Granite Point Mortgage TrustGPMT
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 Q3 regulatory filings by fund managers ($100M+ AUM)
9% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 35
5% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 19
1% more funds holding
Funds holding: 125 [Q2] → 126 (+1) [Q3]
5% less capital invested
Capital invested by funds: $76.6M [Q2] → $73.1M (-$3.51M) [Q3]
5.04% less ownership
Funds ownership: 50.54% [Q2] → 45.5% (-5.04%) [Q3]
54% less call options, than puts
Call options by funds: $117K | Put options by funds: $255K
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 45% 1-year accuracy 13 / 29 met price target | 11%upside $3.25 | Market Perform Upgraded | 10 Dec 2024 |
UBS Douglas Harter 63% 1-year accuracy 17 / 27 met price target | 37%upside $4 | Buy Maintained | 15 Nov 2024 |
Financial journalist opinion
