Granite Point Mortgage Trust (GPMT) Stock Price, News & Analysis

Company Overview

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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2015 and is headquartered in New York, New York.

Key Stats

• Today's Range: $2.55 to $2.62
• 50-Day Range: $1.72 to $2.69
• 52-Week Range: $1.61 to $3.66
• Volume: 130,987 shs
• Average Volume: 450,991 shs
• Market Capitalization: $124.41 million
• P/E Ratio: N/A
• Dividend Yield: 7.78%
• Price Target: $2.75
• Consensus Rating: Hold

Granite Point Mortgage Trust Stock Analysis - MarketRank™

Granite Point Mortgage Trust scored higher than 43% of companies evaluated by MarketBeat, and ranked 666th out of 909 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Granite Point Mortgage Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Granite Point Mortgage Trust has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Granite Point Mortgage Trust is -0.83, 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. Sector

The P/E ratio of Granite Point Mortgage Trust is -0.83, 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 Ratio

Granite Point Mortgage Trust has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.63% of the float of Granite Point Mortgage Trust has been sold short.

Short Interest Ratio / Days to Cover

Granite Point Mortgage Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Granite Point Mortgage Trust has recently decreased by 7.34%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Granite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 7.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Granite Point Mortgage Trust does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.63% of the float of Granite Point Mortgage Trust has been sold short.

Short Interest Ratio / Days to Cover

Granite Point Mortgage Trust has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Granite Point Mortgage Trust has recently decreased by 7.34%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Granite Point Mortgage Trust has a news sentiment score of 1.91. 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 0.73 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Granite Point Mortgage Trust this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for GPMT on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Granite Point Mortgage Trust insiders have bought 514.86% more of their company's stock than they have sold. Specifically, they have bought $138,197.00 in company stock and sold $22,476.00 in company stock.

Percentage Held by Insiders

Only 3.10% of the stock of Granite Point Mortgage Trust is held by insiders.

Percentage Held by Institutions

51.63% 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.

GPMT Stock Analysis - Frequently Asked Questions

How have GPMT shares performed this year?

Granite Point Mortgage Trust's stock was trading at $2.79 at the beginning of the year. Since then, GPMT stock has decreased by 7.9% and is now trading at $2.57.

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

Granite Point Mortgage Trust Inc. (NYSE:GPMT) posted its earnings results on Thursday, February, 13th. The company reported ($1.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by $1.26. The firm earned $7.57 million during the quarter, compared to analysts' expectations of $7.90 million. Granite Point Mortgage Trust had a negative trailing twelve-month return on equity of 18.94% and a negative net margin of 83.98%.
Read the conference call transcript.

When did Granite Point Mortgage Trust IPO?

Granite Point Mortgage Trust (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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Granite Point Mortgage Trust investors own include Rithm Capital (RITM), AGNC Investment (AGNC), Two Harbors Investments (TWO), Prospect Capital (PSEC), AT&T (T), Verizon Communications (VZ) and Annaly Capital Management (NLY).

Company Calendar

• Last Earnings: 2/13/2025
• Record date for 4/15 Dividend: 4/01/2025
• Ex-Dividend for 4/15 Dividend: 4/01/2025
• Dividend Payable: 4/15/2025
• Record date for 7/15 Dividend: 7/01/2025
• Ex-Dividend for 7/15 Dividend: 7/01/2025
• Today: 7/05/2025
• Dividend Payable: 7/15/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - MTGE TRUST
• Sub-Industry: Trading
• Current Symbol: NYSE:GPMT
• Previous Symbol: NASDAQ:GPMT
• CIK: 1703644
• Web: www.gpmortgagetrust.com
• Phone: (212) 364-5500
• Fax: N/A
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.75
• High Stock Price Target: $3.25
• Low Stock Price Target: $2.25
• Potential Upside/Downside: +7.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($3.08)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$207.05 million
• Net Margins: -83.98%
• Pretax Margin: -83.94%
• Return on Equity: -18.94%
• Return on Assets: -5.47%

Debt

• Debt-to-Equity Ratio: 1.42
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $185.55 million
• Price / Sales: 0.67
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $12.39 per share
• Price / Book: 0.21

Miscellaneous

• Outstanding Shares: 48,410,000
• Free Float: 46,905,000
• Market Cap: $124.41 million
• Optionable: Optionable
• Beta: 1.71