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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GPMT shares.
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4 brokers have issued 12 month target prices for Granite Point Mortgage Trust's stock. Their GPMT share price forecasts range from $6.00 to $10.00. On average, they anticipate the company's stock price to reach $8.75 in the next year. This suggests a possible upside of 25.4% from the stock's current price.
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Granite Point Mortgage Trust's stock was trading at $5.36 at the beginning of the year. Since then, GPMT stock has increased by 30.2% and is now trading at $6.98.
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Granite Point Mortgage Trust saw a decline in short interest in December. As of December 30th, there was short interest totaling 2,020,000 shares, a decline of 36.9% from the December 15th total of 3,200,000 shares. Based on an average trading volume of 704,900 shares, the days-to-cover ratio is presently 2.9 days. Approximately 3.9% of the shares of the company are short sold.
View Granite Point Mortgage Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our GPMT earnings forecast.

Granite Point Mortgage Trust Inc. (NYSE:GPMT) issued its quarterly earnings results on Tuesday, May, 10th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Granite Point Mortgage Trust had a negative net margin of 13.86% and a positive trailing twelve-month return on equity of 3.74%. During the same quarter last year, the firm earned $0.36 EPS.

Granite Point Mortgage Trust declared a quarterly dividend on Tuesday, December 20th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.20 per share on Tuesday, January 17th. This represents a $0.80 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date is Thursday, December 29th.
Read our dividend analysis for GPMT.

Granite Point Mortgage Trust (NYSE:GPMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 11.98%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for GPMT.

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 (ET), Calumet Specialty Products Partners (CLMT), New York Mortgage Trust (NYMT), Washington Prime Group (WPG), Invesco Mortgage Capital (IVR) and Annaly Capital Management (NLY).

(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 served as the underwriters for the IPO and JMP Securities and Keefe, Bruyette & Woods (a Stifel Company) were co-managers.

Granite Point Mortgage Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPMT."

Granite Point Mortgage Trust's stock is owned by many different institutional and retail investors. Top institutional shareholders include Epiq Partners LLC (0.63%), Camelot Portfolios LLC (0.55%), Wiley BROS. Aintree Capital LLC (0.27%), Transcend Capital Advisors LLC (0.10%), Everence Capital Management Inc. (0.06%) and Yousif Capital Management LLC (0.06%). Insiders that own company stock include John A Taylor, John A Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart, Steven Plust and William Reid Sanders.
View institutional ownership trends.

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.
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One share of GPMT stock can currently be purchased for approximately $6.98.

Granite Point Mortgage Trust (NYSE:GPMT) has a market capitalization of $365.40 million and generates $198.29 million in revenue each year. The company earns $68.35 million in net income (profit) each year or ($0.74) on an earnings per share basis.

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.