GPMT Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
Granite Point Mortgage Trust Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$3.58 |
| 52 Week High | US$6.41 |
| 52 Week Low | US$2.46 |
| Beta | 1.82 |
| 11 Month Change | 18.15% |
| 3 Month Change | 38.76% |
| 1 Year Change | -34.43% |
| 33 Year Change | -70.07% |
| 5 Year Change | -80.38% |
| Change since IPO | -81.16% |
Recent News & Updates
Recent updates
Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Nov 18Granite Point Mortgage Trust: Office Distress Continues, Are The Preferreds Safe
Aug 19Granite Point: Downside Materialized, I'm Flipping Bullish
Jul 17Granite Point Mortgage Trust Is Facing Headwinds But I'm Holding The Discounted Preferreds
May 12Granite Point Mortgage Trust: Write-Offs Are Accelerating
Mar 15Granite Point Mortgage Trust: Precarious 64% Discount To Book Value And 17% Dividend Yield
Feb 20Granite Point Mortgage Trust: Hard To Recommend Even At Large Discounts To Book Value
Feb 02Granite Point Mortgage Offers An 11% Yield On Its Preferred Shares
Oct 29I've Sold My Granite Point Mortgage Trust Position And Won't Re-Enter
Oct 12Granite Point Mortgage Trust: At Risk Of A Dividend Cut
Jul 31Granite Point Mortgage Trust Non-GAAP EPS of -$0.16 beats by $0.01, net interest income of $20.98M beats by $2.27M
Feb 23Granite Point Mortgage Trust decrease quarterly dividend by -20% to $0.20/share
Dec 20Granite Point Mortgage Trust Now Offers A 15% Yield - But For How Much Longer?
Nov 13Granite Point Mortgage Trust goes ex dividend tomorrow
Sep 29Granite Point Mortgage's Preferred Shares Offer A 10% Yield To Call
Aug 189.3%-Yielding Granite Point Mortgage Is Flying Under The Radar
Aug 02Granite Point Mortgage Is Now Yielding 9.9% - Who's Buying?
May 21Granite Point Mortgage: The 7.5% Yielding Preferred Shares Are Getting Attractive
Apr 15Shareholder Returns
| GPMT | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | 3.2% | 2.5% | 1.6% |
| 1Y | -34.4% | 0.9% | 32.3% |
Return vs Industry: GPMT underperformed the US Mortgage REITs industry which returned 1.5% over the past year.
Return vs Market: GPMT underperformed the US Market which returned 32.4% over the past year.
Price Volatility
| GPMT volatility | |
|---|---|
| GPMT Average Weekly Movement | 7.0% |
| Mortgage REITs Industry Average Movement | 3.4% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: GPMT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: GPMT's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2015 | 36 | Jack Taylor | www.gpmtreit.com |
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.
Granite Point Mortgage Trust Inc. Fundamentals Summary
| GPMT fundamental statistics | |
|---|---|
| Market cap | US$173.35m |
| Earnings (TTM) | -US$195.63m |
| Revenue (TTM) | n/a |
-1.3x
P/S Ratio-0.9x
P/E RatioIs GPMT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GPMT income statement (TTM) | |
|---|---|
| Revenue | -US$140.09m |
| Cost of Revenue | US$5.26m |
| Gross Profit | -US$145.35m |
| Other Expenses | US$50.29m |
| Earnings | -US$195.63m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -3.92 |
| Gross Margin | 103.75% |
| Net Profit Margin | 139.65% |
| Debt/Equity Ratio | 240.6% |
How did GPMT perform over the long term?
See historical performance and comparison