Positive News Sentiment NYSE:GPMT Granite Point Mortgage Trust - GPMT Stock Forecast, Price & News Adding Choose a watchlist: 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. $6.97 +0.24 (+3.57%) (As of 02/2/2023 12:49 PM ET) Add Compare Share Share Today's Range$6.82▼$7.0050-Day Range$5.32▼$6.7352-Week Range$5.16▼$11.85Volume201,303 shsAverage Volume369,468 shsMarket Capitalization$364.88 millionP/E RatioN/ADividend Yield11.98%Price Target$8.75 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Granite Point Mortgage Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside25.5% Upside$8.75 Price TargetShort InterestHealthy2.06% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth1.56%From $0.64 to $0.65 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.64 out of 5 starsFinance Sector180th out of 879 stocksReal Estate Investment Trusts Industry34th out of 190 stocks 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 3 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $8.75, Granite Point Mortgage Trust has a forecasted upside of 25.5% from its current price of $6.97.Amount of Analyst CoverageGranite Point Mortgage Trust has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.06% of the float of Granite Point Mortgage Trust has been sold short.Short Interest Ratio / Days to CoverGranite Point Mortgage Trust has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Granite Point Mortgage Trust has recently decreased by 47.52%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGranite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 11.98%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Point Mortgage Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 123.08% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GPMT. Previous Next 3.2 News and Social Media Coverage News SentimentGranite Point Mortgage Trust has a news sentiment score of 1.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Granite Point Mortgage Trust this week, compared to 1 article on an average week.Search InterestOnly 7 people have searched for GPMT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows4 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 1.7 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 1.60% of the stock of Granite Point Mortgage Trust is held by insiders.Percentage Held by Institutions61.39% 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 1.3 Earnings and Valuation Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to grow by 1.56% in the coming year, from $0.64 to $0.65 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is -9.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Point Mortgage Trust is -9.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGranite Point Mortgage Trust has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Granite Point Mortgage Trust (NYSE:GPMT) StockGranite Point Mortgage Trust, Inc. operates as a real estate investment trust, which focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans, other debt and debt-like commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.Read More Receive GPMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Point Mortgage Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address GPMT Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comWith 62% ownership of the shares, Granite Point Mortgage Trust Inc. (NYSE:GPMT) is heavily dominated by institutional ownersJanuary 9, 2023 | finance.yahoo.comGranite Point Mortgage Trust Inc. Appoints Sheila K. McGrath to the Board of DirectorsFebruary 2, 2023 | PressReach (Ad)Top Innovation StockToday's stock market report features an AI Robotics tech stock with a $4 million order backlog.December 26, 2022 | benzinga.comGranite Point Mortgage's Ex-Dividend Date Is Thursday, Here's What You Need To KnowDecember 22, 2022 | finance.yahoo.comGranite Point Mortgage Trust (NYSE:GPMT) shareholders have endured a 60% loss from investing in the stock three years agoDecember 20, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces Fourth Quarter 2022 Common and Preferred Stock DividendsDecember 15, 2022 | msn.comMarathon Digital, Hut 8 Mining, Granite Point Mortgage Trust among financials losersDecember 13, 2022 | msn.com4 Analysts Have This to Say About Granite Point MortgageFebruary 2, 2023 | PressReach (Ad)Top Innovation StockToday's stock market report features an AI Robotics tech stock with a $4 million order backlog.December 13, 2022 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About Granite Point MortgageDecember 13, 2022 | markets.businessinsider.comAnalysts Conflicted on These Financial Names: Sabra Healthcare REIT (SBRA) and Granite Point Mortgage (GPMT)November 23, 2022 | seekingalpha.comA Double-Digit Yield For ThanksgivingNovember 18, 2022 | markets.businessinsider.comREITs Hit New 52-Week Lows This Week As Sector Slide ContinuesNovember 13, 2022 | seekingalpha.comGranite Point Mortgage Trust Now Offers A 15% Yield - But For How Much Longer?November 11, 2022 | finance.yahoo.comGranite Point Mortgage Trust Third Quarter 2022 Earnings: Misses ExpectationsNovember 8, 2022 | finance.yahoo.comGranite Point Mortgage Trust (GPMT) Q3 Earnings and Revenues Lag EstimatesOctober 28, 2022 | seekingalpha.comGPMT.PA Granite Point Mortgage Trust Inc. 7% FLTG PFD SR AOctober 26, 2022 | finance.yahoo.comBlackstone Mortgage Trust (BXMT) Q3 Earnings and Revenues Top EstimatesSeptember 28, 2022 | fool.comGranite Point Mortgage Trust (NYSE: GPMT)September 20, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces Third Quarter 2022 Common and Preferred Stock DividendsSeptember 11, 2022 | finance.yahoo.comGranite Point Mortgage Trust Inc. (GPMT)August 18, 2022 | seekingalpha.comGranite Point Mortgage's Preferred Shares Offer A 10% Yield To CallAugust 9, 2022 | seekingalpha.comGranite Point Mortgage Trust