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Granite Point Mortgage Trust

NYSE:GPMT
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GPMT
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Granite Point Mortgage Trust Inc. 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 last earnings update was 56 days ago. More info.


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GPMT Share Price and Events
7 Day Returns
0.1%
NYSE:GPMT
0.2%
US Mortgage REITs
-0.1%
US Market
1 Year Returns
15.6%
NYSE:GPMT
1.3%
US Mortgage REITs
7.6%
US Market
GPMT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Granite Point Mortgage Trust (GPMT) 0.1% 3.1% 0.3% 15.6% - -
US Mortgage REITs 0.2% 0.2% 1.6% 1.3% 10.9% -7.2%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • GPMT outperformed the Mortgage REITs industry which returned 1.3% over the past year.
  • GPMT outperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Granite Point Mortgage Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Granite Point Mortgage Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Granite Point Mortgage Trust.

NYSE:GPMT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $19.05 * 6.3%
$1.20
Book Value of Equity per Share Median Book Value from the past 5 years. $19.05
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:GPMT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage REITs Unlevered Beta Simply Wall St/ S&P Global 0.29
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.287 (1 + (1- 21%) (249.5%))
0.902
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.902 * 5.96%)
8.11%

Discounted Cash Flow Calculation for NYSE:GPMT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Granite Point Mortgage Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:GPMT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 8.11%) * $19.05)
$-0.34
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.34 / (8.11% - 2.73%)
$-6.37
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $19.05 + $-6.37
$12.68
NYSE:GPMT Discount to Share Price
Calculation Result
Value per share (USD) From above. $12.68
Current discount Discount to share price of $19.19
= -1 x ($19.19 - $12.68) / $12.68
-51.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Granite Point Mortgage Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Granite Point Mortgage Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Granite Point Mortgage Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:GPMT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.45
NYSE:GPMT Share Price ** NYSE (2019-04-23) in USD $19.19
United States of America Mortgage REITs Industry PE Ratio Median Figure of 22 Publicly-Listed Mortgage REITs Companies 11.43x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Granite Point Mortgage Trust.

NYSE:GPMT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GPMT Share Price ÷ EPS (both in USD)

= 19.19 ÷ 1.45

13.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Granite Point Mortgage Trust is overvalued based on earnings compared to the US Mortgage REITs industry average.
  • Granite Point Mortgage Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Granite Point Mortgage Trust's expected growth come at a high price?
Raw Data
NYSE:GPMT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
20.1%per year
United States of America Mortgage REITs Industry PEG Ratio Median Figure of 19 Publicly-Listed Mortgage REITs Companies 1.03x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NYSE:GPMT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.24x ÷ 20.1%

0.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Granite Point Mortgage Trust is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Granite Point Mortgage Trust's assets?
Raw Data
NYSE:GPMT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $18.97
NYSE:GPMT Share Price * NYSE (2019-04-23) in USD $19.19
United States of America Mortgage REITs Industry PB Ratio Median Figure of 36 Publicly-Listed Mortgage REITs Companies 0.99x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NYSE:GPMT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GPMT Share Price ÷ Book Value per Share (both in USD)

= 19.19 ÷ 18.97

1.01x

* Primary Listing of Granite Point Mortgage Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Granite Point Mortgage Trust is overvalued based on assets compared to the US Mortgage REITs industry average.
X
Value checks
We assess Granite Point Mortgage Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage REITs industry average (and greater than 0)? (1 check)
  5. Granite Point Mortgage Trust has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Granite Point Mortgage Trust expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Granite Point Mortgage Trust expected to grow at an attractive rate?
  • Granite Point Mortgage Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Granite Point Mortgage Trust's earnings growth is expected to exceed the United States of America market average.
  • Granite Point Mortgage Trust's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:GPMT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:GPMT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 20.1%
NYSE:GPMT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 15.3%
United States of America Mortgage REITs Industry Earnings Growth Rate Market Cap Weighted Average 26.6%
United States of America Mortgage REITs Industry Revenue Growth Rate Market Cap Weighted Average 18.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:GPMT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:GPMT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 128 95 4
2019-12-31 116 85 4
NYSE:GPMT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 94 57 63
2018-09-30 89 49 60
2018-06-30 83 43 55
2018-03-31 79 18 27
2017-12-31 75 30 26
2017-09-30 70 24 24
2017-06-30 65 23 22
2017-03-31 58 42 29
2016-12-31 50 36 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Granite Point Mortgage Trust's earnings are expected to grow significantly at over 20% yearly.
  • Granite Point Mortgage Trust's revenue is expected to grow by 15.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:GPMT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Granite Point Mortgage Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GPMT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.66 1.71 1.62 4.00
2019-12-31 1.57 1.59 1.55 4.00
NYSE:GPMT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.45
2018-09-30 1.39
2018-06-30 1.28
2018-03-31 0.62
2017-12-31 0.60
2017-09-30 0.55
2017-06-30 0.50
2017-03-31 0.68
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Granite Point Mortgage Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Granite Point Mortgage Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Granite Point Mortgage Trust has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Granite Point Mortgage Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Granite Point Mortgage Trust's growth in the last year to its industry (Mortgage REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Granite Point Mortgage Trust's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Granite Point Mortgage Trust's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Granite Point Mortgage Trust's earnings growth has exceeded the US Mortgage REITs industry average in the past year (144.3% vs 7%).
Earnings and Revenue History
Granite Point Mortgage Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Granite Point Mortgage Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GPMT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 93.80 62.98 15.11
2018-09-30 89.04 60.41 17.83
2018-06-30 83.21 55.37 17.34
2018-03-31 79.27 26.88 12.58
2017-12-31 75.37 25.77 10.54
2017-09-30 70.38 23.65 11.15
2017-06-30 65.15 21.75 8.04
2017-03-31 57.82 29.42 7.25
2016-12-31 50.00 35.36 7.17
2015-12-31 8.86 0.14 1.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Granite Point Mortgage Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Granite Point Mortgage Trust used its assets less efficiently than the US Mortgage REITs industry average last year based on Return on Assets.
  • Unable to establish if Granite Point Mortgage Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Granite Point Mortgage Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Granite Point Mortgage Trust has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Granite Point Mortgage Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Granite Point Mortgage Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Granite Point Mortgage Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Granite Point Mortgage Trust's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Granite Point Mortgage Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Granite Point Mortgage Trust Company Filings, last reported 3 months ago.

