Granite Point Mortgage Trust Inc
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Granite Point Mortgage Trust Inc. is an internally-managed real estate finance company. The Company is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The Company’s investment objective is to generate attractive risk-adjusted returns over the long term, primarily through dividends, and to preserve its capital base through business cycles. It is focused on originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like instruments secured by various types of institutional commercial properties located in markets across the United States. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, and a range of business plans, including lease-up, renovation, repositioning and repurposing of the commercial property.

Postmarket

Last Trade
Delayed
$10.38
0.19 (1.86%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$10.19
Day's Change
0.04 (0.39%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.20
Day's Low
10.02
Volume
(Heavy Day)
Volume:
299,316

10-day average volume:
229,544
299,316

Company Profile

Granite Point Mortgage Trust Inc. is an internally-managed real estate finance company. The Company is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The Company’s investment objective is to generate attractive risk-adjusted returns over the long term, primarily through dividends, and to preserve its capital base through business cycles. It is focused on originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like instruments secured by various types of institutional commercial properties located in markets across the United States. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, and a range of business plans, including lease-up, renovation, repositioning and repurposing of the commercial property.

Valuation Ratios

Price/Earnings (TTM)
67.68x
Price/Sales (TTM)
2.72x
Price/Book (MRQ)
0.50x
Price/Cash Flow (TTM)
19.86x
TTM = Trailing Twelve Months
MRQ = Most Recent Quarter

Price Performance

Historic Growth and Share Detail

Historic Growth

Annual growth, past 5 years
EPS
Revenue
Dividend

Short Interest

July 2022
Current Month
1.2M
Previous Month
1.1M
Percent of Float
2.21%
Days to Cover
4.5610 Days

Share Information

GPMT is in a share class of common stock
Float
51.4M
Shares Outstanding
52.4M
Institutions Holding Shares
228
68.37%

Financial Statements

Balance sheet

Values displayed are in millions.

Income statement

Values displayed are in thousands.

Cash flow

Values displayed are in millions.

Company Officers

  • Stephen Garfield Kasnet
  • John A. TaylorPres.
  • Marcin UrbaszekCFO
  • Steven PlustCOO
  • Stephen AlpartChief Inv.Off.

Address

Insider Trading

No insider trading activity.

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Market data and information provided by Morningstar.

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