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NYSE:GPMT

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

Granite Point Mortgage Trust logo
$2.52 -0.09 (-3.27%)
Closing price 03:58 PM Eastern
Extended Trading
$2.52 0.00 (0.00%)
As of 04:06 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
$2.50
$2.59
50-Day Range
$2.52
$3.17
52-Week Range
$2.46
$4.60
Volume
159,499 shs
Average Volume
412,312 shs
Market Capitalization
$122.86 million
P/E Ratio
N/A
Dividend Yield
7.95%
Price Target
$3.38
Consensus Rating
Hold

Company Overview

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.

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Granite Point Mortgage Trust Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
60th Percentile Overall Score

GPMT MarketRank™: 

Granite Point Mortgage Trust scored higher than 60% of companies evaluated by MarketBeat, and ranked 577th out of 952 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 -0.57, 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 -0.57, 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 0.20. 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

    2.83% 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 3.3, 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 increased by 19.27%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Granite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 7.27%, 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

    2.83% 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 3.3, 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 increased by 19.27%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Granite Point Mortgage Trust has a news sentiment score of 0.45. 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 lower news sentiment than the 1.01 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 2 people have searched for GPMT on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Granite Point Mortgage Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought $108,849.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 2.30% 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

Now I look stupid. Real stupid...
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
See More Headlines

GPMT Stock Analysis - Frequently Asked Questions

Granite Point Mortgage Trust's stock was trading at $2.79 at the start of the year. Since then, GPMT shares have decreased by 9.9% and is now trading at $2.5150.
View the best growth stocks for 2025 here
.

Granite Point Mortgage Trust Inc. (NYSE:GPMT) released its quarterly earnings data on Thursday, February, 13th. The company reported ($1.99) earnings per share (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 analyst estimates of $7.90 million. Granite Point Mortgage Trust had a negative net margin of 111.59% and a negative trailing twelve-month return on equity of 14.08%.

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

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 Investment (TWO), Prospect Capital (PSEC), AT&T (T), Verizon Communications (VZ) and Annaly Capital Management (NLY).

Company Calendar

Record date for 1/15 Dividend
12/31/2024
Ex-Dividend for 1/15 Dividend
12/31/2024
Dividend Payable
1/15/2025
Last Earnings
2/13/2025
Today
4/01/2025
Record date for 4/15 Dividend
4/01/2025
Ex-Dividend for 4/15 Dividend
4/01/2025
Dividend Payable
4/15/2025
Next Earnings (Estimated)
5/06/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Trading
Current Symbol
NYSE:GPMT
Previous Symbol
NASDAQ:GPMT
Fax
N/A
Employees
30
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$3.38
High Stock Price Target
$3.50
Low Stock Price Target
$3.25
Potential Upside/Downside
+34.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-207,050,000.00
Net Margins
-111.59%
Pretax Margin
-577.04%

Debt

Sales & Book Value

Annual Sales
$39.86 million
Cash Flow
$0.79 per share
Price / Cash Flow
3.17
Book Value
$12.39 per share
Price / Book
0.20

Miscellaneous

Free Float
48,809,000
Market Cap
$122.86 million
Optionable
Optionable
Beta
1.89
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This page (NYSE:GPMT) was last updated on 4/1/2025 by MarketBeat.com Staff
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