About Granite Point Mortgage Trust (NYSE:GPMT)
Granite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in the United States.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GPMT
CUSIPN/A
Phone212-364-3200
Debt
Debt-to-Equity Ratio0.15%
Current Ratio37.88%
Quick Ratio37.88%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio10.29
P/E Growth0.47
Sales & Book Value
Annual Sales$75.37 million
Price / Sales9.62
Cash Flow$1.1662 per share
Price / Cash14.38
Book Value$19.17 per share
Price / Book0.87
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
EmployeesN/A
Outstanding Shares43,230,000
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, March 16th. Investors of record on Thursday, March 29th will be paid a dividend of $0.38 per share on Wednesday, April 18th. This represents a $1.52 annualized dividend and a yield of 9.06%. The ex-dividend date is Wednesday, March 28th. 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) announced its earnings results on Wednesday, February, 7th. The company reported $0.34 EPS for the quarter, missing the Zacks' consensus estimate of $0.36 by $0.02. The business earned $37.06 million during the quarter, compared to analysts' expectations of $22.27 million. 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?
7 brokers have issued 12 month price objectives for Granite Point Mortgage Trust's shares. Their predictions range from $18.00 to $21.00. On average, they anticipate Granite Point Mortgage Trust's share price to reach $19.6429 in the next twelve months. View Analyst Ratings 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 Americold Realty Trust (COLD), Brandywine Realty Trust (BDN), Empire State Realty (ESRT), National Health Investors (NHI), Two Harbors Investment (TWO), Corporate Office Properties Trust (OFC), Geo Group (GEO), Physicians Realty Trust (DOC), Great Portland Est (GPEAF), Outfront Media (OUT), Columbia Property Trust (CXP), DDR (DDR), Pebblebrook Hotel (PEB), Education Realty Trust (EDR) and Colony NorthStar Credit (CLNC).
Who are Granite Point Mortgage Trust's key executives?
Granite Point Mortgage Trust's management team includes the folowing people:
- Brian C. Taylor, Chairman of the Board (Age 52)
- John A. Taylor, President, Chief Executive Officer, Director (Age 61)
- Marcin Urbaszek, Chief Financial Officer (Age 41)
- Steven Plust, Chief Operating Officer (Age 58)
- Stephen Alpart, Chief Investment Officer (Age 53)
- Rebecca B. Sandberg, General Counsel, Secretary (Age 45)
- William Roth, Director (Age 60)
- Thomas E. Siering, Director (Age 57)
- Tanuja M Dehne, Independent Director (Age 45)
- Martin A. Kamarck, Independent Director (Age 68)
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.
Has Granite Point Mortgage Trust been receiving favorable news coverage?
News headlines about GPMT stock have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a daily sentiment score of 0.13 on Accern's scale. They also assigned news coverage about the company an impact score of 47.06 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
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 $16.77.
How big of a company is Granite Point Mortgage Trust?
Granite Point Mortgage Trust has a market capitalization of $717.69 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 (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.
Granite Point Mortgage Trust (NYSE:GPMT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Granite Point Mortgage Trust in the last 12 months. Their average twelve-month price target is $19.6429, suggesting that the stock has a possible upside of 17.13%. The high price target for GPMT is $21.00 and the low price target for GPMT is $18.00. There are currently 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.86 | 2.86 | 2.80 | 2.60 |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
1 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $19.6429 | $19.6429 | $19.50 | $19.8750 |
| Price Target Upside: | 17.13% upside | 14.47% upside | 10.54% upside | 9.62% upside |
Granite Point Mortgage Trust (NYSE:GPMT) Consensus Price Target History
Granite Point Mortgage Trust (NYSE:GPMT) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Granite Point Mortgage Trust (NYSE:GPMT) Dividend Information
Granite Point Mortgage Trust pays an annual dividend of $1.52 per share, with a dividend yield of 9.06%. GPMT's most recent quarterly dividend payment was Wednesday, April 18.
