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Granite Point Mortgage (GPMT)
NYSE:GPMT
Granite Point Mortgage (GPMT) Stock Price & Analysis
544 Followers
GPMT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.29 - $6.01
Previous Close$3.33
Volume281.38K
Average Volume (3M)425.26K
Market Cap
$169.95M
Enterprise Value$65.70M
Total Cash (Recent Filing)$188.37M
Total Debt (Recent Filing)$84.00M
Price to Earnings (P/E)-1.4
Beta1.33
Next Earnings
Aug 05, 2024EPS Estimate
-$0.27Last Dividend Ex-Date
Mar 28, 2024Dividend Yield22.66%
Share Statistics
EPS (TTM)-2.35
Shares Outstanding51,034,800
10 Day Avg. Volume617,955
30 Day Avg. Volume425,261
Standard Deviation0.16
R-Squared0.36
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)0.20
Price to Sales (P/S)1268.25
Price to Cash Flow (P/CF)4.40
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.19
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda0.52
Forecast
1Y Price Target
$4.93Price Target Upside44.57% Upside
Rating ConsensusHold
Number of Analyst Covering3
Granite Point Mortgage News
PremiumStock Analysis & Ideas
2 “Strong Buy” Dividend Stocks Under $10 With at Least 15% Dividend Yield
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
4.19% Insiders
16.74% Mutual Funds
24.35% Other Institutional Investors
54.71% 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 $3.29 and its highest was $6.01 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 Aug 05, 2024 which is in 79 days.
How were Granite Point Mortgage’s earnings last quarter?
Granite Point Mortgage released its earnings results on May 07, 2024. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.025 by $0.005.
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 $0.15 which represents an annual dividend yield of 22.66%. See more information on Granite Point Mortgage dividends here
What is Granite Point Mortgage’s EPS estimate?
Granite Point Mortgage’s EPS estimate is -$0.27.
How many shares outstanding does Granite Point Mortgage have?
Granite Point Mortgage has 51,034,800 shares outstanding.
What happened to Granite Point Mortgage’s price movement after its last earnings report?
Granite Point Mortgage reported an EPS of $0.03 in its last earnings report, beating expectations of $0.025. Following the earnings report the stock price went down -12.557%.
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 6M.
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Granite Point Mortgage Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$4.93 (44.57% Upside)
$4.93 (44.57% Upside)
Blogger Sentiment
Bearish
GPMT Sentiment 80%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 57.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.7%
Last 30 Days ▼ 4.9%
Last 30 Days ▼ 4.9%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-8.89%
12-Months-Change
Fundamentals
Return on Equity
-12.32%
Trailing 12-Months
Asset Growth
-21.73%
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
Q1 2024
0:00 / 0:00
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GPMT Stock 12 Month Forecast
Average Price Target
$4.93
▲(44.57% Upside)
Technical Analysis
Best Analysts Covering GPMT
1 Year
1 Year Success Rate
7/8 ratings generated profit
1 Year Average Return
+19.60%
assigned a sell rating 10 days ago
Copying Jade Rahmani's trades and holding each position for 1 Year would result in 87.50% of your transactions generating a profit, with an average return of +19.60% per trade.
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