NYSE:GPMTGranite Point Mortgage Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Granite Point Mortgage Trust Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $5.30 -0.04 (-0.75 %) (As of 05/28/2020 11:07 AM ET) Add Compare Share Today's Range$5.16Now: $5.30▼$5.3650-Day Range$3.04MA: $4.72▼$5.6252-Week Range$1.74Now: $5.30▼$19.35Volume13,717 shsAverage Volume2.01 million shsMarket Capitalization$292.24 millionP/E Ratio18.28Dividend YieldN/ABeta1.41 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingGranite Point Mortgage Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.13, Granite Point Mortgage Trust has a potential upside of 34.4% from its current price of $5.30.Amount of Analyst CoverageGranite Point Mortgage Trust has only been the subject of 4 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesGranite Point Mortgage Trust has received 176 “outperform” votes. (Add your “outperform” vote.)Underperform VotesGranite Point Mortgage Trust has received 241 “underperform” votes. (Add your “underperform” vote.)Community SentimentGranite Point Mortgage Trust has received 57.79% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldGranite Point Mortgage Trust does not currently pay a dividend.Dividend GrowthGranite Point Mortgage Trust has only been increasing its dividend for 2 years. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Point Mortgage Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.00% of the stock of Granite Point Mortgage Trust is held by insiders.Percentage Held by Institutions74.82% of the stock of Granite Point Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to grow by 10.11% in the coming year, from $0.89 to $0.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is 18.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.88.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Point Mortgage Trust is 18.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.72.Price to Book Value per Share RatioGranite Point Mortgage Trust has a P/B Ratio of 0.30. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.65 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:GPMT Previous SymbolNASDAQ:GPMT CUSIPN/A CIK1703644 Webwww.gpmortgagetrust.com Phone212-364-3200Debt Debt-to-Equity Ratio1.43 Current Ratio3.10 Quick Ratio3.10Price-To-Earnings Trailing P/E Ratio18.28 Forward P/E Ratio5.96 P/E GrowthN/A Sales & Book Value Annual Sales$246.26 million Price / Sales1.19 Cash Flow$1.14 per share Price / Cash Flow4.63 Book Value$17.43 per share Price / Book0.30Profitability EPS (Most Recent Fiscal Year)$1.32 Net Income$70.21 million Net Margins6.36% Return on Equity1.59% Return on Assets0.38%Miscellaneous EmployeesN/A Outstanding Shares55,140,000Market Cap$292.24 million Next Earnings Date8/3/2020 (Estimated) OptionableOptionable GPMT Rates by TradingView Receive GPMT News and Ratings via Email Sign-up to receive the latest news and ratings for GPMT and its competitors with MarketBeat's FREE daily newsletter. Granite Point Mortgage Trust (NYSE:GPMT) Frequently Asked Questions How has Granite Point Mortgage Trust's stock been impacted by COVID-19 (Coronavirus)? Granite Point Mortgage Trust's stock was trading at $13.69 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GPMT shares have decreased by 61.3% and is now trading at $5.30. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Granite Point Mortgage Trust? 4 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Granite Point Mortgage Trust. When is Granite Point Mortgage Trust's next earnings date? Granite Point Mortgage Trust is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Granite Point Mortgage Trust. How were Granite Point Mortgage Trust's earnings last quarter? Granite Point Mortgage Trust Inc (NYSE:GPMT) issued its quarterly earnings results on Monday, May, 11th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.37) by $0.69. The business had revenue of $29.19 million for the quarter, compared to analyst estimates of $27.90 million. Granite Point Mortgage Trust had a net margin of 6.36% and a return on equity of 1.59%. View Granite Point Mortgage Trust's earnings history. How often does Granite Point Mortgage Trust pay dividends? What is the dividend yield for Granite Point Mortgage Trust? Granite Point Mortgage Trust declared a quarterly dividend on Wednesday, December 18th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.42 per share on Friday, January 17th. This represents a $1.68 dividend on an annualized basis and a yield of 31.70%. The ex-dividend date is Monday, December 30th. View Granite Point Mortgage Trust's dividend history. What price target have analysts set for GPMT? 4 brokerages have issued 1 year price objectives for Granite Point Mortgage Trust's stock. Their forecasts range from $2.50 to $10.00. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $7.13 in the next twelve months. This suggests a possible upside of 34.4% from the stock's current price. View analysts' price targets for Granite Point Mortgage Trust. Has Granite Point Mortgage Trust been receiving favorable news coverage? News coverage about GPMT stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of -1.7 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutGranite 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 Retail Opportunity Investments (ROIC), Hospitality Properties Trust (SVC), Acadia Realty Trust (AKR), Macerich (MAC), Ladder Capital (LADR), Colony Capital (CLNY), Independence Realty Trust (IRT), ARBOR RLTY TR I/SH (ABR), Kite Realty Group Trust (KRG), KKR Real Estate Finance Trust (KREF), Community Healthcare Trust (CHCT), American Finance Trust (AFIN), Northstar Realty Europe (NRE), MFA FINL INC/SH (MFA) and Investors Real Estate Trust Reit (IRET). View all competitors. 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 Two Harbors Investment (TWO), Prospect Capital (PSEC), Chembio Diagnostics (CEMI), New Residential Investment (NRZ), Calumet Specialty Products Partners, L.P (CLMT), AGNC Investment (AGNC), Energy Transfer LP Unit (ET), NY MTG TR INC/SH (NYMT), ANNALY CAP MGMT/SH (NLY) and Washington Prime Group (WPG). Who are Granite Point Mortgage Trust's key executives? Granite Point Mortgage Trust's management team includes the following 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 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 acted as the underwriters for the IPO and JMP Securities and Keefe, Bruyette & Woods (a Stifel Company) were co-managers. 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." Who are Granite Point Mortgage Trust's major shareholders? Granite Point Mortgage Trust's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (16.99%), Timbercreek Investment Management Inc. (4.55%), Invesco Ltd. (4.20%), State Street Corp (3.77%), WINTON GROUP Ltd (1.65%) and Bank of New York Mellon Corp (1.11%). Company insiders that own Granite Point Mortgage Trust stock include John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, Stephen Alpart and Steven Plust. 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 State of Michigan Retirement System, UBS Group AG, BlackRock Inc., Public Sector Pension Investment Board, Bank of New York Mellon Corp, Orinda Asset Management LLC, Voloridge Investment Management LLC, and First Trust Advisors LP. Company insiders that have sold Granite Point Mortgage Trust company stock in the last year include John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, and Stephen Alpart. View insider buying and selling activity for Granite Point Mortgage Trust. Which institutional investors are buying Granite Point Mortgage Trust stock? GPMT stock was bought by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., State Street Corp, Jane Street Group LLC, WINTON GROUP Ltd, Engineers Gate Manager LP, Parametric Portfolio Associates LLC, APG Asset Management N.V., and APG Asset Management N.V.. View insider buying and selling activity 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 $5.30. How big of a company is Granite Point Mortgage Trust? Granite Point Mortgage Trust has a market capitalization of $292.24 million and generates $246.26 million in revenue each year. The company earns $70.21 million in net income (profit) each year or $1.32 on an earnings per share basis. What is Granite Point Mortgage Trust's official website? The official website for Granite Point Mortgage Trust is www.gpmortgagetrust.com. 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] This page was last updated on 5/28/2020 by MarketBeat.com Staff
