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.
Reasonable growth potential and slightly overvalued.
Share Price & News
How has Granite Point Mortgage Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GPMT's share price has been volatile over the past 3 months.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: GPMT underperformed the US Mortgage REITs industry which returned -43% over the past year.
Return vs Market: GPMT underperformed the US Market which returned 6.7% over the past year.
Price Volatility Vs. Market
How volatile is Granite Point Mortgage Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDo Institutions Own Shares In Granite Point Mortgage Trust Inc. (NYSE:GPMT)?
1 month ago | Simply Wall StIs Granite Point Mortgage Trust Inc. (NYSE:GPMT) Potentially Undervalued?
2 months ago | Simply Wall StDoes Market Volatility Impact Granite Point Mortgage Trust Inc.'s (NYSE:GPMT) Share Price?
Is Granite Point Mortgage Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GPMT ($6.52) is trading above our estimate of fair value ($5.79)
Significantly Below Fair Value: GPMT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GPMT is poor value based on its PE Ratio (22.4x) compared to the US Mortgage REITs industry average (20.1x).
PE vs Market: GPMT is poor value based on its PE Ratio (22.4x) compared to the US market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: GPMT is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: GPMT is good value based on its PB Ratio (0.4x) compared to the US Mortgage REITs industry average (0.6x).
How is Granite Point Mortgage Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GPMT's forecast earnings growth (90% per year) is above the savings rate (2.2%).
Earnings vs Market: GPMT's earnings (90% per year) are forecast to grow faster than the US market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GPMT's revenue (13.4% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: GPMT's revenue (13.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GPMT's Return on Equity is forecast to be low in 3 years time (4.8%).
How has Granite Point Mortgage Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GPMT has high quality earnings.
Growing Profit Margin: GPMT's current net profit margins (26.7%) are lower than last year (66.4%).
Past Earnings Growth Analysis
Earnings Trend: GPMT's earnings have grown significantly by 29.7% per year over the past 5 years.
Accelerating Growth: GPMT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GPMT had negative earnings growth (-75.6%) over the past year, making it difficult to compare to the Mortgage REITs industry average (-42.8%).
Return on Equity
High ROE: GPMT's Return on Equity (1.7%) is considered low.
How is Granite Point Mortgage Trust's financial position?
Financial Position Analysis
Short Term Liabilities: GPMT's short term assets ($4.4B) exceed its short term liabilities ($360.1M).
Long Term Liabilities: GPMT's short term assets ($4.4B) exceed its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: GPMT's debt to equity ratio (361.9%) is considered high.
Reducing Debt: Insufficient data to determine if GPMT's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: GPMT's debt is not well covered by operating cash flow (0.2%).
Interest Coverage: Insufficient data to determine if GPMT's interest payments on its debt are well covered by EBIT.
What is Granite Point Mortgage Trust current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GPMT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GPMT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GPMT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GPMT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GPMT is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GPMT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jack Taylor (64yo)
Mr. John A. Taylor, also known as Jack, J.D., is Chief Executive Officer of Granite Point Mortgage Trust Inc. since April 7, 2017 and is its President. Mr. Taylor is Chief Executive Officer and Chief Inves ...
|VP, CFO||3.25yrs||US$292.18k||0.10% $371.2k|
|VP & COO||3.25yrs||US$859.34k||0.32% $1.1m|
|VP, Chief Investment Officer & Co-Head of Originations||3.25yrs||US$859.34k||0.26% $939.8k|
|VP & Secretary||no data||US$86.60k||0.058% $207.3k|
|VP, General Counsel & Assistant Secretary||0.50yr||no data||0.039% $141.5k|
|Co-Head of Originations||2.5yrs||no data||no data|
|Investor Relations Officer||no data||no data||no data|
Experienced Management: GPMT's management team is considered experienced (3.3 years average tenure).
|Independent Chairman of the Board||1.58yrs||US$186.24k||0.084% $300.4k|
|Independent Director||3.5yrs||US$129.99k||0.041% $146.9k|
|Independent Director||3.5yrs||US$124.99k||0.16% $584.4k|
|Independent Director||3.5yrs||US$129.99k||0.043% $153.4k|
|Independent Director||3.08yrs||US$124.99k||0.058% $209.4k|
Experienced Board: GPMT's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Granite Point Mortgage Trust Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Granite Point Mortgage Trust Inc.
- Ticker: GPMT
- Exchange: NYSE
- Founded: 2015
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$359.492m
- Shares outstanding: 55.14m
- Website: https://www.gpmtreit.com
- Granite Point Mortgage Trust Inc.
- 3 Bryant Park
- Suite 2400A
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GPMT||NYSE (New York Stock Exchange)||Yes||New Common Stock||US||USD||Jun 2017|
|G18||DB (Deutsche Boerse AG)||Yes||New Common Stock||DE||EUR||Jun 2017|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 07:00|
|End of Day Share Price||2020/07/10 00:00|
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.