NYSE:GPMT Granite Point Mortgage Trust Stock Forecast, Price & News Adding Choose a 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. Log In and Add $6.16 -0.68 (-9.94 %) (As of 09/21/2020 02:20 PM ET) Add Compare Share Today's Range$6.15Now: $6.16▼$6.6750-Day Range$6.17MA: $6.87▼$7.7152-Week Range$1.74Now: $6.16▼$18.97Volume19,301 shsAverage Volume1.41 million shsMarket Capitalization$340.06 millionP/E RatioN/ADividend YieldN/ABeta1.32 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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, 2018, its investment portfolio includes 94 commercial real estate debt investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingGranite Point Mortgage Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.25, Granite Point Mortgage Trust has a forecasted upside of 16.0% from its current price of $6.25.Amount of Analyst CoverageGranite Point Mortgage Trust has only been the subject of 1 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesGranite Point Mortgage Trust has received 178 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGranite Point Mortgage Trust has received 246 “underperform” votes. (Add your “underperform” vote.)Community SentimentGranite Point Mortgage Trust has received 58.02% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldGranite Point Mortgage Trust does not currently pay a dividend.Dividend GrowthGranite Point Mortgage Trust does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Point Mortgage Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $125,884.00 in company stock.Percentage Held by InsidersOnly 1.89% of the stock of Granite Point Mortgage Trust is held by insiders.Percentage Held by Institutions69.03% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to grow by 7.79% in the coming year, from $0.77 to $0.83 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is -89.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Point Mortgage Trust is -89.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGranite Point Mortgage Trust has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.32 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:GPMT Previous SymbolNASDAQ:GPMT CUSIPN/A CIK1703644 Webwww.gpmortgagetrust.com Phone212-364-5500Debt Debt-to-Equity Ratio1.43 Current Ratio5.65 Quick Ratio5.65Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio8.00 P/E GrowthN/A Sales & Book Value Annual Sales$246.26 million Price / Sales1.38 Cash Flow$1.13 per share Price / Cash Flow5.44 Book Value$18.58 per share Price / Book0.33Profitability EPS (Most Recent Fiscal Year)$1.32 Net Income$70.21 million Net Margins-1.52% Return on Equity1.04% Return on Assets0.23%Miscellaneous EmployeesN/A Outstanding Shares55,205,000Market Cap$340.06 million Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $6.16 -0.68 (-9.94 %) (As of 09/21/2020 02:20 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive GPMT News and Ratings via Email Sign-up to receive the latest news and ratings for GPMT and its competitors with MarketBeat's FREE daily newsletter. Granite Point Mortgage Trust (NYSE:GPMT) Frequently Asked Questions How has Granite Point Mortgage Trust's stock been impacted by Coronavirus (COVID-19)? Granite Point Mortgage Trust's stock was trading at $13.69 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GPMT stock has decreased by 55.0% and is now trading at $6.16. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Granite Point Mortgage Trust? 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. When is Granite Point Mortgage Trust's next earnings date? Granite Point Mortgage Trust is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. 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) issued its quarterly earnings results on Monday, August, 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.05. Granite Point Mortgage Trust had a negative net margin of 1.52% and a positive return on equity of 1.04%. 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 Wednesday, December 18th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.42 per share on Friday, January 17th. This represents a $1.68 annualized dividend and a yield of 27.27%. The ex-dividend date is Monday, December 30th. View Granite Point Mortgage Trust's dividend history. What price target have analysts set for GPMT? 4 Wall Street analysts have issued 1 year price targets for Granite Point Mortgage Trust's stock. Their forecasts range from $2.50 to $10.00. On average, they expect Granite Point Mortgage Trust's stock price to reach $7.25 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price. View analysts' price targets for Granite Point Mortgage Trust. Are investors shorting Granite Point Mortgage Trust? Granite Point Mortgage Trust saw a drop in short interest in August. As of August 14th, there was short interest totaling 5,110,000 shares, a drop of 12.8% from the July 30th total of 5,860,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is currently 3.7 days. View Granite Point Mortgage Trust's Short Interest. Who are some of Granite Point Mortgage Trust's key competitors? Some companies that are related to Granite Point Mortgage Trust include ARBOR RLTY TR I/SH (ABR), The GEO Group (GEO), Monmouth R.E. Inv. (MNR), Broadmark Realty Capital (BRMK), Retail Properties of America (RPAI), Interrent Real Estate Investment Trust (IIPZF), Hospitality Properties Trust (SVC), Alexander's (ALX), Columbia Property Trust (CXP), MFA FINL INC/SH (MFA), Retail Opportunity Investments (ROIC), Colony Capital (CLNY), Mack Cali Realty (CLI), Independence Realty Trust (IRT) and Macerich (MAC). View all 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), NY MTG TR INC/SH (NYMT), Calumet Specialty Products Partners, L.P (CLMT), Energy Transfer LP Unit (ET), Washington Prime Group (WPG), ANNALY CAP MGMT/SH (NLY) and AGNC Investment (AGNC). 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 63)Mr. Marcin Urbaszek C.F.A., CFO & Treasurer (Age 43)Mr. Steven Plust, Chief Operating Officer (Age 60)Mr. Stephen Alpart, Chief Investment Officer & Co-Head of Originations (Age 55)Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 47) When did Granite Point Mortgage Trust IPO? (GPMT) raised $205 million in an 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." Who are Granite Point Mortgage Trust's major shareholders? Granite Point Mortgage Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.70%), Timbercreek Investment Management Inc. (4.60%), WINTON GROUP Ltd (2.49%), Balyasny Asset Management LLC (1.15%), Bank of New York Mellon Corp (1.04%) and Nordea Investment Management AB (0.88%). 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. 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 Vanguard Group Inc., Goldman Sachs Group Inc., Principal Financial Group Inc., Principal Financial Group Inc., Jane Street Group LLC, Orinda Asset Management LLC, Bank of New York Mellon Corp, and 6 Meridian. 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. Which major investors are buying Granite Point Mortgage Trust stock? GPMT stock was acquired by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, WINTON GROUP Ltd, Granite Point Capital Management L.P., Raymond James Financial Services Advisors Inc., Nordea Investment Management AB, Wiley BROS. Aintree Capital LLC, Cedar Capital LLC, and Epiq Partners LLC. View insider buying and selling activity 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, Robinhood, 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 $6.16. How big of a company is Granite Point Mortgage Trust? Granite Point Mortgage Trust has a market capitalization of $340.06 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. What is Granite Point Mortgage Trust's official website? The official website for Granite Point Mortgage Trust is www.gpmortgagetrust.com. 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 company can be reached via phone at 212-364-5500 or via email at [email protected] This page was last updated on 9/21/2020 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. 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