GPMT - Granite Point Mortgage Trust Stock Price, News & Analysis

$18.04 0.27 (1.52 %)
(As of 11/24/2017 04:22 AM ET)
Previous Close$17.77
Today's Range$17.71 - $18.09
52-Week Range$17.02 - $19.30
Volume434,200 shs
Average Volume388,358 shs
Market Capitalization$779.96 million
P/E RatioN/A
Dividend Yield1.80%
BetaN/A

About Granite Point Mortgage Trust (NYSE:GPMT)

Granite Point Mortgage Trust logoGranite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in the United States.


Industry, Sector and Symbol

Industry Mortgage REITs
Sub-IndustryN/A
SectorFinance
SymbolNYSE:GPMT
  • Previous Symbol: NASDAQ:GPMT
  • CUSIPN/A

    Debt

    Debt-to-Equity RatioN/A
    Current Ratio4.62%
    Quick Ratio4.62%

    Price-To-Earnings

    Trailing P/E RatioN/A
    Forward P/E RatioN/A
    P/E GrowthN/A

    Sales & Book Value

    Annual SalesN/A
    Price / SalesN/A
    Cash FlowN/A
    Price / CashN/A
    Book Value$19.22 per share
    Price / Book0.94

    Dividend

    Annual Dividend$0.32
    Dividend Yield1.8%

    Profitability

    Trailing EPSN/A
    Net IncomeN/A
    Net MarginsN/A
    Return on EquityN/A
    Return on AssetsN/A

    Miscellaneous

    EmployeesN/A
    Outstanding Shares43,240,000

    Frequently Asked Questions for Granite Point Mortgage Trust (NYSE:GPMT)

    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 special dividend on Tuesday, September 19th. Investors of record on Friday, September 29th will be paid a dividend of $0.32 per share on Wednesday, October 18th. The ex-dividend date is Thursday, September 28th. View Granite Point Mortgage Trust's Dividend History.

    When will Granite Point Mortgage Trust make its next earnings announcement?

    Granite Point Mortgage Trust is scheduled to release their next quarterly earnings announcement on Monday, February, 5th 2018. View Earnings Estimates for Granite Point Mortgage Trust.

    Where is Granite Point Mortgage Trust's stock going? Where will Granite Point Mortgage Trust's stock price be in 2017?

    5 equities research analysts have issued 12-month price objectives for Granite Point Mortgage Trust's shares. Their forecasts range from $18.00 to $20.50. On average, they anticipate Granite Point Mortgage Trust's share price to reach $19.50 in the next twelve months. View Analyst Ratings for Granite Point Mortgage Trust.

    Are investors shorting Granite Point Mortgage Trust?

    Granite Point Mortgage Trust saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,241,389 shares, an increase of 99.6% from the October 13th total of 621,988 shares. Based on an average daily trading volume, of 290,571 shares, the short-interest ratio is currently 4.3 days. Currently, 2.9% of the company's shares are sold short.

    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:

    • Brian C. Taylor, Chairman of the Board (Age 52)
    • John A. Taylor, President, Chief Executive Officer, Director (Age 61)
    • Marcin Urbaszek, Chief Financial Officer (Age 41)
    • Steven Plust, Chief Operating Officer (Age 58)
    • Stephen Alpart, Chief Investment Officer (Age 53)
    • Rebecca B. Sandberg, General Counsel, Secretary (Age 45)
    • William Roth, Director (Age 60)
    • Thomas E. Siering, Director (Age 57)
    • Tanuja M. Dehne, Independent Director (Age 45)
    • Martin A. Kamarck, Independent Director (Age 68)

    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 acted as the underwriters for the IPO and JMP Securities and Keefe, Bruyette & Woods (a Stifel Company) were co-managers.

    Who owns Granite Point Mortgage Trust stock?

    Granite Point Mortgage Trust's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include TWO HARBORS INVESTMENT CORP. (1.46%), American Century Companies Inc. (0.57%), Jacobs Asset Management LLC (0.21%), Schwab Charles Investment Management Inc. (0.10%), Bank of New York Mellon Corp (0.07%) and Cubist Systematic Strategies LLC (0.06%). 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.

