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Granite Point Mortgage Trust Inc. (GPMT)

Stock Price: $9.72 USD -0.17 (-1.72%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
Market Cap 536.59M
Revenue (ttm) 47.89M
Net Income (ttm) -46.01M
Shares Out 55.21M
EPS (ttm) -0.84
PE Ratio n/a
Forward PE 8.99
Dividend $0.80
Dividend Yield 8.23%
Trading Day January 15
Last Price $9.72
Previous Close $9.89
Change ($) -0.17
Change (%) -1.72%
Day's Open 9.80
Day's Range 9.67 - 9.88
Day's Volume 366,694
52-Week Range 2.15 - 17.82

News

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Business Wire - 1 week ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Completion of Internalization of Management Function

Business Wire - 2 weeks ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Conversion Rate Adjustment for its Convertible Senior Notes Due 2022 and 2023

Zacks Investment Research - 2 weeks ago

mREITs prospects for 2021 look encouraging backed by coronavirus relief packages and continued Fed purchases. Starwood (STWD), Two Harbors (TWO), Redwood (RWT), Invesco Mortgage (IVR) and Gran...

Other stocks mentioned: IVR, RWT, STWD, TWO
Seeking Alpha - 3 weeks ago

GPMT was an extreme bargain back in May. There are fewer uncertainties now, but enough risks remain that I don't think GPMT is worth the entirety of their book value.

Business Wire - 3 weeks ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2020 Dividend and an Additional Special Common Stock Dividend

Zacks Investment Research - 1 month ago

Granite Point Mortgage Trust (GPMT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Seeking Alpha - 2 months ago

Granite Point Mortgage Trust Inc. (GPMT) CEO John Taylor on Q3 2020 Results - Earnings Call Transcript

Seeking Alpha - 2 months ago

Granite Point Mortgage Trust Inc.'s (GPMT) CEO John Taylor On Q3 2020 Results - Quick Version Earnings Call Transcript

Zacks Investment Research - 2 months ago

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of 35.00% and 7.25%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahe...

Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Third Quarter 2020 Financial Results and Post Quarter-End Update

Benzinga - 2 months ago

Granite Point Mortgage (NYSE: GPMT) announces its next round of earnings this Monday, November 09. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.

Zacks Investment Research - 2 months ago

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.

Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Earnings Release and Conference Call for Third Quarter 2020 Financial Results

Seeking Alpha - 2 months ago

Retail Value Inc again showed top-broker estimated-net gains of 141.2%, while Klepierre had the top 17.19% yield out of 350 U.S. REITs per YCharts data 10/16/20.

Other stocks mentioned: ACRE, AFIN, APTS, ARI, BXMT, CHMI, CIM, GEO, GNL, LADR, OPI, ORC, RVI, STWD
Seeking Alpha - 3 months ago

GPMT is a commercial mortgage REIT. This is currently a risky sector, but the upside on GPMT is substantial.

Business Wire - 3 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Internalization of Management

Business Wire - 3 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Update on Process to Internalize Management Function

Seeking Alpha - 3 months ago

Eighteen U.S. firms announced they would pay a special (or extra) dividend to their shareholders in September 2020.

Other stocks mentioned: BHLB, CRT, KIM, RPAI
The Motley Fool - 3 months ago

The mortgage REIT provided an update on its performance, but it also did something much more important.

Business Wire - 3 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT” or the “Company”) today declared a quarterly dividend of $0.20 per share of common stock for the third quarter...

Business Wire - 3 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Secures $300 Million Strategic Financing

Seeking Alpha - 5 months ago

Granite Point Mortgage Trust: It's Time To Take Notice And Really Understand The Numbers

Seeking Alpha - 5 months ago

Granite Point Mortgage Trust Inc. (GPMT) CEO John Taylor on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 5 months ago

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of 13.64% and 21.92%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead f...

Business Wire - 5 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Second Quarter 2020 Financial Results and Post Quarter-End Update

Seeking Alpha - 5 months ago

Granite Point Mortgage Trust: Best Value In A Risky Sector

Zacks Investment Research - 5 months ago

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.

