Does Granite Point Mortgage Trust Inc (GPMT) offer a good opportunity for investors?

With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.45 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $3.13 whereas the lowest price it dropped to was $3.01. The 52-week range on GPMT shows that it touched its highest point at $6.41 and its lowest point at $2.86 during that stretch. It currently has a 1-year price target of $3.78. With its current market cap of 157.68 million, GPMT has annualized dividend of $0.75 while the current yield stands at 24.27%. Beta for the stock currently stands at 1.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GPMT was down-trending over the past week, with a drop of -1.90%, but this was down by -19.32% over a month. Three-month performance dropped to -35.22% while six-month performance fell -43.41%. The stock lost -41.81% in the past year, while it has lost -47.98% so far this year. A look at the trailing 12-month EPS for GPMT yields -2.35 with Next year EPS estimates of -0.46. For the next quarter, that number is -0.39. This implies an EPS growth rate of -169.06% for this year and 47.86% for next year.

Float and Shares Shorts:

At present, 50.58 million GPMT shares are outstanding with a float of 49.61 million shares on hand for trading. On 2024-05-15, short shares totaled 0.8 million, which was 157.00001 higher than short shares on 1713139200. In addition to Mr. John A. Taylor J.D. as the firm’s President, CEO & Director, Mr. Marcin Urbaszek C.F.A. serves as its VP, CFO, Head of IR & Treasurer.

Institutional Ownership:

Through their ownership of 0.54284 of GPMT’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GPMT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.