×
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:GPMT

Granite Point Mortgage Trust Stock Forecast, Price & News

$9.79
+0.22 (+2.30%)
(As of 07/1/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.50
$9.84
50-Day Range
$8.88
$11.11
52-Week Range
$8.81
$15.03
Volume
254,511 shs
Average Volume
377,292 shs
Market Capitalization
$527.25 million
P/E Ratio
13.79
Dividend Yield
10.45%
Price Target
$13.00

Granite Point Mortgage Trust Stock Forecast (MarketRank)

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
32.8% Upside
$13.00 Price Target
Short Interest
Healthy
2.76% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
70.49%
From $0.61 to $1.04 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.62 out of 5 stars

Finance Sector

329th out of 1,393 stocks

Real Estate Investment Trusts Industry

64th out of 235 stocks

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.

Granite Point Mortgage Trust logo

About Granite Point Mortgage Trust (NYSE:GPMT)

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.

GPMT Stock News Headlines

Granite Point Mortgage Trust declares $0.25 dividend
Granite Point Mortgage Trust Q4 2021 Earnings Preview
See More Headlines

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

Company Calendar

Ex-Dividend for 4/15 Dividend
3/31/2022
Dividend Payable
4/15/2022
Last Earnings
5/10/2022
Ex-Dividend for 7/15 Dividend
6/30/2022
Today
7/02/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/08/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+32.8%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
2 Analysts

Profitability

Net Income
$68.35 million
Pretax Margin
23.60%

Debt

Sales & Book Value

Annual Sales
$198.29 million
Cash Flow
$0.73 per share
Book Value
$18.83 per share

Miscellaneous

Free Float
52,994,000
Market Cap
$527.25 million
Optionable
Optionable
Beta
1.37














Granite Point Mortgage Trust Frequently Asked Questions

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

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

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

2 analysts have issued 1 year target prices for Granite Point Mortgage Trust's stock. Their GPMT stock forecasts range from $13.00 to $13.00. On average, they predict Granite Point Mortgage Trust's stock price to reach $13.00 in the next twelve months. This suggests a possible upside of 32.8% from the stock's current price.
View analysts' price targets for Granite Point Mortgage Trust
or view top-rated stocks among Wall Street analysts.

How has Granite Point Mortgage Trust's stock 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 16.4% and is now trading at $9.79.
View the best growth stocks for 2022 here
.

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 8th 2022.
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) posted its quarterly earnings data on Tuesday, May, 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Granite Point Mortgage Trust had a net margin of 23.50% and a trailing twelve-month return on equity of 3.28%. During the same quarter in the previous year, the company posted $0.36 EPS.
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 Thursday, June 16th. Investors of record on Friday, July 1st will be paid a dividend of $0.25 per share on Friday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.21%. The ex-dividend date of this dividend is Thursday, June 30th.
View Granite Point Mortgage Trust's dividend history
.

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 10.45%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Granite Point Mortgage Trust does not yet have a strong track record of dividend growth. The dividend payout ratio of Granite Point Mortgage Trust is 140.85%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 96.15% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend.
View Granite Point Mortgage Trust's dividend history.

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

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 a price of $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."

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 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 $9.79.

How much money does Granite Point Mortgage Trust make?

Granite Point Mortgage Trust (NYSE:GPMT) has a market capitalization of $527.25 million and generates $198.29 million in revenue each year. The company earns $68.35 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does Granite Point Mortgage Trust have?

Granite Point Mortgage Trust employs 33 workers across the globe.

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 Granite Point Mortgage Trust 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 7/3/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.