Inc. (GPMT) CEO Jack Taylor on Q2 2022 Results - Earnings Call Transcript.August 8, 2022 | seekingalpha.comGranite Point Mortgage Q2 results mixed on modest portfolio growth, rising yieldsAugust 4, 2022 | finance.yahoo.comChimera Investment (CIM) Q2 Earnings and Revenues Miss EstimatesAugust 2, 2022 | seekingalpha.com9.3%-Yielding Granite Point Mortgage Is Flying Under The RadarJuly 28, 2022 | nasdaq.comThe past three years for Granite Point Mortgage Trust (NYSE:GPMT) investors has not been profitableSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GPMT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Granite Point Mortgage Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address GPMT Company Calendar Last Earnings5/10/2022Ex-Dividend for 1/17 Dividend12/29/2022Dividend Payable1/17/2023Today2/02/2023Next Earnings (Estimated)2/23/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:GPMT Previous SymbolNASDAQ:GPMT CUSIPN/A CIK1703644 Webwww.gpmortgagetrust.com Phone(212) 364-5500FaxN/AEmployees33Year FoundedN/APrice Target and Rating Average Stock Price Forecast$8.75 High Stock Price Forecast$10.00 Low Stock Price Forecast$6.00 Forecasted Upside/Downside+25.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($0.74) Trailing P/E RatioN/A Forward P/E Ratio10.89 P/E GrowthN/ANet Income$68.35 million Net Margins-13.86% Pretax Margin-13.76% Return on Equity3.74% Return on Assets0.98% Debt Debt-to-Equity Ratio1.49 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$198.29 million Price / Sales1.84 Cash Flow$0.79 per share Price / Cash Flow8.81 Book Value$18.83 per share Price / Book0.37Miscellaneous Outstanding Shares52,350,000Free Float51,513,000Market Cap$364.88 million OptionableOptionable Beta1.56 Key ExecutivesJohn A. TaylorPresident, Chief Executive Officer & DirectorSteven J. PlustChief Operating Officer & Vice PresidentMarcin UrbaszekChief Financial Officer, Treasurer & VPMichael J. KarberSecretary, Vice President & General CounselStephen AlpartChief Investment Officer, VP & Head-OriginationsKey CompetitorsHersha Hospitality TrustNYSE:HTBraemar Hotels & ResortsNYSE:BHRCity Office REITNYSE:CIOTranscontinental Realty InvestorsNYSE:TCIBRT ApartmentsNYSE:BRTView All CompetitorsInsiders & InstitutionsZurcher Kantonalbank Zurich Cantonalbank Bought 2,267 shares on 2/1/2023Ownership: 0.014%Everence Capital Management Inc.Bought 19,310 shares on 1/31/2023Ownership: 0.065%Comerica BankSold 9,480 shares on 1/26/2023Ownership: 0.059%Camelot Portfolios LLCBought 35,582 shares on 1/25/2023Ownership: 0.547%Transcend Capital Advisors LLCBought 53,600 shares on 1/20/2023Ownership: 0.102%View All Institutional Transactions GPMT Stock - Frequently Asked Questions Should I buy or sell Granite Point Mortgage Trust stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street 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 2023? 4 brokers have issued 12 month target prices for Granite Point Mortgage Trust's stock. Their GPMT share price forecasts range from $6.00 to $10.00. On average, they anticipate the company's stock price to reach $8.75 in the next year. This suggests a possible upside of 25.4% 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 2023? Granite Point Mortgage Trust's stock was trading at $5.36 at the beginning of the year. Since then, GPMT stock has increased by 30.2% and is now trading at $6.98. View the best growth stocks for 2023 here. Are investors shorting Granite Point Mortgage Trust? Granite Point Mortgage Trust saw a decline in short interest in December. As of December 30th, there was short interest totaling 2,020,000 shares, a decline of 36.9% from the December 15th total of 3,200,000 shares. Based on an average trading volume of 704,900 shares, the days-to-cover ratio is presently 2.9 days. Approximately 3.9% of the shares of the company 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 Thursday, February 23rd 2023. View our GPMT earnings forecast. How were Granite Point Mortgage Trust's earnings last quarter? Granite Point Mortgage Trust Inc. (NYSE:GPMT) issued its quarterly earnings results on Tuesday, May, 10th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Granite Point Mortgage Trust had a negative net margin of 13.86% and a positive trailing twelve-month return on equity of 3.74%. During the same quarter last year, the firm earned $0.36 EPS. 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, December 20th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.20 per share on Tuesday, January 17th. This represents a $0.80 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date is Thursday, December 29th. 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 $0.80 per share and currently has a dividend yield of 11.98%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for GPMT. 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), 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). 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. 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 shareholders include Epiq Partners LLC (0.63%), Camelot Portfolios LLC (0.55%), Wiley BROS. Aintree Capital LLC (0.27%), Transcend Capital Advisors LLC (0.10%), Everence Capital Management Inc. (0.06%) and Yousif Capital Management LLC (0.06%). Insiders that own company stock include John A Taylor, John A Taylor, Marcin Urbaszek, 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 $6.98. How much money does Granite Point Mortgage Trust make? Granite Point Mortgage Trust (NYSE:GPMT) has a market capitalization of $365.40 million and generates $198.29 million in revenue each year. The company earns $68.35 million in net income (profit) each year or ($0.74) 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 2/2/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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