| Most Recent Dividend: | 4/18/2018 |
| Annual Dividend: | $1.52 |
| Dividend Yield: | 9.06% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 93.25% (Based on This Year's Estimates)
80.42% (Based on Next Year's Estimates)
|
Granite Point Mortgage Trust (NYSE:GPMT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/16/2018 | quarterly | $0.38 | 8.89% | 3/28/2018 | 3/29/2018 | 4/18/2018 |
| 12/19/2017 | quarterly | $0.38 | 8.44% | 12/28/2017 | 12/29/2017 | 1/18/2018 |
| 9/19/2017 | special | $0.32 | | 9/28/2017 | 9/29/2017 | 10/18/2017 |
(Data available from 1/1/2013 forward)
Granite Point Mortgage Trust (NYSE GPMT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.10%
Institutional Ownership Percentage: 67.51%
Granite Point Mortgage Trust (NYSE GPMT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/16/2017 | Brian Taylor | Director | Buy | 5,600 | $17.87 | $100,072.00 | |  |
| 11/13/2017 | Steven Plust | COO | Buy | 2,750 | $17.63 | $48,482.50 | | |
| 11/13/2017 | William Reid Sanders | Director | Buy | 31,000 | $17.58 | $544,980.00 | | |
| 11/10/2017 | Stephen Alpart | Insider | Buy | 2,882 | $17.70 | $51,011.40 | | |
| 11/10/2017 | William Roth | Director | Buy | 10,000 | $17.56 | $175,600.00 | | |
| 11/9/2017 | Marcin Urbaszek | CFO | Buy | 3,000 | $17.37 | $52,110.00 | | |
| 10/20/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 50,000 | $18.56 | $928,000.00 | | |
| 10/18/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 34,338 | $18.85 | $647,271.30 | | |
| 10/13/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 28,189 | $18.95 | $534,181.55 | | |
| 10/10/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 6,572 | $18.96 | $124,605.12 | | |
| 10/3/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 8,166 | $18.93 | $154,582.38 | | |
| 10/2/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 66,918 | $18.80 | $1,258,058.40 | | |
| 9/27/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 7,962 | $18.95 | $150,879.90 | | |
| 9/22/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 30,655 | $18.84 | $577,540.20 | | |
| 9/19/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 73,439 | $18.92 | $1,389,465.88 | | |
| 9/8/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 8,300 | $19.05 | $158,115.00 | | |
| 8/30/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 12,912 | $19.05 | $245,973.60 | | |
| 8/24/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 2,394 | $19.05 | $45,605.70 | | |
| 8/18/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 24,488 | $19.10 | $467,720.80 | | |
| 8/17/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 32,300 | $19.09 | $616,607.00 | | |
| 8/11/2017 | Two Harbors Investment Corp. | Major Shareholder | Buy | 43,212 | $19.08 | $824,484.96 | | |
| 8/10/2017 | William Reid Sanders | Director | Buy | 10,000 | $19.16 | $191,600.00 | 17,564 | |
| 6/28/2017 | Marcin Urbaszek | CFO | Buy | 5,000 | $19.50 | $97,500.00 | 18,500 | |
| 6/28/2017 | Rebecca B Sandberg | VP | Buy | 500 | $19.50 | $9,750.00 | 10,500 | |
| 6/28/2017 | Stephen Alpart | Insider | Buy | 25,700 | $19.50 | $501,150.00 | 45,700 | |
| 6/28/2017 | Steven Plust | COO | Buy | 25,000 | $19.50 | $487,500.00 | 45,000 | |
| 6/28/2017 | Tanuja Dehne | Director | Buy | 1,000 | $19.50 | $19,500.00 | 3,564 | |
(Data available from 1/1/2013 forward)
Granite Point Mortgage Trust (NYSE GPMT) News Headlines
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Granite Point Mortgage Trust (NYSE:GPMT) SEC Filings
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Granite Point Mortgage Trust (NYSE:GPMT) Income Statement, Balance Sheet and Cash Flow Statement
Granite Point Mortgage Trust (NYSE GPMT) Stock Chart for Thursday, April, 26, 2018
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