NYSE:GPMT Granite Point Mortgage Trust (GPMT) Stock Price, News & Analysis $3.16 -0.05 (-1.56%) (As of 02:27 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends 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$3.16▼$3.2350-Day Range$2.84▼$3.5852-Week Range$2.46▼$6.41Volume196,461 shsAverage Volume424,052 shsMarket Capitalization$157.87 millionP/E RatioN/ADividend Yield6.33%Price Target$4.58Consensus RatingModerate Buy 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… Granite Point Mortgage Trust Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks73rd Percentile Overall ScoreGPMT MarketRank™: Granite Point Mortgage Trust scored higher than 73% of companies evaluated by MarketBeat, and ranked 376th out of 959 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.3 / 5Analyst RatingModerate Buy Consensus RatingGranite Point Mortgage Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageGranite 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. Earnings and Valuation0.6 / 5Proj. Earnings GrowthDecreasing Earnings GrowthEarnings for Granite Point Mortgage Trust are expected to decrease in the coming year, from ($2.55) to ($2.67) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Granite Point Mortgage Trust is -0.83, 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 -0.83, 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 0.19. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Short Interest5.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.94% 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 2.3, 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 decreased by 22.98%, indicating that investor sentiment is improving significantly. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipGranite Point Mortgage Trust is a leading dividend payer. It pays a dividend yield of 5.85%, 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 Shorted1.94% 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 2.3, 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 decreased by 22.98%, indicating that investor sentiment is improving significantly. News and Social Media3.9 / 5News Sentiment1.09 News SentimentGranite Point Mortgage Trust has a news sentiment score of 1.09. 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 0.74 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Granite Point Mortgage Trust this week, compared to 1 article on an average week.Search Interest7 people have searched for GPMT on MarketBeat in the last 30 days. MarketBeat Follows3 people have added Granite Point Mortgage Trust to their MarketBeat watchlist in the last 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 HeadlinesChicago Atlantic Real Estate Finance (NASDAQ:REFI) & Granite Point Mortgage Trust (NYSE:GPMT) Head-To-Head ComparisonDecember 14, 2024 | americanbankingnews.comKeefe, Bruyette & Woods Upgrades Granite Point Mortgage Trust Inc. - Preferred Stock (GPMT.PRA)December 11, 2024 | msn.comHealthcare Takes A Big Step Forward With The Help of A.I.To date, we've seen baseline AI models lay the groundwork. Tools like ChatGPT are useful, but they are still simple, proof-of-concept systems. For its next act, AI is going to help save lives. Already better than humans at a number of medical tasks, AI is ramping up to completely revolutionize healthcare.December 18, 2024 | Wall Street Star (Ad)Keefe, Bruyette & Woods Upgrades Granite Point Mortgage Trust (GPMT)December 11, 2024 | msn.comGranite Point upgraded to Market Perform from Underperform at Keefe BruyetteDecember 10, 2024 | markets.businessinsider.comGranite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into FocusNovember 17, 2024 | seekingalpha.comKBW Sticks to Their Sell Rating for Granite Point Mortgage (GPMT)November 12, 2024 | markets.businessinsider.comGranite Point Mortgage Trust Inc (GPMT) Q3 2024 Earnings Call Highlights: Navigating Challenges ...November 9, 2024 | finance.yahoo.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 start of the year. Since then, GPMT shares have decreased by 45.8% and is now trading at $3.22. 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) announced its quarterly 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 company earned $61.42 million during the quarter, compared to analyst estimates of $19.40 million. Granite Point Mortgage Trust had a positive trailing twelve-month return on equity of 0.95% and a negative net margin of 87.21%. When did Granite Point Mortgage Trust IPO? Granite Point Mortgage Trust (GPMT) raised $205 million in an 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 top institutional investors include Hotchkis & Wiley Capital Management LLC (2.66%), Geode Capital Management LLC (2.36%), State Street Corp (2.17%) and Charles Schwab Investment Management Inc. (1.60%). 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 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 Last Earnings2/24/2023Ex-Dividend for 10/15 Dividend10/01/2024Dividend Payable10/15/2024Today12/18/2024Fiscal 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$4.58 High Stock Price Target$6.50 Low Stock Price Target$3.25 Potential Upside/Downside+43.0%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)($3.86) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-63,200,000.00 Net Margins-87.21% Pretax Margin-87.21% Return on Equity0.95% Return on Assets0.27% Debt Debt-to-Equity Ratio1.35 Current RatioN/A Quick RatioN/A Sales & Book Value Annual Sales$47.59 million Price / Sales3.36 Cash Flow$0.87 per share Price / Cash Flow3.68 Book Value$16.65 per share Price / Book0.19Miscellaneous Outstanding Shares49,958,000Free Float48,809,000Market Cap$160.12 million OptionableOptionable Beta1.83 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report This page (NYSE:GPMT) was last updated on 12/18/2024 by MarketBeat.com Staff From Our PartnersHealthcare Takes A Big Step Forward With The Help of A.I.To date, we've seen baseline AI models lay the groundwork. Tools like ChatGPT are useful, but they are still s...Wall Street Star | SponsoredURGENT: This Altcoin Opportunity Won’t Wait – Act NowIt’s here. This is the moment we’ve been waiting for. The next 3-6 months in crypto will be absolutely life...Crypto Swap Profits | SponsoredTop Picks for Trump’s Pro-Crypto AmericaCoins Set to Soar with a Pro-Crypto White House President-Elect Donald Trump is reported to be holding over...Crypto 101 Media | Sponsored Is Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. 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