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, 2017, its investment portfolio includes 61 commercial real estate debt investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. The company was founded in 2015 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GPMT
CUSIPN/A
Phone212-364-3200
Debt
Debt-to-Equity Ratio0.96
Current Ratio35.46
Quick Ratio35.46
Price-To-Earnings
Trailing P/E Ratio14.15
Forward P/E Ratio12.10
P/E Growth0.55
Sales & Book Value
Annual Sales$75.37 million
Price / Sales10.75
Cash Flow$1.1614 per share
Price / Cash16.05
Book Value$19.17 per share
Price / Book0.97
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$53.30 million
Net Margins36.50%
Return on Equity6.87%
Return on Assets2.27%
Miscellaneous
EmployeesN/A
Outstanding Shares43,460,000
Market Cap$805.24 million
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, September 21st. Investors of record on Tuesday, October 2nd will be paid a dividend of $0.42 per share on Thursday, October 18th. This represents a $1.68 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Monday, October 1st. This is a positive change from Granite Point Mortgage Trust's previous quarterly dividend of $0.40. 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) released its earnings results on Monday, August, 6th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $22.84 million for the quarter, compared to analysts' expectations of $41.20 million. Granite Point Mortgage Trust had a net margin of 36.50% and a return on equity of 6.87%. 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?
6 brokerages have issued 12-month price objectives for Granite Point Mortgage Trust's stock. Their forecasts range from $18.00 to $21.00. On average, they expect Granite Point Mortgage Trust's stock price to reach $19.40 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Granite Point Mortgage Trust.
What is the consensus analysts' recommendation for Granite Point Mortgage Trust?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." 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 Colony NorthStar (CLNS), National Health Investors (NHI), Physicians Realty Trust (DOC), Corporate Office Properties Trust (OFC), The GEO Group (GEO), Keppel REIT (KREVF), Rexford Industrial Realty (REXR), Colony Capital (CLNY), MFA Finl Inc/SH (MFA), Corecivic (CXW), Stag Industrial (STAG), Empire State Realty Trust (ESRT), Great Portland Estates (GPEAF), Colony Credit Real Estate (CLNC) and Retail Properties of America (RPAI).
Who are Granite Point Mortgage Trust's key executives?
Granite Point Mortgage Trust's management team includes the folowing people:
- Mr. John A. Taylor J.D., Pres, CEO & Director (Age 62)
- Mr. Marcin Urbaszek C.F.A., CFO & Treasurer (Age 42)
- Mr. Steven Plust, Chief Operating Officer (Age 59)
- Mr. Stephen Alpart, Chief Investment Officer & Co-Head of Originations (Age 54)
- Ms. Rebecca B. Sandberg, VP, Gen. Counsel & Sec. (Age 46)
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.
Who are Granite Point Mortgage Trust's major shareholders?
Granite Point Mortgage Trust's stock is owned by many different of retail and institutional investors. Top institutional shareholders include KAMES CAPITAL plc (1.62%), Timbercreek Investment Management Inc. (1.06%), Louisiana State Employees Retirement System (0.04%) and State of Alaska Department of Revenue (0.03%). 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.
Which major investors are buying Granite Point Mortgage Trust stock?
GPMT stock was bought by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Louisiana State Employees Retirement System, State of Alaska Department of Revenue and Timbercreek Investment Management Inc.. 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.
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 $18.64.
How big of a company is Granite Point Mortgage Trust?
Granite Point Mortgage Trust has a market capitalization of $805.24 million and generates $75.37 million in revenue each year.
What is Granite Point Mortgage Trust's official website?
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 (NYSE 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.
