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

Sign in or create an account to add this stock to your watchlist.
$18.56 -0.20 (-1.07 %)
(As of 06/24/2018 08:42 AM ET)
Previous Close$18.56
Today's Range$18.52 - $18.84
52-Week Range$16.15 - $19.30
Volume579,200 shs
Average Volume194,090 shs
Market Capitalization$811.07 million
P/E Ratio19.34
Dividend Yield8.10%
BetaN/A
Granite Point Mortgage Trust logoGranite 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.

Receive GPMT News and Ratings via Email

Sign-up to receive the latest news and ratings for GPMT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio0.17
Current Ratio16.04
Quick Ratio16.04

Price-To-Earnings

Trailing P/E Ratio19.34
Forward P/E Ratio11.32
P/E Growth0.53

Sales & Book Value

Annual Sales$75.37 million
Price / Sales10.65
Cash Flow$1.1422 per share
Price / Cash16.25
Book Value$19.17 per share
Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$53.30 million
Net Margins40.63%
Return on Equity6.74%
Return on Assets2.37%

Miscellaneous

EmployeesN/A
Outstanding Shares43,230,000

The Truth About Cryptocurrencies

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 declared a quarterly dividend on Thursday, June 21st. Shareholders 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 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.

How were Granite Point Mortgage Trust's earnings last quarter?

Granite Point Mortgage Trust Inc (NYSE:GPMT) announced its earnings results on Wednesday, May, 9th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $39.98 million for 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.

When is Granite Point Mortgage Trust's next earnings date?

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.

What price target have analysts set for GPMT?

7 analysts 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 $19.6429 in the next year. View Analyst Ratings for Granite Point Mortgage Trust.

Who are some of Granite Point Mortgage Trust's key competitors?

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.

Has Granite Point Mortgage Trust been receiving favorable news coverage?

Media coverage about GPMT stock has been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of 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 daily sentiment score of 0.07 on Accern's scale. They also assigned press coverage about the company an impact score of 46.91 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are Granite Point Mortgage Trust's major shareholders?

Granite Point Mortgage Trust's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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.

Which major investors are selling Granite Point Mortgage Trust stock?

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.

Which major investors are buying Granite Point Mortgage Trust stock?

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.

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 $18.56.

How big of a company is Granite Point Mortgage Trust?

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

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 (GPMT)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  101 (Vote Outperform)
Underperform Votes:  127 (Vote Underperform)
Total Votes:  228
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.
This page was last updated on 6/24/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.