Granite Point Mortgage Trust Inc. (GPMT)

NYSE: GPMT · Real-Time Price · USD
2.550
+0.110 (4.51%)
May 29, 2025, 4:00 PM - Market closed
4.51%
Market Cap 123.43M
Revenue (ttm) -98.23M
Net Income (ttm) -154.14M
Shares Out 48.41M
EPS (ttm) -3.09
PE Ratio n/a
Forward PE n/a
Dividend $0.20 (7.84%)
Ex-Dividend Date Apr 1, 2025
Volume 355,818
Open 2.460
Previous Close 2.440
Day's Range 2.460 - 2.575
52-Week Range 1.610 - 3.660
Beta 1.70
Analysts Buy
Price Target 2.75 (+7.84%)
Earnings Date May 6, 2025

About 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 rea... [Read more]

Industry REIT - Mortgage
Sector Real Estate
IPO Date Jun 23, 2017
Employees 33
Stock Exchange NYSE
Ticker Symbol GPMT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for GPMT stock is "Buy." The 12-month stock price forecast is $2.75, which is an increase of 7.84% from the latest price.

Price Target
$2.75
(7.84% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Fat Dividends Served Reality Check

Big dividends sound great, but how about big losses? Since Q2 2025 began, book values got smacked. Not talking about share prices. You can tell if the share price declined (hopefully). That would be a...

5 hours ago - Seeking Alpha

Granite Point Mortgage Trust, Inc. (GPMT) Q1 2025 Earnings Call Transcript

Granite Point Mortgage Trust, Inc. (NYSE:GPMT) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Chris Petta - Head, IR Jack Taylor - President & CEO Steve Alpart - CIO & ...

22 days ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Reports First Quarter 2025 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports First Quarter 2025 Financial Results and Post Quarter-End Update.

23 days ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2025 Earnings Release and Conference Call and Provides Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2025 Earnings Release and Conference Call and Provides Business Update.

4 weeks ago - Business Wire

Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)

Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares o...

5 weeks ago - Seeking Alpha

15% Yields Want To Mug Your Dividends

Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture...

2 months ago - Seeking Alpha

Granite Point Mortgage: Definitely Not Out Of The Woods Yet

Granite Point Mortgage Trust's preferred shares face challenges with dividend coverage and asset coverage ratios amid increased operating expenses and credit provisions. Despite a significant pre-tax ...

2 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Announces First Quarter 2025 Common and Preferred Stock Dividends and Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces First Quarter 2025 Common and Preferred Stock Dividends and Business Update.

2 months ago - Business Wire

9% Yields From Baby Bonds

Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll loo...

3 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Announces 2025 Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2025 Annual Meeting of Stockholders.

3 months ago - Business Wire

8% Or Higher Yields Face Off

Six investments enter, six leave. This isn't a death match. All six have huge yields, but the valuations create some material differences. We've added three more baby bonds to our sector charts.

3 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. (GPMT) Q4 2024 Earnings Call Transcript

Granite Point Mortgage Trust Inc. (NYSE:GPMT) Q4 2024 Earnings Conference Call February 14, 2025 11:00 AM ET Company Participants Chris Petta - Investor Relations Jack Taylor - President and Chief Ex...

3 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2024 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2024 Financial Results and Post Quarter-End Update.

3 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces 2024 Dividend Tax Information

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2024 Dividend Tax Information.

4 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call.

4 months ago - Business Wire

Past Time To Take Gains On These Big Yielders

These shares don't give investors a big enough yield or enough upside. The performance throughout the sector has been great, but occasionally, it's better to just pocket the gains.

4 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Mourns the Passing of Director W. Reid Sanders

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Mourns the Passing of Director W. Reid Sanders.

4 months ago - Business Wire

High Yield REITs Whacked By Higher Rates

Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around th...

4 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Announces Patrick Halter and Lazar Nikolic Appointed to the Board of Directors

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Patrick Halter and Lazar Nikolic Appointed to the Board of Directors.

4 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces COO Transition

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces COO Transition.

5 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update.

5 months ago - Business Wire

Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus

Granite Point Mortgage Trust's common equity is down 36% in 2024, trading at a 65% discount to book value due to office property loan exposure. The mREIT's third-quarter book value dipped by 59 cents ...

6 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. (GPMT) Q3 2024 Earnings Call Transcript

Granite Point Mortgage Trust Inc. (NYSE:GPMT) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Petta - Investor Relations Jack Taylor - President and Chief Exe...

7 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2024 Financial Results and Post Quarter-End Update.

7 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2024 Earnings Release and Conference Call.

7 months ago - Business Wire