Granite Point Mortgage Trust Inc. (GPMT)

NYSE: GPMT · IEX Real-Time Price · USD
4.630
-0.050 (-1.07%)
Feb 26, 2024, 4:00 PM EST - Market closed
-1.07%
Market Cap 234.68M
Revenue (ttm) -13.96M
Net Income (ttm) -70.43M
Shares Out 50.58M
EPS (ttm) -1.36
PE Ratio n/a
Forward PE 47.62
Dividend $0.80 (17.28%)
Ex-Dividend Date Dec 28, 2023
Volume 358,853
Open 4.640
Previous Close 4.680
Day's Range 4.590 - 4.725
52-Week Range 3.970 - 6.405
Beta 1.87
Analysts Buy
Price Target 6.50 (+40.39%)
Earnings Date Feb 14, 2024

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 35
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 $6.5, which is an increase of 40.39% from the latest price.

Price Target
$6.5
(40.39% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Post Quarter-End Update.

12 days ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call.

24 days ago - Business Wire

Granite Point Mortgage Trust Inc. Announces 2023 Dividend Tax Information

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2023 Dividend Tax Information.

26 days ago - Business Wire

KBW's Jade Rahmani: We're cautious on the commercial mortgage REITs

Jade Rahmani, KBW managing director, joins 'Fast Money' to talk the commercial real estate market.

5 weeks ago - CNBC Television

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Common and Preferred Stock Dividends and Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2023 Common and Preferred Stock Dividends and Business Update.

2 months ago - Business Wire

These 3 Financial Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Granite Point Mortgage (NYSE:GPMT), Annaly Capital Management (NYSE:NLY)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: NLYTRTX
3 months ago - Benzinga

Granite Point Mortgage Trust Inc. Reports Third Quarter 2023 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2023 Financial Results and Post Quarter-End Update.

3 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2023 Earnings Release and Conference Call.

4 months ago - Business Wire

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

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2023 Common and Preferred Stock Dividends.

5 months ago - Business Wire

Granite Point Mortgage Trust Inc. Reports Second Quarter 2023 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Second Quarter 2023 Financial Results and Post Quarter-End Update.

7 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Second Quarter 2023 Earnings Release and Conference Call.

7 months ago - Business Wire

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

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Second Quarter 2023 Common and Preferred Stock Dividends.

8 months ago - Business Wire

Granite Point Mortgage Trust Inc. Reports First Quarter 2023 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports First Quarter 2023 Financial Results and Post Quarter-End Update.

10 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2023 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2023 Earnings Release and Conference Call.

10 months ago - Business Wire

REITs Slide To Even Lower New Lows: These 4 Get There

Real estate investment trusts have been among the worst 12-month performers as the Fed took interest rates higher and as the banking industry adjusted to difficulties.

Other symbols: ILPTNREFPDM
11 months ago - Forbes

Granite Point Mortgage Trust Inc. Announces $269 million Refinancing of Legacy CRE CLO

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

1 year ago - Business Wire

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...

1 year 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...

1 year 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...

1 year ago - Business Wire

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.

1 year 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 year 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 year 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...

1 year 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 ...

1 year ago - Business Wire

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

1 year ago - Business Wire