Granite Point Mortgage Stock Today
| GPMT Stock | USD 4.39 0.08 1.86% |
Performance0 of 100
| Odds Of DistressOver 53
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Granite Point is selling for under 4.39 as of the 19th of April 2024; that is 1.86 percent up since the beginning of the trading day. The stock's last reported lowest price was 4.3. Granite Point has 53 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Granite Point Mortgage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Financial Services | IPO Date 23rd of June 2017 | Category Real Estate | Classification Financials |
Granite Point Mortgage Trust Inc., a real estate investment trust, 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. Granite Point Mortgage Trust Inc. The company has 50.79 M outstanding shares of which 474.48 K shares are currently shorted by private and institutional investors with about 1.15 trading days to cover. More on Granite Point Mortgage
Moving together with Granite Stock
| 0.88 | DHIL | Diamond Hill Investment | PairCorr |
| 0.75 | AC | Associated Capital | PairCorr |
Moving against Granite Stock
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| 0.82 | QD | Qudian Inc | PairCorr |
| 0.75 | MA | Mastercard Financial Report 25th of April 2024 | PairCorr |
| 0.72 | TW | Tradeweb Markets Earnings Call This Week | PairCorr |
| 0.72 | WT | WisdomTree Earnings Call This Week | PairCorr |
| 0.63 | SF | Stifel Financial Earnings Call This Week | PairCorr |
| 0.61 | LU | Lufax Holding Financial Report 27th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Granite Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Granite Point's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Granite Point or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | John Taylor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Mortgage Real Estate Investment Trusts (REITs), Financial Services, Real Estate, NYSE Composite, Financials, Mortgage Real Estate Investment Trusts (REITs), REIT—Mortgage, Real Estate (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Granite Point report their recommendations after researching Granite Point's financial statements, talking to executives and customers, or listening in on Granite Point's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Granite Point Mortgage. The Granite consensus assessment is calculated by taking the average forecast from all of the analysts covering Granite Point. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Granite Point's liquidity, profitability, solvency, and operating efficiency, Granite Point Mortgage may be sliding down financialy. It has an above-average odds of going through some form of financial crisis next quarter. Financial strength of Granite Point Mortgage is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Granite Point's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Granite Point's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Granite Point's financial leverage. It provides some insight into what part of Granite Point's total assets is financed by creditors.
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Granite Point Mortgage (GPMT) is traded on New York Stock Exchange in USA. It is located in 3 Bryant Park, New York, NY, United States, 10036 and employs 36 people. Granite Point is listed under Mortgage Real Estate Investment Trusts (REITs) category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 218.92 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Granite Point's market, we take the total number of its shares issued and multiply it by Granite Point's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Granite Point Mortgage conducts business under Mortgage Real Estate Investment Trusts (REITs) sector and is part of Financials industry. The entity has 50.79 M outstanding shares of which 474.48 K shares are currently shorted by private and institutional investors with about 1.15 trading days to cover.
Granite Point Mortgage currently holds about 150.19 M in cash with 48.17 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.87.
Check Granite Point Probability Of Bankruptcy
Ownership AllocationGranite Point secures a total of 50.79 Million outstanding shares. Over half of Granite Point's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Granite Point Mortgage. Please watch out for any change in the institutional holdings of Granite Point as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Granite Ownership Details
Granite Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Granite Point jumping above the current price in 90 days from now is about 83.04%. The Granite Point Mortgage probability density function shows the probability of Granite Point stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.4863. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Granite Point will likely underperform. Additionally, granite Point Mortgage has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Granite Point to move above the current price in 90 days from now is about 83.04 (This Granite Point Mortgage probability density function shows the probability of Granite Stock to fall within a particular range of prices over 90 days) .
Granite Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Granite Point that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Granite Point's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Granite Point's value.| Instituion | Recorded On | Shares | |
| Balyasny Asset Management Llc | 2023-12-31 | 568.5 K | |
| Citadel Advisors Llc | 2023-09-30 | 552.3 K | |
| Millennium Management Llc | 2023-12-31 | 532 K | |
| Northern Trust Corp | 2023-12-31 | 489.9 K | |
| Two Sigma Advisers, Llc | 2023-12-31 | 467.8 K | |
| Prudential Financial Inc | 2023-12-31 | 444 K | |
| Two Sigma Investments Llc | 2023-12-31 | 411.6 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 379.5 K | |
| Amvescap Plc. | 2023-12-31 | 376 K | |
| Blackrock Inc | 2023-12-31 | 5.4 M | |
| Vanguard Group Inc | 2023-12-31 | 2.8 M |
Granite Point Historical Income Statement
Granite Point Mortgage Income Statement is one of the three primary financial statements used for reporting Granite's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Granite Point Mortgage revenue and expense. Granite Point Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Granite Point's Total Operating Expenses is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 115.6 K in 2024, despite the fact that Net Loss is likely to grow to (53.2 M). View More FundamentalsGranite Stock Against Markets
Picking the right benchmark for Granite Point stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Granite Point stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Granite Point is critical whether you are bullish or bearish towards Granite Point Mortgage at a given time. Please also check how Granite Point's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Granite Point without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Granite Point Corporate Directors
Granite Point corporate directors refer to members of a Granite Point board of directors. The board of directors generally takes responsibility for the Granite Point's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Granite Point's board members must vote for the resolution. The Granite Point board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Tanuja Dehne | Independent Director | Profile | |
| Martin Kamarck | Independent Director | Profile | |
| William Roth | Director | Profile | |
| Hope Woodhouse | Independent Director | Profile |
How to buy Granite Stock?
Before investing in Granite Point, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Granite Point. To buy Granite Point stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Granite Point. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Granite Point stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Granite Point Mortgage stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Granite Point Mortgage stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Granite Point Mortgage, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Granite Stock please use our How to Invest in Granite Point guide.
Already Invested in Granite Point Mortgage?
The danger of trading Granite Point Mortgage is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Granite Point is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Granite Point. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Granite Point Mortgage is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Granite Point Mortgage is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Granite Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Granite Point Mortgage Stock. Highlighted below are key reports to facilitate an investment decision about Granite Point Mortgage Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Point Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Granite Stock analysis
When running Granite Point's price analysis, check to measure Granite Point's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Point is operating at the current time. Most of Granite Point's value examination focuses on studying past and present price action to predict the probability of Granite Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Point's price. Additionally, you may evaluate how the addition of Granite Point to your portfolios can decrease your overall portfolio volatility.
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Is Granite Point's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Granite Point. If investors know Granite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Granite Point listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Dividend Share 0.8 | Earnings Share (1.50) | Revenue Per Share (0.44) | Quarterly Revenue Growth 0.827 |
The market value of Granite Point Mortgage is measured differently than its book value, which is the value of Granite that is recorded on the company's balance sheet. Investors also form their own opinion of Granite Point's value that differs from its market value or its book value, called intrinsic value, which is Granite Point's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Granite Point's market value can be influenced by many factors that don't directly affect Granite Point's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Granite Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Granite Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Granite Point's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.