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Granite Point Mortgage Trust Inc (GPMT)

NYSE
Currency in USD
3.280
-0.070(-2.09%)
Closed
After Hours
3.330+0.050(+1.524%)
GPMT Scorecard
Full Analysis
Management has been aggressively buying back shares
High dividend Yield
Fair Value
Day's Range
3.2703.370
52 wk Range
2.4606.405
Key Statistics
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Prev. Close
3.35
Open
3.35
Day's Range
3.27-3.37
52 wk Range
2.46-6.405
Volume
186.98K
Average Volume (3m)
412.79K
1-Year Change
-40.2%
Book Value / Share
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Fair Value
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Fair Value Upside
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GPMT Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
3.667
Upside
+11.799%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year
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Granite Point Mortgage Company Profile

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.

Granite Point Mortgage Trust Inc SWOT Analysis


Financial Headwinds
Granite Point Mortgage Trust faces challenges with a Q2 2024 GAAP loss of $1.31 per share, impacted by a substantial credit loss provision
Portfolio Under Pressure
Explore GPMT's $2.3 billion loan portfolio, its composition across property types, and the company's cautious approach to new originations
Valuation Insights
Delve into GPMT's market valuation, trading at a significant discount to book value with a price target range of $2.75 to $3.25
Strategic Maneuvers
Learn about GPMT's proactive risk management, dividend reduction, and share repurchase program aimed at navigating market uncertainties
Read full SWOT analysis
GPMT Full Pro Research
Institutional-Grade Stock Analysis
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Granite Point Mortgage Trust Inc Earnings Call Summary for Q4/2024

  • GPMT reports Q3 GAAP net loss of $34.6M, with CFO transition announced for December 1
  • $205M in loans resolved YTD; $280M+ in resolutions expected soon; loan portfolio at $2.5B with 7% yield
  • Share repurchase authorization increased; company aims to maintain liquidity and reinvest in new loans in 2025
  • Distributable loss of $38M ($0.75/share) in Q3; book value per share down to $9.25; CECL reserves at $259M
  • Proactive management of maturing loans; focus on resolving non-performing assets and office loan portfolio
Last Updated: 09-11-2024, 02:26 am
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Compare GPMT to Peers and Sector

Metrics to compare
GPMT
Peers
Sector
Relationship
P/E Ratio
−0.8x−1.3x8.7x
PEG Ratio
0.000.120.03
Price/Book
0.2x0.6x1.0x
Price / LTM Sales
−1.2x7.1x2.8x
Upside (Analyst Target)
19.4%11.4%10.2%
Fair Value Upside
Unlock14.7%2.7%Unlock

Analysts' Recommendations

2 Buy
1 Hold
1 Sell
Ratings:
3 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 3.667

(+11.79% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS -3.85
Dividend Yield
6.10%
Industry Median 5.09%
Annualised payout
0.2000
Paid quarterly
5-Years Growth
-23.16%
Growth Streak

FAQ

What Is the Granite Point Mortgage (GPMT) Stock Price Today?

The Granite Point Mortgage stock price today is 3.28.

What Stock Exchange Does Granite Point Mortgage Trade On?

Granite Point Mortgage is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Granite Point Mortgage?

The stock symbol for Granite Point Mortgage is "GPMT."

Does Granite Point Mortgage Pay Dividends? What’s The Current Dividend Yield?

The Granite Point Mortgage dividend yield is 5.97%.

What Is the Granite Point Mortgage Market Cap?

As of today, Granite Point Mortgage market cap is 164.36M.

What is Granite Point Mortgage Earnings Per Share?

The Granite Point Mortgage EPS is -3.85.

What Is the Next Granite Point Mortgage Earnings Date?

Granite Point Mortgage will release its next earnings report on 19 Feb 2025.

From a Technical Analysis Perspective, Is GPMT a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Sell.
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