NYSE:GPMT Granite Point Mortgage Trust Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Granite Point Mortgage Trust Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $9.79 +0.22 (+2.30%) (As of 07/1/2022 12:00 AM ET) Add Compare Share Today's Range$9.50▼$9.8450-Day Range$8.88▼$11.1152-Week Range$8.81▼$15.03Volume254,511 shsAverage Volume377,292 shsMarket Capitalization$527.25 millionP/E Ratio13.79Dividend Yield10.45%Price Target$13.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Granite Point Mortgage Trust Stock Forecast (MarketRank)Analyst RatingBuy3.00 Rating ScoreUpside/Downside32.8% Upside$13.00 Price TargetShort InterestHealthy2.76% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth70.49%From $0.61 to $1.04 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.2.62 out of 5 starsFinance Sector329th out of 1,393 stocksReal Estate Investment Trusts Industry64th out of 235 stocks 3.5 Analyst's Opinion Consensus RatingGranite Point Mortgage Trust has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.00, Granite Point Mortgage Trust has a forecasted upside of 32.8% from its current price of $9.79.Amount of Analyst CoverageGranite Point Mortgage Trust has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.76% of the float of Granite Point Mortgage Trust has been sold short.Short Interest Ratio / Days to CoverGranite Point Mortgage Trust has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Granite Point Mortgage Trust has recently increased by 6.57%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGranite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 10.45%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Point Mortgage Trust has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Granite Point Mortgage Trust is 140.85%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 96.15% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GPMT. Previous Next 2.4 News and Social Media Coverage News SentimentGranite Point Mortgage Trust has a news sentiment score of 1.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Granite Point Mortgage Trust this week, compared to 1 article on an average week.Search InterestOnly 5 people have searched for GPMT on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -90% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Point Mortgage Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.60% of the stock of Granite Point Mortgage Trust is held by insiders.Percentage Held by Institutions61.63% of the stock of Granite Point Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to grow by 70.49% in the coming year, from $0.61 to $1.04 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is 13.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 64.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Point Mortgage Trust is 13.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 77.38.Price to Book Value per Share RatioGranite Point Mortgage Trust has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GPMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Point Mortgage Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address About Granite Point Mortgage Trust (NYSE:GPMT)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.Read More GPMT Stock News HeadlinesJuly 2, 2022 | americanbankingnews.comGranite Point Mortgage Trust (NYSE:GPMT) Shares Gap Down to $9.85June 20, 2022 | finance.yahoo.comStrength Seen in Granite Point Mortgage Trust (GPMT): Can Its 6.3% Jump Turn into More Strength?June 19, 2022 | americanbankingnews.comGranite Point Mortgage Trust (NYSE:GPMT) PT Lowered to $13.00 at JMP SecuritiesJune 16, 2022 | seekingalpha.comGranite Point Mortgage Trust Inc. 7% FLTG PFD SR A declares $0.4375 dividendJune 14, 2022 | benzinga.comGranite Point Mortgage's Return On Capital Employed InsightsJune 11, 2022 | finance.yahoo.comGranite Point Mortgage Trust (NYSE:GPMT) investors are sitting on a loss of 28% if they invested three years agoMay 25, 2022 | investing.comGranite Point Mortgage Trust Inc Preferred Series A (GPMT_pa)May 12, 2022 | finance.yahoo.comBullish insiders bet US$618k on Granite Point Mortgage Trust Inc. (NYSE:GPMT)May 11, 2022 | seekingalpha.comGranite Point Mortgage Trust Inc. 2022 Q1 - Results - Earnings Call PresentationMay 10, 2022 | investing.comGranite Point Mortgage Trust Inc. Tops Q1 EPS by 11cMay 10, 2022 | seekingalpha.comGranite Point Mortgage Trust GAAP EPS of $0.02, revenue of $14.61MMay 9, 2022 | seekingalpha.comGranite Point Mortgage Trust Q1 2022 Earnings PreviewMay 5, 2022 | finance.yahoo.comChimera Investment (CIM) Matches Q1 Earnings EstimatesApril 28, 2022 | seekingalpha.comGranite Point Mortgage refinances $590M in senior loans, prelim Q1 estimates providedApril 26, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces Dates for First Quarter 2022 Earnings Release and Conference CallApril 15, 2022 | seekingalpha.comGranite Point Mortgage: The 7.5% Yielding Preferred Shares Are Getting AttractiveMarch 21, 2022 | seekingalpha.comGranite Point Mortgage resolves $54M Washington, D.C. senior loanMarch 21, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. Provides First Quarter 2022 Business UpdateMarch 17, 2022 | seekingalpha.comGranite Point Mortgage Trust declares $0.25 dividendMarch 17, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces First Quarter 2022 Common and Preferred Stock DividendsMarch 1, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces 2022 Annual Meeting of StockholdersFebruary 24, 2022 | finance.yahoo.comGranite Point Mortgage Trust (GPMT) Q4 Earnings and Revenues Lag EstimatesFebruary 24, 2022 | seekingalpha.comGranite Point Mortgage Trust GAAP EPS beats by $0.02, Net interest income beats by $0.95MFebruary 24, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2021 Financial Results and Post Quarter-End UpdateFebruary 24, 2022 | seekingalpha.comGranite Point Mortgage Trust Q4 2021 Earnings PreviewSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:GPMT Previous SymbolNASDAQ:GPMT CUSIPN/A CIK1703644 Webwww.gpmortgagetrust.com Phone(212) 364-5500FaxN/AEmployees33Year FoundedN/ACompany Calendar Ex-Dividend for 4/15 Dividend3/31/2022Dividend Payable4/15/2022Last Earnings5/10/2022Ex-Dividend for 7/15 Dividend6/30/2022Today7/02/2022Dividend Payable7/15/2022Next Earnings (Estimated)8/08/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$13.00 High Stock Price Forecast$13.00 Low Stock Price Forecast$13.00 Forecasted Upside/Downside+32.8%Consensus RatingBuy Rating Score (0-4)3 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.71 Trailing P/E Ratio13.79 Forward P/E Ratio16.05 P/E GrowthN/ANet Income$68.35 million Net Margins23.50% Pretax Margin23.60% Return on Equity3.28% Return on Assets0.83% Debt Debt-to-Equity Ratio1.99 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$198.29 million Price / Sales2.66 Cash Flow$0.73 per share Price / Cash Flow13.34 Book Value$18.83 per share Price / Book0.52Miscellaneous Outstanding Shares53,856,000Free Float52,994,000Market Cap$527.25 million OptionableOptionable Beta1.37 Granite Point Mortgage Trust Frequently Asked Questions Should I buy or sell Granite Point Mortgage Trust stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Granite Point Mortgage Trust stock. View analyst ratings for Granite Point Mortgage Trust or view top-rated stocks. What is Granite Point Mortgage Trust's stock price forecast for 2022? 2 analysts have issued 1 year target prices for Granite Point Mortgage Trust's stock. Their GPMT stock forecasts range from $13.00 to $13.00. On average, they predict Granite Point Mortgage Trust's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price. View analysts' price targets for Granite Point Mortgage Trust 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 16.4% and is now trading at $9.79. View the best growth stocks for 2022 here. 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, August 8th 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 Tuesday, May, 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company posted $0.36 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 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 dividend on an annualized basis and a dividend yield of 10.21%. The ex-dividend date of this dividend is Thursday, June 30th. View Granite Point Mortgage Trust's dividend history. 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 10.45%. 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 140.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 96.15% 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. Who are Granite Point Mortgage Trust's key executives? Granite Point Mortgage Trust's management team includes the following people: Mr. John A. Taylor J.D., Pres, CEO & Director (Age 66, Pay $2.01M) (LinkedIn Profile)Mr. Marcin Urbaszek C.F.A., VP, CFO, Head of IR & Treasurer (Age 46, Pay $988.7k)Mr. Steven Plust, VP & COO (Age 63, Pay $1.06M) (LinkedIn Profile)Mr. Stephen Alpart, VP, Chief Investment Officer & Co-Head of Originations (Age 58, Pay $1.06M)Mr. Peter M. Morral, VP, Chief Devel. Officer & Co-Head of Originations (Age 54, Pay $1.06M)Mr. Michael J. Karber, VP, Gen. Counsel & Sec. (Age 42)Mr. Chris Petta, Investor Relations Officer Who are some of Granite Point Mortgage Trust's key competitors? Some companies that are related to Granite Point Mortgage Trust include Retail Opportunity Investments (ROIC), Great Portland Estates (GPEAF), Macerich (MAC), Washington Real Estate Investment Trust (WRE), CareTrust REIT (CTRE), RLJ Lodging Trust (RLJ), American Assets Trust (AAT), Easterly Government Properties (DEA), InvenTrust Properties (IVT), DiamondRock Hospitality (DRH), Two Harbors Investment (TWO), Brandywine Realty Trust (BDN), NexPoint Residential Trust (NXRT), Paramount Group (PGRE) and Preferred Apartment Communities (APTS). View all of GPMT's competitors. What other stocks do shareholders of Granite Point Mortgage Trust own? 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). 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 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." 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 $9.79. How much money does Granite Point Mortgage Trust make? Granite Point Mortgage Trust (NYSE:GPMT) has a market capitalization of $527.25 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 Granite Point Mortgage Trust 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 7/3/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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