NYSE:GPMT Granite Point Mortgage Trust (GPMT) Stock Price, News & Analysis → Central Banks Preparing for US Dollar Collapse? (From Behind the Markets) (Ad) Free GPMT Stock Alerts $4.77 -0.10 (-2.05%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$4.70▼$4.7950-Day Range$4.50▼$6.0952-Week Range$3.97▼$6.41Volume814,148 shsAverage Volume401,999 shsMarket Capitalization$242.27 millionP/E RatioN/ADividend Yield16.77%Price Target$7.17 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Granite Point Mortgage Trust alerts: Email Address Granite Point Mortgage Trust MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside50.2% Upside$7.17 Price TargetShort InterestHealthy1.11% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.69Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.81) to $0.48 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.59 out of 5 starsFinance Sector361st out of 858 stocksReal Estate Investment Trusts Industry75th out of 182 stocks 3.3 Analyst's Opinion Consensus RatingGranite Point Mortgage Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $7.17, Granite Point Mortgage Trust has a forecasted upside of 50.2% from its current price of $4.77.Amount of Analyst CoverageGranite Point Mortgage Trust has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.11% of the float of Granite Point Mortgage Trust has been sold short.Short Interest Ratio / Days to CoverGranite Point Mortgage Trust has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Granite Point Mortgage Trust has recently decreased by 8.05%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipGranite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 16.74%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthGranite Point Mortgage Trust does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 166.67% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GPMT. Previous Next 2.6 News and Social Media Coverage News SentimentGranite Point Mortgage Trust has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Granite Point Mortgage Trust this week, compared to 1 article on an average week.Search Interest12 people have searched for GPMT on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Granite Point Mortgage Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.90% of the stock of Granite Point Mortgage Trust is held by insiders.Percentage Held by Institutions51.63% of the stock of Granite Point Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to grow in the coming year, from ($0.81) to $0.48 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is -3.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Granite Point Mortgage Trust is -3.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioGranite Point Mortgage Trust has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsCentral Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.Find out how you can protect yourself now >>> About Granite Point Mortgage Trust Stock (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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2015 and is headquartered in New York, New York.Read More GPMT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GPMT Stock News HeadlinesMarch 23, 2024 | investorplace.comWall Street's Favorite Penny Stocks? 7 Names That Could Make You Filthy RichMarch 22, 2024 | americanbankingnews.comUBS Group Trims Granite Point Mortgage Trust (NYSE:GPMT) Target Price to $6.00March 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.March 22, 2024 | americanbankingnews.comGranite Point Mortgage Trust (NYSE:GPMT) Price Target Cut to $6.00March 16, 2024 | 247wallst.comWant $20,000 In Passive Income? Invest $50,000 Into These 3 Dividend StocksMarch 14, 2024 | msn.comGranite Point Mortgage Trust cut dividend by -25% to $0.15/shareMarch 14, 2024 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces First Quarter 2024 Common and Preferred Stock DividendsMarch 5, 2024 | businesswire.comGranite Point Mortgage Trust Inc. Announces 2024 Annual Meeting of StockholdersMarch 29, 2024 | Behind the Markets (Ad)Central Banks Preparing for US Dollar Collapse?China is spearheading this blatant de-dollarization push, dominating the physical gold market through massive central bank buying. Their ultimate goal? Ditching the greenback in favor of local BRICS currencies.February 21, 