NYSE
GPMT

Granite Point Mortgage Trust Inc

REIT-Mortgage
Real Estate

Prices are adjusted according to historical splits.

Granite Point Mortgage Trust Inc Stock Price

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

The stock symbol (also called stock or share ticker) of Granite Point Mortgage Trust Inc is GPMT

The IPO of Granite Point Mortgage Trust Inc took place on 2017-06-23

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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.

Address

3 Bryant Park, New York, NY, United States, 10036