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1 Comment
Granite Point Mortgage Trust Inc is currently in a long term uptrend where the price is trading 28.4% above its 200 day moving average.
From a valuation standpoint, the stock is 4.0% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 6.2.
Granite Point Mortgage Trust Inc's total revenue sank by 4.3% to $26M since the same quarter in the previous year.
Its net income has increased by 31.0% to $23M since the same quarter in the previous year.
Finally, its free cash flow fell by 250.2% to $-16M since the same quarter in the previous year.
Based on the above factors, Granite Point Mortgage Trust Inc gets an overall score of 3/5.
| CurrencyCode | EUR |
|---|---|
| ISIN | US38741L1070 |
| Sector | Real Estate |
| Industry | REIT - Mortgage |
| Exchange | F |
| Target Price | 15 |
|---|---|
| Dividend Yield | 11.% |
| PE Ratio | None |
| Market Cap | 99M |
| Beta | 1.5 |
Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.
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