Business Wire - 5 months ago

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Earnings Release and Conference Call for Second Quarter 2020 Financial Results

Zacks Investment Research - 5 months ago

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.

Seeking Alpha - 6 months ago

4 Mortgage REITs Navigating Rough Seas But Positioned For Significant Gains

Other stocks mentioned: ABR, LADR, TRTX
The Motley Fool - 7 months ago

There's been a big mood shift on Wall Street in the property space. Investors need to tread carefully.

Other stocks mentioned: MAC, PK
The Motley Fool - 7 months ago

A roaring bull market is driving everything higher, even this higher-risk corner of the real estate business.

Other stocks mentioned: IVR, MFA, NLY, NYMT, TWO
The Motley Fool - 7 months ago

Optimism abounds for real estate investment trusts -- for now, at least.

Other stocks mentioned: IVR, MFA, RWT, SRG
Seeking Alpha - 8 months ago

Granite Point Mortgage Trust, Inc. (GPMT) CEO John Taylor on Q1 2020 Results - Earnings Call Transcript

The Motley Fool - 8 months ago

First-quarter results and the CEO's commentary provided reason for hope that the commercial REIT can weather the downturn.

Zacks Investment Research - 8 months ago

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -5.88% and 4.61%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead f...

Zacks Investment Research - 8 months ago

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.

Zacks Investment Research - 10 months ago

Top Ranked Income Stocks to Buy for March 4th

Other stocks mentioned: EFC, GPP, MBT
Seeking Alpha - 10 months ago

Granite Point Mortgage Trust Inc. (GPMT) CEO Jack Taylor on Q4 2019 Results - Earnings Call Transcript

Zacks Investment Research - 10 months ago

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -8.11% and -0.94%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahe...

Zacks Investment Research - 10 months ago

Increased analyst coverage over the last few weeks might lead to solid price appreciation for these stocks.

Other stocks mentioned: CAMT, PLOW, SP, VVNT
Zacks Investment Research - 10 months ago

REITs usually have attractive yields as they are required to distribute nearly 90% of their taxable income every year as dividends to shareholders due to the special tax treatment they receive.

Other stocks mentioned: AGNC, AIV, NLY, NXRT
Seeking Alpha - 1 year ago

Granite Point Mortgage Trust's (GPMT) CEO Jack Taylor on Q3 2019 Results - Earnings Call Transcript

GuruFocus - 1 year ago

Graham-Dodd disciple releases quarterly portfolio.

Other stocks mentioned: DEA, GOOD
GuruFocus - 1 year ago

COO of Granite Point Mortgage Trust Inc (30-Year Financial, Insider Trades) Steven Plust (insider trades) bought 10,600 shares of GPMT on 08/13/2019 at an average price of $18.56 a share.

Seeking Alpha - 1 year ago

Granite Point Mortgage Trust Inc. (GPMT) CEO Jack Taylor on Q2 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Granite Point Mortgage Trust (GPMT) delivered earnings and revenue surprises of -5.26% and -3.71%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead f...

Zacks Investment Research - 1 year ago

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.

Seeking Alpha - 1 year ago

Granite Point Mortgage Trust Inc. (GPMT) CEO Jack Taylor on Q1 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

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.

About GPMT

Granite Point Mortgage 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. As of December 31, 2019, its investment portfolio includes 122 commercial real estate debt investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.

Industry
REIT-Mortgage
IPO Date
Jun 23, 2017
CEO
John Taylor
Country
United States
Stock Exchange
NYSE
Ticker Symbol
GPMT
Full Company Profile

Financial Performance

In 2019, GPMT's revenue was $110.49 million, an increase of 17.78% compared to the previous year's $93.80 million. Earnings were $70.21 million, an increase of 11.32%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for GPMT stock is "Hold." The 12-month stock price forecast is 10.25, which is an increase of 5.45% from the latest price.

Price Target
$10.25
(5.45% upside)
Analyst Consensus: Hold