GPMT
Granite Point Mortgage Trust Inc.
Set alert
4.27 USD -0.13 -2.95%
4.19 Day range 4.58
4.27 52-week range 28.30
- YTD
- -82.21%
- 1 year
- -83.83%
- Open
- 4.35
- Prev close
- 4.40
- Mkt cap
- 20.58M
- Vol
- 65.95K
- Avg vol
- 34.31K
- EPS
- -20.00
- P/E
- 0.00
- Div yield
- 6.83%
More statistics
- Low
- 4.19
- High
- 4.58
- Forward P/E
- -2.89
- Beta
- 1.82
- Short ratio
- 2.09
- Inst. own
- 50.74%
- Dividend
- 0.20
- Ex-div date
- Dec 30, 2024
- Earnings
- Feb 12, 2025
- 50-d avg
- 3.21
- 200-d avg
- 3.35
- 1y target
- 3.75
Key statistics
- Market cap
- 142.88M
- Enterprise value
- 1.64B
- Trailing P/E
- 0.00
- Forward P/E
- -2.89
- PEG ratio
- 0.00
- Price / sales
- -1.02
- Price / book
- 0.21
- EPS (TTM)
- -3.86
- Beta
- 1.82
- Dividend yield
- 6.83%
- Payout ratio
- 588.24%
- Profit margin
- 0.00%
- Revenue (TTM)
- -140.09M
- Revenue growth
- 0.00%
- Free cash flow
- 0
- Total cash
- 113.46M
- Total debt
- 1.61B
- Return on equity
- -23.31%
- Shares outstanding
- 49.96M
- Short % of float
- 2.17%
- 50-day average
- 3.21
- 200-day average
- 3.35
Analyst view
Consensus: buy
Buy
Price target (mean) 3.75 -12.2% downside
Now 4.27
- Target (low)
- 3.25
- Target (mean)
- 3.75
- Target (high)
- 4.00
Ratings (0m) 4 2 buy · 2 hold · 0 sell
- Strong buy1
- Buy1
- Hold2
- Sell0
- Strong sell0
Next earnings
Feb 12, 2025
Expected Feb 12, 2025. Consensus EPS estimate -0.18.
Financials — quick view
GPMT Revenue — quarterly -38.71M
GPMT Net income — quarterly -58.41M
GPMT EPS — quarterly -12.90
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 12, 2025 | Dec 1, 2024 | -1.51 | — | — | — |
| Nov 6, 2024 | Sep 1, 2024 | -0.96 | -0.04 | +0.92 | +95.83% |
| Aug 5, 2024 | Jun 1, 2024 | -0.08 | -0.05 | +0.03 | +37.50% |
| May 7, 2024 | Mar 1, 2024 | 0.10 | -0.03 | -0.13 | -130.00% |
| Feb 14, 2024 | Dec 1, 2023 | -0.42 | 0.14 | +0.56 | +133.33% |
| Nov 7, 2023 | Sep 1, 2023 | 0.18 | 0.18 | 0.00 | 0.00% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Dec 10, 2024 | Keefe, Bruyette & Woods | up | Underperform | Market Perform |
| Nov 15, 2024 | UBS | main | Buy | Buy |
| Nov 12, 2024 | Keefe, Bruyette & Woods | main | Underperform | Underperform |
| Aug 12, 2024 | Keefe, Bruyette & Woods | main | Underperform | Underperform |
| Jul 10, 2024 | Keefe, Bruyette & Woods | main | Underperform | Underperform |
| Apr 10, 2024 | Keefe, Bruyette & Woods | main | Underperform | Underperform |
About Granite Point Mortgage Trust Inc.
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 real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2015 and is headquartered in New York, New York.
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Country
- United States
- Website
- gpmtreit.com
News
- Granite Point Mortgage Trust Inc. Announces Dates for Third Quarter 2026 Earnings Release and Conference Call
- Granite Point Mortgage Trust Inc. Announces Completion of Reverse Stock Split
- Granite Point Mortgage Trust Announces 1-For-10 Reverse Stock Split, Effective Oct. 5
- Granite Point Mortgage Trust Inc. Announces Review of Alternatives to Enhance Stockholder Value and 1-for-10 Reverse Stock Split
- Granite Point Mortgage Trust Inc. Announces Third Quarter 2026 Common and Preferred Stock Dividends and Business Update and New Loan Resolution
- The Dividend Trap: These Mortgage REITs Paid Investors While Destroying Principal
- Palogic Value Fund Sends Letter to the Board of Granite Point Mortgage Trust
- Keefe, Bruyette & Woods Maintains Market Perform on Granite Point Mortgage Tr, Lowers Price Target to $1.25
- Granite Point Mortgage Trust Q2 Earnings Call Highlights
- Granite Point Mortgage Trust Inc. (GPMT) Q2 2026 Earnings Call Transcript
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| ALPART STEPHEN | Chief Investment Officer | Conversion of Exercise of derivative security | Mar 14, 2024 | 171,513 |
| DEHNE TANUJA M. | Director | Sale | Jun 4, 2024 | 50,710 |
| KARBER MICHAEL J. | General Counsel | Conversion of Exercise of derivative security | Mar 14, 2024 | 43,658 |
| KASNET STEPHEN GARFIELD | Director | Sale | Jun 4, 2024 | 121,378 |
| MCGRATH SHEILA K. | Director | Conversion of Exercise of derivative security | May 30, 2024 | 29,747 |
| PLUST STEVEN | Chief Operating Officer | Conversion of Exercise of derivative security | Mar 14, 2024 | 225,259 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 10.73% | 5,362,702 | 15.34M | Sep 29, 2024 |
| Vanguard Group Inc | 5.72% | 2,856,152 | 8.17M | Sep 29, 2024 |
| Hotchkis & Wiley Capital Management, LLC | 2.66% | 1,330,347 | 3.80M | Sep 29, 2024 |
| Morgan Stanley | 2.57% | 1,283,551 | 3.67M | Sep 29, 2024 |
| Geode Capital Management, LLC | 2.36% | 1,177,840 | 3.37M | Sep 29, 2024 |
| State Street Corporation | 2.17% | 1,083,988 | 3.10M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3.19% | 1,595,075 | 4.56M | Sep 29, 2024 |
| iShares Russell 2000 ETF | 2.67% | 1,334,837 | 3.82M | Oct 30, 2024 |
| Vanguard Extended Market Index Fund | 1.75% | 871,777 | 2.49M | Sep 29, 2024 |
| iShares Mortgage Real Estate ETF | 1.58% | 787,936 | 2.25M | Oct 30, 2024 |
| Fidelity Small Cap Index Fund | 1.06% | 529,238 | 1.51M | Aug 30, 2024 |
| iShares Russell 2000 Value ETF | 1.01% | 504,969 | 1.44M | Oct 30, 2024 |