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How to buy Granite Point Mortgage Trust (GPMT) stocks in Canada

Learn how to easily invest in Granite Point Mortgage Trust stocks.

Granite Point Mortgage Trust is a reit-mortgage business based in the US. Granite Point Mortgage Trust stocks (GPMT.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $14.02 – an increase of 1.03% over the previous week. Granite Point Mortgage Trust employs 0 staff and has a trailing 12-month revenue of around $123.6 million.

How to buy shares in Granite Point Mortgage Trust

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – GPMT – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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

Information last updated 2022-01-23.
Latest market close$11.76
52-week range$8.36 - $15.05
50-day moving average $12.15
200-day moving average $13.37
Wall St. target price$15.00
PE ratio 7.989
Dividend yield $0.95 (8.59%)
Earnings per share (TTM) $1.46

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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.

Granite Point Mortgage Trust price performance over time

Historical closes compared with the close of $11.76 from 2022-01-27

1 week (2022-01-21) 1.03%
1 month (2021-12-28) -2.41%
3 months (2021-10-28) -12.04%
6 months (2021-07-28) -17.07%
1 year (2021-01-28) 21.99%
2 years (2020-01-28) -36.29%
3 years (2019-01-28) 19.31
5 years (2017-01-24) 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 8x. In other words, Granite Point Mortgage Trust shares trade at around 8x 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 $123.6 million
Operating margin TTM 70.54%
Gross profit TTM $68.1 million
Return on assets TTM 2.03%
Return on equity TTM 8.99%
Profit margin 67.97%
Book value $17.33
Market capitalisation $626.1 million

TTM: trailing 12 months

Granite Point Mortgage Trust share dividends

92%

Dividend payout ratio: 91.74% of net profits

Recently Granite Point Mortgage Trust has paid out, on average, around 91.74% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.59% 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 8.59% return on their shares, in the form of dividend payments. In Granite Point Mortgage Trust's case, that would currently equate to about $0.95 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 17 January 2022. The latest dividend was paid out to all shareholders who bought their shares by 29 December 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 $8.3643 up to $15.0452. A popular way to gauge a stock's volatility is its "beta".

GPMT.US volatility(beta: 1.48)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 1.4836. 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. .

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