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.
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone212-364-3200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$183.88 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/4/2019 (Estimated)
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 Thursday, June 20th. Investors of record on Friday, July 5th will be paid a dividend of $0.42 per share on Friday, July 19th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date of this dividend is Wednesday, July 3rd. 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) released its quarterly earnings results on Monday, August, 5th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by $0.03. The company earned $27.83 million during the quarter, compared to analysts' expectations of $28.90 million. Granite Point Mortgage Trust had a net margin of 31.28% and a return on equity of 7.57%. 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?
3 brokers have issued 12-month target prices for Granite Point Mortgage Trust's shares. Their predictions range from $19.50 to $20.50. On average, they expect Granite Point Mortgage Trust's stock price to reach $20.00 in the next year. This suggests a possible upside of 7.1% 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?
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.
Has Granite Point Mortgage Trust been receiving favorable news coverage?
Media headlines about GPMT stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of 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 media sentiment score of 0.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Granite Point Mortgage Trust.
Who are some of Granite Point Mortgage Trust's key competitors?
Some companies that are related to Granite Point Mortgage Trust include Outfront Media (OUT), Stag Industrial (STAG), Pebblebrook Hotel Trust (PEB), CHIMERA INVT CO/SH NEW (CIM), Apple Hospitality REIT (APLE), Rayonier (RYN), Two Harbors Investment (TWO), Weingarten Realty Investors (WRI), National Health Investors (NHI), MFA FINL INC/SH (MFA), Corporate Office Properties Trust (OFC), Physicians Realty Trust (DOC), Paramount Group (PGRE), Keppel REIT (KREVF) and Agree Realty (ADC).
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 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).
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 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 initial public offering (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.
Who are Granite Point Mortgage Trust's major shareholders?
Granite Point Mortgage Trust's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.44%), Vanguard Group Inc. (9.28%), Invesco Ltd. (3.01%), State Treasurer State of Michigan (2.98%), Timbercreek Investment Management Inc. (1.89%) and KAMES CAPITAL plc (1.36%). Company insiders that own Granite Point Mortgage Trust stock include Brian Taylor, John A Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart, Steven Plust, Two Harbors Investment Corp, William Reid Sanders and William Roth. View Institutional Ownership Trends for Granite Point Mortgage Trust.
Which institutional investors are selling Granite Point Mortgage Trust stock?
GPMT stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, State Treasurer State of Michigan, CIBC Private Wealth Group LLC, KBC Group NV, Renaissance Technologies LLC, D. E. Shaw & Co. Inc., Schroder Investment Management Group and Schroder Investment Management Group. 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.
Which institutional 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., Timbercreek Investment Management Inc., Nuveen Asset Management LLC, APG Asset Management N.V., Vanguard Group Inc., Invesco Ltd., Pinebridge Investments L.P. and Voloridge Investment Management LLC. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian Taylor, John A Taylor, Marcin Urbaszek, Stephen Alpart, Steven Plust, 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, 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 $18.68.
How big of a company is Granite Point Mortgage Trust?
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 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]
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.
