Granite Point Mortgage Trust Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Granite Point Mortgage Trust stock.
View analyst ratings for Granite Point Mortgage Trust or view top-rated stocks.

2 analysts have issued 1 year target prices for Granite Point Mortgage Trust's stock. Their GPMT stock forecasts range from $13.00 to $13.00. On average, they predict Granite Point Mortgage Trust's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price.
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Granite Point Mortgage Trust's stock was trading at $11.71 at the beginning of 2022. Since then, GPMT stock has decreased by 16.4% and is now trading at $9.79.
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Granite Point Mortgage Trust is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Granite Point Mortgage Trust.

Granite Point Mortgage Trust Inc. (NYSE:GPMT) posted its quarterly earnings data on Tuesday, May, 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Granite Point Mortgage Trust had a net margin of 23.50% and a trailing twelve-month return on equity of 3.28%. During the same quarter in the previous year, the company posted $0.36 EPS.
View Granite Point Mortgage Trust's earnings history.

Granite Point Mortgage Trust declared a quarterly dividend on Thursday, June 16th. Investors of record on Friday, July 1st will be paid a dividend of $0.25 per share on Friday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.21%. The ex-dividend date of this dividend is Thursday, June 30th.
View Granite Point Mortgage Trust's dividend history.

Granite Point Mortgage Trust(NYSE:GPMT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 10.45%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Granite Point Mortgage Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Granite Point Mortgage Trust is 140.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 96.15% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend.
View Granite Point Mortgage Trust's dividend history.

Some companies that are related to Granite Point Mortgage Trust include Retail Opportunity Investments (ROIC), Great Portland Estates (GPEAF), Macerich (MAC), Washington Real Estate Investment Trust (WRE), CareTrust REIT (CTRE), RLJ Lodging Trust (RLJ), American Assets Trust (AAT), Easterly Government Properties (DEA), InvenTrust Properties (IVT), DiamondRock Hospitality (DRH), Two Harbors Investment (TWO), Brandywine Realty Trust (BDN), NexPoint Residential Trust (NXRT), Paramount Group (PGRE) and Preferred Apartment Communities (APTS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Point Mortgage Trust investors own include Two Harbors Investment (TWO), Prospect Capital (PSEC), Chembio Diagnostics (CEMI), New Residential Investment (NRZ), Energy Transfer (ET), Calumet Specialty Products Partners (CLMT), New York Mortgage Trust (NYMT), Washington Prime Group (WPG), Invesco Mortgage Capital (IVR) and Annaly Capital Management (NLY).

(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 acted as the underwriters for the IPO and JMP Securities and Keefe, Bruyette & Woods (a Stifel Company) were co-managers.

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

Shares of GPMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GPMT stock can currently be purchased for approximately $9.79.

Granite Point Mortgage Trust (NYSE:GPMT) has a market capitalization of $527.25 million and generates $198.29 million in revenue each year. The company earns $68.35 million in net income (profit) each year or $0.71 on an earnings per share basis.

Granite Point Mortgage Trust employs 33 workers across the globe.

Granite Point Mortgage Trust's mailing address is 3 Bryant Park Suite 2400A, NEW YORK NY, 10036. The official website for Granite Point Mortgage Trust is www.gpmortgagetrust.com. The company can be reached via phone at (212) 364-5500 or via email at investors@gpmortgagetrust.com.