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

Granite Point Mortgage Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPMT."

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 yield of 9.11%. The ex-dividend date is Monday, December 30th. View Granite Point Mortgage Trust's Dividend History.

Granite Point Mortgage Trust Inc (NYSE:GPMT) released its quarterly earnings data on Monday, August, 6th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.38. The business had revenue of $22.84 million for the quarter, compared to analyst estimates of $41.20 million. Granite Point Mortgage Trust had a return on equity of 7.18% and a net margin of 29.51%. View Granite Point Mortgage Trust's Earnings History.

Granite Point Mortgage Trust is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Granite Point Mortgage Trust.

3 brokerages have issued 12-month price objectives for Granite Point Mortgage Trust's stock. Their forecasts range from $18.00 to $20.50. On average, they expect Granite Point Mortgage Trust's stock price to reach $19.25 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price. View Analyst Price Targets for Granite Point Mortgage Trust.

3 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Granite Point Mortgage Trust.

News stories about GPMT stock have been trending very positive on Friday, according to InfoTrie. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Granite Point Mortgage Trust earned a news sentiment score of 3.9 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Granite Point Mortgage Trust.

Some companies that are related to Granite Point Mortgage Trust include Equity Commonwealth (EQC), Weingarten Realty Investors (WRI), CHIMERA INVT CO/SH NEW (CIM), Hospitality Properties Trust (SVC), National Health Investors (NHI), MGM Growth Properties (MGP), Macerich (MAC), MFA FINL INC/SH (MFA), Physicians Realty Trust (DOC), Apple Hospitality REIT (APLE), Corporate Office Properties Trust (OFC), QTS Realty Trust (QTS), Pebblebrook Hotel Trust (PEB), Keppel REIT (KREVF) and CYRELA BRAZIL R/S (CYRBY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Point Mortgage Trust investors own include Chembio Diagnostics (CEMI), Two Harbors Investment (TWO), Prospect Capital (PSEC), New Residential Investment (NRZ), Calumet Specialty Products Partners, L.P (CLMT), Blackrock Capital Investment (BKCC), Washington Prime Group (WPG), Summit Midstream Partners (SMLP), Novocure (NVCR) and Viper Energy Partners (VNOM).

(GPMT) raised $205 million in an 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's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include KAMES CAPITAL plc (1.39%), Steward Partners Investment Advisory LLC (0.11%), 6 Meridian (0.08%), State of Alaska Department of Revenue (0.08%), Nisa Investment Advisors LLC (0.06%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Granite Point Mortgage Trust stock include John A Taylor, Marcin Urbaszek, 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 Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Granite Point Mortgage Trust company stock in the last year include John A Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart and Steven Plust. View Insider Buying and Selling for Granite Point Mortgage Trust.

GPMT stock was bought by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, KAMES CAPITAL plc, 6 Meridian, Optimum Investment Advisors and Steward Partners Investment Advisory LLC. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include John A Taylor, Marcin Urbaszek, Stephen Alpart and Steven Plust. View Insider Buying and Selling 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 $18.45.

Granite Point Mortgage Trust has a market capitalization of $1.01 billion and generates $183.88 million in revenue each year. The company earns $63.08 million in net income (profit) each year or $1.42 on an earnings per share basis. View Additional Information About Granite Point Mortgage Trust.

The official website for Granite Point Mortgage Trust is http://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]