NYSE:GPMT - Granite Point Mortgage Trust Stock Price, Price Target & More

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

Granite Point Mortgage Trust declared a quarterly dividend on Thursday, June 21st. Investors of record on Monday, July 2nd will be paid a dividend of $0.40 per share on Wednesday, July 18th. This represents a $1.60 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Friday, June 29th. This is a boost from Granite Point Mortgage Trust's previous quarterly dividend of $0.38. View Granite Point Mortgage Trust's Dividend History.

Granite Point Mortgage Trust Inc (NYSE:GPMT) released its quarterly earnings results on Wednesday, May, 9th. The company reported $0.35 EPS for the quarter, hitting the consensus estimate of $0.35. The company earned $39.98 million during the quarter, compared to analysts' expectations of $22.96 million. Granite Point Mortgage Trust had a net margin of 40.63% and a return on equity of 6.74%. View Granite Point Mortgage Trust's Earnings History.

Granite Point Mortgage Trust is scheduled to release their next quarterly earnings announcement on Monday, August, 6th 2018. View Earnings Estimates for Granite Point Mortgage Trust.

7 equities research analysts have issued twelve-month price objectives for Granite Point Mortgage Trust's stock. Their predictions range from $18.00 to $21.00. On average, they expect Granite Point Mortgage Trust's stock price to reach $19.6429 in the next twelve months. View Analyst Ratings for Granite Point Mortgage Trust.

Some companies that are related to Granite Point Mortgage Trust include The GEO Group (GEO), Colony NorthStar (CLNS), AmeriCold Realty Trust (COLD), MFA Finl Inc/SH (MFA), National Health Investors (NHI), Education Realty Trust (EDR), Potlatchdeltic (PCH), Brandywine Realty Trust (BDN), Physicians Realty Trust (DOC), Keppel REIT (KREVF), Corporate Office Properties Trust (OFC), Retail Properties of America (RPAI), Empire State Realty Trust (ESRT), Two Harbors Investment (TWO) and Outfront Media (OUT).

(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.

Headlines about GPMT stock have been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of 0.09 on Accern's scale. They also gave news coverage about the company an impact score of 45.67 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Granite Point Mortgage Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.57%), State Treasurer State of Michigan (4.88%), Northern Trust Corp (1.43%), American Century Companies Inc. (1.10%), Jacobs Asset Management LLC (1.06%) and Nuveen Asset Management LLC (0.96%). Company insiders that own Granite Point Mortgage Trust stock include Brian Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart, Steven Plust, Tanuja Dehne, Two Harbors Investment Corp, William Reid Sanders and William Roth. View Institutional Ownership Trends for Granite Point Mortgage Trust.

GPMT stock was sold by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., LSV Asset Management, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Nuveen Asset Management LLC, Royal Bank of Canada, BlackRock Inc. and Jacobs Asset Management LLC. View Insider Buying and Selling for Granite Point Mortgage Trust.

GPMT stock was acquired by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Resource America Inc., Athanor Capital LP, KAMES CAPITAL plc, Crawford Investment Counsel Inc., Barclays PLC, Eventide Asset Management LLC and Dean Investment Associates LLC. Company insiders that have bought Granite Point Mortgage Trust stock in the last two years include Brian Taylor, Marcin Urbaszek, Rebecca B Sandberg, Stephen Alpart, Steven Plust, Tanuja Dehne, Two Harbors Investment Corp, William Reid Sanders and William Roth. View Insider Buying and Selling for 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.

One share of GPMT stock can currently be purchased for approximately $18.56.

Granite Point Mortgage Trust has a market capitalization of $811.07 million and generates $75.37 million in revenue each year.

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]