Granite Point Mortgage Trust Inc. (GPMT)

NYSE: GPMT · Real-Time Price · USD
2.180
0.00 (0.00%)
May 8, 2025, 4:00 PM - Market closed
0.00%
Market Cap 105.52M
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 (9.17%)
Ex-Dividend Date Apr 1, 2025
Volume 395,412
Open 2.200
Previous Close 2.180
Day's Range 2.130 - 2.235
52-Week Range 1.610 - 4.495
Beta 1.70
Analysts Buy
Price Target 2.38 (+9.17%)
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 $2.38, which is an increase of 9.17% from the latest price.

Price Target
$2.38
(9.17% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 & ...

1 day 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.

2 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.

10 days 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...

17 days 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...

7 weeks 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 ...

7 weeks 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...

2 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.

2 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.

2 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...

2 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.

3 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.

3 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.

3 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.

3 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.

4 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...

6 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.

6 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

3 Shares Yielding Over 9%

We've got three shares where big yields are offset by one flaw or another. I recently closed out my position in one of these shares for a gain of more than 40%. Great choice about 17 months ago. Not a...

7 months ago - Seeking Alpha