Granite Point Mortgage Trust Inc. (GPMT)

NYSE: GPMT · Real-Time Price · USD
2.830
+0.070 (2.54%)
At close: Mar 14, 2025, 4:00 PM
2.850
+0.020 (0.71%)
After-hours: Mar 14, 2025, 7:08 PM EST
2.54%
Market Cap 138.25M
Revenue (ttm) -165.53M
Net Income (ttm) -221.45M
Shares Out 48.85M
EPS (ttm) -4.39
PE Ratio n/a
Forward PE n/a
Dividend $0.20 (7.07%)
Ex-Dividend Date Apr 1, 2025
Volume 313,233
Open 2.800
Previous Close 2.760
Day's Range 2.765 - 2.875
52-Week Range 2.460 - 5.020
Beta 1.93
Analysts Buy
Price Target 3.38 (+19.44%)
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 $3.38, which is an increase of 19.44% from the latest price.

Price Target
$3.38
(19.44% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 ...

2 days 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 days 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...

9 days 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.

11 days 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.

16 days 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...

4 weeks 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.

4 weeks 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.

6 weeks 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.

6 weeks 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.

7 weeks 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.

7 weeks 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...

2 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.

2 months ago - Business Wire

Granite Point Mortgage Trust Inc. Announces COO Transition

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

2 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.

3 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 ...

4 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...

4 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.

4 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.

5 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...

5 months ago - Seeking Alpha

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.

6 months ago - Business Wire

The High Yield Desert

I frequently discuss high-yield sectors like mortgage REITs, BDCs, and preferred shares, emphasizing the importance of knowing when not to buy. Preferred shares have rallied above targets, reducing bu...

6 months ago - Seeking Alpha

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...

Other symbols: BXMTCMTG
7 months ago - Seeking Alpha

Granite Point Mortgage Trust Inc. Announces CFO Transition

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

7 months ago - Business Wire

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...

7 months ago - Seeking Alpha