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Granite Point Mortgage Trust NYSE:GPMT Stock Report

Last Price

US$3.02

Market Cap

US$148.4m

7D

6.0%

1Y

-41.9%

Updated

06 Feb, 2025

Data

Company Financials +

Granite Point Mortgage Trust Inc.

NYSE:GPMT Stock Report

Market Cap: US$148.4m

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

GPMT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends3/6

Rewards

Revenue is forecast to grow 98.58% per year

Risk Analysis

Makes less than USD$1m in revenue ($-140M)

Dividend of 6.62% is not well covered by earnings

Currently unprofitable and not forecast to become profitable over the next 3 years


My Notes

Capture your thoughts, links and company narrative

Granite Point Mortgage Trust Inc. Competitors

Rithm Property Trust

NYSE:RPT

US$142.6m

Cherry Hill Mortgage Investment

NYSE:CHMI

US$110.8m

Ares Commercial Real Estate

NYSE:ACRE

US$319.2m

Claros Mortgage Trust

NYSE:CMTG

US$464.1m

Price History & Performance

Summary of share price highs, lows and changes for Granite Point Mortgage Trust
Historical stock prices
Current Share PriceUS$3.02
52 Week HighUS$5.36
52 Week LowUS$2.46
Beta1.89
1 Month Change8.24%
3 Month Change-4.13%
1 Year Change-41.92%
3 Year Change-73.51%
5 Year Change-83.50%
Change since IPO-84.11%

Recent News & Updates

Recent updates

Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus

Nov 18

Granite Point Mortgage Trust: Office Distress Continues, Are The Preferreds Safe

Aug 19

Granite Point: Downside Materialized, I'm Flipping Bullish

Jul 17

Granite Point Mortgage Trust Is Facing Headwinds But I'm Holding The Discounted Preferreds

May 12

Granite Point Mortgage Trust: Write-Offs Are Accelerating

Mar 15

Granite Point Mortgage Trust: Precarious 64% Discount To Book Value And 17% Dividend Yield

Feb 20

Granite Point Mortgage Trust: Hard To Recommend Even At Large Discounts To Book Value

Feb 02

Granite Point Mortgage Offers An 11% Yield On Its Preferred Shares

Oct 29

I've Sold My Granite Point Mortgage Trust Position And Won't Re-Enter

Oct 12

Granite Point Mortgage Trust: At Risk Of A Dividend Cut

Jul 31

Granite Point Mortgage Trust Non-GAAP EPS of -$0.16 beats by $0.01, net interest income of $20.98M beats by $2.27M

Feb 23

Granite Point Mortgage Trust decrease quarterly dividend by -20% to $0.20/share

Dec 20

Granite Point Mortgage Trust Now Offers A 15% Yield - But For How Much Longer?

Nov 13

Granite Point Mortgage Trust goes ex dividend tomorrow

Sep 29

Granite Point Mortgage's Preferred Shares Offer A 10% Yield To Call

Aug 18

9.3%-Yielding Granite Point Mortgage Is Flying Under The Radar

Aug 02

Shareholder Returns

GPMTUS Mortgage REITsUS Market
7D6.0%2.4%0.2%
1Y-41.9%4.0%22.0%

Return vs Industry: GPMT underperformed the US Mortgage REITs industry which returned 2.9% over the past year.

Return vs Market: GPMT underperformed the US Market which returned 22.4% over the past year.

Price Volatility

Is GPMT's price volatile compared to industry and market?
GPMT volatility
GPMT Average Weekly Movement5.8%
Mortgage REITs Industry Average Movement3.3%
Market Average Movement6.1%
10% most volatile stocks in US Market18.6%
10% least volatile stocks in US Market3.1%

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 (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201536Jack Taylorwww.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

How do Granite Point Mortgage Trust's earnings and revenue compare to its market cap?
GPMT fundamental statistics
Market capUS$148.37m
Earnings (TTM)-US$195.63m
Revenue (TTM)n/a

-1.1x

P/S Ratio

-0.8x

P/E Ratio

Is GPMT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GPMT income statement (TTM)
Revenue-US$140.09m
Cost of RevenueUS$5.26m
Gross Profit-US$145.35m
Other ExpensesUS$50.29m
Earnings-US$195.63m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 13, 2025

Earnings per share (EPS)-3.92
Gross Margin103.75%
Net Profit Margin139.65%
Debt/Equity Ratio240.6%

How did GPMT perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

-12%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 00:37
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Granite Point Mortgage Trust Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Kenneth BruceBofA Global Research
Benjamin ZuckerBTIG