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 offers intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, such as lease-up, renovation, repositioning, and repurposing of the commercial property. It also originates and invests in mezzanine loans, subordinated mortgage interests, and other real estate securities, as well as preferred equity investments, unsecured notes, and other investments that are subordinated or otherwise junior in an issuer's capital structure. The company was founded in 2015 and is headquartered in New York, New York.
Research context
Granite Point Mortgage Trust Inc appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Real Estate
- Industry
- REIT - Mortgage
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5 years, 7 months ago
Granite Point Mortgage Trust Inc is currently in a long term uptrend where the price is trading 32.9% above its 200 day moving average.
From a valuation standpoint, the stock is 35.4% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 6.4.
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.