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Granite Point Mortgage (GPMT)
NYSE:GPMT
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GPMT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.46 - $6.41
Previous Close$2.93
Volume792.43K
Average Volume (3M)396.41K
Market Cap
$148.37M
Enterprise Value$120.23M
Total Cash (Recent Filing)$113.46M
Total Debt (Recent Filing)$85.19M
Price to Earnings (P/E)―
Beta1.60
Next Earnings
Feb 20, 2025EPS Estimate
-$0.95Next Dividend Ex-Date
Dec 31, 2024Dividend Yield15.15%
Share Statistics
EPS (TTM)-3.88
Shares Outstanding49,957,557
10 Day Avg. Volume5,177,821
30 Day Avg. Volume396,409
Standard Deviation0.17
R-Squared0.32
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.22
Price to Sales (P/S)1.87
Price to Cash Flow (P/CF)6.10
P/FCF Ratio0.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue-3.31
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda1.87
Forecast
1Y Price Target
$3.63Price Target Upside23.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Granite Point Mortgage News
PremiumCompany Announcements
Granite Point Mortgage Trust Reports Q3 2024 Results
PremiumCompany Announcements
Granite Point CFO Transition and New Financial Leadership
Bulls Say, Bears Say
Bulls Say
Book Value IncreaseGPMT repurchased 0.7M shares of its common stock at an average price of $2.73 for $2M, which increased book value by $0.10 per share.
Loan Portfolio ManagementRepayments came in at a healthy $240.1M and the loan portfolio now sits at $2.3B.
Share RepurchaseThe Board increased the share repurchase authorization by 3.0M additional shares.
Bears Say
DividendsDistributable earnings did not cover the reduced $0.05 placeholder dividend.
EarningsGAAP earnings were negatively impacted from a $27.9M, or $0.55 per share, additional credit loss provision.
Loan PortfolioThere were 10 loans assigned a 5-rating with combined UPB of $545.2M, or 20.1% of the portfolio.
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Ownership Overview
2.84% Insiders
12.10% Mutual Funds
6.27% Other Institutional Investors
62.78% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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GPMT FAQ
What was Granite Point Mortgage’s price range in the past 12 months?
Granite Point Mortgage lowest stock price was $2.46 and its highest was $6.41 in the past 12 months.
What is Granite Point Mortgage’s market cap?
Currently, no data Available
When is Granite Point Mortgage’s upcoming earnings report date?
Granite Point Mortgage’s upcoming earnings report date is Feb 20, 2025 which is in 60 days.
How were Granite Point Mortgage’s earnings last quarter?
Granite Point Mortgage released its earnings results on Nov 06, 2024. The company reported -$0.75 earnings per share for the quarter, beating the consensus estimate of -$0.824 by $0.074.
Is Granite Point Mortgage overvalued?
According to Wall Street analysts Granite Point Mortgage’s price is currently Undervalued.
Does Granite Point Mortgage pay dividends?
Granite Point Mortgage pays a Quarterly dividend of $0.05 which represents an annual dividend yield of 15.15%. See more information on Granite Point Mortgage dividends here
What is Granite Point Mortgage’s EPS estimate?
Granite Point Mortgage’s EPS estimate is -$0.95.
How many shares outstanding does Granite Point Mortgage have?
Granite Point Mortgage has 49,957,558 shares outstanding.
What happened to Granite Point Mortgage’s price movement after its last earnings report?
Granite Point Mortgage reported an EPS of -$0.75 in its last earnings report, beating expectations of -$0.824. Following the earnings report the stock price went up 1.316%.
Which hedge fund is a major shareholder of Granite Point Mortgage?
Among the largest hedge funds holding Granite Point Mortgage’s share is Hotchkis & Wiley Capital Management LLC. It holds Granite Point Mortgage’s shares valued at 4M.
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Granite Point Mortgage Stock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$3.63 (23.89% Upside)
$3.63 (23.89% Upside)
Blogger Sentiment
Bullish
GPMT Sentiment 66%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 228.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.8%
Last 30 Days ▼ 8.3%
Last 30 Days ▼ 8.3%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-46.32%
12-Months-Change
Fundamentals
Return on Equity
-23.47%
Trailing 12-Months
Asset Growth
-26.49%
Trailing 12-Months
Company Description
Granite Point Mortgage
Granite Point Mortgage Trust, Inc. operates as a real estate investment trust. It focuses primarily on directly originating, investing in and managing senior commercial mortgage loans and other debt, such as commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.
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GPMT Company Deck
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GPMT Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with substantial progress in loan resolutions and share repurchase activities, but these were countered by significant net losses, a high amount of nonaccrual loans, and ongoing challenges in the office loan sector.Read More>---
GPMT Stock 12 Month Forecast
Average Price Target
$3.63
▲(23.89% Upside)
Technical Analysis
Best Analysts Covering GPMT
1 Year
1 Year Success Rate
8/18 ratings generated profit
1 Year Average Return
+17.13%
reiterated a buy rating 5 months ago
Copying Stephen Laws's trades and holding each position for 1 Year would result in 44.44% of your transactions generating a profit, with an average return of +17.13% per trade.
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