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, 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:GPMT
Previous SymbolNASDAQ:GPMT
CUSIPN/A
Phone212-364-3200
Debt
Debt-to-Equity Ratio0.96
Current Ratio28.78
Quick Ratio28.78
Price-To-Earnings
Trailing P/E Ratio12.85
Forward P/E Ratio13.01
P/E Growth0.59
Sales & Book Value
Annual Sales$75.37 million
Price / Sales10.73
Cash Flow$1.1691 per share
Price / Cash15.91
Book Value$19.00 per share
Price / Book0.98
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$53.30 million
Net Margins35.88%
Return on Equity7.55%
Return on Assets2.35%
Miscellaneous
EmployeesN/A
Outstanding Shares43,460,000
Market Cap$798.29 million
OptionableOptionable
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 Friday, September 21st. Investors of record on Tuesday, October 2nd will be paid a dividend of $0.42 per share on Thursday, October 18th. This represents a $1.68 annualized dividend and a yield of 9.03%. The ex-dividend date is Monday, October 1st. This is an increase from Granite Point Mortgage Trust's previous quarterly dividend of $0.40. 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 Monday, November, 5th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business earned $24.20 million during the quarter, compared to the consensus estimate of $23.70 million. Granite Point Mortgage Trust had a net margin of 35.88% and a return on equity of 7.55%. View Granite Point Mortgage Trust's Earnings History.
When is Granite Point Mortgage Trust's next earnings date?
What price target have analysts set for GPMT?
6 equities research analysts have issued 12-month price targets for Granite Point Mortgage Trust's stock. Their predictions range from $19.00 to $21.00. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $19.8750 in the next year. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Price Targets for Granite Point Mortgage Trust.
What is the consensus analysts' recommendation for Granite Point Mortgage Trust?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Granite Point Mortgage Trust.
Has Granite Point Mortgage Trust been receiving favorable news coverage?
News stories about GPMT stock have trended extremely negative on Thursday, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of Granite Point Mortgage Trust's key competitors?
Some companies that are related to Granite Point Mortgage Trust include Taubman Centers (TCO), National Health Investors (NHI), MFA Finl Inc/SH (MFA), Rexford Industrial Realty (REXR), Physicians Realty Trust (DOC), Colony Capital (CLNY), Outfront Media (OUT), Stag Industrial (STAG), The GEO Group (GEO), Corporate Office Properties Trust (OFC), Empire State Realty Trust (ESRT), Great Portland Estates (GPEAF), Retail Properties of America (RPAI), Keppel REIT (KREVF) and Columbia Property Trust (CXP).
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 (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 served as the underwriters for the IPO and JMP Securities and Keefe, Bruyette & Woods (a Stifel Company) were co-managers.
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 BlackRock Inc. (17.13%), State Treasurer State of Michigan (4.41%), KAMES CAPITAL plc (1.62%), Morgan Stanley (1.30%), Bank of New York Mellon Corp (1.24%) and Timbercreek Investment Management Inc. (1.06%). Company insiders that own Granite Point Mortgage Trust stock include Brian Taylor, John A 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 JPMorgan Chase & Co., JPMorgan Chase & Co., State Treasurer State of Michigan, Monarch Partners Asset Management LLC, Panagora Asset Management Inc., Morgan Stanley, LSV Asset Management and TIAA CREF Investment 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Acadian Asset Management LLC, Bank of New York Mellon Corp, Renaissance Technologies LLC, Prudential Financial Inc., Legal & General Group Plc, Wells Fargo & Company MN and Arizona State Retirement System. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian Taylor, John A 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 $18.60.
How big of a company is Granite Point Mortgage Trust?
Granite Point Mortgage Trust has a market capitalization of $806.11 million and generates $75.37 million in revenue each year.
What is Granite Point Mortgage Trust's official website?
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)
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.
