Granite Point Mortgage Trust (GPMT) Stock Price

Statistics

The Granite Point Mortgage Trust stock price is currently $ 2.44 with a total market cap valuation of $ 11.76M (4.82M shares outstanding). The Granite Point Mortgage Trust is trading on NYSE under the ticker sign GPMT. Granite Point Mortgage Trust price is up -8.27% in the past 24 hours. The Granite Point Mortgage Trust stock price prediction is currently bullish. The Granite Point Mortgage Trust trailing twelve month dividend rate is $ 0.25 per share with dividend yield of 10.25%.

Description

Granite Point Mortgage Trust Inc. functions as a real estate investment trust (REIT) primarily involved in the origination, investment, and management of senior floating-rate commercial mortgage loans. Beyond these loans, the company also engages with various other debt and debt-like instruments tied to commercial real estate throughout the United States. Its primary service involves providing intermediate-term, transitional capital for diverse objectives, such as property acquisitions, financial recapitalizations, and existing loan refinancing. This funding is crucial for supporting a range of commercial property initiatives, including enhancing occupancy through lease-up, executing renovations, repositioning assets, or repurposing properties entirely. As of December 31, 2021, the firm's investment portfolio comprised 105 commercial real estate loan holdings. Granite Point Mortgage Trust Inc. was established in 2015 and maintains its corporate headquarters in New York, New York.

Company Profile

• Full Name: Granite Point Mortgage Trust
• Sector: Real Estate
• Website: https://www.gpmtreit.com