Currently, there are 49.96M common shares owned by the public and among those 48.54M shares have been available to trade.
The company’s stock has a 5-day price change of 10.41% and -5.11% over the past three months. GPMT shares are trading 6.45% year to date (YTD), with the 12-month market performance down to -46.39% lower. It has a 12-month low price of $2.46 and touched a high of $6.12 over the same period. GPMT has an average intraday trading volume of 410.16K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.14%, -5.71%, and -6.81% respectively.
Institutional ownership of Granite Point Mortgage Trust Inc (NYSE: GPMT) shares accounts for 49.47% of the company’s 49.96M shares outstanding.
It has a market capitalization of $148.37M and a beta (3y monthly) value of 1.89. The earnings-per-share (ttm) stands at -$3.88. The company has a debt-to-equity ratio at 2.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.51% over the week and 4.44% over the month.
Earnings per share for the fiscal year are expected to decrease by -565.31%, and 10.17% over the next financial year.
Looking at the support for the GPMT, a number of firms have released research notes about the stock. Keefe Bruyette stated their Mkt Perform rating for the stock in a research note on December 10, 2024, with the firm’s price target at $3-$3.25. UBS was of a view on December 06, 2023 that the stock is Buy, while Keefe Bruyette gave the stock Underperform rating on December 15, 2022, issuing a price target of $6. Credit Suisse on their part issued Outperform rating on May 14, 2021.
