granite point mortgage trust inc. is a maryland corporation that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. we are a long-term, fundamental value-oriented investor. we construct our investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification, and assess each investment from a fundamental value perspective relative to other opportunities available in the market. our primary target investments are directly originated floating-rate performing senior commercial real estate loans, typically with terms of three to five years, usually ranging in size from $25 million to $150 million. we typically provide intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans, including lease-up, renovation,
Company profile
Ticker
GPMT, GPMT+A
Exchange
Website
CEO
John Taylor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
GP Commercial CB LLC • GP Commercial CB SL Sub LLC • GP Commercial CCFG Holdings LLC • GP Commercial CCFG LLC • GP Commercial CIBC LLC • GP Commercial FCC Holdings LLC • GP Commercial FCC LLC • GP Commercial GS Holdings LLC • GP Commercial GS LLC • GP Commercial Holdings LLC ...
GPMT stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
1 Mar 24
8-K
Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
14 Feb 24
8-K
Investor Presentation January 2024
3 Jan 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Granite Point Mortgage Trust Inc. Reports Third Quarter 2023 Financial Results
7 Nov 23
8-K
Entry into a Material Definitive Agreement
17 Oct 23
8-K
Investor Presentation September 2023
8 Sep 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Granite Point Mortgage Trust Inc. Reports Second Quarter 2023 Financial Results
8 Aug 23
8-K
Entry into a Material Definitive Agreement
4 Aug 23
Transcripts
GPMT
Earnings call transcript
2023 Q4
15 Feb 24
GPMT
Earnings call transcript
2023 Q3
8 Nov 23
GPMT
Earnings call transcript
2023 Q2
9 Aug 23
GPMT
Earnings call transcript
2023 Q1
10 May 23
GPMT
Earnings call transcript
2022 Q4
24 Feb 23
GPMT
Earnings call transcript
2022 Q3
9 Nov 22
GPMT
Earnings call transcript
2022 Q2
9 Aug 22
GPMT
Earnings call transcript
2022 Q1
12 May 22
GPMT
Earnings call transcript
2021 Q4
25 Feb 22
GPMT
Earnings call transcript
2021 Q3
9 Nov 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 283.55 mm | 283.55 mm | 283.55 mm | 283.55 mm | 283.55 mm | 283.55 mm |
Cash burn (monthly) | (no burn) | (no burn) | 6.97 mm | 4.65 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 46.48 mm | 31.02 mm | n/a | n/a |
Cash remaining | n/a | n/a | 237.07 mm | 252.53 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 34.0 | 54.3 | n/a | n/a |
Institutional ownership, Q3 2023
49.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 129 |
Opened positions | 128 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 121.71 bn |
Total shares | 25.18 mm |
Total puts | 111.60 k |
Total calls | 27.40 k |
Total put/call ratio | 4.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 4.56 mm | $22.27 bn |
Vanguard | 2.79 mm | $13.62 bn |
Millennium Management | 1.47 mm | $7.18 bn |
Geode Capital Management | 1.06 mm | $5.18 bn |
Hotchkis & Wiley Capital Management | 1.03 mm | $5.04 bn |
STT State Street | 1.03 mm | $5.21 bn |
Acadian Asset Management | 972.80 k | $4.73 bn |
Charles Schwab Investment Management | 841.79 k | $4.11 bn |
MS Morgan Stanley | 823.66 k | $4.02 bn |
PRU Prudential Financial | 814.87 k | $3.98 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Taylor John A | Common Stock | Payment of exercise | Dispose F | No | No | 4.79 | 39,392 | 188.69 k | 342,597.587 |
15 Mar 24 | Taylor John A | Common Stock | Option exercise | Acquire M | No | No | 0 | 74,404 | 0.00 | 381,989.587 |
15 Mar 24 | Taylor John A | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 74,404 | 0.00 | 148,810 |
15 Mar 24 | Peter M. Morral | Common Stock | Payment of exercise | Dispose F | No | No | 4.79 | 20,257 | 97.03 k | 99,498 |
15 Mar 24 | Peter M. Morral | Common Stock | Option exercise | Acquire M | No | No | 0 | 39,682 | 0.00 | 119,755 |
15 Mar 24 | Peter M. Morral | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 39,682 | 0.00 | 79,365 |
15 Mar 24 | Alpart Stephen | Common Stock | Payment of exercise | Dispose F | No | No | 4.79 | 20,257 | 97.03 k | 171,513 |
15 Mar 24 | Alpart Stephen | Common Stock | Option exercise | Acquire M | No | No | 0 | 39,682 | 0.00 | 191,770 |
15 Mar 24 | Alpart Stephen | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 39,682 | 0.00 | 79,365 |
15 Mar 24 | Steven Plust | Common Stock | Payment of exercise | Dispose F | No | No | 4.79 | 16,245 | 77.81 k | 225,259 |
News
Keefe, Bruyette & Woods Maintains Underperform on Granite Point Mortgage, Lowers Price Target to $4.75
10 Apr 24
JMP Securities Downgrades Granite Point Mortgage to Market Perform
20 Feb 24
Raymond James Maintains Outperform on Granite Point Mortgage, Lowers Price Target to $6.5
16 Feb 24
Granite Point Mortgage Q4 2023 Adj EPS $0.14 Beats $(0.29) Estimate, Sales $17.33M Miss $19.65M Estimate
14 Feb 24
Earnings Scheduled For February 14, 2024
14 Feb 24
Press releases
Granite Point Mortgage Trust Inc. Announces First Quarter 2024 Common and Preferred Stock Dividends
14 Mar 24
Granite Point Mortgage Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Post Quarter-End Update
14 Feb 24
Granite Point Mortgage Trust Inc. Announces Dates for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
2 Feb 24
Granite Point Mortgage Trust Inc. Announces 2023 Dividend Tax Information
31 Jan 24