NYSE:GPMT - Granite Point Mortgage Trust Stock Price, News, & Analysis

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$18.93 -0.04 (-0.21 %)
(As of 01/22/2019 11:43 AM ET)
Previous Close$18.97
Today's Range$18.87 - $19.0417
52-Week Range$16.15 - $19.33
Volume89,962 shs
Average Volume401,072 shs
Market Capitalization$824.36 million
P/E Ratio13.27
Dividend Yield8.86%
Beta0.23
Granite Point Mortgage Trust Inc. 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. As of December 31, 2017, its investment portfolio includes 61 commercial real estate debt investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. The company was founded in 2015 and is headquartered in New York, New York.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:GPMT
CUSIPN/A
Phone212-364-3200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$75.37 million
Cash Flow$1.1522 per share
Book Value$19.17 per share

Profitability

Net Income$53.30 million

Miscellaneous

EmployeesN/A
Market Cap$824.36 million
OptionableOptionable

Granite Point Mortgage Trust (NYSE:GPMT) Frequently Asked Questions

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 announced a quarterly dividend on Thursday, December 20th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.42 per share on Friday, January 18th. This represents a $1.68 annualized dividend and a dividend yield of 8.87%. The ex-dividend date is Friday, December 28th. View Granite Point Mortgage Trust's Dividend History.

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

Granite Point Mortgage Trust Inc (NYSE:GPMT) announced its earnings results on Monday, November, 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The business earned $24.20 million during the quarter, compared to analyst estimates of $23.70 million. Granite Point Mortgage Trust had a return on equity of 7.55% and a net margin of 35.88%. View Granite Point Mortgage Trust's Earnings History.

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

Granite Point Mortgage Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Granite Point Mortgage Trust.

What price target have analysts set for GPMT?

6 equities research analysts have issued 1-year target prices for Granite Point Mortgage Trust's shares. Their predictions range from $19.00 to $21.00. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $19.8750 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price. View Analyst Price Targets for Granite Point Mortgage Trust.

What is the consensus analysts' recommendation for Granite Point Mortgage Trust?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Granite Point Mortgage Trust.

Has Granite Point Mortgage Trust been receiving favorable news coverage?

News articles about GPMT stock have trended very positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Granite Point Mortgage Trust earned a news sentiment score of 3.2 on InfoTrie's scale. They also gave headlines about the company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are some of Granite Point Mortgage Trust's key competitors?

Who are Granite Point Mortgage Trust's key executives?

Granite Point Mortgage Trust's management team includes the folowing people:
  • Mr. John A. Taylor J.D., Pres, CEO & Director (Age 62)
  • Mr. Marcin Urbaszek C.F.A., CFO & Treasurer (Age 42)
  • Mr. Steven Plust, Chief Operating Officer (Age 59)
  • Mr. Stephen Alpart, Chief Investment Officer & Co-Head of Originations (Age 54)
  • Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 46)

When did Granite Point Mortgage Trust IPO?

(GPMT) raised $205 million in an initial public offering 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.

Who are Granite Point Mortgage Trust's major shareholders?

Granite Point Mortgage Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include KAMES CAPITAL plc (1.65%), Timbercreek Investment Management Inc. (1.17%), Steward Partners Investment Advisory LLC (0.09%), Louisiana State Employees Retirement System (0.04%) and Meeder Asset Management Inc. (0.00%). Company insiders that own Granite Point Mortgage Trust stock include Brian Taylor, John A Taylor, 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.

Which major investors are selling Granite Point Mortgage Trust stock?

GPMT stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. View Insider Buying and Selling for Granite Point Mortgage Trust.

Which major investors are buying Granite Point Mortgage Trust stock?

GPMT stock was purchased by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., Steward Partners Investment Advisory LLC, KAMES CAPITAL plc and Meeder Asset Management Inc.. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian Taylor, John A Taylor, 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 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 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 GPMT stock can currently be purchased for approximately $18.93.

How big of a company is Granite Point Mortgage Trust?

Granite Point Mortgage Trust has a market capitalization of $824.36 million and generates $75.37 million in revenue each year.

What is Granite Point Mortgage Trust's official website?

The official website for Granite Point Mortgage Trust is http://www.gpmortgagetrust.com.

How can I contact Granite Point Mortgage Trust?

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]


MarketBeat Community Rating for Granite Point Mortgage Trust (NYSE GPMT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  140 (Vote Outperform)
Underperform Votes:  179 (Vote Underperform)
Total Votes:  319
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 GPMT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GPMT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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