership trends for Granite Point Mortgage Trust
.

Which institutional investors are selling Granite Point Mortgage Trust stock?

GPMT stock was sold by a variety of institutional investors in the last quarter, including CSS LLC IL, BlackRock Inc., Two Sigma Advisers LP, Two Sigma Investments LP, Granite Point Capital Management L.P., Cubist Systematic Strategies LLC, Thrivent Financial for Lutherans, and Nisa Investment Advisors LLC.
View insider buying and selling activity for Granite Point Mortgage Trust
or view top insider-selling stocks.

Which institutional investors are buying Granite Point Mortgage Trust stock?

GPMT stock was purchased by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Goldman Sachs Group Inc., Claybrook Capital LLC, SG Americas Securities LLC, Millennium Management LLC, Invesco Ltd., BNP Paribas Arbitrage SA, and Tudor Investment Corp Et Al. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include John A Taylor, Stephen Alpart, Steven Plust, and William Reid Sanders.
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 $12.32.

How much money does Granite Point Mortgage Trust make?

Granite Point Mortgage Trust has a market capitalization of $662.68 million and generates $237.71 million in revenue each year. The company earns $-40.44 million in net income (profit) each year or $1.41 on an earnings per share basis.

How many employees does Granite Point Mortgage Trust have?

Granite Point Mortgage Trust employs 2,018 workers across the globe.

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 11/27/2021 by MarketBeat.com Staff

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