Granite Point Mortgage Trust (GPMT) Stock Forecast, Price Target & Predictions


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GPMT Stock Forecast


Granite Point Mortgage Trust stock forecast is as follows: an average price target of $6.25 (represents a 138.55% upside from GPMT’s last price of $2.62) 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 $6.25 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $9.00 to $3.50. This represents a potential 138.55% upside from GPMT's last price of $2.62.

GPMT Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 08, 2024Stephen LawsRaymond James$3.50$2.6034.41%33.59%
Nov 08, 2023Steven DelaneyJMP Securities$9.00$4.5597.80%243.51%
Sep 15, 2022-JMP Securities$12.00$8.9134.68%358.02%
Jul 18, 2022-Raymond James$13.50$9.5341.66%415.27%
Jun 17, 2022-JMP Securities$13.00$8.8846.40%396.18%
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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 33.59% increase from GPMT last price ($2.62).

Granite Point Mortgage Trust Price Target by Period


1M3M12M
# Anlaysts112
Avg Price Target$3.50$3.50$6.25
Last Closing Price$2.62$2.62$2.62
Upside/Downside33.59%33.59%138.55%

In the current month, the average price target of Granite Point Mortgage Trust stock is $3.50, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 33.59% increase as opposed to Granite Point Mortgage Trust's last price of $2.62. This month's average price target is down 0.00% compared to last quarter, and down -44.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Nov 08, 2023Wells FargoOverweightOverweightHold
Dec 15, 2022Keefe, Bruyette & Woods-UnderperformDowngrade
Jul 18, 2022Raymond JamesOutperformOutperformHold
Jun 17, 2022JMP SecuritiesMarket OutperformMarket OutperformHold
Apr 26, 2022JMP SecuritiesBuyBuyHold
Apr 26, 2022Zacks Investment Research-SellDowngrade
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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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$61.50M$66.69M$68.83M$21.54M$17.86M$16.96M-$22.54M$18.64M$20.78M$21.66M$26.46M$26.35M$23.49M$26.49M$28.60M$27.52M$26.07M
Avg Forecast$15.18M$14.84M$14.47M$15.23M$14.09M$13.17M$12.48M$11.21M$12.27M$10.53M$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$25.91M$25.32M$24.68M$25.98M$24.04M$22.47M$21.29M$19.13M$20.93M$17.96M$22.32M$25.93M$33.33M$18.42M$34.88M$36.16M$34.18M$37.78M$23.36M$24.60M$24.52M$24.52M$28.06M$27.43M$29.03M$43.76M$42.04M$3.92M$50.54M$49.74M
Low Forecast$11.15M$10.90M$10.62M$11.18M$10.34M$9.67M$9.16M$8.23M$9.01M$7.73M$9.60M$11.16M$14.34M$14.53M$15.01M$15.56M$14.71M$16.26M$23.36M$21.24M$21.18M$21.18M$24.24M$23.69M$25.07M$37.80M$36.31M$3.38M$43.65M$42.96M
# Analysts1111----121-131111--1111112169989
Surprise %------------3.15%3.97%3.37%1.02%0.89%0.77%-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 0 analysts is $15.20M, with a low forecast of $11.16M, and a high forecast of $25.93M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111----121-131111--1111112169989
EBITDA------------$-17.07M$-24.52M$5.11M$6.36M$30.59M$5.41M-$28.44M$33.90M$44.93M$40.94M$54.35M$51.13M$-656.00K$24.82M$-2.21M$54.03M$53.83M
Avg Forecast$8.56M$8.37M$8.15M$8.58M$7.94M$7.42M$7.03M$6.32M$6.91M$5.93M$7.37M$8.57M$11.01M$9.47M$11.52M$11.95M$11.29M$12.48M$13.17M$21.49M$12.88M$12.88M$14.74M$14.41M$15.25M$-360.80K$24.82M$-2.34M$26.55M$26.13M
High Forecast$14.60M$14.27M$13.91M$14.64M$13.55M$12.66M$12.00M$10.78M$11.80M$10.12M$12.58M$14.62M$18.79M$10.38M$19.66M$20.38M$19.27M$21.30M$13.17M$25.79M$13.82M$13.82M$15.82M$15.46M$16.36M$-288.64K$29.79M$-1.87M$28.49M$28.04M
Low Forecast$6.28M$6.14M$5.99M$6.30M$5.83M$5.45M$5.16M$4.64M$5.08M$4.36M$5.41M$6.29M$8.08M$8.19M$8.46M$8.77M$8.29M$9.16M$13.17M$17.19M$11.94M$11.94M$13.66M$13.35M$14.13M$-432.96K$19.86M$-2.81M$24.61M$24.22M
Surprise %-------------1.55%-2.59%0.44%0.53%2.71%0.43%-1.32%2.63%3.49%2.78%3.77%3.35%1.82%1.00%0.94%2.04%2.06%