NYSE:GPMT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 828.53 2,497.94 91.70
2018-09-30 826.65 2,074.56 148.23
2018-06-30 827.36 1,811.05 92.26
2018-03-31 828.36 1,664.20 72.07
2017-12-31 829.62 1,642.92 107.77
2017-09-30 831.77 1,502.72 142.39
2017-06-30 833.40 1,232.40 249.12
2017-03-31 441.53 1,145.89 34.62
2016-12-31 427.99 1,044.80 56.02
2015-12-31 486.94 226.61 56.09
  • Granite Point Mortgage Trust's level of debt (301.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Granite Point Mortgage Trust's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (2.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Granite Point Mortgage Trust's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Granite Point Mortgage Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Granite Point Mortgage Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Granite Point Mortgage Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.75%
Current annual income from Granite Point Mortgage Trust dividends. Estimated to be 8.81% next year.
If you bought $2,000 of Granite Point Mortgage Trust shares you are expected to receive $175 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Granite Point Mortgage Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Granite Point Mortgage Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:GPMT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Mortgage REITs Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 10.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:GPMT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.71 2.00
2020-12-31 1.69 6.00
2019-12-31 1.68 6.00
NYSE:GPMT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-20 1.680 8.885
2018-12-19 1.680 8.936
2018-09-20 1.680 8.990
2018-06-20 1.600 8.509
2018-03-15 1.520 8.715
2017-12-18 1.520 8.772
2017-09-18 1.280 6.994

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Granite Point Mortgage Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Granite Point Mortgage Trust only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Granite Point Mortgage Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Granite Point Mortgage Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Granite Point Mortgage Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Granite Point Mortgage Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Granite Point Mortgage Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jack Taylor
COMPENSATION $1,170,860
AGE 62
TENURE AS CEO 2 years
CEO Bio

Mr. John A. Taylor, also known as Jack, J.D., has been Chief Executive Officer of Granite Point Mortgage Trust Inc. since April 7, 2017 and serves as its President. Mr. Taylor has been a Global Head of Commercial Real Estate at Pine River Capital Management L.P. since November 2014. Mr. Taylor served as a Managing Director and Head of Global Real Estate Finance for Prudential Real Estate Investors from 2009 to November 2014. He served as Managing Director and Head of Global Debt Business at PGIM Real Estate. He served as Head of Global Debt Business at Prudential Real Estate Investors. He joined Prudential Real Estate Investors in May 2009 to establish the integrated global debt funds platform and was responsible for strategic planning, product development, client relations and the investment activities of the group. He was responsible for leading the Prudential Real Estate's U.S. high yield debt strategies as Portfolio Manager. From 2003 to 2007, he served as a Partner at Five Mile Capital Partners LLC. Prior to Five Mile Capital, he was Co-Head of Real Estate Investment Banking for The Americas and Europe at UBS. He previously led the Real Estate Group at Paine Webber and served on its Operating Committee. Mr. Taylor served as Head Trader and Manager of The CMBS and Principal Commercial Mortgage business for Kidder Peabody Group Inc. He is a pioneer of the commercial real estate capital markets and was a leader in the creation and development of the CMBS market in the 1990s. Mr. Taylor has developed and managed third party funds, proprietary lending books, securitization programs, primary and secondary trading, investment banking and advisory businesses. He has successfully built businesses on Wall Street and in funds investing in multiple market cycles that have been characterized by strong risk management. He has been Director of Granite Point Mortgage Trust Inc. since April 7, 2017. He was a founding governor of the Commercial Mortgage Securities Association (now the Commercial Real Estate Finance Council) and a member of the President's Council of the Real Estate Roundtable. He holds a J.D. from Yale Law School, a M.Sc. in International Relations from the London School of Economics and Political Science and a B.A. degree in Philosophy from the University of Illinois.

