Granite Point Mortgage Trust Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $5.36
- Today's High:
- $5.44
- Open Price:
- $5.36
- 52W Low:
- $3.8257
- 52W High:
- $7.8368
- Prev. Close:
- $5.39
- Volume:
- 284066
Company Statistics
- Market Cap.:
- $278.00 million
- Book Value:
- 17.922
- Revenue TTM:
- $-20147000
- Operating Margin TTM:
- 292.7%
- Gross Profit TTM:
- $10.70 million
- Profit Margin:
- 0%
- Return on Assets TTM:
- -1.63%
- Return on Equity TTM:
- -6.15%
Company Profile
Granite Point Mortgage Trust Inc had its IPO on 2017-06-23 under the ticker symbol GPMT.
The company operates in the Real Estate sector and REIT-Mortgage industry. Granite Point Mortgage Trust Inc has a staff strength of 35 employees.
Stock update
Shares of Granite Point Mortgage Trust Inc opened at $5.36 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $5.36 - $5.44, and closed at $5.37.
This is a -0.37% slip from the previous day's closing price.
A total volume of 284,066 shares were traded at the close of the day’s session.
In the last one week, shares of Granite Point Mortgage Trust Inc have slipped by -0.19%.
Granite Point Mortgage Trust Inc's Key Ratios
Granite Point Mortgage Trust Inc has a market cap of $278.00 million, indicating a price to book ratio of 0.3459 and a price to sales ratio of 8.7568.
In the last 12-months Granite Point Mortgage Trust Inc’s revenue was $-20147000 with a gross profit of $10.70 million and an EBITDA of $0. The EBITDA ratio measures Granite Point Mortgage Trust Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Granite Point Mortgage Trust Inc’s operating margin was 292.7% while its return on assets stood at -1.63% with a return of equity of -6.15%.
In Q2, Granite Point Mortgage Trust Inc’s quarterly earnings growth was a negative -95.8% while revenue growth was a positive 82.7%.
Granite Point Mortgage Trust Inc’s PE and PEG Ratio
- Forward PE
- 8.2781
- Trailing PE
- 0
- PEG
- 0
Its diluted EPS in the last 12-months stands at $-1.44 per share while it has a forward price to earnings multiple of 8.2781 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Granite Point Mortgage Trust Inc’s profitability.
Granite Point Mortgage Trust Inc stock is trading at a EV to sales ratio of 23.7913 and a EV to EBITDA ratio of 13.4734. Its price to sales ratio in the trailing 12-months stood at 8.7568.
Granite Point Mortgage Trust Inc stock pays annual dividends of $0.85 per share, indicating a yield of 14.93% and a payout ratio of 2.58%.
Balance sheet and cash flow metrics
- Total Assets
- $3.31 billion
- Total Liabilities
- $100.00 million
- Operating Cash Flow
- $211.80 million
- Capital Expenditure
- $0
- Dividend Payout Ratio
- 2.58%
Granite Point Mortgage Trust Inc ended 2024 with $3.31 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $3.31 billion while shareholder equity stood at $924.32 million.
Granite Point Mortgage Trust Inc ended 2024 with $0 in deferred long-term liabilities, $100.00 million in other current liabilities, 516000.00 in common stock, $-276856000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $235.84 million and cash and short-term investments were $235.84 million. The company’s total short-term debt was $100,000,000 while long-term debt stood at $1.13 billion.
Granite Point Mortgage Trust Inc’s total current assets stands at $249.04 million while long-term investments were $18.16 million and short-term investments were $0. Its net receivables were $13.20 million compared to accounts payable of $14.34 million and inventory worth $0.
In 2024, Granite Point Mortgage Trust Inc's operating cash flow was $211.80 million while its capital expenditure stood at $0.
Comparatively, Granite Point Mortgage Trust Inc paid $0.03 in dividends in 2024.
Other key metrics
- Current Trading Price
- $5.37
- 52-Week High
- $7.8368
- 52-Week Low
- $3.8257
- Analyst Target Price
- $7.13
Granite Point Mortgage Trust Inc stock is currently trading at $5.37 per share. It touched a 52-week high of $7.8368 and a 52-week low of $7.8368. Analysts tracking the stock have a 12-month average target price of $7.13.
Its 50-day moving average was $5.43 and 200-day moving average was $5.16 The short ratio stood at 0.46 indicating a short percent outstanding of 0%.
Around 195.1% of the company’s stock are held by insiders while 5598.1% are held by institutions.
Frequently Asked Questions About Granite Point Mortgage Trust Inc
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About
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. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.