Granite Point Mortgage TrustGPMT
Market Cap: $145M
About: Granite Point Mortgage Trust Inc focuses on directly originating, investing in, and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assesses each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing, and a range of business plans, including lease-up, renovation, repositioning, and repurposing of the property.
Employees: 35
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1% less funds holding
Funds holding: 125 [Q1] → 124 (-1) [Q2]
4% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 24
5% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 40
3.13% less ownership
Funds ownership: 51.68% [Q1] → 48.55% (-3.13%) [Q2]
13% less call options, than puts
Call options by funds: $276K | Put options by funds: $316K
42% less capital invested
Capital invested by funds: $126M [Q1] → $73.6M (-$52.4M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Jade Rahmani 81% 1-year accuracy 22 / 27 met price target | 4%downside $2.75 | Underperform Maintained | 12 Aug 2024 |
Keefe, Bruyette & Woods Jade Rahmani 81% 1-year accuracy 22 / 27 met price target | 14%upside $3.25 | Underperform Maintained | 10 Jul 2024 |