Granite Point Mortgage Trust (GPMT) Stock Forecast, Price Target & Predictions
GPMT Stock Forecast
Granite Point Mortgage Trust stock forecast is as follows: an average price target of $3.50 (represents a 19.45% upside from GPMT’s last price of $2.93) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
GPMT Price Target
The average price target for Granite Point Mortgage Trust (GPMT) is $3.50 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $3.50 to $3.50. This represents a potential 19.45% upside from GPMT's last price of $2.93.
GPMT Analyst Ratings
According to 4 Wall Street analysts, Granite Point Mortgage Trust's rating consensus is 'Buy'. The analyst rating breakdown for GPMT stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 0 'Hold' (0.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).
Granite Point Mortgage Trust Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 08, 2024 | Stephen Laws | Raymond James | $3.50 | $2.60 | 34.41% | 19.45% |
| Nov 08, 2023 | Steven Delaney | JMP Securities | $9.00 | $4.55 | 97.80% | 207.17% |
| Sep 15, 2022 | JMP Securities | $12.00 | $8.91 | 34.68% | 309.56% | |
| Jul 18, 2022 | Raymond James | $13.50 | $9.53 | 41.66% | 360.75% | |
| Jun 17, 2022 | JMP Securities | $13.00 | $8.88 | 46.40% | 343.69% |
The latest Granite Point Mortgage Trust stock forecast, released on Aug 08, 2024 by Stephen Laws from Raymond James, set a price target of $3.50, which represents a 34.41% increase from the stock price at the time of the forecast ($2.60), and a 19.45% increase from GPMT last price ($2.93).
Granite Point Mortgage Trust Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $3.50 |
| Last Closing Price | $2.93 | $2.93 | $2.93 |
| Upside/Downside | -100.00% | -100.00% | 19.45% |
In the current month, the average price target of Granite Point Mortgage Trust stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Granite Point Mortgage Trust's last price of $2.93. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 08, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Dec 15, 2022 | Keefe, Bruyette & Woods | Underperform | Downgrade | |
| Jul 18, 2022 | Raymond James | Outperform | Outperform | Hold |
| Jun 17, 2022 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Apr 26, 2022 | JMP Securities | Buy | Buy | Hold |
| Apr 26, 2022 | Zacks Investment Research | Sell | Downgrade |
Granite Point Mortgage Trust's last stock rating was published by Wells Fargo on Nov 08, 2023. The company gave GPMT a "Overweight" rating, the same as its previous rate.
Granite Point Mortgage Trust Financial Forecast
Granite Point Mortgage Trust Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $61.50M | $66.69M | $68.83M | $21.54M | $17.86M | $16.96M | $20.90M | $22.54M | $18.64M | $20.78M | $21.66M | $26.46M | $26.35M | $23.49M | $26.49M | $28.60M | $27.52M | $26.07M |
| Avg Forecast | $14.60M | $14.17M | $14.18M | $13.49M | $11.59M | $10.63M | $9.97M | $8.63M | $10.55M | $10.60M | $13.08M | $15.20M | $19.53M | $16.80M | $20.44M | $21.19M | $20.03M | $22.14M | $23.36M | $22.92M | $22.85M | $22.85M | $26.15M | $25.56M | $27.05M | $40.78M | $39.17M | $3.65M | $47.10M | $46.35M |
| High Forecast | $18.05M | $17.52M | $17.53M | $16.67M | $14.33M | $13.14M | $12.33M | $10.66M | $13.04M | $13.10M | $13.08M | $15.20M | $24.14M | $18.42M | $25.27M | $26.20M | $24.76M | $22.14M | $23.36M | $22.92M | $22.85M | $22.85M | $26.15M | $25.56M | $27.05M | $40.78M | $39.17M | $3.65M | $47.10M | $46.35M |
| Low Forecast | $12.69M | $12.31M | $12.32M | $11.72M | $10.07M | $9.24M | $8.66M | $7.50M | $9.16M | $9.21M | $13.08M | $15.20M | $16.97M | $14.53M | $17.76M | $18.41M | $17.40M | $22.14M | $23.36M | $22.92M | $22.85M | $22.85M | $26.15M | $25.56M | $27.05M | $40.78M | $39.17M | $3.65M | $47.10M | $46.35M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 3.15% | 3.97% | 3.37% | 1.02% | 0.89% | 0.77% | 0.89% | 0.98% | 0.82% | 0.91% | 0.83% | 1.04% | 0.97% | 0.58% | 0.68% | 7.83% | 0.58% | 0.56% |
Granite Point Mortgage Trust's average Quarter revenue forecast for Mar 24 based on 1 analysts is $15.20M, with a low forecast of $15.20M, and a high forecast of $15.20M. GPMT's average Quarter revenue forecast represents a -75.29% decrease compared to the company's last Quarter revenue of $61.50M (Dec 23).
