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Granite Point Mortgage Trust Inc. (GPMT)

Real Estate | REIT - Mortgage | New York, United States | NYSE
5.31 USD -0.09 (-1.667%) ⇩ (Oct. 15, 2026, 4 p.m. EDT)

Short-term:★☆☆☆☆Long-term:⯪☆☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 3:44 a.m. EDT

The investment case here is fundamentally broken. The company is reporting negative revenue and negative earnings, resulting in a negative forward P/E and a price-to-book ratio well below one, indicating the market has already priced in severe distress. While the 5.57% dividend yield appears attractive on the surface, the payout ratio of nearly 6% on negative earnings is a mathematical anomaly that masks the reality of capital depletion; this yield is likely unsustainable as the trust burns through assets to cover obligations. The options market confirms this bearish sentiment, with traders buying cheap insurance against further declines while avoiding any exposure to upside moves. Although the statistical forecasting model shows low confidence, its slight negative lean aligns with the overwhelming fundamental deterioration. This is a value trap where the low price reflects a deteriorating business, not a margin of safety.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.281165
MSTL0.282799
AutoARIMA0.302665
AutoETS0.304527

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 33%
H-stat 22.89
Ljung-Box p 0.000
Jarque-Bera p 0.030
Excess Kurtosis 0.30
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-30
Last Dividend Date 2026-09-30
Debt to Equity Ratio 198.404
Revenue per Share -6.088
Market Cap 25,589,420
Forward P/E -0.77
Beta 1.65
Website https://www.gpmtreit.com

As of Oct. 10, 2026, 3:44 a.m. EDT: Speculators are positioning aggressively for downside protection, evidenced by significant open interest in deep out-of-the-money puts (strikes at 2.5) relative to virtually nonexistent call activity. This asymmetry suggests a consensus view of continued weakness rather than a speculative bet on a rebound.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.25% 10.58% 9.27% 10.86%
Dividend History
Date Dividend Yield %
2026-10-01 0.1 1.250000
2026-07-01 0.5 3.401361
2026-04-01 0.5 3.846154
2025-12-30 0.5 2.083333
2025-10-01 0.5 1.666667
2025-07-01 0.5 1.937985
2025-04-01 0.5 1.992032
2024-12-31 0.5 1.792115
2024-10-01 0.5 1.677852
2024-07-01 0.5 1.736111
2024-03-28 1.5 3.144654
2023-12-28 2.0 3.267974
2023-09-29 2.0 4.098361
2023-06-30 2.0 3.773585
2023-03-31 2.0 4.032258
2022-12-29 2.0 3.745318
2022-09-30 2.5 3.881987
2022-06-30 2.5 2.612330
2022-03-31 2.5 2.248202
2021-12-30 2.5 2.133106
2021-09-30 2.5 1.898254
2021-06-30 2.5 1.694915
2021-03-31 2.5 2.088555
2020-12-30 4.5 4.587156
2020-10-07 2.0 2.785515
2019-12-30 4.2 2.282609
2019-10-02 4.2 2.302632
2019-07-03 4.2 2.214022
2019-03-29 4.2 2.261712
2018-12-28 4.2 2.302632
2018-10-01 4.2 2.250804
2018-06-29 4.0 2.179837
2018-03-28 3.8 2.272727
2017-12-28 3.8 2.138436
2017-09-28 3.2 1.707577
Additional Data
dividendYield 7.53
exDividendDate 2026-10-01
trailingAnnualDividendRate 2.0
trailingAnnualDividendYield 0.37037036
lastDividendValue 0.1
lastDividendDate 2026-10-01
dividendDate 2026-10-15