CEO Compensation
  • Jack's compensation has been consistent with company performance over the past year.
  • Jack's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Granite Point Mortgage Trust management team in years:

2
Average Tenure
54
Average Age
  • The tenure for the Granite Point Mortgage Trust management team is about average.
Management Team

Jack Taylor

TITLE
President
COMPENSATION
$1M
AGE
62
TENURE
2 yrs

Marcin Urbaszek

TITLE
CFO & Treasurer
COMPENSATION
$231K
AGE
42
TENURE
2 yrs

Steven Plust

TITLE
Chief Operating Officer
COMPENSATION
$668K
AGE
59
TENURE
2 yrs

Steve Alpart

TITLE
Chief Investment Officer & Co-Head of Originations
COMPENSATION
$668K
AGE
54
TENURE
2 yrs

Rebecca Sandberg

TITLE
VP, General Counsel & Secretary
COMPENSATION
$67K
AGE
46
TENURE
2 yrs

Peter Morral

TITLE
Co-Head of Originations
TENURE
1.3 yrs

Chris Petta

TITLE
Investor Relations Officer
Board of Directors Tenure

Average tenure and age of the Granite Point Mortgage Trust board of directors in years:

2.1
Average Tenure
61.5
Average Age
  • The average tenure for the Granite Point Mortgage Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steven, Steve Kasnet

TITLE
Chairman & Lead Independent Director
COMPENSATION
$169K
AGE
72
TENURE
0.3 yrs

Jack Taylor

TITLE
President
COMPENSATION
$1M
AGE
62
TENURE
2.3 yrs

Tanuja Dehne

TITLE
Independent Director
COMPENSATION
$122K
AGE
46
TENURE
2.3 yrs

Martin Kamarck

TITLE
Independent Director
COMPENSATION
$122K
AGE
68
TENURE
2.3 yrs

Bill Roth

TITLE
Director
AGE
61
TENURE
1.9 yrs

Tom Siering

TITLE
Director
AGE
58
TENURE
1.9 yrs

William Sanders

TITLE
Independent Director
COMPENSATION
$119K
AGE
68
TENURE
2.3 yrs

Hope Woodhouse

TITLE
Independent Director
COMPENSATION
$119K
AGE
61
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Jun 18 Buy John Taylor Individual 22. May 18 22. May 18 4,000 $18.15 $72,607
29. May 18 Buy Stephen Alpart Individual 24. May 18 24. May 18 2,800 $18.37 $51,436
29. May 18 Buy Marcin Urbaszek Individual 24. May 18 24. May 18 2,500 $18.34 $45,850
17. May 18 Buy Steven Plust Individual 15. May 18 15. May 18 5,767 $17.85 $102,941
X
Management checks
We assess Granite Point Mortgage Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Granite Point Mortgage Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Buying Granite Point Mortgage Trust Inc. (NYSE:GPMT) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Granite Point Mortgage Trust Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Granite Point Mortgage Trust Insider Transactions Over The Last Year.

Simply Wall St -

Is It Too Late To Buy Granite Point Mortgage Trust Inc (NYSE:GPMT) At Its December Price?

Looking at Granite Point Mortgage Trust Inc’s (NYSE:GPMT) fundamentals some investors are wondering if its last closing price of $19.04 represents a good value for money for this high growth stock. … Check out our latest analysis for Granite Point Mortgage Trust? … Granite Point Mortgage Trust is poised for significantly high earnings growth in the near future

Simply Wall St -

Granite Point Mortgage Trust Inc (NYSE:GPMT): Is Growth Priced In?

Looking at Granite Point Mortgage Trust Inc’s (NYSE:GPMT) fundamentals some investors are wondering if its last closing price of $18.78 represents a good value for money for this high growth stock. … See our latest analysis for Granite Point Mortgage Trust? … Granite Point Mortgage Trust's growth potential is very attractive

Simply Wall St -

2 Days Left Before Granite Point Mortgage Trust Inc (NYSE:GPMT) Will Start Trading Ex-Dividend, Should Investors Buy?

Important news for shareholders and potential investors in Granite Point Mortgage Trust Inc (NYSE:GPMT): The dividend payment of US$0.40 per share will be distributed into shareholder on 18 July 2018, and the stock will begin trading ex-dividend at an earlier date, 29 June 2018. … Is this future income a persuasive enough catalyst for investors to think about Granite Point Mortgage Trust as an investment today? … View out our latest analysis for Granite Point Mortgage Trust

Simply Wall St -

Company Info

Description

Granite Point Mortgage Trust Inc. 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. As of December 31, 2018, its investment portfolio includes 94 commercial real estate debt investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.

Details
Name: Granite Point Mortgage Trust Inc.
GPMT
Exchange: NYSE
Founded: 2015
$1,001,179,163
52,171,921
Website: http://www.gpmortgagetrust.com
Address: Granite Point Mortgage Trust Inc.
590 Madison Avenue,
38th Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GPMT New Common Stock New York Stock Exchange US USD 23. Jun 2017
Number of employees
Current staff
Staff numbers
0
Granite Point Mortgage Trust employees.
Industry
Mortgage REITs
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:58
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.