2024 | msn.comJMP Securities Downgrades Granite Point Mortgage Trust (GPMT)February 20, 2024 | msn.comGranite Point Mortgage downgraded as JMP points to weak Q4 resultsFebruary 18, 2024 | seekingalpha.comArbor Realty: Oversold By Bears, 12.3% Dividend Yield, I'm BuyingFebruary 16, 2024 | finance.yahoo.comQ4 2023 Granite Point Mortgage Trust Inc Earnings CallFebruary 14, 2024 | msn.comGranite Point Mortgage Trust GAAP EPS of -$0.33 misses by $0.39, Net interest income of $17.33M misses by $2.74MFebruary 14, 2024 | finance.yahoo.comGranite Point Mortgage Trust Inc. Reports Challenging Q4 and Full Year 2023 Amid Market UncertaintyFebruary 14, 2024 | finance.yahoo.comGranite Point Mortgage Trust (GPMT) Q4 Earnings Beat EstimatesFebruary 14, 2024 | businesswire.comGranite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Post Quarter-End UpdateFebruary 13, 2024 | benzinga.comGranite Point Mortgage's Earnings: A PreviewFebruary 13, 2024 | seekingalpha.comLadder Capital: Cash Is KingFebruary 2, 2024 | seekingalpha.comGranite Point Mortgage Trust: Hard To Recommend Even At Large Discounts To Book ValueJanuary 31, 2024 | finance.yahoo.comGranite Point Mortgage Trust Inc. Announces 2023 Dividend Tax InformationJanuary 22, 2024 | barrons.comGranite Point Mortgage Trust Inc.January 16, 2024 | benzinga.comAddressing Performance Concerns: Granite Point Mortgage Manages Decreased Earnings and Adjusts DividendsJanuary 13, 2024 | benzinga.comGranite Point Mortgage Stock (NYSE:GPMT) Dividends: History, Yield and DatesJanuary 13, 2024 | benzinga.comGranite Point Mortgage Stock (NYSE:GPMT), Quotes and News SummaryDecember 27, 2023 | finance.yahoo.comGranite Point Mortgage Trust Inc. (NYSE:GPMT) is favoured by institutional owners who hold 56% of the companyDecember 19, 2023 | msn.comGranite Point Mortgage Trust declares $0.20 dividendSee More Headlines 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. Email Address Company Calendar Last Earnings2/24/2023Ex-Dividend for 1/16 Dividend12/28/2023Dividend Payable1/16/2024Ex-Dividend for 4/15 Dividend3/28/2024Today3/29/2024Dividend Payable4/15/2024Next Earnings (Estimated)5/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:GPMT Previous SymbolNASDAQ:GPMT CUSIPN/A CIK1703644 Webwww.gpmortgagetrust.com Phone(212) 364-5500FaxN/AEmployees36Year FoundedN/APrice Target and Rating Average Stock Price Target$7.17 High Stock Price Target$9.00 Low Stock Price Target$6.00 Potential Upside/Downside+50.2%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($1.50) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-63,200,000.00 Net Margins-23.49% Pretax Margin-76.96% Return on Equity4.10% Return on Assets1.16% Debt Debt-to-Equity Ratio1.25 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$263.73 million Price / Sales0.92 Cash Flow$0.91 per share Price / Cash Flow5.22 Book Value$16.65 per share Price / Book0.29Miscellaneous Outstanding Shares50,790,000Free Float49,828,000Market Cap$242.27 million OptionableOptionable Beta1.80 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. John A. Taylor J.D. (Age 68)President, CEO & Director Comp: $1.51MMr. Marcin Urbaszek C.F.A. (Age 48)VP, CFO, Head of IR & Treasurer Comp: $779.15kMr. Steven Plust (Age 65)VP & COO Comp: $834.15kMr. Stephen Alpart (Age 60)VP, Chief Investment Officer & Co-Head of Originations Comp: $834.15kMr. Peter M. Morral (Age 56)VP, Chief Development Officer & Co-Head of Originations Comp: $834.15kMr. Michael J. Karber (Age 44)VP, General Counsel & Secretary Mr. Chris PettaInvestor Relations OfficerMore ExecutivesKey CompetitorsNexPoint Real Estate FinanceNYSE:NREFFranklin Street PropertiesNYSE:FSPIndustrial Logistics Properties TrustNASDAQ:ILPTAlpine Income Property TrustNYSE:PINECity Office REITNYSE:CIOView All CompetitorsInsiders & InstitutionsQuadrature Capital LtdBought 12,772 shares on 3/25/2024Ownership: 0.049%Vanguard Group Inc.Bought 20,952 shares on 3/11/2024Ownership: 5.536%Goldman Sachs Group Inc.Bought 8,754 shares on 3/1/2024Ownership: 0.368%Sierra Summit Advisors LLCBought 21,155 shares on 2/22/2024Ownership: 0.041%O Dell Group LLCBought 6,000 shares on 2/16/2024Ownership: 0.012%View All Insider TransactionsView All Institutional Transactions GPMT Stock Analysis - Frequently Asked Questions Should I buy or sell Granite Point Mortgage Trust stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GPMT shares. View GPMT analyst ratings or view top-rated stocks. What is Granite Point Mortgage Trust's stock price target for 2024? 