Granite Point Mortgage Trust Inc

$12.38 0.00% ($0.00)
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  • 1M
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About Granite Point Mortgage Trust Inc

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 risk-adjusted returns for its stockholders over the long-term, primarily through dividends, and to preserve its capital base through business cycles. It is focused on originating senior commercial mortgage loans backed by different types of commercial real estate properties located in various markets across the United States. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans, including lease-up, renovation, repositioning and repurposing of commercial property.

Stock Analysis

last close $12.32
1-mo return -7.4%
3-mo return -8.6%
avg daily vol. 295.55T
52-week high 15.92
52-week low 9.03
market cap. $663M
forward pe 10.7
annual div. 1
roe 9%
ltg forecast 0.7%
dividend yield 8.12%
annual rev. $207M
inst own. 67.1%

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