Analyst Price Target is $12.00
▲ +57.48% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Granite Point Mortgage Trust in the last 3 months. The average price target is $12.00, with a high forecast of $12.00 and a low forecast of $12.00. The average price target represents a 57.48% upside from the last price of $7.62.
Current Consensus is
The current consensus among 2 polled investment analysts is to buy stock in Granite Point Mortgage Trust. This Buy consensus rating has held steady for over two years.
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. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. As of December 31, 2021, its investment portfolio includes 105 commercial real estate loan investments. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.