PriceTargets.com logo

Granite Point Mortgage Trust - GPMT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $6.56
  • Forecasted Upside: 51.73%
  • Number of Analysts: 4
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$4.33 As of 04/25/2024 01:00 AM ET
▼ -0.12 (-2.70%)

This chart shows the closing price for GPMT by one month, three months, or twelve months.

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Granite Point Mortgage Trust Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for GPMT and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for GPMT

Analyst Price Target is $6.56
▲ +51.73% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Granite Point Mortgage Trust in the last 3 months. The average price target is $6.56, with a high forecast of $9.00 and a low forecast of $4.75. The average price target represents a 51.73% upside from the last price of $4.33.

This chart shows the closing price for GPMT for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Hold

The current consensus among 4 contributing investment analysts is to hold stock in Granite Point Mortgage Trust. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
11/3/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
2/1/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
5/2/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
7/31/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/29/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
1/27/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
3/27/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
4/26/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/10/2024Keefe, Bruyette & WoodsLower TargetUnderperform ➝ Underperform$5.00 ➝ $4.75Low
3/20/2024UBS GroupLower TargetBuy ➝ Buy$6.50 ➝ $6.00Low
2/20/2024JMP SecuritiesDowngradeOutperform ➝ Market PerformLow
2/16/2024Raymond JamesLower TargetOutperform ➝ Outperform$7.00 ➝ $6.50Low
12/6/2023UBS GroupInitiated CoverageBuy$6.50Low
8/17/2023JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$9.00Low
5/12/2023Raymond JamesLower Target$9.00 ➝ $7.00Low
12/15/2022Keefe, Bruyette & WoodsDowngradeMarket Perform ➝ Underperform$6.00Low
12/13/2022JMP SecuritiesLower TargetMarket Outperform$12.00 ➝ $10.00Low
11/11/2022Raymond JamesLower TargetOutperform$10.00 ➝ $9.00Low
10/18/2022Raymond JamesLower TargetOutperform$13.50 ➝ $10.00Low
10/13/2022Credit Suisse GroupLower Target$10.00Low
9/15/2022JMP SecuritiesLower TargetMarket Outperform$13.00 ➝ $12.00Low
7/22/2022Credit Suisse GroupLower Target$12.00Low
6/17/2022JMP SecuritiesLower TargetMarket Outperform$15.00 ➝ $13.00High
5/20/2022Credit Suisse GroupLower Target$13.00High
3/28/2022JMP SecuritiesReiterated RatingBuy$15.00Low
3/1/2022Credit Suisse GroupLower TargetOutperform$15.00 ➝ $14.00High
12/23/2021JMP SecuritiesReiterated RatingBuy$15.00Low
10/12/2021JMP SecuritiesReiterated RatingBuy$15.00Low
5/18/2021Raymond JamesBoost TargetOutperform$13.50 ➝ $16.00Low
5/14/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$12.00 ➝ $15.00High
5/7/2021JMP SecuritiesBoost TargetOutperform$13.00 ➝ $14.00Low
4/26/2021JPMorgan Chase & Co.Boost TargetNeutral$10.00 ➝ $12.00Medium
3/17/2021Credit Suisse GroupBoost TargetNeutral$10.50 ➝ $12.00Medium
3/9/2021Raymond JamesBoost TargetOutperform$11.00 ➝ $13.50Low
11/12/2020Raymond JamesBoost TargetOutperform$9.50 ➝ $11.00Medium
9/29/2020Raymond JamesReiterated RatingBuy$9.50High
8/12/2020Raymond JamesBoost TargetOutperform$9.00 ➝ $9.50High
4/27/2020Credit Suisse GroupLower TargetNeutral$18.00 ➝ $7.00Medium
4/13/2020Raymond JamesLower TargetOutperform$19.50 ➝ $9.00High
3/26/2020CitigroupLower TargetNeutral$16.00 ➝ $2.50High
3/26/2020JMP SecuritiesUpgradeMarket Perform ➝ Outperform$10.00High
3/4/2020Raymond JamesLower TargetOutperform$20.50 ➝ $19.50High
1/8/2020Credit Suisse GroupInitiated CoverageNeutral$18.00Low
1/2/2020JMP SecuritiesDowngradeOutperform ➝ Market PerformHigh
8/13/2019Raymond JamesDowngradeStrong-Buy ➝ Outperform$21.00 ➝ $20.50High
(Data available from 4/26/2019 forward)

News Sentiment Rating

1.12 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/29/2023
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/29/2023
  • 6 very positive mentions
  • 0 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/28/2023
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/28/2023
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/27/2024
  • 11 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/26/2024
  • 6 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/27/2024
  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/26/2024

Current Sentiment

  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Granite Point Mortgage Trust logo
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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2015 and is headquartered in New York, New York.
Read More

Today's Range

Now: $4.33
Low: $4.32
High: $4.41

50 Day Range

MA: $4.63
Low: $4.22
High: $4.93

52 Week Range

Now: $4.33
Low: $3.97
High: $6.41

Volume

228,406 shs

Average Volume

412,139 shs

Market Capitalization

$219.67 million

P/E Ratio

N/A

Dividend Yield

13.42%

Beta

1.8

Frequently Asked Questions

What sell-side analysts currently cover shares of Granite Point Mortgage Trust?

The following Wall Street research analysts have issued stock ratings on Granite Point Mortgage Trust in the last twelve months: JMP Securities, Keefe, Bruyette & Woods, Raymond James, and UBS Group AG.
View the latest analyst ratings for GPMT.

What is the current price target for Granite Point Mortgage Trust?

4 Wall Street analysts have set twelve-month price targets for Granite Point Mortgage Trust in the last year. Their average twelve-month price target is $6.56, suggesting a possible upside of 51.7%. JMP Securities has the highest price target set, predicting GPMT will reach $9.00 in the next twelve months. Keefe, Bruyette & Woods has the lowest price target set, forecasting a price of $4.75 for Granite Point Mortgage Trust in the next year.
View the latest price targets for GPMT.

What is the current consensus analyst rating for Granite Point Mortgage Trust?

Granite Point Mortgage Trust currently has 1 sell rating, 1 hold rating and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in GPMT, but not buy more shares or sell existing shares.
View the latest ratings for GPMT.

What other companies compete with Granite Point Mortgage Trust?

Other companies that are similar to Granite Point Mortgage Trust include NexPoint Real Estate Finance, Franklin Street Properties, Alpine Income Property Trust, Industrial Logistics Properties Trust and Braemar Hotels & Resorts. Learn More about companies similar to Granite Point Mortgage Trust.

How do I contact Granite Point Mortgage Trust's investor relations team?

Granite Point Mortgage Trust's physical mailing address is 3 Bryant Park Suite 2400A, NEW YORK NY, 10036. The company's listed phone number is (212) 364-5500 and its investor relations email address is [email protected]. The official website for Granite Point Mortgage Trust is www.gpmortgagetrust.com. Learn More about contacing Granite Point Mortgage Trust investor relations.