NYSE:GPMTGranite Point Mortgage Trust Stock Price, Forecast & News

Granite Point Mortgage Trust's stock was trading at $13.69 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GPMT stock has decreased by 64.1% and is now trading at $4.92. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Granite Point Mortgage Trust.

Granite Point Mortgage Trust is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Granite Point Mortgage Trust.

Granite Point Mortgage Trust Inc (NYSE:GPMT) issued its quarterly earnings results on Monday, May, 11th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.37) by $0.69. The company had revenue of $29.19 million for the quarter, compared to analysts' expectations of $27.90 million. Granite Point Mortgage Trust had a return on equity of 1.59% and a net margin of 6.36%. View Granite Point Mortgage Trust's earnings history.

Granite Point Mortgage Trust announced a quarterly dividend on Wednesday, December 18th. Investors of record on Tuesday, December 31st will be given a dividend of $0.42 per share on Friday, January 17th. This represents a $1.68 annualized dividend and a dividend yield of 34.15%. The ex-dividend date is Monday, December 30th. View Granite Point Mortgage Trust's dividend history.

4 equities research analysts have issued 1 year target prices for Granite Point Mortgage Trust's shares. Their forecasts range from $2.50 to $10.00. On average, they expect Granite Point Mortgage Trust's stock price to reach $7.13 in the next twelve months. This suggests a possible upside of 44.8% from the stock's current price. View analysts' price targets for Granite Point Mortgage Trust.

News stories about GPMT stock have trended neutral recently, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Granite Point Mortgage Trust earned a daily sentiment score of 0.5 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutGranite Point Mortgage Trust.

Some companies that are related to Granite Point Mortgage Trust include Acadia Realty Trust (AKR), Colony Capital (CLNY), Ladder Capital (LADR), Macerich (MAC), Independence Realty Trust (IRT), ARBOR RLTY TR I/SH (ABR), Diversified Healthcare Trust (DHC), Kite Realty Group Trust (KRG), KKR Real Estate Finance Trust (KREF), Investors Real Estate Trust Reit (IRET), Alexander & Baldwin (ALEX), Northstar Realty Europe (NRE), Community Healthcare Trust (CHCT), MFA FINL INC/SH (MFA) and istar (STAR). View all competitors.

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), Calumet Specialty Products Partners, L.P (CLMT), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), NY MTG TR INC/SH (NYMT), ANNALY CAP MGMT/SH (NLY) and Washington Prime Group (WPG).

(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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.99%), Timbercreek Investment Management Inc. (4.55%), Invesco Ltd. (4.20%), State Street Corp (3.77%), WINTON GROUP Ltd (1.65%) and Bank of New York Mellon Corp (1.11%). Company insiders that own Granite Point Mortgage Trust stock include John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, Stephen Alpart and Steven Plust. View institutional ownership trends for Granite Point Mortgage Trust.

GPMT stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, UBS Group AG, BlackRock Inc., Public Sector Pension Investment Board, Bank of New York Mellon Corp, Orinda Asset Management LLC, Voloridge Investment Management LLC, and First Trust Advisors LP. Company insiders that have sold Granite Point Mortgage Trust company stock in the last year include John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, and Stephen Alpart. View insider buying and selling activity for Granite Point Mortgage Trust.

GPMT stock was purchased by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., State Street Corp, Jane Street Group LLC, WINTON GROUP Ltd, Engineers Gate Manager LP, Parametric Portfolio Associates LLC, APG Asset Management N.V., and APG Asset Management N.V.. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of GPMT stock can currently be purchased for approximately $4.92.

Granite Point Mortgage Trust has a market capitalization of $271.27 million and generates $246.26 million in revenue each year. The company earns $70.21 million in net income (profit) each year or $1.32 on an earnings per share basis.

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

Granite Point Mortgage Trust's mailing address is 3 Bryant Park Suite 2400A, NEW YORK NY, 10036. The company can be reached via phone at 212-364-3200 or via email at [email protected]