Info Dump

Attribute Value
52 Week Change -0.79418606
Address1 1,114 Avenue of the Americas
Address2 Suite 3020
All Time High 196.9
All Time Low 5.28
Ask 0.0
Ask Size 200
Average Analyst Rating 3.0 - Hold
Average Daily Volume10 Day 52,511
Average Daily Volume3 Month 28,728
Average Volume 28,728
Average Volume10Days 52,511
Beta 1.654
Bid 0.0
Bid Size 300
Book Value 99.628
City New York
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 5.31
Current Ratio 4.185
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 5.4395
Day Low 5.28
Debt To Equity 198.404
Display Name Granite Point Mortgage Trust
Dividend Date 1,792,022,400
Dividend Yield 7.53
Earnings Call Timestamp End 1,786,028,400
Earnings Call Timestamp Start 1,786,028,400
Earnings Timestamp 1,785,960,000
Earnings Timestamp End 1,793,908,800
Earnings Timestamp Start 1,793,908,800
Ebitda Margins 0.0
Enterprise To Revenue -31.754
Enterprise Value 920,451,200
Eps Current Year -15.23344
Eps Forward -6.88706
Eps Trailing Twelve Months -20.0
Esg Populated 0
Ex Dividend Date 1,790,812,800
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 9.526
Fifty Day Average Change -4.216
Fifty Day Average Change Percent -0.44257823
Fifty Two Week Change Percent -79.4186
Fifty Two Week High 28.5
Fifty Two Week High Change -23.19
Fifty Two Week High Change Percent -0.8136842
Fifty Two Week Low 5.28
Fifty Two Week Low Change 0.029999733
Fifty Two Week Low Change Percent 0.0056817676
Fifty Two Week Range 5.28 - 28.5
Financial Currency USD
First Trade Date Milliseconds 1,498,483,800,000
Five Year Avg Dividend Yield 11.96
Float Shares 4,521,663
Forward Eps -6.88706
Forward P E -0.7710111
Full Exchange Name NYSE
Full Time Employees 28
Fullday Change -0.07000017
Fullday Change Percent -1.2962995
Fullday Price 5.31
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Gross Profits -32,242,000
Has Pre Post Market Data 1
Held Percent Insiders 0.069070004
Held Percent Institutions 0.40002
Implied Shares Outstanding 4,819,100
Industry REIT - Mortgage
Industry Disp REIT - Mortgage
Industry Key reit-mortgage
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,790,812,800
Last Dividend Value 0.1
Last Fiscal Year End 1,767,139,200
Last Split Date 1,791,244,800
Last Split Factor 1:10
Long Business Summary 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.
Long Name Granite Point Mortgage Trust Inc.
Market us_market
Market Cap 25,589,420
Market State PRE
Max Age 86,400
Message Board Id finmb_431961933
Most Recent Quarter 1,782,777,600
Net Income To Common -95,939,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 40,341,864
Number Of Analyst Opinions 2
Open 5.37
Operating Cashflow 5,742,000
Operating Margins 1.23792
Payout Ratio 5.8824
Phone 212 364 5500
Previous Close 5.4
Price Eps Current Year -0.34857523
Price Hint 2
Price To Book 0.05329827
Price To Sales Trailing12 Months -0.88278955
Profit Margins 0.0
Quick Ratio 4.032
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.0
Region US
Regular Market Change -0.0900002
Regular Market Change Percent -1.66667
Regular Market Day High 5.4395
Regular Market Day Low 5.28
Regular Market Day Range 5.28 - 5.4395
Regular Market Open 5.37
Regular Market Previous Close 5.4
Regular Market Price 5.31
Regular Market Time 1,792,094,403
Regular Market Volume 100,979
Return On Assets -0.04828
Return On Equity -0.1533
Revenue Per Share -6.088
Sand P52 Week Change 0.16207206
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Shares Outstanding 4,819,100
Shares Percent Shares Out 0.0126
Shares Short 60,847
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 23,266
Short Name Granite Point Mortgage Trust In
Short Percent Of Float 0.0135
Short Ratio 2.11
Source Interval 15
State NY
Symbol GPMT
Target High Price 15.0
Target Low Price 8.0
Target Mean Price 11.5
Target Median Price 11.5
Total Cash 58,478,000
Total Cash Per Share 12.133
Total Debt 953,129,024
Total Revenue -28,987,000
Tradeable 0
Trailing Annual Dividend Rate 2.0
Trailing Annual Dividend Yield 0.37037036
Trailing Eps -20.0
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 14.683
Two Hundred Day Average Change -9.372999
Two Hundred Day Average Change Percent -0.6383572
Type Disp Equity
Volume 100,979
Website https://www.gpmtreit.com
Zip 10,036