NYSE:GPMT Granite Point Mortgage Trust (GPMT) Stock Price, News & Analysis $2.99 +0.01 (+0.34%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Granite Point Mortgage Trust alerts: Email Address About Granite Point Mortgage Trust Stock (NYSE:GPMT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get GPMT alerts:Sign Up Key Stats Today's Range$2.93▼$3.0750-Day Range$2.50▼$3.2052-Week Range$2.46▼$6.41Volume427,219 shsAverage Volume435,682 shsMarket Capitalization$152.59 millionP/E RatioN/ADividend Yield6.69%Price Target$5.08Consensus RatingHold Company OverviewGranite 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… Trump’s weapon lurks in abandoned America (Ad)Unemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…Go here now to watch my new documentary Granite Point Mortgage Trust Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 62nd PercentileGranite Point Mortgage Trust scored higher than 62% of companies evaluated by MarketBeat, and ranked 548th out of 912 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.1 / 5Analyst RatingHold Consensus RatingGranite 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 CoverageGranite Point Mortgage Trust has only been the subject of 1 research reports in the past 90 days.Read more about Granite Point Mortgage Trust's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings GrowthGrowing Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to grow in the coming year, from ($2.53) to ($1.61) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is -1.29, 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 -1.29, 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 0.18. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.85% 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 2.1, 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 increased by 26.74%, indicating that investor sentiment is decreasing significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipGranite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 7.52%, 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.Read more about Granite Point Mortgage Trust's dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted1.85% 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 2.1, 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 increased by 26.74%, indicating that investor sentiment is decreasing significantly. News and Social Media2.0 / 5News SentimentN/A News SentimentGranite Point Mortgage Trust has a news sentiment score of 0.56. 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.Search Interest5 people have searched for GPMT on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.MarketBeat FollowsOnly 1 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. Company Ownership0.8 / 5Insider TradingN/A 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 2.30% 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.Read more about Granite Point Mortgage Trust's insider trading history. 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 GPMT Stock News HeadlinesHead to Head Survey: Prologis (NYSE:PLD) vs. Granite Point Mortgage Trust (NYSE:GPMT)September 12, 2024 | americanbankingnews.comGranite Point Mortgage Trust Inc (GPMT)August 29, 2024 | investing.comImminent FDA Decision Could End Obesity in America...This drug could end obesity in America... ...and spark a 224,000% sales surge for one tiny micro-cap stock. Channelnomics says it "Could have a greater impact on the world than artificial intelligence."September 20, 2024 | Behind the Markets (Ad)Granite Point Appoints Blake Johnson As CFOAugust 26, 2024 | markets.businessinsider.comGranite Point Mortgage Trust: Office Distress Continues, Are The Preferreds SafeAugust 19, 2024 | seekingalpha.comGranite Point Mortgage Trust files $500M mixed securities shelfAugust 9, 2024 | msn.comGranite Point Mortgage Trust Second Quarter 2024 Earnings: Misses ExpectationsAugust 7, 2024 | finance.yahoo.comGranite Point Mortgage Trust Non-GAAP EPS of -$0.18 beats by $0.03, revenue of $9.24M misses by $1.07MAugust 7, 2024 | msn.comSee More Headlines GPMT Stock Analysis - Frequently Asked Questions How have GPMT shares performed this year? Granite Point Mortgage Trust's stock was trading at $5.94 at the beginning of the year. Since then, GPMT stock has decreased by 49.7% and is now trading at $2.99. View the best growth stocks for 2024 here. How were Granite Point Mortgage Trust's earnings last quarter? Granite Point Mortgage Trust Inc. (NYSE:GPMT) posted its earnings results 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 firm had revenue of $61.42 million for 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 2.45% and a negative net margin of 74.38%. When did Granite Point Mortgage Trust IPO? Granite Point Mortgage Trust (GPMT) raised $205 million in an initial public offering 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. Who are Granite Point Mortgage Trust's major shareholders? Granite Point Mortgage Trust's top institutional shareholders include Acadian Asset Management LLC (2.30%), Epiq Partners LLC (1.16%), Bank of New York Mellon Corp (0.36%) and &PARTNERS (0.31%). Insiders that own company stock include John A Taylor, Stephen G Kasnet and Marcin Urbaszek. 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. What other stocks do shareholders of Granite Point Mortgage Trust own? Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and New York Mortgage Trust (NYMT). Company Calendar Last Earnings2/24/2023Ex-Dividend for 7/15 Dividend7/01/2024Dividend Payable7/15/2024Today9/20/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:GPMT Previous SymbolNASDAQ:GPMT CUSIPN/A CIK1703644 Webwww.gpmortgagetrust.com Phone(212) 364-5500FaxN/AEmployees30Year FoundedN/APrice Target and Rating Average Stock Price Target$5.08 High Stock Price Target$6.50 Low Stock Price Target$2.75 Potential Upside/Downside+70.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($2.31) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-63,200,000.00 Net Margins-74.38% Pretax Margin-74.37% Return on Equity2.45% Return on Assets0.70% Debt Debt-to-Equity Ratio1.45 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$57.06 million Price / Sales2.67 Cash Flow$1.09 per share Price / Cash Flow2.74 Book Value$16.65 per share Price / Book0.18Miscellaneous Outstanding Shares51,035,000Free Float49,861,000Market Cap$152.59 million OptionableOptionable Beta1.78 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? 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