Should I buy or sell Granite Point Mortgage Trust stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GPMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GPMT, but not buy additional shares or sell existing shares. View GPMT analyst ratings or view top-rated stocks .

What is Granite Point Mortgage Trust's stock price target for 2024?

4 equities research analysts have issued 12-month price objectives for Granite Point Mortgage Trust's shares. Their GPMT share price targets range from $4.75 to $9.00. On average, they anticipate the company's stock price to reach $6.56 in the next twelve months. This suggests a possible upside of 51.9% 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 on January 1st, 2024. Since then, GPMT stock has decreased by 27.3% and is now trading at $4.32. 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 currently 1.3 days. Currently, 1.1% of the company's shares 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) issued its quarterly earnings data on Friday, February, 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.35. The company had revenue of $61.42 million for the quarter, compared to analysts' expectations 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 13.89%. The ex-dividend date of this dividend 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 $0.60 per share and currently has a dividend yield of 14.22%. 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 ETF holds Granite Point Mortgage Trust's stock?

iShares Mortgage Real Estate ETF holds 748,901 shares of GPMT stock, representing 0.56% of its portfolio.

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 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 served 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 many different retail and institutional investors. Top institutional investors include Epiq Partners LLC (1.14%) and Westend Capital Management LLC (0.02%). 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 .

NYSE:GPMT

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

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Free GPMT Stock Alerts

$4.32

+0.04 (+0.93%)

(As of 04/18/2024 ET)

Compare

Today's Range: $4.28
▼
$4.38
50-Day Range: $4.22
▼
$5.30
52-Week Range: $3.97
▼
$6.41

Volume: 314,531 shs
Average Volume: 420,587 shs
Market Capitalization: $219.67 million

P/E Ratio: N/A
Dividend Yield: 13.87%
Price Target: $6.56

Get Granite Point Mortgage Trust alerts:

Granite Point Mortgage Trust MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 51.9% Upside
$6.56 Price Target
Short Interest: Healthy
0.96% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.71
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 77.78%
From $0.27 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.

3.81 out of 5 stars

Finance Sector

364th out of 826 stocks

Real Estate Investment Trusts Industry

75th out of 176 stocks

3.1

Analyst's Opinion

Consensus Rating
Granite Point Mortgage Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 1 hold rating, and 1 sell rating.
Amount of Analyst Coverage
Granite Point Mortgage Trust has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.96% 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 1.1, 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 13.32%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Granite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 14.22%, 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.
Dividend Sustainability
Based on EPS estimates, Granite Point Mortgage Trust will have a dividend payout ratio of 125.00% in the coming year. This indicates that Granite Point Mortgage Trust may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GPMT.

2.6

News and Social Media Coverage

News Sentiment
Granite Point Mortgage Trust has a news sentiment score of 0.71. 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 0.57 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 1 article on an average week.
Search Interest
Only 11 people have searched for GPMT on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Granite Point Mortgage Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.90% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Granite Point Mortgage Trust are expected to grow by 77.78% in the coming year, from $0.27 to $0.48 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Granite Point Mortgage Trust is -2.88, 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 -2.88, 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 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

GPMT Stock News Headlines

April 17, 2024 | msn.com

Granite Point Mortgage Trust (GPMT) Price Target Decreased by 7.14% to 5.53

April 14, 2024 | americanbankingnews.com

AGNC Investment (NASDAQ:AGNCP) vs. Granite Point Mortgage Trust (NYSE:GPMT) Head-To-Head Contrast

April 18, 2024 | InvestorPlace (Ad)

The Next Nvidia?

April 11, 2024 | americanbankingnews.com

Granite Point Mortgage Trust (NYSE:GPMT) PT Lowered to $4.75 at Keefe, Bruyette & Woods

March 23, 2024 | investorplace.com

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March 16, 2024 | 247wallst.com

Want $20,000 In Passive Income? Invest $50,000 Into These 3 Dividend Stocks

March 14, 2024 | msn.com

Granite Point Mortgage Trust cut dividend by -25% to $0.15/share

March 14, 2024 | finance.yahoo.com

Granite Point Mortgage Trust Inc. Announces First Quarter 2024 Common and Preferred Stock Dividends

April 18, 2024 | InvestorPlace (Ad)

The Next Nvidia?

