Granite Point Mortgage Trust Inc. (GPMT)

NYSE: GPMT · IEX Real-Time Price · USD
9.96
-0.10 (-0.99%)
May 16, 2022 4:00 PM EDT - Market closed
Market Cap536.40M
Revenue (ttm)81.45M
Net Income (ttm)40.61M
Shares Out53.86M
EPS (ttm)1.23
PE Ratio8.10
Forward PE12.24
Dividend$1.00 (10.04%)
Ex-Dividend DateMar 31, 2022
Volume233,328
Open9.99
Previous Close10.06
Day's Range9.93 - 10.08
52-Week Range9.53 - 15.92
Beta1.41
AnalystsBuy
Price Target14.79 (+48.5%)
Earnings DateMay 10, 2022

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...

IndustryMortgage Real Estate Investment Trusts (REITs)
IPO DateJun 23, 2017
CEOJohn Taylor
Employees33
Stock ExchangeNYSE
Ticker SymbolGPMT
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 14.79, which is an increase of 48.49% from the latest price.

Price Target
$14.79
(48.49% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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

6 days ago - Business Wire

Granite Point Mortgage Trust Inc. Announces $590 million Refinancing of Legacy Funding Vehicles, Incremental $50 mill...

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

2 weeks 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

2 weeks 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 month 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 month 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

2 months ago - Business Wire

Granite Point Mortgage Trust (GPMT) Q4 Earnings and Revenues Lag Estimates

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -11.11% and 10.08%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for th...

2 months ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2021 Financial Results and Post Quarter-End Up...

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2021 Financial Results and Post Quarter-End Update

2 months ago - Business Wire

Analysts Estimate Granite Point Mortgage Trust (GPMT) to Report a Decline in Earnings: What to Look Out for

Granite Point Mortgage Trust (GPMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2021 Earnings Release and Conferen...

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

3 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces 2021 Dividend Tax Information

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2021 Dividend Tax Information

3 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Pricing of Public Offering of Additional Shares of 7.00% Series A Fixed-t...

NEW YORK--(BUSINESS WIRE)--GPMT Announces Pricing of Public Offering of Additional Shares of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

3 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Launch of Public Offering of Additional Shares of 7.00% Series A Fixed-to...

NEW YORK--(BUSINESS WIRE)--GPMT Announces Launch of Public Offering of Additional Shares of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

3 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2021 Common Stock and Preferred Stock Dividends and Busine...

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2021 Common Stock and Preferred Stock Dividends and Business Update

5 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Pricing of Public Offering of 7.00% Series A Fixed-to-Floating Rate Cumul...

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Pricing of Public Offering of 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

5 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Launch of Public Offering of Series A Fixed-to-Floating Rate Cumulative R...

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Launch of Public Offering of Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

5 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Closing of $621 Million Commercial Real Estate CLO

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Closing of $621 Million Commercial Real Estate CLO

6 months ago - Business Wire

Granite Point Mortgage Trust (GPMT) Misses Q3 Earnings and Revenue Estimates

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -10.00% and -0.44%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for t...

6 months ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Reports Third Quarter 2021 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2021 Financial Results and Post Quarter-End Update

6 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Pricing of $621 Million Commercial Real Estate CLO

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Pricing of $621 Million Commercial Real Estate CLO

6 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2021 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2021 Earnings Release and Conference Call

6 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Cash Settlement of Warrants and Third Quarter 2021 Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Cash Settlement of Warrants and Third Quarter 2021 Business Update

7 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces Third Quarter 2021 Common Stock Dividend and Business Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Third Quarter 2021 Common Stock Dividend and Business Update

8 months ago - Business Wire

Granite Point Mortgage Trust (GPMT) Lags Q2 Earnings and Revenue Estimates

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -25.00% and -15.95%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the s...

9 months ago - Zacks Investment Research

Granite Point Mortgage Trust Inc. Reports Second Quarter 2021 Financial Results and Post Quarter-End Update

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Second Quarter 2021 Financial Results and Post Quarter-End Update

9 months ago - Business Wire