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. Stockholders of record on Monday, July 2nd will be given a dividend of $0.40 per share on Wednesday, July 18th. This represents a $1.60 annualized dividend and a dividend yield of 8.62%. The ex-dividend date 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) issued its quarterly earnings data on Wednesday, May, 9th. The company reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $39.98 million for the quarter, compared to analyst estimates of $22.96 million. Granite Point Mortgage Trust had a return on equity of 6.74% and a net margin of 40.63%. 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 Wall Street analysts have issued 12 month target prices for Granite Point Mortgage Trust's stock. Their predictions range from $18.00 to $21.00. On average, they anticipate Granite Point Mortgage Trust's stock price to reach $19.6429 in the next year. This suggests a possible upside of 5.8% from the stock's current price. View Analyst Ratings for Granite Point Mortgage Trust.

7 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, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Granite Point Mortgage Trust include Colony NorthStar (CLNS), National Health Investors (NHI), AmeriCold Realty Trust (COLD), MFA Finl Inc/SH (MFA), Colony Capital (CLNY), Potlatchdeltic (PCH), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Outfront Media (OUT), Corecivic (CXW), Physicians Realty Trust (DOC), Empire State Realty Trust (ESRT), Retail Properties of America (RPAI), Two Harbors Investment (TWO) and Colony Northstar Credit Real Estate (CLNC).

(GPMT) raised $205 million in an initial public offering 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 served as the underwriters for the IPO and JMP Securities and Keefe, Bruyette & Woods (a Stifel Company) were co-managers.

Media stories about GPMT stock have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a coverage optimism score of 0.07 on Accern's scale. They also gave news headlines about the company an impact score of 44.78 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Granite Point Mortgage Trust's stock is owned by a number of of institutional and retail investors. Top institutional investors include KAMES CAPITAL plc (1.57%), LDR Capital Management LLC (0.26%) and Atria Investments LLC (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.

GPMT stock was sold by a variety of institutional investors in the last quarter, including LDR Capital Management LLC. View Insider Buying and Selling for Granite Point Mortgage Trust.

GPMT stock was purchased by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc and Atria Investments 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 $811.76 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]