NYSE:GPMT - Granite Point Mortgage Trust Stock Price, Price Target & More

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$18.68 +0.03 (+0.16 %)
(As of 07/16/2018 06:00 AM ET)
Previous Close$18.68
Today's Range$18.63 - $18.78
52-Week Range$16.15 - $19.30
Volume128,563 shs
Average Volume250,051 shs
Market Capitalization$811.76 million
P/E Ratio19.26
Dividend Yield8.57%
BetaN/A
Granite Point Mortgage Trust logoGranite 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

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GPMT
CUSIPN/A
Phone212-364-3200

Debt

Debt-to-Equity Ratio0.17
Current Ratio16.04
Quick Ratio16.04

Price-To-Earnings

Trailing P/E Ratio19.26
Forward P/E Ratio11.39
P/E Growth0.52

Sales & Book Value

Annual Sales$75.37 million
Price / Sales10.77
Cash Flow$1.1545 per share
Price / Cash16.18
Book Value$19.17 per share
Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$53.30 million
Net Margins40.63%
Return on Equity6.74%
Return on Assets2.37%

Miscellaneous

EmployeesN/A
Outstanding Shares43,460,000
Market Cap$811.76

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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, June 21st. Shareholders of record on Monday, July 2nd will be given a dividend of $0.40 per share on Wednesday, July 18th. This represents a $1.60 annualized dividend and a yield of 8.57%. The ex-dividend date of this dividend is Friday, June 29th. This is a boost from Granite Point Mortgage Trust's previous quarterly dividend of $0.38. 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) issued its earnings results on Wednesday, May, 9th. The company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.35. The company had revenue of $39.98 million for the quarter, compared to the consensus estimate of $22.96 million. Granite Point Mortgage Trust had a net margin of 40.63% and a return on equity of 6.74%. 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 Monday, August, 6th 2018. View Earnings Estimates for Granite Point Mortgage Trust.

What price target have analysts set for GPMT?

7 brokerages have issued 12 month price objectives for Granite Point Mortgage Trust's shares. Their forecasts range from $18.00 to $21.00. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $19.6429 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price. View Analyst Ratings for Granite Point Mortgage Trust.

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

7 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, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."

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 $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.

Has Granite Point Mortgage Trust been receiving favorable news coverage?

Media stories about GPMT stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of 0.12 on Accern's scale. They also assigned news headlines about the company an impact score of 46.06 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are Granite Point Mortgage Trust's major shareholders?

Granite Point Mortgage Trust's stock is owned by many different of retail and institutional investors. Top institutional investors include KAMES CAPITAL plc (1.57%), LDR Capital Management LLC (0.26%) and Atria Investments LLC (0.03%). Company insiders that own Granite Point Mortgage Trust stock include Brian 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 LDR Capital Management LLC. 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 KAMES CAPITAL plc and Atria Investments LLC. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian 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 $18.68.

How big of a company is Granite Point Mortgage Trust?

Granite Point Mortgage Trust has a market capitalization of $811.76 million and generates $75.37 million in revenue each year.

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:  2.3 out of 5 (star star)
Outperform Votes:  111 (Vote Outperform)
Underperform Votes:  134 (Vote Underperform)
Total Votes:  245
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 7/16/2018 by MarketBeat.com Staff

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