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The 3-Stock Retirement Blueprint (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
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Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
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German leader seeks energy deals, alliances on Gulf trip
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The 3-Stock Retirement Blueprint (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
Kim Kardashian culls Dolce&Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
China using civilian ships to enhance navy capability, reach
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German leader seeks energy deals, alliances on Gulf trip
Saudi Arabia's triumphant week reclaims the West's embrace
The 3-Stock Retirement Blueprint (Ad)
5 Monthly Dividends Yielding 7.9% to 18.3%
Kim Kardashian culls Dolce&Gabbana archives for Milan show
NYSE:GPMT

Granite Point Mortgage Trust - GPMT Stock Forecast, Price & News

$8.10
-0.38 (-4.48%)
(As of 09/23/2022 12:00 AM ET)
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Compare
Today's Range
$8.02
$8.40
50-Day Range
$8.10
$10.72
52-Week Range
$8.02
$14.10
Volume
395,917 shs
Average Volume
379,688 shs
Market Capitalization
$424.04 million
P/E Ratio
54.00
Dividend Yield
11.79%
Price Target
$12.00

Granite Point Mortgage Trust MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
48.1% Upside
$12.00 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.26mentions of Granite Point Mortgage Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
59.26%
From $0.54 to $0.86 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.31 out of 5 stars

Finance Sector

40th out of 887 stocks

Real Estate Investment Trusts Industry

5th out of 194 stocks

GPMT stock logo

About Granite Point Mortgage Trust (NYSE:GPMT) Stock

Granite Point Mortgage Trust Inc., a real estate investment trust, 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. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.

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GPMT Stock News Headlines

Granite Point Mortgage Trust Inc. (GPMT)
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GPMT Company Calendar

Last Earnings
5/10/2022
Ex-Dividend for 7/15 Dividend
6/30/2022
Dividend Payable
7/15/2022
Today
9/24/2022
Ex-Dividend for 10/17 Dividend
9/30/2022
Dividend Payable
10/17/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:GPMT
Fax
N/A
Employees
33
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.00
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+48.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$68.35 million
Pretax Margin
8.99%

Debt

Sales & Book Value

Annual Sales
$198.29 million
Cash Flow
$0.72 per share
Book Value
$18.83 per share

Miscellaneous

Free Float
51,513,000
Market Cap
$424.04 million
Optionable
Optionable
Beta
1.38

Key Executives

  • Mr. John A. Taylor J.D.Mr. John A. Taylor J.D. (Age 66)
    Pres, CEO & Director
    Comp: $2.01M
  • Mr. Marcin Urbaszek C.F.A. (Age 46)
    VP, CFO, Head of IR & Treasurer
    Comp: $988.7k
  • Mr. Steven PlustMr. Steven Plust (Age 63)
    VP & COO
    Comp: $1.06M
  • Mr. Stephen Alpart (Age 58)
    VP, Chief Investment Officer & Co-Head of Originations
    Comp: $1.06M
  • Mr. Peter M. Morral (Age 54)
    VP, Chief Devel. Officer & Co-Head of Originations
    Comp: $1.06M
  • Mr. Michael J. Karber (Age 42)
    VP, Gen. Counsel & Sec.
  • Mr. Chris Petta
    Investor Relations Officer













GPMT Stock - Frequently Asked Questions

Should I buy or sell Granite Point Mortgage Trust stock right now?

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

What is Granite Point Mortgage Trust's stock price forecast for 2022?

2 brokerages have issued 1-year target prices for Granite Point Mortgage Trust's stock. Their GPMT share price forecasts range from $12.00 to $12.00. On average, they anticipate the company's share price to reach $12.00 in the next year. This suggests a possible upside of 48.1% from the stock's current price.
View analysts price targets for GPMT
or view top-rated stocks among Wall Street analysts.

How have GPMT shares performed in 2022?

Granite Point Mortgage Trust's stock was trading at $11.71 at the beginning of 2022. Since then, GPMT stock has decreased by 30.8% and is now trading at $8.10.
View the best growth stocks for 2022 here
.

Are investors shorting Granite Point Mortgage Trust?

Granite Point Mortgage Trust saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 935,600 shares, a decrease of 9.2% from the August 15th total of 1,030,000 shares. Based on an average daily trading volume, of 345,200 shares, the short-interest ratio is currently 2.7 days. Approximately 1.8% of the company's stock are short sold.
View Granite Point Mortgage Trust's Short Interest
.

When is Granite Point Mortgage Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our GPMT earnings forecast
.

How were Granite Point Mortgage Trust's earnings last quarter?

Granite Point Mortgage Trust Inc. (NYSE:GPMT) released its earnings results on Tuesday, May, 10th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Granite Point Mortgage Trust had a trailing twelve-month return on equity of 3.14% and a net margin of 8.89%. During the same period in the previous year, the business posted $0.36 earnings per share.

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 Tuesday, September 20th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.25 per share on Monday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 12.35%. The ex-dividend date of this dividend is Friday, September 30th.
Read our dividend analysis for GPMT
.

Is Granite Point Mortgage Trust a good dividend stock?

Granite Point Mortgage Trust (NYSE:GPMT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 11.79%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 666.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, GPMT will have a dividend payout ratio of 116.28% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for GPMT.

What other stocks do shareholders of Granite Point Mortgage Trust own?
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 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 a number of retail and institutional investors. Top institutional shareholders include State Street Corp (4.61%), Parallax Volatility Advisers L.P. (0.00%), Northern Trust Corp (1.09%), Principal Financial Group Inc. (0.62%), Epiq Partners LLC (0.57%) and Prudential Financial Inc. (0.47%). Insiders that own company stock include John A Taylor, John A Taylor, Marcin Urbaszek, Michael J Karber, Rebecca B Sandberg, Stephen Alpart, Steven Plust and William Reid Sanders.
View institutional ownership trends
.

How do I buy shares of Granite Point Mortgage Trust?

Shares of GPMT stock 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.
Compare Top Brokerages Here.

What is Granite Point Mortgage Trust's stock price today?

One share of GPMT stock can currently be purchased for approximately $8.10.

How much money does Granite Point Mortgage Trust make?

Granite Point Mortgage Trust (NYSE:GPMT) has a market capitalization of $424.04 million and generates $198.29 million in revenue each year. The company earns $68.35 million in net income (profit) each year or $0.15 on an earnings per share basis.

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 official website for the company is www.gpmortgagetrust.com. The company can be reached via phone at (212) 364-5500 or via email at investors@gpmortgagetrust.com.

This page (NYSE:GPMT) was last updated on 9/25/2022 by MarketBeat.com Staff

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