In last trading session, Granite Point Mortgage Trust Inc (NYSE:GPMT) saw 0.78 million shares changing hands with its beta currently measuring 1.75. Company’s recent per share price level of $1.64 trading at -$0.12 or -6.82% at ring of the bell on the day assigns it a market valuation of $80.12M. That closing price of GPMT’s stock is at a discount of -174.39% from its 52-week high price of $4.50 and is indicating a premium of 1.83% from its 52-week low price of $1.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.59 million shares which gives us an average trading volume of 399.16K if we extend that period to 3-months.
For Granite Point Mortgage Trust Inc (GPMT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.33. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.71 in the current quarter.
Granite Point Mortgage Trust Inc (NYSE:GPMT) trade information
Upright in the red during last session for losing -6.82%, in the last five days GPMT remained trading in the red while hitting it’s week-highest on Wednesday, 04/23/25 when the stock touched $1.64 price level, adding 13.23% to its value on the day. Granite Point Mortgage Trust Inc’s shares saw a change of -41.22% in year-to-date performance and have moved -5.20% in past 5-day. Granite Point Mortgage Trust Inc (NYSE:GPMT) showed a performance of -40.36% in past 30-days. Number of shares sold short was 1.25 million shares which calculate 4.02 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.25 to the stock, which implies a rise of 73.76% to its current value. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -113.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -113.41% for stock’s current value.
Granite Point Mortgage Trust Inc (GPMT) estimates and forecasts
This year revenue growth is estimated to rise 2.74% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 8.73M for the same. And 3 analysts are in estimates of company making revenue of 9.19M in the next quarter. Company posted 12.52M and 8.13M of sales in current and next quarters respectively a year earlier.
GPMT Dividends
Granite Point Mortgage Trust Inc is more likely to be releasing its next quarterly report on 2025-Feb-12 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 12.20%, the share has a forward dividend of 0.20 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 13.48%.
Granite Point Mortgage Trust Inc (NYSE:GPMT)’s Major holders
Insiders are in possession of 2.91% of company’s total shares while institution are holding 54.75 percent of that, with stock having share float percentage of 56.39%. Investors also watch the number of corporate investors in a company very closely, which is 54.75% institutions for Granite Point Mortgage Trust Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at GPMT for having 5.31 million shares of worth $15.77 million. And as of 2024-06-30, it was holding 10.4237 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 2.81 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.5196 of outstanding shares, having a total worth of $8.35 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 1.58 shares of worth $2.58 million or 3.26% of the total outstanding shares. The later fund manager was in possession of 1.36 shares on Mar 31, 2025 , making its stake of worth around $2.23 million in the company or a holder of 2.81% of company’s stock.
