NYSE:GPMT

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Acceptable track record with moderate growth potential.


Similar Companies

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


Market Performance


7 Day Return

0.4%

GPMT

1.7%

US Mortgage REITs

-0.6%

US Market


1 Year Return

-2.9%

GPMT

-6.9%

US Mortgage REITs

0.6%

US Market

GPMT outperformed the Mortgage REITs industry which returned -7.3% over the past year.

GPMT underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

GPMTIndustryMarket
7 Day0.4%1.7%-0.6%
30 Day2.4%2.5%2.2%
90 Day-0.7%0.3%1.1%
1 Year6.2%-2.9%3.3%-6.9%2.9%0.6%
3 Yearn/a34.3%-3.0%44.6%35.2%
5 Yearn/a57.7%-8.2%61.9%44.2%

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 St

Chief Operating Officer Steven Plust Just Bought Shares In Granite Point Mortgage Trust Inc. (NYSE:GPMT)

Valuation

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

13.01x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Granite Point Mortgage Trust's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Granite Point Mortgage Trust's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Granite Point Mortgage Trust is good value based on expected growth next year.


Price Based on Value of Assets

Granite Point Mortgage Trust is overvalued based on assets compared to the US Mortgage REITs industry average.


Next Steps

Future Growth

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

15.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Granite Point Mortgage Trust's revenue is expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).

Granite Point Mortgage Trust's earnings are expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).

Granite Point Mortgage Trust's revenue growth is expected to exceed the United States of America market average.

Granite Point Mortgage Trust's earnings growth is expected to exceed the United States of America market average.

Granite Point Mortgage Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Granite Point Mortgage Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

48.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Granite Point Mortgage Trust has delivered over 20% year on year earnings growth in the past 5 years.

Granite Point Mortgage Trust's 1-year earnings growth is less than its 5-year average (23.4% vs 48%)

Granite Point Mortgage Trust's earnings growth has exceeded the US Mortgage REITs industry average in the past year (23.4% vs 3.7%).


Return on Equity

Granite Point Mortgage Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Granite Point Mortgage Trust used its assets more efficiently than the US Mortgage REITs industry average last year based on Return on Assets.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Granite Point Mortgage Trust's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Granite Point Mortgage Trust's level of debt (265.5%) 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 (2.2%, 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.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

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

8.85%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Granite Point Mortgage Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Granite Point Mortgage Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

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

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 (1x coverage).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Jack Taylor (63yo)

2.4yrs

Tenure

US$1,170,860

Compensation

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 Com ...


Management Age and Tenure

2.4yrs

Average Tenure

55yo

Average Age

The tenure for the Granite Point Mortgage Trust management team is about average.


Board Age and Tenure

2.5yrs

Average Tenure

62.5yo

Average Age

The average tenure for the Granite Point Mortgage Trust board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Granite Point Mortgage Trust individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$196,72315 Aug 19
Steven Plust
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares10,600
Max PriceUS$18.56

Ownership Breakdown


Management Team

  • Jack Taylor (63yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$1.17m
  • Steven Plust (60yo)

    Chief Operating Officer

    • Tenure: 2.4yrs
    • Compensation: US$667.68k
  • Steve Alpart (55yo)

    Chief Investment Officer & Co-Head of Originations

    • Tenure: 2.4yrs
    • Compensation: US$667.68k
  • Rebecca Sandberg (47yo)

    VP, General Counsel & Secretary

    • Tenure: 2.4yrs
    • Compensation: US$66.53k
  • Peter Morral

    Co-Head of Originations

    • Tenure: 1.7yrs
  • Marcin Urbaszek (43yo)

    CFO & Treasurer

    • Tenure: 2.4yrs
    • Compensation: US$231.48k
  • Chris Petta

    Investor Relations Officer

    • Tenure: 0yrs

Board Members

  • Steven, Steve Kasnet (73yo)

    Chairman & Lead Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$168.75k
  • Martin Kamarck (69yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$122.49k
  • William Sanders (69yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$118.74k
  • Tanuja Dehne (47yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$122.49k
  • Hope Woodhouse (62yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$118.74k
  • Tom Siering (59yo)

    Director

    • Tenure: 2.3yrs
  • Jack Taylor (63yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$1.17m
  • Bill Roth (62yo)

    Director

    • Tenure: 2.3yrs

Company Information

Granite Point Mortgage Trust Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Granite Point Mortgage Trust Inc.
  • Ticker: GPMT
  • Exchange: NYSE
  • Founded: 2015
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Market Cap: US$1.029b
  • Shares outstanding: 54.85m
  • Website: https://www.gpmortgagetrust.com

Location

  • Granite Point Mortgage Trust Inc.
  • 3 Bryant Park
  • Suite 2400A
  • New York
  • New York
  • 10036
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPMTNYSE (New York Stock Exchange)YesNew Common StockUSUSDJun 2017

Biography

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. A ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 00:19
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.