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NYSE:GPMTGranite Point Mortgage Trust Stock Price, Forecast & News

$5.75
+0.73 (+14.54 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$5.30
Now: $5.75
$5.99
50-Day Range
$4.06
MA: $4.75
$5.59
52-Week Range
$1.74
Now: $5.75
$19.35
Volume2.46 million shs
Average Volume1.82 million shs
Market Capitalization$317.06 million
P/E Ratio19.83
Dividend YieldN/A
Beta1.39
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.
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Granite Point Mortgage Trust logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.32 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:GPMT
CUSIPN/A
Phone212-364-3200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$246.26 million
Cash Flow$1.31 per share
Book Value$18.58 per share

Profitability

Net Income$70.21 million

Miscellaneous

EmployeesN/A
Market Cap$317.06 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization. Since then, GPMT shares have decreased by 58.0% and is now trading at $5.75. 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 EPS for the quarter, beating the Zacks' consensus estimate of ($0.37) by $0.69. The company had revenue of $29.19 million for the quarter, compared to the consensus estimate of $27.90 million. Granite Point Mortgage Trust had a return on equity of 1.59% and a net margin of 6.36%. 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. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.42 per share on Friday, January 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 29.22%. The ex-dividend date of this dividend is Monday, December 30th. View Granite Point Mortgage Trust's dividend history.

What price target have analysts set for GPMT?

4 brokers have issued 12 month target prices for Granite Point Mortgage Trust's stock. Their forecasts range from $2.50 to $10.00. On average, they expect Granite Point Mortgage Trust's stock price to reach $7.13 in the next twelve months. This suggests a possible upside of 23.9% 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 stories about GPMT stock have been trending somewhat negative on Thursday, according to InfoTrie. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Granite Point Mortgage Trust earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent media 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?

What other stocks do shareholders of Granite Point Mortgage Trust own?

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 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 variety of institutional and retail investors. Top institutional shareholders 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 $5.75.

How big of a company is Granite Point Mortgage Trust?

Granite Point Mortgage Trust has a market capitalization of $317.06 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 6/4/2020 by MarketBeat.com Staff

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