Granite Point Mortgage Trust EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-17.07M | $-24.52M | $5.11M | $6.36M | $30.59M | $5.41M | $13.63M | $28.44M | $33.90M | $44.93M | $40.94M | $54.35M | $51.13M | $-656.00K | $24.82M | $-2.21M | $54.03M | $53.83M |
| Avg Forecast | $3.82M | $3.71M | $3.71M | $3.53M | $3.03M | $2.78M | $2.61M | $2.26M | $2.76M | $2.77M | $3.42M | $3.98M | $5.11M | $4.40M | $5.35M | $5.55M | $5.24M | $12.48M | $13.17M | $21.49M | $12.88M | $12.88M | $14.74M | $14.41M | $15.25M | $22.99M | $22.08M | $-2.34M | $26.55M | $26.13M |
| High Forecast | $4.72M | $4.58M | $4.59M | $4.36M | $3.75M | $3.44M | $3.23M | $2.79M | $3.41M | $3.43M | $3.42M | $3.98M | $6.32M | $4.82M | $6.61M | $6.85M | $6.48M | $12.48M | $13.17M | $25.79M | $12.88M | $12.88M | $14.74M | $14.41M | $15.25M | $22.99M | $22.08M | $-1.87M | $26.55M | $26.13M |
| Low Forecast | $3.32M | $3.22M | $3.22M | $3.07M | $2.63M | $2.42M | $2.27M | $1.96M | $2.40M | $2.41M | $3.42M | $3.98M | $4.44M | $3.80M | $4.65M | $4.82M | $4.55M | $12.48M | $13.17M | $17.19M | $12.88M | $12.88M | $14.74M | $14.41M | $15.25M | $22.99M | $22.08M | $-2.81M | $26.55M | $26.13M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -3.34% | -5.58% | 0.96% | 1.15% | 5.84% | 0.43% | 1.03% | 1.32% | 2.63% | 3.49% | 2.78% | 3.77% | 3.35% | -0.03% | 1.12% | 0.94% | 2.04% | 2.06% |
3 analysts predict GPMT's average Quarter EBITDA for Sep 23 to be $4.40M, with a high of $4.82M and a low of $3.80M. This is -14.00% lower than Granite Point Mortgage Trust's previous annual EBITDA (Jun 23) of $5.11M.
Granite Point Mortgage Trust Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-17.07M | $-24.54M | $5.04M | $-33.83M | $-6.23M | $-25.50M | $-13.73M | $4.64M | $7.46M | $18.63M | $14.27M | $27.99M | $23.15M | $-24.67M | $-1.73M | $-37.19M | $17.68M | $17.39M |
| Avg Forecast | $5.08M | $4.62M | $-714.34K | $-12.14M | $-15.19M | $-25.56M | $-21.71M | $-32.16M | $-47.89M | $-41.61M | $-10.55M | $917.48K | $-5.74M | $6.57M | $7.28M | $834.08K | $8.21M | $11.01M | $11.37M | $758.25K | $11.96M | $5.31M | $16.31M | $17.99M | $13.92M | $9.06M | $13.01M | $-39.38M | $18.80M | $19.33M |
| High Forecast | $6.64M | $6.04M | $-592.54K | $-10.07M | $-12.60M | $-21.20M | $-18.01M | $-26.67M | $-39.72M | $-34.52M | $-8.75M | $1.10M | $-4.76M | $9.09M | $9.51M | $1.00M | $9.85M | $11.01M | $11.37M | $909.90K | $11.96M | $5.31M | $16.31M | $21.59M | $13.92M | $9.06M | $13.01M | $-31.50M | $18.80M | $19.33M |
| Low Forecast | $4.22M | $3.83M | $-933.56K | $-15.87M | $-19.85M | $-33.41M | $-28.38M | $-42.02M | $-62.58M | $-54.38M | $-13.79M | $733.99K | $-7.50M | $4.55M | $6.04M | $667.26K | $6.57M | $11.01M | $11.37M | $606.60K | $11.96M | $5.31M | $16.31M | $14.40M | $13.92M | $9.06M | $13.01M | $-47.25M | $18.80M | $19.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.97% | -3.74% | 0.69% | -40.56% | -0.76% | -2.32% | -1.21% | 6.11% | 0.62% | 3.51% | 0.87% | 1.56% | 1.66% | -2.72% | -0.13% | 0.94% | 0.94% | 0.90% |
Granite Point Mortgage Trust's average Quarter net income forecast for Sep 23 is $6.57M, with a range of $4.55M to $9.09M. GPMT's average Quarter net income forecast represents a 30.30% increase compared to the company's last Quarter net income of $5.04M (Jun 23).
