Granite Point Mortgage Trust

GPMT

Market cap $71.9M

Granite Point Mortgage Trust (GPMT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Not Every REIT Joined The Rally: Part 2 focuses on laggards and in-line performers - sectors where recovery timelines slipped, results underwhelmed, or elevated rates exposed lingering balance sheet issues. Weakness centered on Farmland, Commercial Mortgage, Lab Space, and Self-Storage REITs, where delayed troughs, credit provisions, book-value pressure, weak rents, and refinancing constraints persisted. Mortgage Stress Hasn't Fully Cleared: Commercial mortgage REITs still faced multifamily bridge-loan and office credit stress, while residential mortgage REITs saw book values pressured by rate volatility and uneven dividend-coverage.

Granite Point Mortgage Trust (GPMT) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

REIT earnings results were considerably better than consensus expectations, with 58 REITs - or 59% - raising full-year FFO guidance, well above the typical Q1 raise rate of 40-45%. REITs have extended their year-to-date outperformance despite the recent jump in interest rates, as better earnings results and improving property-level trends helped offset renewed macro pressure. Upside standouts included Hotel, Senior Housing, Data Center, Billboard, Cold Storage, Net Lease, and Retail REITs. Residential REITs saw improving rent growth trends as supply growth finally eases.

Granite Point Mortgage Trust NYSE: GPMT reported a first-quarter loss as management said it remains focused on resolving legacy loans, reducing higher-cost debt and preparing to restart portfolio growth later in 2026.

Granite Point Mortgage Trust Inc. (GPMT) Q1 2026 Earnings Call Transcript

Granite Point Mortgage Trust (GPMT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to a loss of $0.57 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports First Quarter 2026 Financial Results and Post Quarter-End Update.

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Above Par Sale of a Hotel Loan, Resolution of a Risk-Rated "5" Loan, Q1'26 Earnings Release and Call Dates.

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces First Quarter 2026 Common and Preferred Stock Dividends and Business Update.