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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Economic and National Security Threats Create Lithium Bonanza (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Economic and National Security Threats Create Lithium Bonanza (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Economic and National Security Threats Create Lithium Bonanza (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Economic and National Security Threats Create Lithium Bonanza (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Economic and National Security Threats Create Lithium Bonanza (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Economic and National Security Threats Create Lithium Bonanza (Ad)
Closing prices for crude oil, gold and other commodities
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Investor Alert: Argentina Loaded With "White Gold" Opportunity (Ad)
NYSE:GPMT

Granite Point Mortgage Trust - GPMT Stock Forecast, Price & News

$10.44
-0.01 (-0.10%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.30
$10.50
50-Day Range
$8.88
$11.11
52-Week Range
$8.81
$14.10
Volume
297,209 shs
Average Volume
354,531 shs
Market Capitalization
$562.26 million
P/E Ratio
14.70
Dividend Yield
9.57%
Price Target
$12.50

Granite Point Mortgage Trust MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.7% Upside
$12.50 Price Target
Short Interest
Healthy
2.02% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.82mentions of Granite Point Mortgage Trust in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
70.49%
From $0.61 to $1.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.89 out of 5 stars

Finance Sector

145th out of 885 stocks

Real Estate Investment Trusts Industry

26th out of 197 stocks

GPMT stock logo

About Granite Point Mortgage Trust (NYSE:GPMT) Stock

Granite Point Mortgage Trust Inc., a real estate investment trust, 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. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Credit Suisse Group reduced their target price on Granite Point Mortgage Trust to $12.00 in a research note on Friday, July 22nd. JMP Securities reduced their target price on Granite Point Mortgage Trust from $15.00 to $13.00 and set a "market outperform" rating on the stock in a research note on Friday, June 17th.

Granite Point Mortgage Trust Trading Down 0.1 %

Shares of Granite Point Mortgage Trust stock opened at $10.44 on Wednesday. The firm has a market cap of $562.26 million, a P/E ratio of 14.70 and a beta of 1.36. Granite Point Mortgage Trust has a 12 month low of $8.81 and a 12 month high of $14.10. The stock's fifty day moving average price is $10.05 and its 200-day moving average price is $10.56.

Granite Point Mortgage Trust (NYSE:GPMT - Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Granite Point Mortgage Trust had a return on equity of 3.28% and a net margin of 23.50%. During the same quarter last year, the company earned $0.36 EPS. Analysts forecast that Granite Point Mortgage Trust will post 0.61 earnings per share for the current year.

Granite Point Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date of this dividend was Thursday, June 30th. Granite Point Mortgage Trust's payout ratio is currently 140.85%.

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GPMT Stock News Headlines

Granite Point Mortgage Trust (NYSE:GPMT) PT Lowered to $12.00
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GPMT Company Calendar

Last Earnings
5/10/2022
Ex-Dividend for 7/15 Dividend
6/30/2022
Dividend Payable
7/15/2022
Today
8/09/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:GPMT
Fax
N/A
Employees
33
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.50
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+19.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$68.35 million
Pretax Margin
23.60%

Debt

Sales & Book Value

Annual Sales
$198.29 million
Cash Flow
$0.77 per share
Book Value
$18.83 per share

Miscellaneous

Free Float
52,994,000
Market Cap
$562.26 million
Optionable
Optionable
Beta
1.36














GPMT Stock - Frequently Asked Questions

Should I buy or sell Granite Point Mortgage Trust stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GPMT shares.
View GPMT analyst ratings
or view top-rated stocks.

What is Granite Point Mortgage Trust's stock price forecast for 2022?

2 Wall Street research analysts have issued 1-year price targets for Granite Point Mortgage Trust's stock. Their GPMT share price forecasts range from $12.00 to $13.00. On average, they anticipate the company's stock price to reach $12.50 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for GPMT
or view top-rated stocks among Wall Street analysts.

How has Granite Point Mortgage Trust's stock performed in 2022?

Granite Point Mortgage Trust's stock was trading at $11.71 at the beginning of 2022. Since then, GPMT stock has decreased by 10.8% and is now trading at $10.44.
View the best growth stocks for 2022 here
.

Are investors shorting Granite Point Mortgage Trust?

Granite Point Mortgage Trust saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,070,000 shares, a drop of 15.7% from the June 30th total of 1,270,000 shares. Based on an average trading volume of 406,800 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.0% of the company's shares are sold short.
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 Monday, November 14th 2022.
View our GPMT earnings forecast
.

How were Granite Point Mortgage Trust's earnings last quarter?

Granite Point Mortgage Trust Inc. (NYSE:GPMT) announced its quarterly earnings results on Tuesday, May, 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Granite Point Mortgage Trust had a net margin of 23.50% and a trailing twelve-month return on equity of 3.28%. During the same quarter in the previous year, the firm earned $0.36 earnings per share.

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 Thursday, June 16th. Investors of record on Friday, July 1st will be paid a dividend of $0.25 per share on Friday, July 15th. This represents a $1.00 annualized dividend and a yield of 9.58%. The ex-dividend date of this dividend is Thursday, June 30th.
Read our dividend analysis for GPMT
.

Is Granite Point Mortgage Trust a good dividend stock?

Granite Point Mortgage Trust (NYSE:GPMT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 9.57%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 140.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GPMT will have a dividend payout ratio of 96.15% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GPMT.

What other stocks do shareholders of Granite Point Mortgage Trust own?

When did Granite Point Mortgage Trust IPO?

(GPMT) raised $205 million in an 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 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 institutional and retail investors. Top institutional investors include Epiq Partners LLC (0.57%), Camelot Portfolios LLC (0.30%), Wiley BROS. Aintree Capital LLC (0.30%), State Board of Administration of Florida Retirement System (0.18%), Victory Capital Management Inc. (0.11%) and Yousif Capital Management LLC (0.08%). Insiders that own company stock include John A Taylor, John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, Stephen Alpart, Steven Plust and William Reid Sanders.
View institutional ownership trends
.

How do I buy shares of Granite Point Mortgage Trust?

Shares of GPMT stock 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 $10.44.

How much money does Granite Point Mortgage Trust make?

Granite Point Mortgage Trust (NYSE:GPMT) has a market capitalization of $562.26 million and generates $198.29 million in revenue each year. The company earns $68.35 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does Granite Point Mortgage Trust have?

Granite Point Mortgage Trust employs 33 workers across the globe.

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 official website for the company is www.gpmortgagetrust.com. The company can be reached via phone at (212) 364-5500 or via email at investors@gpmortgagetrust.com.

This page (NYSE:GPMT) was last updated on 8/10/2022 by MarketBeat.com Staff

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