Granite Point Mortgage Trust Inc.

GPMT

US38741L1070

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-05-15 pm EDT			5-day change	1st Jan Change
3.31 ^USD	+0.30%		-13.58%	-44.28%

May. 08	Sector Update: Financial Stocks Advance Late Afternoon	MT
May. 08	Granite Point Shares Decline as Q1 Loss Widens	MT

Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.

March 02, 2023 at 04:31 pm EST

From October 1, 2022 to December 31, 2022, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 2,840,746 shares, representing 5.23% for $33.44 million under the buyback announced on November 21, 2018.

Latest news about Granite Point Mortgage Trust Inc.

Sector Update: Financial Stocks Advance Late Afternoon	May. 08	MT
Granite Point Shares Decline as Q1 Loss Widens	May. 08	MT
Transcript : Granite Point Mortgage Trust Inc., Q1 2024 Earnings Call, May 08, 2024	May. 08
Granite Point Mortgage Trust Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 07	CI
UBS Trims Granite Point Mortgage Trust Price Target to $6 From $6.50, Maintains Buy Rating	Mar. 20	MT
Granite Point Mortgage Trust's Dividend Cut Reflects Impact of Rising Non-Accrual Assets, UBS Says	Mar. 15	MT
JMP Securities Downgrades Granite Point Mortgage Trust to Market Perform From Market Outperform	Feb. 20	MT
Raymond James Cuts Price Target on Granite Point Mortgage Trust to $6.50 From $7, Keeps Outperform Rating	Feb. 16	MT
Transcript : Granite Point Mortgage Trust Inc., Q4 2023 Earnings Call, Feb 15, 2024	Feb. 15
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 14	CI
UBS Initiates Coverage on Granite Point Mortgage Trust With Buy Rating, $6.50 Price Target	Dec. 06	MT
Transcript : Granite Point Mortgage Trust Inc., Q3 2023 Earnings Call, Nov 08, 2023	Nov. 08
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	Nov. 07	CI
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 07	CI
Granite Point Mortgage Trust Keeps Dividend at $0.20 per Share; Payable Oct. 16 to Shareholders of Record on Oct. 2	23-09-20	MT
Transcript : Granite Point Mortgage Trust Inc., Q2 2023 Earnings Call, Aug 09, 2023	23-08-09
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	23-08-08	CI
Granite Point Mortgage Trust Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-08	CI
Granite Point Mortgage Trust Inc.(NYSE:GPMT) dropped from Russell 2000 Value-Defensive Index	23-06-23	CI
Granite Point Mortgage Trust Inc.(NYSE:GPMT) dropped from Russell 2000 Defensive Index	23-06-23	CI
Raymond James Adjusts Price Target on Granite Point Mortgage Trust to $7 From $9, Maintains Outperform Rating	23-05-12	MT
Transcript : Granite Point Mortgage Trust Inc., Q1 2023 Earnings Call, May 10, 2023	23-05-10
Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.	23-05-09	CI
Granite Point Mortgage Trust Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-09	CI
Granite Point Mortgage Trust Inc. announces an Increase in Equity Buyback.	23-05-08	CI

Chart Granite Point Mortgage Trust Inc.

Duration

Period

More charts

Company Profile

Granite Point Mortgage Trust Inc. is an internally managed real estate finance company. The Company focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Its investment objective is to preserve its stockholder's capital while generating attractive risk-adjusted returns over the long term, primarily through dividends derived from current income produced by its investment portfolio. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans. It may also directly originate and invest in mezzanine loans, subordinated mortgage interests and other real estate securities, and may also invest in preferred equity investments and other investments. The Company's loan portfolio consisted of approximately 73 commercial real estate loan investments.

Sector

Specialized REITs

Calendar

2024-06-06 - Annual General Meeting

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for Granite Point Mortgage Trust Inc.

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.31 USD

Average target price

5.117 USD

Spread / Average Target

+54.58%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Mortgage REITs

	1st Jan change	Capi.
GRANITE POINT MORTGAGE TRUST INC.	-44.28%	169M
ANNALY CAPITAL MANAGEMENT, INC.	+5.27%	10.2B
AGNC INVESTMENT CORP.	+0.61%	7.26B
STARWOOD PROPERTY TRUST, INC.	-0.95%	6.58B
RITHM CAPITAL CORP.	+8.24%	5.59B
BLACKSTONE MORTGAGE TRUST, INC.	-12.74%	3.27B
ARBOR REALTY TRUST, INC.	-3.29%	2.77B
READY CAPITAL CORPORATION	-15.12%	1.47B
APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.	-12.86%	1.45B
LADDER CAPITAL CORP	-1.39%	1.45B

Mortgage REITs

Granite Point Mortgage Trust Inc.

Equities

GPMT

US38741L1070

Specialized REITs

Tranche Update on Granite Point Mortgage Trust Inc.'s Equity Buyback Plan announced on November 21, 2018.

EPS Revisions