GPMT

Granite Point Mortgage Trust

2.99 USD
-0.03
0.99%
At close Feb 7, 4:00 PM EST
1 day
-0.99%
5 days
7.55%
1 month
7.17%
3 months
-2.92%
6 months
14.56%
Year to date
7.17%
1 year
-42.28%
5 years
-83.73%
10 years
-84.26%
 

About: Granite Point Mortgage Trust Inc focuses on directly originating, investing in, and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assesses each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing, and a range of business plans, including lease-up, renovation, repositioning, and repurposing of the property.

Employees: 35

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 18

9% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 35

1% more funds holding

Funds holding: 125 [Q2] → 126 (+1) [Q3]

4% less capital invested

Capital invested by funds: $77M [Q2] → $74M (-$3M) [Q3]

4.74% less ownership

Funds ownership: 50.79% [Q2] → 46.05% (-4.74%) [Q3]

54% less call options, than puts

Call options by funds: $117K | Put options by funds: $255K

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$3.25
9%
upside
Avg. target
$3.63
21%
upside
High target
$4
34%
upside

2 analyst ratings

positive
50%
neutral
50%
negative
0%
Keefe, Bruyette & Woods
Jade Rahmani
52% 1-year accuracy
17 / 33 met price target
9%upside
$3.25
Market Perform
Upgraded
10 Dec 2024
UBS
Douglas Harter
61% 1-year accuracy
17 / 28 met price target
34%upside
$4
Buy
Maintained
15 Nov 2024

Financial journalist opinion

Based on 6 articles about GPMT published over the past 30 days

Neutral
Business Wire
1 week ago
Granite Point Mortgage Trust Inc. Announces 2024 Dividend Tax Information
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2024 Dividend Tax Information.
Granite Point Mortgage Trust Inc. Announces 2024 Dividend Tax Information
Neutral
Business Wire
1 week ago
Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call.
Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call
Negative
Seeking Alpha
2 weeks ago
Past Time To Take Gains On These Big Yielders
These shares don't give investors a big enough yield or enough upside. The performance throughout the sector has been great, but occasionally, it's better to just pocket the gains.
Past Time To Take Gains On These Big Yielders
Neutral
Business Wire
2 weeks ago
Granite Point Mortgage Trust Inc. Mourns the Passing of Director W. Reid Sanders
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Mourns the Passing of Director W. Reid Sanders.
Granite Point Mortgage Trust Inc. Mourns the Passing of Director W. Reid Sanders
Negative
Seeking Alpha
3 weeks ago
High Yield REITs Whacked By Higher Rates
Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around the middle of the single-digit range.
High Yield REITs Whacked By Higher Rates
Neutral
Business Wire
3 weeks ago
Granite Point Mortgage Trust Inc. Announces Patrick Halter and Lazar Nikolic Appointed to the Board of Directors
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Patrick Halter and Lazar Nikolic Appointed to the Board of Directors.
Granite Point Mortgage Trust Inc. Announces Patrick Halter and Lazar Nikolic Appointed to the Board of Directors
Neutral
Business Wire
1 month ago
Granite Point Mortgage Trust Inc. Announces COO Transition
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces COO Transition.
Granite Point Mortgage Trust Inc. Announces COO Transition
Neutral
Business Wire
1 month ago
Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update.
Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2024 Common and Preferred Stock Dividends and Business Update
Positive
Seeking Alpha
2 months ago
Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Granite Point Mortgage Trust's common equity is down 36% in 2024, trading at a 65% discount to book value due to office property loan exposure. The mREIT's third-quarter book value dipped by 59 cents per share, with a $0.55 per share provision for credit loss and increased share repurchase authorization. GPMT's liquidity improved with $113.46 million in cash and cash equivalents, driven by substantial loan repayments and a focus on reducing office property exposure.
Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Neutral
Seeking Alpha
3 months ago
Granite Point Mortgage Trust Inc. (GPMT) Q3 2024 Earnings Call Transcript
Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Chris Petta - Investor Relations Jack Taylor - President and Chief Executive Officer Steve Alpart - Chief Investment Officer and Co-Head-Originations Marcin Urbaszek - Chief Financial Officer Conference Call Participants Steve DeLaney - Citizens JMP Douglas Harter - UBS Jade Rahmani - KBW Operator Good morning. My name is Christine and I will be your conference facilitator.
Granite Point Mortgage Trust Inc. (GPMT) Q3 2024 Earnings Call Transcript
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