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Granite Point Mortgage (GPMT)
NYSE:GPMT
Holding GPMT?
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GPMT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.49 - $6.41
Previous Close$2.56
Volume228.18K
Average Volume (3M)493.76K
Market Cap
$129.75M
Enterprise Value$129.15M
Total Cash (Recent Filing)$85.92M
Total Debt (Recent Filing)$85.19M
Price to Earnings (P/E)―
Beta1.33
Next Earnings
Nov 05, 2024EPS Estimate
-$0.59Last Dividend Ex-Date
Jul 01, 2024Dividend Yield23.53%
Share Statistics
EPS (TTM)-3.68
Shares Outstanding50,684,117
10 Day Avg. Volume426,364
30 Day Avg. Volume493,763
Standard Deviation0.16
R-Squared0.32
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)0.17
Price to Sales (P/S)124.92
Price to Cash Flow (P/CF)19.70
P/FCF Ratio0.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.41
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda2.35
Forecast
1Y Price Target
$3.13Price Target Upside19.47% Upside
Rating ConsensusHold
Number of Analyst Covering3
Granite Point Mortgage News
PremiumPre-Earnings
Is GPMT a Buy, Before Earnings?
PremiumCompany Announcements
Granite Point Awards RSUs to Executives for Talent Retention
Bulls Say, Bears Say
Bulls Say
Debt ResolutionRecent Problem Loan Resolutions Provide a Clearer Path Forward.
Return PotentialGPMT shares could provide a substantial total return, including significant price appreciation and a robust cash yield.
Stock ValueGranite Point's shares present an attractive deep value opportunity.
Bears Say
Credit QualityAn increase in loans rated 5 within Granite Point Mortgage Trust's loan portfolio signals a rise in potential risk, which could impact financial stability.
Financial PerformanceGranite Point Mortgage Trust reported a distributable loss per share, raising questions about the company's ability to maintain its dividend payouts.
Stock ValuationThe stock's significant discount to book value suggests market skepticism about the near-term improvement in Granite Point Mortgage Trust's financial position.
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Ownership Overview
4.47% Insiders
17.45% Mutual Funds
24.84% Other Institutional Investors
53.24% 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 $2.49 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 Nov 05, 2024 which is in 80 days.
How were Granite Point Mortgage’s earnings last quarter?
Granite Point Mortgage released its earnings results on Aug 05, 2024. The company reported -$0.18 earnings per share for the quarter, beating the consensus estimate of -$0.209 by $0.029.
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 23.53%. See more information on Granite Point Mortgage dividends here
What is Granite Point Mortgage’s EPS estimate?
Granite Point Mortgage’s EPS estimate is -$0.59.
How many shares outstanding does Granite Point Mortgage have?
Granite Point Mortgage has 50,684,116 shares outstanding.
What happened to Granite Point Mortgage’s price movement after its last earnings report?
Granite Point Mortgage reported an EPS of -$0.18 in its last earnings report, beating expectations of -$0.209. Following the earnings report the stock price went down -4.461%.
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 5M.
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Granite Point Mortgage Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$3.13 (19.47% Upside)
$3.13 (19.47% Upside)
Blogger Sentiment
Neutral
GPMT Sentiment 50%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 57.7K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 1.7%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.08%
12-Months-Change
Fundamentals
Return on Equity
-21.24%
Trailing 12-Months
Asset Growth
-23.08%
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
Q2 2024
0:00 / 0:00
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GPMT Stock 12 Month Forecast
Average Price Target
$3.13
▲(19.47% Upside)
Technical Analysis
Best Analysts Covering GPMT
1 Year
1 Year Success Rate
7/18 ratings generated profit
1 Year Average Return
+16.17%
reiterated a buy rating 9 days ago
Copying Stephen Laws's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +16.17% per trade.
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