    Who sold Granite Point Mortgage Trust stock? Who is selling Granite Point Mortgage Trust stock?

    Granite Point Mortgage Trust's stock was sold by a variety of institutional investors in the last quarter, including Jacobs Asset Management LLC and Jane Street Group LLC. View Insider Buying and Selling for Granite Point Mortgage Trust.

    Who bought Granite Point Mortgage Trust stock? Who is buying Granite Point Mortgage Trust stock?

    Granite Point Mortgage Trust's stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Schwab Charles Investment Management Inc., Bank of New York Mellon Corp, Cubist Systematic Strategies LLC, California State Teachers Retirement System, Sei Investments Co., IndexIQ Advisors LLC and Wells Fargo & Company MN. 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 Granite Point Mortgage Trust stock?

    Shares of Granite Point Mortgage Trust 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 Granite Point Mortgage Trust stock can currently be purchased for approximately $18.04.

    How big of a company is Granite Point Mortgage Trust?

    Granite Point Mortgage Trust has a market capitalization of $779.96 million.

    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:  1.9 out of 5 (star)
    Outperform Votes:  36 (Vote Outperform)
    Underperform Votes:  59 (Vote Underperform)
    Total Votes:  95
    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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

    Analyst Ratings

    Analysts' Consensus Rating for Granite Point Mortgage Trust (NYSE:GPMT)

      (How are Consensus Ratings Calculated?)
    Ratings Breakdown: 0 Sell Ratings, 2 Hold Ratings, 3 Buy Ratings, 0 Strong Buy Ratings
    Consensus Rating:Buy (Score: 2.60)
    Consensus Price Target: $19.50 (8.09% upside)

    Consensus Price Target History for Granite Point Mortgage Trust (NYSE:GPMT)

    Price Target History for Granite Point Mortgage Trust (NYSE:GPMT)

    Analysts' Ratings History for Granite Point Mortgage Trust (NYSE:GPMT)

    Show:
    DateFirmActionRatingPrice TargetImpact on Share PriceDetails
    11/8/2017Bank of America CorporationLower Price TargetNeutral$19.50 -> $18.00N/AView Rating Details
    10/27/2017Compass PointInitiated CoverageBuy$19.50N/AView Rating Details
    10/12/2017Keefe, Bruyette & WoodsReiterated RatingHold$19.50N/AView Rating Details
    7/18/2017JMP SecuritiesInitiated CoverageMkt Outperform -> Outperform$20.50LowView Rating Details
    7/18/2017J P Morgan Chase & CoInitiated CoverageOverweight -> Overweight$20.00LowView Rating Details
    (Data available from 11/24/2015 forward)

    Earnings

    Earnings History for Granite Point Mortgage Trust (NYSE:GPMT)


    No earnings announcements for this company have been tracked by MarketBeat.com

    Estimates

    Earnings Estimates for Granite Point Mortgage Trust (NYSE:GPMT)
    Current Year EPS Consensus Estimate: $0.93 EPS
    Next Year EPS Consensus Estimate: $1.79 EPS

    Dividends

    Current Dividend Information for Granite Point Mortgage Trust (NYSE:GPMT)

    Most Recent Dividend:10/18/2017
    Annual Dividend:$0.32
    Dividend Yield:1.77%
    Dividend Growth:0.00% (3 Year Average)
    Payout Ratio:34.41% (Based on This Year's Estimates)
    17.88% (Based on Next Year's Estimates)
    Dividend Payments by Quarter for Granite Point Mortgage Trust (NYSE:GPMT)

    Dividend History by Quarter for Granite Point Mortgage Trust (NYSE GPMT)

    AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
    9/19/2017special$0.329/28/20179/29/201710/18/2017
    (Data available from 1/1/2013 forward)

    Insider Trades

    Insider Trading and Institutional Ownership History for Granite Point Mortgage Trust (NYSE GPMT)

