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NYSE:GPMT

Granite Point Mortgage Trust (GPMT) Stock Price, News & Analysis

Granite Point Mortgage Trust logo
$2.60 +0.09 (+3.37%)
Closing price 03:58 PM Eastern
Extended Trading
$2.60 -0.01 (-0.38%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Granite Point Mortgage Trust Stock (NYSE:GPMT)

Key Stats

Today's Range
$2.53
$2.62
50-Day Range
$2.30
$2.69
52-Week Range
$1.61
$3.66
Volume
174,250 shs
Average Volume
466,484 shs
Market Capitalization
$126.11 million
P/E Ratio
N/A
Dividend Yield
7.68%
Price Target
$3.00
Consensus Rating
Hold

Company Overview

Granite Point Mortgage Trust Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
59th Percentile Overall Score

GPMT MarketRank™: 

Granite Point Mortgage Trust scored higher than 59% of companies evaluated by MarketBeat, and ranked 596th out of 918 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Granite Point Mortgage Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Granite Point Mortgage Trust has only been the subject of 2 research reports in the past 90 days.

  • Read more about Granite Point Mortgage Trust's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Granite Point Mortgage Trust is -0.85, 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. Sector

    The P/E ratio of Granite Point Mortgage Trust is -0.85, 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 Ratio

    Granite Point Mortgage Trust has a P/B Ratio of 0.21. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Granite Point Mortgage Trust's valuation and earnings.
  • Percentage of Shares Shorted

    0.48% of the float of Granite Point Mortgage Trust has been sold short.
  • Short Interest Ratio / Days to Cover

    Granite Point Mortgage Trust has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Granite Point Mortgage Trust has recently decreased by 40.85%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Granite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 7.94%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Granite Point Mortgage Trust does not have a long track record of dividend growth.

  • Read more about Granite Point Mortgage Trust's dividend.
  • Percentage of Shares Shorted

    0.48% of the float of Granite Point Mortgage Trust has been sold short.
  • Short Interest Ratio / Days to Cover

    Granite Point Mortgage Trust has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Granite Point Mortgage Trust has recently decreased by 40.85%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Granite Point Mortgage Trust has a news sentiment score of 1.30. 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 is a higher news sentiment than the 0.72 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Granite Point Mortgage Trust this week, compared to 2 articles on an average week.
  • MarketBeat Follows

    2 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Granite Point Mortgage Trust insiders have bought 514.86% more of their company's stock than they have sold. Specifically, they have bought $138,197.00 in company stock and sold $22,476.00 in company stock.

  • Percentage Held by Insiders

    Only 3.10% of the stock of Granite Point Mortgage Trust is held by insiders.

  • Percentage Held by Institutions

    51.63% 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.

  • Read more about Granite Point Mortgage Trust's insider trading history.
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GPMT Stock News Headlines

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GPMT Stock Analysis - Frequently Asked Questions

Granite Point Mortgage Trust's stock was trading at $2.79 at the beginning of the year. Since then, GPMT stock has decreased by 6.6% and is now trading at $2.6050.

Granite Point Mortgage Trust Inc. (NYSE:GPMT) issued its earnings results on Thursday, February, 13th. The company reported ($1.99) EPS for the quarter, missing analysts' consensus estimates of ($0.73) by $1.26. The company earned $7.57 million during the quarter, compared to analysts' expectations of $7.90 million. Granite Point Mortgage Trust had a negative net margin of 83.98% and a negative trailing twelve-month return on equity of 18.94%.
Read the conference call transcript
.

Granite Point Mortgage Trust (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.

Top institutional shareholders of Granite Point Mortgage Trust include Epiq Partners LLC (2.41%), Camelot Portfolios LLC (0.78%), Y Intercept Hong Kong Ltd (0.19%) and Ground Swell Capital LLC (0.03%). Insiders that own company stock include Lazar Nikolic, John A Taylor, Tanuja M Dehne and Patrick Gregory Halter.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Granite Point Mortgage Trust investors own include Rithm Capital (RITM), AGNC Investment (AGNC), Two Harbors Investments (TWO), Prospect Capital (PSEC), AT&T (T), Verizon Communications (VZ) and Annaly Capital Management (NLY).

Company Calendar

Last Earnings
2/13/2025
Record date for 7/15 Dividend
7/01/2025
Ex-Dividend for 7/15 Dividend
7/01/2025
Dividend Payable
7/15/2025
Today
8/04/2025
Next Earnings (Estimated)
8/05/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
REIT - MTGE TRUST
Sub-Industry
Trading
Current Symbol
NYSE:GPMT
Previous Symbol
NASDAQ:GPMT
CIK
1703644
Fax
N/A
Employees
30
Year Founded
N/A

Price Target and Rating

High Price Target
$3.25
Low Price Target
$2.75
Potential Upside/Downside
+19.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

EPS (Trailing Twelve Months)
($3.08)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
-$207.05 million
Net Margins
-83.98%
Pretax Margin
-83.94%
Return on Equity
-18.94%
Return on Assets
-5.47%

Debt

Debt-to-Equity Ratio
1.42
Current Ratio
N/A
Quick Ratio
N/A

Sales & Book Value

Annual Sales
$185.55 million
Price / Sales
0.66
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$12.39 per share
Price / Book
0.20

Miscellaneous

Outstanding Shares
48,410,000
Free Float
46,905,000
Market Cap
$121.99 million
Optionable
Optionable
Beta
1.76
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This page (NYSE:GPMT) was last updated on 8/4/2025 by MarketBeat.com Staff
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