It makes sense and dollars to buy Granite Point Mortgage Trust Inc (GPMT) stock

With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.37 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $3.43 whereas the lowest price it dropped to was $3.27. The 52-week range on GPMT shows that it touched its highest point at $6.41 and its lowest point at $2.46 during that stretch. It currently has a 1-year price target of $3.33. With its current market cap of 163.36 million, GPMT has annualized dividend of $0.45 while the current yield stands at 13.76%. GPMT paid its most recent dividend on 1719792000, while the ex-dividend date for that was 1727740800. Beta for the stock currently stands at 1.85.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GPMT was up-trending over the past week, with a rise of 8.64%, but this was up by 9.00% over a month. Three-month performance surged to 27.73% while six-month performance fell -0.91%. The stock lost -30.43% in the past year, while it has lost -44.95% so far this year. A look at the trailing 12-month EPS for GPMT yields -3.88 with Next year EPS estimates of -0.46. For the next quarter, that number is -0.61. This implies an EPS growth rate of -317.85% for this year and 66.37% for next year.

Float and Shares Shorts:

At present, 50.58 million GPMT shares are outstanding with a float of 48.56 million shares on hand for trading. On 2024-10-31, short shares totaled 1.25 million, which was 248.99999999999997 higher than short shares on 1727654400. In addition to Mr. John A. Taylor J.D. as the firm’s President, CEO & Director, Mr. Marcin Urbaszek C.F.A. serves as its VP, CFO, Head of IR & Treasurer.

Institutional Ownership:

Through their ownership of 0.55005 of GPMT’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GPMT since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GPMT analysts setting a high price target of 3.5 and a low target of 2.75, the average target price over the next 12 months is 3.25. Based on these targets, GPMT could surge 7.03% to reach the target high and fall by -15.9% to reach the target low. Reaching the average price target will result in a decline of -0.61% from current levels.

Analysts have provided yearly estimates in a range of -$1.39186 being high and -$1.75279 being low. For GPMT, this leads to a yearly average estimate of -$1.51224. The surprise factor in the prior quarter was -$0.21. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.85. The average estimate for the next quarter is thus -$0.45.