    Institutional Ownership Percentage: 16.39%
    Insider Trades by Quarter for Granite Point Mortgage Trust (NYSE:GPMT)
    Institutional Ownership by Quarter for Granite Point Mortgage Trust (NYSE:GPMT)

    Insider Trades by Quarter for Granite Point Mortgage Trust (NYSE GPMT)

    Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
    11/16/2017Brian TaylorDirectorBuy5,600$17.87$100,072.00View SEC Filing  
    11/13/2017Steven PlustCOOBuy2,750$17.63$48,482.50View SEC Filing  
    11/13/2017William Reid SandersDirectorBuy31,000$17.58$544,980.00View SEC Filing  
    11/10/2017Stephen AlpartInsiderBuy2,882$17.70$51,011.40View SEC Filing  
    11/10/2017William RothDirectorBuy10,000$17.56$175,600.00View SEC Filing  
    11/9/2017Marcin UrbaszekCFOBuy3,000$17.37$52,110.00View SEC Filing  
    10/20/2017Two Harbors Investment Corp.Major ShareholderBuy50,000$18.56$928,000.00View SEC Filing  
    10/18/2017Two Harbors Investment Corp.Major ShareholderBuy34,338$18.85$647,271.30View SEC Filing  
    10/13/2017Two Harbors Investment Corp.Major ShareholderBuy28,189$18.95$534,181.55View SEC Filing  
    10/10/2017Two Harbors Investment Corp.Major ShareholderBuy6,572$18.96$124,605.12View SEC Filing  
    10/3/2017Two Harbors Investment Corp.Major ShareholderBuy8,166$18.93$154,582.38View SEC Filing  
    10/2/2017Two Harbors Investment Corp.Major ShareholderBuy66,918$18.80$1,258,058.40View SEC Filing  
    9/27/2017Two Harbors Investment Corp.Major ShareholderBuy7,962$18.95$150,879.90View SEC Filing  
    9/22/2017Two Harbors Investment Corp.Major ShareholderBuy30,655$18.84$577,540.20View SEC Filing  
    9/19/2017Two Harbors Investment Corp.Major ShareholderBuy73,439$18.92$1,389,465.88View SEC Filing  
    9/8/2017Two Harbors Investment Corp.Major ShareholderBuy8,300$19.05$158,115.00View SEC Filing  
    8/30/2017Two Harbors Investment Corp.Major ShareholderBuy12,912$19.05$245,973.60View SEC Filing  
    8/24/2017Two Harbors Investment Corp.Major ShareholderBuy2,394$19.05$45,605.70View SEC Filing  
    8/18/2017Two Harbors Investment Corp.Major ShareholderBuy24,488$19.10$467,720.80View SEC Filing  
    8/17/2017Two Harbors Investment Corp.Major ShareholderBuy32,300$19.09$616,607.00View SEC Filing  
    8/11/2017Two Harbors Investment Corp.Major ShareholderBuy43,212$19.08$824,484.96View SEC Filing  
    8/10/2017William Reid SandersDirectorBuy10,000$19.16$191,600.00View SEC Filing  
    6/28/2017Marcin UrbaszekCFOBuy5,000$19.50$97,500.00View SEC Filing  
    6/28/2017Rebecca B SandbergVPBuy500$19.50$9,750.00View SEC Filing  
    6/28/2017Stephen AlpartInsiderBuy25,700$19.50$501,150.00View SEC Filing  
    6/28/2017Steven PlustCOOBuy25,000$19.50$487,500.00View SEC Filing  
    6/28/2017Tanuja DehneDirectorBuy1,000$19.50$19,500.00View SEC Filing  
    (Data available from 1/1/2013 forward)

    Headlines

    Latest Headlines for Granite Point Mortgage Trust (NYSE GPMT)

    Source:

    Social Media

    Financials

    Chart

    Granite Point Mortgage Trust (NYSE GPMT) Chart for Friday, November, 24, 2017
    Loading chart…

    This page was last updated on 11/24/2017 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.