March 5, 2024 | businesswire.com

Granite Point Mortgage Trust Inc. Announces 2024 Annual Meeting of Stockholders

February 21, 2024 | msn.com

JMP Securities Downgrades Granite Point Mortgage Trust (GPMT)

February 20, 2024 | msn.com

Granite Point Mortgage downgraded as JMP points to weak Q4 results

February 18, 2024 | seekingalpha.com

Arbor Realty: Oversold By Bears, 12.3% Dividend Yield, I'm Buying

February 16, 2024 | finance.yahoo.com

Q4 2023 Granite Point Mortgage Trust Inc Earnings Call

February 14, 2024 | msn.com

Granite Point Mortgage Trust GAAP EPS of -$0.33 misses by $0.39, Net interest income of $17.33M misses by $2.74M

February 14, 2024 | finance.yahoo.com

Granite Point Mortgage Trust Inc. Reports Challenging Q4 and Full Year 2023 Amid Market Uncertainty

February 14, 2024 | finance.yahoo.com

Granite Point Mortgage Trust (GPMT) Q4 Earnings Beat Estimates

February 14, 2024 | businesswire.com

Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Post Quarter-End Update

February 13, 2024 | benzinga.com

Granite Point Mortgage's Earnings: A Preview

February 13, 2024 | seekingalpha.com

Ladder Capital: Cash Is King

February 2, 2024 | seekingalpha.com

Granite Point Mortgage Trust: Hard To Recommend Even At Large Discounts To Book Value

January 31, 2024 | finance.yahoo.com

Granite Point Mortgage Trust Inc. Announces 2023 Dividend Tax Information

January 22, 2024 | barrons.com

Granite Point Mortgage Trust Inc.

January 16, 2024 | benzinga.com

Addressing Performance Concerns: Granite Point Mortgage Manages Decreased Earnings and Adjusts Dividends

January 13, 2024 | benzinga.com

Granite Point Mortgage Stock (NYSE:GPMT) Dividends: History, Yield and Dates

January 13, 2024 | benzinga.com

Granite Point Mortgage Stock (NYSE:GPMT), Quotes and News Summary

December 27, 2023 | finance.yahoo.com

Granite Point Mortgage Trust Inc. (NYSE:GPMT) is favoured by institutional owners who hold 56% of the company

See More Headlines

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Company Calendar

Last Earnings: 2/24/2023
Ex-Dividend for 4/15 Dividend: 3/28/2024
Dividend Payable: 4/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:GPMT
Previous Symbol: NASDAQ:GPMT
CUSIP: N/A
CIK: 1703644
Web: www.gpmortgagetrust.com
Phone: (212) 364-5500
Fax: N/A
Employees: 36
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $6.56
High Stock Price Target: $9.00
Low Stock Price Target: $4.75
Potential Upside/Downside: +51.9%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 16.00
P/E Growth: N/A
Net Income: $-63,200,000.00
Net Margins: -23.49%
Pretax Margin: -76.96%
Return on Equity: 4.10%
Return on Assets: 1.16%

Debt

Debt-to-Equity Ratio: 1.25
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $263.73 million
Price / Sales: 0.83
Cash Flow: $0.96 per share
Price / Cash Flow: 4.52
Book Value: $16.65 per share
Price / Book: 0.26

Miscellaneous

Outstanding Shares: 50,790,000
Free Float: 49,828,000
Market Cap: $219.41 million
Optionable: Optionable
Beta: 1.80

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Key Executives

Mr. John A. Taylor J.D. (Age 68)
President, CEO & Director
Comp: $1.51M
Mr. Marcin Urbaszek C.F.A. (Age 48)
VP, CFO, Head of IR & Treasurer
Comp: $779.15k
Mr. Steven Plust (Age 65)
VP & COO
Comp: $834.15k
Mr. Stephen Alpart (Age 60)
VP, Chief Investment Officer & Co-Head of Originations
Comp: $834.15k
Mr. Peter M. Morral (Age 56)
VP, Chief Development Officer & Co-Head of Originations
Comp: $834.15k
Mr. Michael J. Karber (Age 44)
VP, General Counsel & Secretary
Mr. Chris Petta
Investor Relations Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GPMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Granite Point Mortgage Trust stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Point Mortgage Trust in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GPMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GPMT, but not buy additional shares or sell existing shares.
View GPMT analyst ratings or view top-rated stocks.
What is Granite Point Mortgage Trust's stock price target for 2024?: 4 equities research analysts have issued 12-month price objectives for Granite Point Mortgage Trust's shares. Their GPMT share price targets range from $4.75 to $9.00. On average, they anticipate the company's stock price to reach $6.56 in the next twelve months. This suggests a possible upside of 51.9% 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 on January 1st, 2024. Since then, GPMT stock has decreased by 27.3% and is now trading at $4.32.
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 currently 1.3 days. Currently, 1.1% of the company's shares 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) issued its quarterly earnings data on Friday, February, 24th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.35. The company had revenue of $61.42 million for the quarter, compared to analysts' expectations 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 13.89%. The ex-dividend date of this dividend 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 $0.60 per share and currently has a dividend yield of 14.22%. 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 ETF holds Granite Point Mortgage Trust's stock?: iShares Mortgage Real Estate ETF holds 748,901 shares of GPMT stock, representing 0.56% of its portfolio.
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 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 served 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 many different retail and institutional investors. Top institutional investors include Epiq Partners LLC (1.14%) and Westend Capital Management LLC (0.02%). 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 4/18/2024 by MarketBeat.com Staff

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

Granite Point Mortgage Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Granite Point Mortgage Trust Stock (NYSE:GPMT)

GPMT Stock Price History

GPMT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

GPMT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™