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About Granite Point Mortgage Trust (NYSE:GPMT)
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
SymbolNYSE:GPMT
CUSIPN/A
Phone212-364-3200
Debt
Debt-to-Equity Ratio0.17
Current Ratio16.04
Quick Ratio16.04
Price-To-Earnings
Trailing P/E Ratio18.56
Forward P/E Ratio10.98
P/E Growth0.5
Sales & Book Value
Annual Sales$75.37 million
Price / Sales10.32
Cash Flow$1.1546 per share
Price / Cash15.59
Book Value$19.14 per share
Price / Book0.94
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$53.30 million
Net Margins40.63%
Return on Equity6.74%
Return on Assets2.37%
Miscellaneous
EmployeesN/A
Outstanding Shares43,230,000
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 Friday, March 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.38 per share on Wednesday, April 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date is Wednesday, March 28th. View Granite Point Mortgage Trust's Dividend History.
How were Granite Point Mortgage Trust's earnings last quarter?
Granite Point Mortgage Trust (NYSE:GPMT) posted its earnings results on Wednesday, May, 9th. The company reported $0.35 EPS for the quarter, meeting the Zacks' consensus estimate of $0.35. The firm had revenue of $39.98 million for the quarter, compared to analysts' expectations of $22.96 million. Granite Point Mortgage Trust had a return on equity of 6.74% and a net margin of 40.63%. 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?
7 brokerages have issued 12-month target prices for Granite Point Mortgage Trust's shares. Their predictions range from $18.00 to $21.00. On average, they expect Granite Point Mortgage Trust's stock price to reach $19.6429 in the next twelve months. View Analyst Ratings for Granite Point Mortgage Trust.
Who are some of Granite Point Mortgage Trust's key competitors?
Some companies that are related to Granite Point Mortgage Trust include MFA Financial (MFA), Keppel REIT (KREVF), PotlatchDeltic (PCH), Geo Group (GEO), Colony NorthStar (CLNS), National Health Investors (NHI), Brandywine Realty Trust (BDN), Outfront Media (OUT), Corporate Office Properties Trust (OFC), Two Harbors Investment (TWO), Pebblebrook Hotel (PEB), DDR (DDR), Empire State Realty (ESRT), Physicians Realty Trust (DOC) and Great Portland Est (GPEAF).
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 62)
- Mr. Marcin Urbaszek C.F.A., CFO & Treasurer (Age 42)
- Mr. Steven Plust, Chief Operating Officer (Age 59)
- Mr. Stephen Alpart, Chief Investment Officer & Co-Head of Originations (Age 54)
- Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 46)
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.
Has Granite Point Mortgage Trust been receiving favorable news coverage?
News headlines about GPMT stock have trended positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a coverage optimism score of 0.33 on Accern's scale. They also assigned news coverage about the company an impact score of 48.99 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
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 BlackRock Inc. (8.57%), State Treasurer State of Michigan (4.88%), Northern Trust Corp (1.43%), American Century Companies Inc. (1.10%), Jacobs Asset Management LLC (1.06%) and Nuveen Asset Management LLC (0.96%). Company insiders that own Granite Point Mortgage Trust stock include Brian 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 LSV Asset Management, Allianz Asset Management GmbH, Nuveen Asset Management LLC, Royal Bank of Canada, BlackRock Inc., Jacobs Asset Management LLC, Wells Fargo & Company MN and Aperio Group LLC. 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 State Treasurer State of Michigan, Resource America Inc., Athanor Capital LP, KAMES CAPITAL plc, Crawford Investment Counsel Inc., Barclays PLC, Eventide Asset Management LLC and Dean Investment Associates LLC. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian 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 $18.00.
How big of a company is Granite Point Mortgage Trust?
Granite Point Mortgage Trust has a market capitalization of $778.21 million and generates $75.37 million in revenue each year.
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 (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.
