How to buy Granite Point Mortgage Trust stock

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 share price

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 2021-04-30.

52-week range	$3.55 - $13.53
50-day moving average	$12.46
200-day moving average	$10.16
Wall St. target price	$12.35
PE ratio	N/A
Dividend yield	$0.4 (3.01%)
Earnings per share (TTM)	$1.32

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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 financials

Revenue TTM	$72.2 million
Operating margin TTM	32.3%
Gross profit TTM	$68.1 million
Return on assets TTM	-0.93%
Return on equity TTM	-4.14%
Profit margin	-56.02%
Book value	$16.92
Market capitalisation	$728.5 million

TTM: trailing 12 months

Shorting Granite Point Mortgage Trust shares

There are currently 1.2 million Granite Point Mortgage Trust shares held short by investors – that's known as Granite Point Mortgage Trust's "short interest". This figure is 31.3% down from 1.8 million 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 438809.71223022). Granite Point Mortgage Trust's SIR currently stands at 2.78. In other words for every 100,000 Granite Point Mortgage Trust shares traded daily on the market, roughly 2780 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 0.02% of the outstanding shares (for every 100,000 Granite Point Mortgage Trust shares in existence, roughly 20 shares are currently held short) or 0.0277% of the tradable shares (for every 100,000 tradable Granite Point Mortgage Trust shares, roughly 28 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: 76.92% of net profits

Recently Granite Point Mortgage Trust has paid out, on average, around 76.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.54% 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 7.54% return on their shares, in the form of dividend payments. In Granite Point Mortgage Trust's case, that would currently equate to about $0.4 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 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 March 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 $3.5535 up to $13.53. 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 1.5671. 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 1.944% of Granite Point Mortgage Trust shares are held by insiders and 76.179% 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