Granite Point Mortgage Trust Inc. (GPMT)
| Market Cap | 148.37M |
| Revenue (ttm) | -140.09M |
| Net Income (ttm) | -195.63M |
| Shares Out | 49.96M |
| EPS (ttm) | -3.85 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.30 (10.10%) |
| Ex-Dividend Date | Dec 31, 2024 |
| Volume | 457,632 |
| Open | 2.950 |
| Previous Close | 2.930 |
| Day's Range | 2.945 - 3.010 |
| 52-Week Range | 2.460 - 6.130 |
| Beta | 1.89 |
| Analysts | Buy |
| Price Target | 4.58 (+54.21%) |
| Earnings Date | Feb 12, 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]
Financial Performance
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for GPMT stock is "Buy." The 12-month stock price forecast is $4.58, which is an increase of 54.21% from the latest price.
News
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...
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.
Granite Point Mortgage Trust Inc. Announces COO Transition
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces COO Transition.
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.
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 ...
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...
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.
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.
Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2024 Common and Preferred Stock Dividends and Business Update.
3 'Beaten Down' Mortgage REITs: Darkest Before Dawn?
Recent developments in interest rates and market sentiment on rate cuts present an opportunity for highly discounted mortgage REITs with office exposure. Despite challenges, the risk-return profile of...
Granite Point Mortgage Trust Inc. Announces CFO Transition
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces CFO Transition.
Granite Point Mortgage Trust: Office Distress Continues, Are The Preferreds Safe
Granite Point Mortgage Trust has shed 50% over the last year due to the extreme discombobulation of its loan portfolio. Book value per share dipped by 11.7% sequentially during the mREIT's fiscal 2024...
Granite Point Mortgage Trust Inc. (GPMT) Q2 2024 Earnings Call Transcript
Granite Point Mortgage Trust Inc. (NYSE:GPMT) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Chris Petta – Investor Relations Jack Taylor – President and Chief Execu...
Granite Point Mortgage Trust Inc. Reports Second Quarter 2024 Financial Results and Post Quarter-End Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Second Quarter 2024 Financial Results and Post Quarter-End Update.
Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call.
Granite Point: Downside Materialized, I'm Flipping Bullish
I have been very bearish on Granite Point, warning that a dividend cut was inevitable. Now that the dividend has been cut, I see two reasons why it makes sense to start bottom fishing. I flip bullish ...
12%+ Dividend Yields Duel
This is a head-to-head battle between two of the high yielders. Both are at least over 12%. This is a lesson in evaluating similar shares for differences in valuation. The emphasis here is on the chan...
Who Else Is Avoiding These 3 High Yielding REITs?
As many of my readers know, I'm not a yield chaser. I typically like to avoid "sucker yields" to prevent capital losses. In this article, I will examine three REITs that I'm avoiding.
12% Dividend Yield Sure Beats 8%
Management tried to keep the dividend down. They have the cash to pay out. These shares ranked ahead of the common shares. We've invested in these shares before. Now we're doing it again. Except this ...
Granite Point Mortgage Trust Inc. Announces Second Quarter 2024 Common and Preferred Stock Dividends and Business Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Second Quarter 2024 Common and Preferred Stock Dividends and Business Update.
9%+ Yields For Bigger Income
We spotted a new baby bond that was particularly appealing. A discount to face value drove yields higher. When we consider these high-yielding investments, it's important to carefully compare them wit...