Granite Point Mortgage Trust (NYSE:GPMT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Granite Point Mortgage Trust in the last 12 months. Their average twelve-month price target is $19.6429, suggesting that the stock has a possible upside of 9.13%. The high price target for GPMT is $21.00 and the low price target for GPMT is $18.00. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.86 | 2.86 | 2.80 | 2.60 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $19.6429 | $19.6429 | $19.50 | $19.50 |
| Price Target Upside: | 9.13% upside | 14.47% upside | 10.54% upside | 12.26% upside |
Granite Point Mortgage Trust (NYSE:GPMT) Consensus Price Target History
Granite Point Mortgage Trust (NYSE:GPMT) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Granite Point Mortgage Trust (NYSE:GPMT) Dividend Information
Granite Point Mortgage Trust pays an annual dividend of $1.52 per share, with a dividend yield of 8.44%. GPMT's most recent quarterly dividend payment was Wednesday, April 18.
| Most Recent Dividend: | 4/18/2018 |
| Annual Dividend: | $1.52 |
| Dividend Yield: | 8.44% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 92.68% (Based on This Year's Estimates)
80.00% (Based on Next Year's Estimates)
131.65% (Based on Cash Flow)
|
Granite Point Mortgage Trust (NYSE:GPMT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/16/2018 | quarterly | $0.38 | 8.89% | 3/28/2018 | 3/29/2018 | 4/18/2018 |
| 12/19/2017 | quarterly | $0.38 | 8.44% | 12/28/2017 | 12/29/2017 | 1/18/2018 |
| 9/19/2017 | special | $0.32 | | 9/28/2017 | 9/29/2017 | 10/18/2017 |
(Data available from 1/1/2013 forward)
Granite Point Mortgage Trust (NYSE GPMT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.10%
Institutional Ownership Percentage: 67.47%
Granite Point Mortgage Trust (NYSE GPMT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/15/2018 | Steven Plust | COO | Buy | 5,767 | $17.85 | $102,940.95 | |  |
| 11/16/2017 | Brian Taylor | Director | Buy | 5,600 | $17.87 | $100,072.00 | | |
| 11/13/2017 | Steven Plust | COO | Buy | 2,750 | $17.63 | $48,482.50 | | |
| 11/13/2017 | William Reid Sanders | Director | Buy | 31,000 | $17.58 | $544,980.00 | | |
| 11/10/2017 | Stephen Alpart | Insider | Buy | 2,882 | $17.70 | $51,011.40 | | |
| 11/10/2017 | William Roth | Director | Buy | 10,000 | $17.56 | $175,600.00 | | |
| 11/9/2017 | Marcin Urbaszek | CFO | Buy | 3,000 | $17.37 | $52,110.00 | | |
| 10/20/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 50,000 | $18.56 | $928,000.00 | | |
| 10/18/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 34,338 | $18.85 | $647,271.30 | | |
| 10/13/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 28,189 | $18.95 | $534,181.55 | | |
| 10/10/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 6,572 | $18.96 | $124,605.12 | | |
| 10/3/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 8,166 | $18.93 | $154,582.38 | | |
| 10/2/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 66,918 | $18.80 | $1,258,058.40 | | |
| 9/27/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 7,962 | $18.95 | $150,879.90 | | |
| 9/22/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 30,655 | $18.84 | $577,540.20 | | |
| 9/19/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 73,439 | $18.92 | $1,389,465.88 | | |
| 9/8/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 8,300 | $19.05 | $158,115.00 | | |
| 8/30/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 12,912 | $19.05 | $245,973.60 | | |
| 8/24/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 2,394 | $19.05 | $45,605.70 | | |
| 8/18/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 24,488 | $19.10 | $467,720.80 | | |
| 8/17/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 32,300 | $19.09 | $616,607.00 | | |
| 8/11/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 43,212 | $19.08 | $824,484.96 | | |
| 8/10/2017 | William Reid Sanders | Director | Buy | 10,000 | $19.16 | $191,600.00 | 17,564 | |
| 6/28/2017 | Marcin Urbaszek | CFO | Buy | 5,000 | $19.50 | $97,500.00 | 18,500 | |
| 6/28/2017 | Rebecca B Sandberg | VP | Buy | 500 | $19.50 | $9,750.00 | 10,500 | |
| 6/28/2017 | Stephen Alpart | Insider | Buy | 25,700 | $19.50 | $501,150.00 | 45,700 | |
| 6/28/2017 | Steven Plust | COO | Buy | 25,000 | $19.50 | $487,500.00 | 45,000 | |
| 6/28/2017 | Tanuja Dehne | Director | Buy | 1,000 | $19.50 | $19,500.00 | 3,564 | |
(Data available from 1/1/2013 forward)
Granite Point Mortgage Trust (NYSE GPMT) News Headlines
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Granite Point Mortgage Trust (NYSE:GPMT) SEC Filings
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Granite Point Mortgage Trust (NYSE:GPMT) Income Statement, Balance Sheet and Cash Flow Statement
Granite Point Mortgage Trust (NYSE GPMT) Stock Chart for Sunday, May, 20, 2018
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