3 Wall Street research analysts have issued 1 year price objectives for Granite Point Mortgage Trust's shares. Their GPMT share price targets range from $6.00 to $9.00. On average, they predict the company's stock price to reach $7.17 in the next twelve months. This suggests a possible upside of 50.2% from the stock's current price. View analysts price targets for GPMT or view top-rated stocks among Wall Street analysts. How have GPMT shares performed in 2024? Granite Point Mortgage Trust's stock was trading at $5.94 at the beginning of 2024. Since then, GPMT shares have decreased by 19.7% and is now trading at $4.77. View the best growth stocks for 2024 here. Are investors shorting Granite Point Mortgage Trust? Granite Point Mortgage Trust saw a decrease in short interest in March. As of March 15th, there was short interest totaling 547,400 shares, a decrease of 8.0% from the February 29th total of 595,300 shares. Based on an average daily trading volume, of 409,100 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the shares of the company are sold short. View Granite Point Mortgage Trust's Short Interest. When is Granite Point Mortgage Trust's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our GPMT earnings forecast. How were Granite Point Mortgage Trust's earnings last quarter? Granite Point Mortgage Trust Inc. (NYSE:GPMT) announced its quarterly earnings results on Friday, February, 24th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.35. The business earned $61.42 million during the quarter, compared to the consensus estimate of $19.40 million. Granite Point Mortgage Trust had a positive trailing twelve-month return on equity of 4.10% and a negative net margin of 23.49%. 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 quarterly dividend on Thursday, March 14th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.15 per share on Monday, April 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.58%. The ex-dividend date is Thursday, March 28th. Read our dividend analysis for GPMT. Is Granite Point Mortgage Trust a good dividend stock? Granite Point Mortgage Trust (NYSE:GPMT) pays an annual dividend of $0.80 per share and currently has a dividend yield of 16.74%. GPMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for GPMT. What ETFs hold Granite Point Mortgage Trust's stock? ETFs with the largest weight of Granite Point Mortgage Trust (NYSE:GPMT) stock in their portfolio include Hoya Capital High Dividend Yield ETF (RIET).iShares Mortgage Real Estate ETF (REM). What other stocks do shareholders of Granite Point Mortgage Trust own? Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Point Mortgage Trust investors own include Two Harbors Investment (TWO), Prospect Capital (PSEC), Chembio Diagnostics (CEMI), New Residential Investment (NRZ), Energy Transfer (ET), Calumet Specialty Products Partners (CLMT), New York Mortgage Trust (NYMT), Washington Prime Group (WPG), Invesco Mortgage Capital (IVR) and Annaly Capital Management (NLY). When did Granite Point Mortgage Trust IPO? Granite Point Mortgage Trust (GPMT) raised $205 million in an 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. Who are Granite Point Mortgage Trust's major shareholders? Granite Point Mortgage Trust's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.45%), Vanguard Group Inc. (5.54%), Hotchkis & Wiley Capital Management LLC (2.10%), Charles Schwab Investment Management Inc. (1.98%), Epiq Partners LLC (1.25%) and Relative Value Partners Group LLC (1.20%). Insiders that own company stock include John A Taylor, John A Taylor, Marcin Urbaszek, Stephen Alpart, Steven Plust and William Reid Sanders. View institutional ownership trends. How do I buy shares of Granite Point Mortgage Trust? Shares of GPMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:GPMT) was last updated on 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 Media“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyOnly a fool would buy Nvidia today… Porter & CompanyMost important medical advance in 100 yearsThe Oxford ClubFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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