Granite Point Mortgage Trust Inc. (GPMT) Stock
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 offers intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, such as lease-up, renovation, repositioning, and repurposing of the commercial property.
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About Granite Point Mortgage Trust Inc.
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 offers intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, such as lease-up, renovation, repositioning, and repurposing of the commercial property. It also originates and invests in mezzanine loans, subordinated mortgage interests, and other real estate securities, as well as preferred equity investments, unsecured notes, and other investments that are subordinated or otherwise junior in an issuer’s capital structure. The company was founded in 2015 and is headquartered in New York, New York.
Granite Point Mortgage Trust Inc. is headquartered in US.
Granite Point Mortgage Trust Inc. (GPMT) stock trades at $1.38 with a market capitalization of $66.13M. The stock is valued at a price-to-earnings (P/E) ratio of -1.28, price-to-book of 0.12, price-to-sales of 0.49. Over the past 52 weeks the stock has ranged between $1.24 and $3.12, and currently trades 55.8% below its 52-week high. It pays a dividend yielding 14.49%.
On profitability, Granite Point Mortgage Trust Inc. generates a return on equity (ROE) of -6.46%, return on capital employed of 1.68%, an operating margin of 7.33%, a net profit margin of -27.11%.
Official website: www.gpmtreit.com