Real Estate -
REIT - Mortgage - NYSE - US
$ 1.61
-6.94 %
$ 78.6 M
Market Cap
-0.37
P/E
1. INTRINSIC VALUE
Balance Sheet
Granite Point Mortgage Trust Inc.
| Current Assets | 96.5 M |
| Cash & Short-Term Investments | 87.8 M |
| Receivables | 8.67 M |
| Other Current Assets | 0 |
| Non-Current Assets | 0 |
| Long-Term Investments | 0 |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 93 M |
| Accounts Payable | 0 |
| Short-Term Debt | 86.8 M |
| Other Current Liabilities | 6.24 M |
| Non-Current Liabilities | 788 M |
| Long-Term Debt | 788 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Granite Point Mortgage Trust Inc.
| Revenue | 39.9 M |
| Cost Of Revenue | 19.5 M |
| Gross Profit | 20.4 M |
| Operating Expenses | 39.9 M |
| Operating Income | 50.9 M |
| Other Expenses | 258 M |
| Net Income | -207 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Granite Point Mortgage Trust Inc.
| Net Income | -207 M |
| Depreciation & Amortization | 5.41 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 6.56 M |
| Change in Working Capital | -2.25 M |
| Others | 200 M |
| Free Cash Flow | 8.76 M |
Wall Street Analysts Price Targets
Granite Point Mortgage Trust Inc.
Wall Street analysts predict an average 1-year price target for GPMT of $9.08 , with forecasts ranging from
a
low of
$3.5 to a high of $13.5 .
GPMT Lowest Price Target
Wall Street Target
3.5 USD
117.39%
GPMT Average Price Target
Wall Street Target
9.08 USD
464.18%
GPMT Highest Price Target
Wall Street Target
13.5 USD
738.51%
4. DIVIDEND
ANALYSIS
4.56%
DIVIDEND YIELD
0.05 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Granite Point Mortgage Trust Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
101 K USD 2
Bought
129 K USD 2
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.
seekingalpha.com
- 1 week ago
Granite Point Mortgage price target lowered to $2.50 from $2.75 at Keefe Bruyette
Keefe Bruyette lowered the firm's price target on Granite Point Mortgage to $2.50 from $2.75 and keeps a Market Perform rating on the shares. 05 Jun
https://thefly.com
- 3 weeks ago
15% Yields Want To Mug Your Dividends
Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture some gains in this sector.
seekingalpha.com
- 1 month ago
Granite Point Mortgage: Definitely Not Out Of The Woods Yet
Granite Point Mortgage Trust's preferred shares face challenges with dividend coverage and asset coverage ratios amid increased operating expenses and credit provisions. Despite a significant pre-tax loss and declining common equity, I maintain my position in GPMT's Series A preferred shares. The preferred shares offer a 10.1% yield now, potentially rising to 14.7% by 2027, but market concerns persist.
seekingalpha.com
- 1 month ago
Granite Point Mortgage Trust Inc. Announces First Quarter 2025 Common and Preferred Stock Dividends and Business Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces First Quarter 2025 Common and Preferred Stock Dividends and Business Update.
businesswire.com
- 1 month ago
9% Yields From Baby Bonds
Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.
seekingalpha.com
- 1 month ago
Granite Point Mortgage Trust Inc. Announces 2025 Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces 2025 Annual Meeting of Stockholders.
businesswire.com
- 1 month ago
Granite Point Mortgage Trust Inc. (GPMT) Q4 2024 Earnings Call Transcript
Granite Point Mortgage Trust Inc. (NYSE:GPMT ) Q4 2024 Earnings Conference Call February 14, 2025 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 Blake Johnson - Chief Financial Officer Conference Call Participants Douglas Harter - UBS Steve DeLaney - Citizens JMP Jade Rahmani - KBW Operator Good morning. My name is Diego, and I will be your conference facilitator.
seekingalpha.com
- 2 months ago
Granite Point Mortgage Trust (GPMT) Reports Q4 Loss, Misses Revenue Estimates
Granite Point Mortgage Trust (GPMT) came out with a quarterly loss of $1.98 per share versus the Zacks Consensus Estimate of a loss of $1.58. This compares to earnings of $0.14 per share a year ago.
zacks.com
- 2 months ago
Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2024 Financial Results and Post Quarter-End Update
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2024 Financial Results and Post Quarter-End Update.
businesswire.com
- 2 months 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.
businesswire.com
- 3 months 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.
businesswire.com
- 3 months ago
8. Profile
Summary
Granite Point Mortgage Trust Inc. GPMT
COUNTRY
US
INDUSTRY
REIT - Mortgage
MARKET CAP
$ 78.6 M
Dividend Yield
4.56%
Description
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. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.
Contact
3 Bryant Park, New York, NY, 10036
https://www.gpmtreit.com
IPO
Date
June 26, 2017
Employees
33
Officers
Mr. Steven Plust
Vice President & Chief Operating Officer
Mr. Michael J. Karber J.D.
Vice President, General Counsel, Secretary & Chief Compliance Officer
Mr. Blake Johnson
Vice President, Chief Financial Officer & Treasurer
Mr. Stephen Alpart
Vice President, Chief Investment Officer & Co-Head of Originations
Mr. John A. Taylor J.D.
President, Chief Executive Officer & Director
Mr. Chris Petta
Investor Relations Officer
Mr. Ethan Lebowitz
Deputy Chief Operating Officer
Mr. Peter M. Morral
Vice President, Chief Development Officer & Co-Head of Originations