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How to buy Granite Point Mortgage Trust stock | $9.99

Own Granite Point Mortgage Trust stock in just a few minutes.

Fact checked

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.

How to buy shares in Granite Point Mortgage Trust

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Granite Point Mortgage Trust. Find the stock by name or ticker symbol: GPMT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Granite Point Mortgage Trust reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$9.99, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Granite Point Mortgage Trust, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Granite Point Mortgage Trust. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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

Information last updated 2020-12-26.
Latest market closeUSD$9.99
52-week rangeUSD$1.693 - USD$18.1946
50-day moving average USD$9.4321
200-day moving average USD$7.4968
Wall St. target priceUSD$9.92
PE ratio 23.1724
Dividend yield USD$0.8 (7.83%)
Earnings per share (TTM) USD$1.32

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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 $9.99 from 2020-12-09

1 week (2021-01-07) 0.81%
1 month (2020-12-17) -0.89%
3 months (2020-10-16) 43.12%
6 months (2020-07-16) 50.00%
1 year (2020-01-16) -45.94%
2 years (2019-01-16) -47.39%
3 years (2018-01-16) 17.45
5 years (2016-01-13) 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 23x. In other words, Granite Point Mortgage Trust shares trade at around 23x recent earnings.

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

Granite Point Mortgage Trust financials

Revenue TTM USD$64.8 million
Operating margin TTM 22.63%
Gross profit TTM USD$106.8 million
Return on assets TTM -1.05%
Return on equity TTM -4.69%
Profit margin -70.86%
Book value $16.927
Market capitalisation USD$561.4 million

TTM: trailing 12 months

Shorting Granite Point Mortgage Trust shares

There are currently 2.9 million Granite Point Mortgage Trust shares held short by investors – that's known as Granite Point Mortgage Trust's "short interest". This figure is 11.8% down from 3.3 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 621683.15565032). Granite Point Mortgage Trust's SIR currently stands at 4.69. In other words for every 100,000 Granite Point Mortgage Trust shares traded daily on the market, roughly 4690 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 0.05% of the outstanding shares (for every 100,000 Granite Point Mortgage Trust shares in existence, roughly 50 shares are currently held short) or 0.0751% of the tradable shares (for every 100,000 tradable Granite Point Mortgage Trust shares, roughly 75 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

91%

Dividend payout ratio: 90.68% of net profits

Recently Granite Point Mortgage Trust has paid out, on average, around 90.68% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.83% 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 7.83% return on their shares, in the form of dividend payments. In Granite Point Mortgage Trust's case, that would currently equate to about $0.8 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 19 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (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 $1.693 up to $18.1946. A popular way to gauge a stock's volatility is its "beta".

GPMT.US volatility(beta: 1.52)Avg. volatility(beta: 1.00)LowHigh

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 1.5205. 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, 2019, its investment portfolio includes 122 commercial real estate debt 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.

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