How to buy Granite Point Mortgage Trust stock | $14.38

Granite Point Mortgage Trust Inc is a reit-mortgage business based in the US. Granite Point Mortgage Trust shares (GPMT) are listed on the NYSE and all prices are listed in US Dollars.

Granite Point Mortgage Trust stock price (NYSE: GPMT)

Use our graph to track the performance of GPMT stocks over time.

Granite Point Mortgage Trust shares at a glance

• Key figures

Information last updated 2021-07-28.

Latest market close	$14.38
52-week range	$4.95 - $15.65
50-day moving average	$14.71
200-day moving average	$12.68
Wall St. target price	$14.88
PE ratio	31.2975
Dividend yield	$0.65 (4.64%)
Earnings per share (TTM)	$0.45

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Is it a good time to buy Granite Point Mortgage Trust stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Granite Point Mortgage Trust Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Granite Point Mortgage Trust price performance over time

Historical closes compared with the close of $14.38 from 2021-05-28

1 week (2021-07-22)	N/A
1 month (2021-07-02)	-2.90%
3 months (2021-04-30)	8.61%
6 months (2021-01-29)	N/A

1 year (2020-07-29)	N/A
2 years (2019-07-29)	N/A
3 years (2018-07-29)	N/A
5 years (2016-07-29)	N/A

Is Granite Point Mortgage Trust under- or over-valued?

Valuing Granite Point Mortgage Trust stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Granite Point Mortgage Trust's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Granite Point Mortgage Trust's P/E ratio

Granite Point Mortgage Trust's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Granite Point Mortgage Trust shares trade at around 31x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Granite Point Mortgage Trust financials

Revenue TTM	$132.7 million
Operating margin TTM	66.69%
Gross profit TTM	$68.1 million
Return on assets TTM	0.58%
Return on equity TTM	2.59%
Profit margin	18.65%
Book value	$17.22
Market capitalisation	$777 million

TTM: trailing 12 months

Shorting Granite Point Mortgage Trust shares

There are currently 798,667 Granite Point Mortgage Trust shares held short by investors – that's known as Granite Point Mortgage Trust's "short interest". This figure is 8.5% up from 736,421 last month.

There are a few different ways that this level of interest in shorting Granite Point Mortgage Trust shares can be evaluated.

Granite Point Mortgage Trust's "short interest ratio" (SIR)

Granite Point Mortgage Trust's "short interest ratio" (SIR) is the quantity of Granite Point Mortgage Trust shares currently shorted divided by the average quantity of Granite Point Mortgage Trust shares traded daily (recently around 347246.52173913). Granite Point Mortgage Trust's SIR currently stands at 2.3. In other words for every 100,000 Granite Point Mortgage Trust shares traded daily on the market, roughly 2300 shares are currently held short.

However Granite Point Mortgage Trust's short interest can also be evaluated against the total number of Granite Point Mortgage Trust shares, or, against the total number of tradable Granite Point Mortgage Trust shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Granite Point Mortgage Trust's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Granite Point Mortgage Trust shares in existence, roughly 10 shares are currently held short) or 0.0148% of the tradable shares (for every 100,000 tradable Granite Point Mortgage Trust shares, roughly 15 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Granite Point Mortgage Trust.

Find out more about how you can short Granite Point Mortgage Trust stock.

Granite Point Mortgage Trust share dividends

Dividend payout ratio: 93.5% of net profits

Recently Granite Point Mortgage Trust has paid out, on average, around 93.5% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.14% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Granite Point Mortgage Trust shareholders could enjoy a 7.14% return on their shares, in the form of dividend payments. In Granite Point Mortgage Trust's case, that would currently equate to about $0.65 per share.

Granite Point Mortgage Trust's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Granite Point Mortgage Trust's most recent dividend payout was on 18 July 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 June 2021 (the "ex-dividend date").

Granite Point Mortgage Trust share price volatility

Over the last 12 months, Granite Point Mortgage Trust's shares have ranged in value from as little as $4.945 up to $15.652. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Granite Point Mortgage Trust's is 1.5749. This would suggest that Granite Point Mortgage Trust's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Granite Point Mortgage Trust overview

Granite Point Mortgage Trust Inc. 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. As of December 31, 2020, its investment portfolio includes 103 commercial real estate loan investments. The company intends to qualify as a real estate investment trust for federal income tax purposes. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York. .

Frequently asked questions

What percentage of Granite Point Mortgage Trust is owned by insiders or institutions?
Currently 1.587% of Granite Point Mortgage Trust shares are held by insiders and 67.537% by institutions. When does the fiscal year end for Granite Point Mortgage Trust?
Granite Point Mortgage Trust's fiscal year ends in December. Where is Granite Point Mortgage Trust based?
Granite Point Mortgage Trust's address is: 3 Bryant Park, New York, NY, United States, 10036 What is Granite Point Mortgage Trust's ISIN number?
Granite Point Mortgage Trust's international securities identification number is: US38741L1070 What is Granite Point Mortgage Trust's CUSIP number?
Granite Point Mortgage Trust's Committee on Uniform Securities Identification Procedures number is: 38741L107