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MSFT   261.35 (+3.40%)
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MU   63.29 (+1.10%)
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DIS   112.60 (+2.93%)
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PYPL   88.33 (+6.54%)
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MSFT   261.35 (+3.40%)
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GOOGL   106.50 (+6.04%)
AMZN   112.46 (+6.95%)
TSLA   194.49 (+7.21%)
NVDA   216.60 (+3.42%)
NIO   12.14 (+0.33%)
BABA   108.43 (-3.89%)
AMD   88.09 (+4.08%)
T   20.41 (+1.14%)
MU   63.29 (+1.10%)
F   14.48 (+5.00%)
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GE   83.33 (+1.23%)
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PFE   44.22 (+0.57%)
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Granite Point Mortgage Trust - GPMT Stock Forecast, Price & News

$6.97
+0.24 (+3.57%)
(As of 02/2/2023 12:49 PM ET)
Add
Compare
Today's Range
$6.82
$7.00
50-Day Range
$5.32
$6.73
52-Week Range
$5.16
$11.85
Volume
201,303 shs
Average Volume
369,468 shs
Market Capitalization
$364.88 million
P/E Ratio
N/A
Dividend Yield
11.98%
Price Target
$8.75

Granite Point Mortgage Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
25.5% Upside
$8.75 Price Target
Short Interest
Healthy
2.06% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
1.56%
From $0.64 to $0.65 Per Share

Overall MarketRank

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

2.64 out of 5 stars

Finance Sector

180th out of 879 stocks

Real Estate Investment Trusts Industry

34th out of 190 stocks


GPMT stock logo

About Granite Point Mortgage Trust (NYSE:GPMT) Stock

Granite Point Mortgage Trust, Inc. operates as a real estate investment trust, which focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans, other debt and debt-like commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.

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GPMT Stock News Headlines

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Granite Point Mortgage Trust (NYSE: GPMT)
Granite Point Mortgage Trust Inc. (GPMT)
See More Headlines
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GPMT Company Calendar

Last Earnings
5/10/2022
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
2/02/2023
Next Earnings (Estimated)
2/23/2023
Fiscal Year End
12/31/2023

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
$8.75
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+25.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$68.35 million
Pretax Margin
-13.76%

Debt

Sales & Book Value

Annual Sales
$198.29 million
Cash Flow
$0.79 per share
Book Value
$18.83 per share

Miscellaneous

Free Float
51,513,000
Market Cap
$364.88 million
Optionable
Optionable
Beta
1.56

Key Executives

  • John A. TaylorJohn A. Taylor
    President, Chief Executive Officer & Director
  • Steven J. PlustSteven J. Plust
    Chief Operating Officer & Vice President
  • Marcin Urbaszek
    Chief Financial Officer, Treasurer & VP
  • Michael J. Karber
    Secretary, Vice President & General Counsel
  • Stephen Alpart
    Chief Investment Officer, VP & Head-Originations













GPMT Stock - Frequently Asked Questions

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

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.
View GPMT analyst ratings
or view top-rated stocks.

What is Granite Point Mortgage Trust's stock price forecast for 2023?

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.
View analysts price targets for GPMT
or view top-rated stocks among Wall Street analysts.

How have GPMT shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Granite Point Mortgage Trust?

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
.

When is Granite Point Mortgage Trust's next earnings date?

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

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

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.

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 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
.

Is Granite Point Mortgage Trust a good dividend stock?

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.

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

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 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
.

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 $6.98.

How much money does Granite Point Mortgage Trust make?

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.

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 2/2/2023 by MarketBeat.com Staff