S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
NYSE:GPMT

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

$4.88
+0.09 (+1.88%)
(As of 03/27/2024 ET)
Today's Range
$4.81
$4.97
50-Day Range
$4.50
$6.09
52-Week Range
$3.97
$6.41
Volume
1.06 million shs
Average Volume
359,544 shs
Market Capitalization
$247.60 million
P/E Ratio
N/A
Dividend Yield
16.41%
Price Target
$7.17

Granite Point Mortgage Trust MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
47.0% Upside
$7.17 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.69mentions of Granite Point Mortgage Trust in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.81) to $0.48 Per Share

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.

3.72 out of 5 stars

Finance Sector

374th out of 844 stocks

Real Estate Investment Trusts Industry

84th out of 176 stocks

GPMT stock logo

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.

GPMT Stock Price History

GPMT Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Q4 2023 Granite Point Mortgage Trust Inc Earnings Call
Granite Point Mortgage's Earnings: A Preview
Ladder Capital: Cash Is King
Granite Point Mortgage Trust Inc.
See 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.

Company Calendar

Last Earnings
2/24/2023
Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Today
3/28/2024
Ex-Dividend for 4/15 Dividend
3/28/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Previous Symbol
NASDAQ:GPMT
Fax
N/A
Employees
36
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.17
High Stock Price Target
$9.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+47.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-63,200,000.00
Pretax Margin
-76.96%

Debt

Sales & Book Value

Annual Sales
$263.73 million
Cash Flow
$0.95 per share
Book Value
$16.65 per share

Miscellaneous

Free Float
49,828,000
Market Cap
$247.60 million
Optionable
Optionable
Beta
1.80
The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

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 equities research analysts have issued 12-month price targets for Granite Point Mortgage Trust's stock. Their GPMT share price targets range from $6.00 to $9.00. On average, they expect the company's share price to reach $7.17 in the next year. This suggests a possible upside of 47.0% 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 start of the year. Since then, GPMT shares have decreased by 17.9% and is now trading at $4.8750.
View the best growth stocks for 2024 here
.

Are investors shorting Granite Point Mortgage Trust?

Granite Point Mortgage Trust saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 547,400 shares, a drop of 8.0% from the February 29th total of 595,300 shares. Based on an average daily volume of 409,100 shares, the short-interest ratio is presently 1.3 days. Currently, 1.1% of the company's shares are short sold.
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) issued its quarterly earnings data on Friday, February, 24th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.18 by $0.35. The company 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 declared a quarterly dividend on Thursday, March 14th. Shareholders of record on Monday, April 1st will be given a dividend of $0.15 per share on Monday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 12.31%. 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 16.33%. 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?
When did Granite Point Mortgage Trust IPO?

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 $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 institutional and retail 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 3/28/2024 by MarketBeat.com Staff

From Our Partners