About Granite Point Mortgage Trust (NYSE:GPMT)
Granite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in the United States.
Industry, Sector and Symbol:
- Industry: Mortgage REITs
- Sub-Industry: N/A
- Sector: Finance
- Symbol: NYSE:GPMT
- Previous Symbol: NASDAQ:GPMT
- CUSIP: N/A
- Web: www.gpmortgagetrust.com
- Current Ratio: 4.62%
- Quick Ratio: 0.45%
Sales & Book Value:
- Annual Sales: N/A
- Price / Sales: N/A
- Book Value: $19.22 per share
- Price / Book: 0.93
- Annual Dividend: $0.32
- Dividend Yield: 1.8%
- Outstanding Shares: 43,240,000
Frequently Asked Questions for Granite Point Mortgage Trust (NYSE:GPMT)
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 special dividend on Tuesday, September 19th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.32 per share on Wednesday, October 18th. The ex-dividend date of this dividend is Thursday, September 28th. View Granite Point Mortgage Trust's Dividend History.
When will Granite Point Mortgage Trust make its next earnings announcement?
Where is Granite Point Mortgage Trust's stock going? Where will Granite Point Mortgage Trust's stock price be in 2017?
5 analysts have issued 12 month price objectives for Granite Point Mortgage Trust's shares. Their forecasts range from $18.00 to $20.50. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $19.50 in the next twelve months. View Analyst Ratings for Granite Point Mortgage Trust.
Are investors shorting Granite Point Mortgage Trust?
Granite Point Mortgage Trust saw a increase in short interest in October. As of October 31st, there was short interest totalling 1,241,389 shares, an increase of 99.6% from the October 13th total of 621,988 shares. Based on an average trading volume of 290,571 shares, the short-interest ratio is presently 4.3 days. Approximately 2.9% of the shares of the stock are sold short.
Who are some of Granite Point Mortgage Trust's key competitors?
Some companies that are related to Granite Point Mortgage Trust include Ladder Capital Corp (LADR), CYS Investments (CYS), Redwood Trust (RWT), KKR Real Estate Finance Trust (KREF), PennyMac Mortgage Investment Trust (PMT), Capstead Mortgage Corporation (CMO), MTGE Investment Corp. (MTGE), New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT), Orchid Island Capital (ORC), Apollo Residential Mortgage (AMTG), Western Asset Mortgage Capital (WMC), Ares Commercial Real Estate Corporation (ACRE), Dynex Capital (DX), Great Ajax Corp. (AJX), Cherry Hill Mortgage Investment Corporation (CHMI), Ellington Residential Mortgage REIT (EARN) and Five Oaks Investment Corp. (OAKS).
Who are Granite Point Mortgage Trust's key executives?
Granite Point Mortgage Trust's management team includes the folowing people:
- Brian C. Taylor, Chairman of the Board (Age 52)
- John A. Taylor, President, Chief Executive Officer, Director (Age 61)
- Marcin Urbaszek, Chief Financial Officer (Age 41)
- Steven Plust, Chief Operating Officer (Age 58)
- Stephen Alpart, Chief Investment Officer (Age 53)
- Rebecca B. Sandberg, General Counsel, Secretary (Age 45)
- William Roth, Director (Age 60)
- Thomas E. Siering, Director (Age 57)
- Tanuja M. Dehne, Independent Director (Age 45)
- Martin A. Kamarck, Independent Director (Age 68)
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 a price of $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 owns Granite Point Mortgage Trust stock?
Granite Point Mortgage Trust's stock is owned by many different of institutional and retail investors. Top institutional shareholders include
TWO HARBORS INVESTMENT CORP.
(1.46%), American Century Companies Inc. (0.57%), Jacobs Asset Management LLC (0.21%), Schwab Charles Investment Management Inc. (0.10%), Bank of New York Mellon Corp (0.07%) and Cubist Systematic Strategies LLC (0.06%). Company insiders that own Granite Point Mortgage Trust stock include 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.
Who sold Granite Point Mortgage Trust stock? Who is selling Granite Point Mortgage Trust stock?
Who bought Granite Point Mortgage Trust stock? Who is buying Granite Point Mortgage Trust stock?
Granite Point Mortgage Trust's stock was acquired by a variety of institutional investors in the last quarter, including American Century Companies Inc., Schwab Charles Investment Management Inc., Bank of New York Mellon Corp, Cubist Systematic Strategies LLC, California State Teachers Retirement System, Sei Investments Co., IndexIQ Advisors LLC and Wells Fargo & Company MN. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include 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 Granite Point Mortgage Trust stock?
Shares of Granite Point Mortgage Trust 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 Granite Point Mortgage Trust stock can currently be purchased for approximately $17.85.
How big of a company is Granite Point Mortgage Trust?
Granite Point Mortgage Trust has a market capitalization of $773.48 million.
How can I contact Granite Point Mortgage Trust?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
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]
Analysts' Consensus Ratings for Granite Point Mortgage Trust (NYSE:GPMT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 2 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$19.50 (9.24% upside)|Consensus Price Target History for Granite Point Mortgage Trust (NYSE:GPMT)
Analysts' Ratings History for Granite Point Mortgage Trust (NYSE:GPMT)
(Data available from 11/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/8/2017||Bank of America Corporation||Lower Price Target||Neutral||$19.50 -> $18.00||N/A|
|10/27/2017||Compass Point||Initiated Coverage||Buy||$19.50||N/A|
|10/12/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$19.50||N/A|
|7/18/2017||JMP Securities||Initiated Coverage||Mkt Outperform -> Outperform||$20.50||Low|
|7/18/2017||J P Morgan Chase & Co||Initiated Coverage||Overweight -> Overweight||$20.00||Low|
Earnings History for Granite Point Mortgage Trust (NYSE:GPMT)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Granite Point Mortgage Trust (NYSE:GPMT)
Current Year EPS Consensus Estimate: $0.93 EPS
Next Year EPS Consensus Estimate: $1.79 EPS
Current Dividend Information for Granite Point Mortgage Trust (NYSE:GPMT)
|Most Recent Dividend:||10/18/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||34.41% (Based on This Year's Estimates)|
17.88% (Based on Next Year's Estimates)
Dividend History by Quarter for Granite Point Mortgage Trust (NYSE GPMT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Granite Point Mortgage Trust (NYSE GPMT)
Institutional Ownership Percentage: 16.34%Insider Trades by Quarter for Granite Point Mortgage Trust (NYSE GPMT)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
|6/28/2017||Marcin Urbaszek||CFO||Buy||5,000||$19.50||$97,500.00|| |
|6/28/2017||Rebecca B Sandberg||VP||Buy||500||$19.50||$9,750.00|| |
|6/28/2017||Stephen Alpart||Insider||Buy||25,700||$19.50||$501,150.00|| |
|6/28/2017||Steven Plust||COO||Buy||25,000||$19.50||$487,500.00|| |
|6/28/2017||Tanuja Dehne||Director||Buy||1,000||$19.50||$19,500.00|| |
Headline Trends for Granite Point Mortgage Trust (NYSE:GPMT)
Latest Headlines for Granite Point Mortgage Trust (NYSE GPMT)
Granite Point Mortgage Trust (NYSE GPMT) Chart for Friday, November, 17, 2017