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Granite Point Mortgage Trust (GPMT)
:GPMT
RESEARCH TOOLSreports
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GPMT Stock Chart & Stats
Day’s Range― - ―
52-Week Range$2.46 - $6.13
Previous CloseN/A
Volume143.09K
Average Volume (3M)402.48K
Market Cap
$146.38M
Enterprise Value$1.64B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)$593.63M
Price to Earnings (P/E)―
Beta1.59
Next Earnings
Feb 20, 2025EPS Estimate
-1.31Last Dividend Ex-Date
Dec 31, 2024Dividend Yield10.24%
Share Statistics
EPS (TTM)-3.88
Shares Outstanding49,957,558
10 Day Avg. Volume391,242
30 Day Avg. Volume402,481
Standard Deviation0.17
R-Squared0.33
Alpha-0.03
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.84
Price to Cash Flow (P/CF)6.00
P/FCF Ratio0.80
Enterprise Value/Market Cap11.22
Enterprise Value/Revenue-45.29
Enterprise Value/Gross Profit143.78
Enterprise Value/Ebitda25.59
Forecast
1Y Price Target
$3.53Price Target Upside20.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
Granite Point Mortgage News
PremiumCompany Announcements
Granite Point Mortgage Appoints New Board Members
PremiumCompany Announcements
Granite Point Mortgage Announces Leadership Transition Plan
PremiumCompany Announcements
Granite Point Mortgage Highlights Strategic Financial Position
PremiumCompany Announcements
Granite Point Mortgage Trust Reports Q3 2024 Results
Bulls Say, Bears Say
Bulls Say
Loan ResolutionsGranite Point continues to make steady progress on problem CRE loan resolutions with three loans resolved in the third quarter and another three resolved in the fourth quarter of 2024.
Portfolio PerformanceRepayments came in at a healthy $240.1M and the loan portfolio now sits at $2.3B.
Share RepurchaseDuring the quarter, GPMT 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.
Bears Say
Dividend CoverageDistributable earnings did not cover the reduced $0.05 placeholder dividend.
Earnings ImpactGAAP earnings were negatively impacted by a $27.9M, or $0.55 per share, increase to CECL loan loss reserves.
Loan Portfolio RiskNine loans were assigned a 5-rating (worst on a 5-point scale) with combined UPB of $508.5M, or 21.6% of the portfolio.
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Ownership Overview
2.84% Insiders
11.42% Mutual Funds
0.08% Other Institutional Investors
70.37% 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 Trust’s price range in the past 12 months?
Granite Point Mortgage Trust lowest stock price was $2.46 and its highest was $6.13 in the past 12 months.
What is Granite Point Mortgage Trust’s market cap?
Granite Point Mortgage Trust’s market cap is $146.38M.
When is Granite Point Mortgage Trust’s upcoming earnings report date?
Granite Point Mortgage Trust’s upcoming earnings report date is Feb 20, 2025 which is in 33 days.
How were Granite Point Mortgage Trust’s earnings last quarter?
Granite Point Mortgage Trust 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 Trust overvalued?
According to Wall Street analysts Granite Point Mortgage Trust’s price is currently Undervalued.
Does Granite Point Mortgage Trust pay dividends?
Granite Point Mortgage Trust pays a Quarterly dividend of $0.3 which represents an annual dividend yield of 10.24%. See more information on Granite Point Mortgage Trust dividends here
What is Granite Point Mortgage Trust’s EPS estimate?
Granite Point Mortgage Trust’s EPS estimate is -1.31.
How many shares outstanding does Granite Point Mortgage Trust have?
Granite Point Mortgage Trust has 49,957,558 shares outstanding.
What happened to Granite Point Mortgage Trust’s price movement after its last earnings report?
Granite Point Mortgage Trust 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 1.342%.
Which hedge fund is a major shareholder of Granite Point Mortgage Trust?
Currently, no hedge funds are holding shares in GPMT
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Granite Point Mortgage Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$3.53 (20.48% Upside)
$3.53 (20.48% Upside)
Blogger Sentiment
Bullish
GPMT Sentiment 70%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 228.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 3.4%
Last 30 Days ▼ 3.4%
News Sentiment
Neutral
Bullish news 59%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-41.78%
12-Months-Change
Fundamentals
Return on Equity
-23.47%
Trailing 12-Months
Asset Growth
-26.49%
Trailing 12-Months
Company Description
Granite Point Mortgage Trust
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
$3.53
▲(20.48% Upside)
Technical Analysis
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Best Analysts Covering GPMT
1 Year
1 Year Success Rate
8/19 ratings generated profit
1 Year Average Return
+15.61%
reiterated a buy rating 20 days ago
Copying Stephen Laws's trades and holding each position for 1 Year would result in 42.11% of your transactions generating a profit, with an average return of +15.61% per trade.
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