During the last session, Granite Point Mortgage Trust Inc (NYSE:GPMT)’s traded shares were 0.35 million, with the beta value of the company hitting 1.73. At the end of the trading day, the stock’s price was $2.13, reflecting an intraday loss of -2.29% or -$0.05. The 52-week high for the GPMT share is $3.86, that puts it down -81.22 from that peak though still a striking 24.41% gain since the share price plummeted to a 52-week low of $1.61. The company’s market capitalization is $103.10M, and the average trade volume was 426.37K shares over the past three months.
Granite Point Mortgage Trust Inc (GPMT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. GPMT has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.77.
Granite Point Mortgage Trust Inc (NYSE:GPMT) trade information
Granite Point Mortgage Trust Inc (GPMT) registered a -2.29% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.29% in intraday trading to $2.13, hitting a weekly high. The stock’s 5-day price performance is 9.23%, and it has moved by 0.95% in 30 days. Based on these gigs, the overall price performance for the year is -51.37%.
The consensus price target of analysts on Wall Street is $6.25, which implies an increase of 65.92% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $9 respectively. As a result, GPMT is trading at a discount of -322.54% off the target high and -64.32% off the low.
Granite Point Mortgage Trust Inc (GPMT) estimates and forecasts
In the rating firms’ projections, revenue will increase 4.65% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 9.2M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 9.55M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.13M and 7.66M respectively. In this case, analysts expect current quarter sales to grow by 13.15% and then jump by 24.71% in the coming quarter.
While earnings are projected to return 17.10% in 2025.
GPMT Dividends
Granite Point Mortgage Trust Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Granite Point Mortgage Trust Inc is 0.20, with the dividend yield indicating at 9.39 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 2.81 million shares, is of VANGUARD GROUP INC’s that is approximately 5.5196% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.35 million.
Also, the Mutual Funds coming in first place with the largest holdings of Granite Point Mortgage Trust Inc (GPMT) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 1.58 shares. This amounts to just over 3.26 percent of the company’s overall shares, with a $3.36 million market value. The same data shows that the other fund manager holds slightly less at 1.36, or about 2.81% of the stock, which is worth about $2.9 million.
