Granite Point Mortgage Trust Inc. (GPMT)

NYSE: GPMT · IEX Real-Time Price · USD
5.11
+0.05 (0.99%)
At close: Mar 21, 2023, 4:00 PM
5.17
+0.06 (1.17%)
After-hours: Mar 21, 2023, 7:25 PM EDT
0.99%
Market Cap 268.42M
Revenue (ttm) -4.11M
Net Income (ttm) -55.33M
Shares Out 52.53M
EPS (ttm) -1.04
PE Ratio n/a
Forward PE 8.28
Dividend $0.95 (18.59%)
Ex-Dividend Date Dec 29, 2022
Volume 1,454,291
Open 5.18
Previous Close 5.06
Day's Range 5.11 - 5.23
52-Week Range 4.79 - 11.57
Beta 1.63
Analysts Buy
Price Target 8.67 (+69.67%)
Earnings Date May 9, 2023

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. As of December 31, 2021, its i... [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 10 analysts, the average rating for GPMT stock is "Buy." The 12-month stock price forecast is $8.67, which is an increase of 69.67% from the latest price.

Price Target
$8.67
(69.67% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Granite Point Mortgage Trust Inc. Announces First Quarter 2023 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company's Board of Directors declared a quarterly cash div...

5 days ago - Business Wire

Fair Isaac & Co. Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK , March 3, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of tr...

2 weeks ago - PRNewsWire

Granite Point Mortgage Trust Inc. Announces 2023 Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it will hold its 2023 Annual Meeting of Stockholders virtually...

3 weeks ago - Business Wire

Granite Point Mortgage Trust (GPMT) Reports Q4 Loss, Tops Revenue Estimates

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -188.89% and 8.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for ...

3 weeks ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2022 Financial Results and Post Quarter-End Update

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

3 weeks ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

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

1 month ago - Business Wire

Granite Point Mortgage Trust Inc. Announces 2022 Dividend Tax Information

NEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the tax treatment of common and preferred stock dividends declar...

1 month ago - Business Wire

Granite Point Mortgage Trust Inc. Appoints Sheila K. McGrath to the Board of Directors

NEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that it has appointed Sheila K. McGrath as an independent member...

2 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2022 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)-- Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced that the Company's Board of Directors declared a quarterly cash ...

3 months ago - Business Wire

Granite Point Mortgage Trust (GPMT) Q3 Earnings and Revenues Lag Estimates

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -19.05% and 17.22%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for...

4 months ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Reports Third Quarter 2022 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2022 Financial Results and Post Quarter-End Update

4 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2022 Earnings Release and Conference Call

5 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Third Quarter 2022 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2022 Common and Preferred Stock Dividends

6 months ago - Business Wire

Granite Point Mortgage Trust (GPMT) Matches Q2 Earnings Estimates

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of 0% and 5.04%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Reports Second Quarter 2022 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Second Quarter 2022 Financial Results and Post Quarter-End Update

8 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

8 months ago - Business Wire

Granite Point Mortgage Trust (GPMT) Upgraded to Buy: Here's What You Should Know

Granite Point Mortgage Trust (GPMT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

8 months ago - Zacks Investment Research

Strength Seen in Granite Point Mortgage Trust (GPMT): Can Its 6.3% Jump Turn into More Strength?

Granite Point Mortgage Trust (GPMT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further ...

9 months ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Announces Second Quarter 2022 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Second Quarter 2022 Common and Preferred Stock Dividends

9 months ago - Business Wire

Granite Point Mortgage Trust Inc. Reports First Quarter 2022 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports First Quarter 2022 Financial Results and Post Quarter-End Update

11 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces $590 million Refinancing of Legacy Funding Vehicles, Incremental $50 million Repayment of Term Loan Borrowings and Preliminary Financial Results for First Quarter 2022

NEW YORK--(BUSINESS WIRE)--GPMT Announces $590 million Refinancing of Legacy Funding Vehicles, $50 million Repayment of Term Loan Borrowings and Preliminary Results for Q1'22

11 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2022 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2022 Earnings Release and Conference Call

11 months ago - Business Wire

Granite Point Mortgage Trust Inc. Provides First Quarter 2022 Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Provides First Quarter 2022 Business Update

1 year ago - Business Wire

Granite Point Mortgage Trust Inc. Announces First Quarter 2022 Common and Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces First Quarter 2022 Common and Preferred Stock Dividends

1 year ago - Business Wire

Granite Point Mortgage Trust Inc. Announces 2022 Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2022 Annual Meeting of Stockholders

1 year ago - Business Wire