Granite Point Mortgage Trust SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $17.16M | - | - | $5.91M | $3.69M | $4.95M | $5.77M | $5.82M | $5.35M | $5.63M | $5.02M | $5.46M | $1.68M | $4.26M | $4.23M | $5.61M | $-9.59M | $8.68M |
| Avg Forecast | $3.14M | $3.05M | $3.05M | $2.90M | $2.49M | $2.29M | $2.15M | $1.86M | $2.27M | $2.28M | $2.81M | $3.27M | $4.20M | $3.62M | $4.40M | $4.56M | $5.89M | $4.77M | $5.03M | $4.93M | $4.92M | $4.92M | $5.63M | $3.51M | $5.82M | $8.78M | $8.43M | $785.55K | $10.13M | $9.97M |
| High Forecast | $3.88M | $3.77M | $3.77M | $3.59M | $3.08M | $2.83M | $2.65M | $2.29M | $2.81M | $2.82M | $2.81M | $3.27M | $5.20M | $3.96M | $5.44M | $5.64M | $7.07M | $4.77M | $5.03M | $4.93M | $4.92M | $4.92M | $5.63M | $4.21M | $5.82M | $8.78M | $8.43M | $785.55K | $10.13M | $9.97M |
| Low Forecast | $2.73M | $2.65M | $2.65M | $2.52M | $2.17M | $1.99M | $1.86M | $1.61M | $1.97M | $1.98M | $2.81M | $3.27M | $3.65M | $3.13M | $3.82M | $3.96M | $4.71M | $4.77M | $5.03M | $4.93M | $4.92M | $4.92M | $5.63M | $2.81M | $5.82M | $8.78M | $8.43M | $785.55K | $10.13M | $9.97M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 4.08% | - | - | 1.30% | 0.63% | 1.04% | 1.15% | 1.18% | 1.09% | 1.15% | 0.89% | 1.56% | 0.29% | 0.49% | 0.50% | 7.15% | -0.95% | 0.87% |
Granite Point Mortgage Trust's average Quarter SG&A projection for Mar 24 is $3.27M, based on 1 Wall Street analysts, with a range of $3.27M to $3.27M. The forecast indicates a -80.95% fall compared to GPMT last annual SG&A of $17.16M (Dec 23).
Granite Point Mortgage Trust EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.33 | $-0.48 | $0.10 | $-0.65 | $-0.12 | $-0.49 | $-0.26 | $0.02 | $0.14 | $0.34 | $0.26 | $0.51 | $0.42 | $-0.45 | $-0.03 | $-0.68 | $0.32 | $0.32 |
| Avg Forecast | $0.10 | $0.09 | $-0.01 | $-0.24 | $-0.30 | $-0.51 | $-0.43 | $-0.64 | $-0.95 | $-0.82 | $-0.21 | $0.03 | $-0.11 | $0.13 | $0.14 | $0.16 | $-0.09 | $0.22 | $0.22 | $0.03 | $0.23 | $0.10 | $0.32 | $0.28 | $0.27 | $0.18 | $0.26 | $0.35 | $0.37 | $0.38 |
| High Forecast | $0.13 | $0.12 | $-0.01 | $-0.20 | $-0.25 | $-0.42 | $-0.36 | $-0.53 | $-0.79 | $-0.68 | $-0.17 | $0.03 | $-0.09 | $0.18 | $0.19 | $0.20 | $-0.07 | $0.22 | $0.22 | $0.03 | $0.23 | $0.10 | $0.32 | $0.28 | $0.27 | $0.18 | $0.26 | $0.35 | $0.37 | $0.38 |
| Low Forecast | $0.08 | $0.08 | $-0.02 | $-0.31 | $-0.39 | $-0.66 | $-0.56 | $-0.83 | $-1.24 | $-1.08 | $-0.27 | $0.03 | $-0.15 | $0.09 | $0.12 | $0.13 | $-0.11 | $0.22 | $0.22 | $0.03 | $0.23 | $0.10 | $0.32 | $0.28 | $0.27 | $0.18 | $0.26 | $0.35 | $0.37 | $0.38 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 2.91% | -3.69% | 0.68% | -4.16% | 1.38% | -2.27% | -1.16% | 0.62% | 0.60% | 3.26% | 0.81% | 1.82% | 1.54% | -2.53% | -0.12% | -1.94% | 0.87% | 0.84% |
According to 3 Wall Street analysts, Granite Point Mortgage Trust's projected average Quarter EPS for Sep 23 is $0.13, with a low estimate of $0.09 and a high estimate of $0.18. This represents a 32.92% increase compared to GPMT previous annual EPS of $0.10 (Jun 23).
Granite Point Mortgage Trust Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| NYMT | New York Mortgage Trust | $6.37 | $12.25 | 92.31% | Hold |
| AOMR | Angel Oak Mortgage | $9.28 | $13.50 | 45.47% | Buy |
| MFA | MFA Financial | $10.73 | $14.25 | 32.81% | Buy |
| TWO | Two Harbors Investment | $11.81 | $15.00 | 27.01% | Buy |
| EARN | Ellington Residential Mortgage REIT | $6.56 | $8.00 | 21.95% | Buy |
| RC | Ready Capital | $7.49 | $8.50 | 13.48% | Hold |
| GPMT | Granite Point Mortgage Trust | $3.21 | $3.50 | 9.03% | Buy |
| PMT | PennyMac Mortgage Investment Trust | $13.43 | $14.50 | 7.97% | Hold |
| IVR | Invesco Mortgage Capital | $8.49 | $8.00 | -5.77% | Hold |
| ARR | ARMOUR Residential REIT | $19.03 | $11.50 | -39.57% | Hold |
| CIM | Chimera Investment | $14.86 | $7.25 | -51.21% | Hold |