3 analysts predict GPMT's average Quarter EBITDA for Sep 23 to be $9.47M, with a high of $10.38M and a low of $8.19M. This is 85.28% upper than Granite Point Mortgage Trust's previous annual EBITDA (Jun 23) of $5.11M.

Granite Point Mortgage Trust Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111----121-131111--1111112169989
Net Income------------$-17.07M$-24.54M$5.04M$-33.83M$-6.23M$-25.50M-$4.64M$7.46M$18.63M$14.27M$27.99M$23.15M$-24.67M$-1.73M$-37.19M$17.68M$17.39M
Avg Forecast$3.94M$3.59M$3.20M$3.98M$-4.30M$-22.76M$-10.73M$-30.17M$-45.47M$-26.06M$-10.64M$917.48K$-5.79M$6.62M$7.34M$834.08K$-4.42M$22.54M$11.33M$758.25K$7.46M$20.49M$18.16M$17.99M$13.98M$-13.57M$-1.73M$-39.38M$18.88M$19.22M
High Forecast$7.55M$6.88M$6.15M$7.64M$-2.81M$-14.90M$-7.02M$-19.75M$-29.76M$-17.06M$-6.96M$1.10M$-3.79M$9.17M$14.07M$1.00M$-2.89M$27.05M$11.33M$909.90K$8.96M$24.59M$21.79M$21.59M$15.31M$-10.85M$-1.39M$-31.50M$20.67M$23.07M
Low Forecast$2.58M$2.35M$2.10M$2.61M$-8.24M$-43.66M$-20.58M$-57.87M$-87.22M$-49.99M$-20.40M$733.99K$-11.10M$4.58M$4.80M$667.26K$-8.48M$18.03M$11.33M$606.60K$5.97M$16.39M$14.53M$14.40M$12.65M$-16.28M$-2.08M$-47.25M$17.09M$15.38M
Surprise %------------2.95%-3.71%0.69%-40.56%1.41%-1.13%-6.11%1.00%0.91%0.79%1.56%1.66%1.82%1.00%0.94%0.94%0.90%

Granite Point Mortgage Trust's average Quarter net income forecast for Sep 23 is $6.62M, with a range of $4.58M to $9.17M. GPMT's average Quarter net income forecast represents a 31.37% increase compared to the company's last Quarter net income of $5.04M (Jun 23).

Granite Point Mortgage Trust SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111----121-131111--1111112169989
SG&A------------$17.16M--$5.91M$3.69M$4.95M-$5.82M$5.35M$5.63M$5.02M$5.46M$1.68M$4.26M$4.23M$5.61M$-9.59M$8.68M
Avg Forecast$3.27M$3.19M$3.11M$3.28M$3.03M$2.83M$2.68M$2.41M$2.64M$2.27M$2.81M$3.27M$4.20M$3.62M$4.40M$4.56M$4.31M$6.82M$5.03M$4.93M$5.35M$6.20M$6.39M$3.51M$5.82M$2.34M$4.23M$785.55K$10.13M$9.59M
High Forecast$5.57M$5.45M$5.31M$5.59M$5.17M$4.83M$4.58M$4.12M$4.50M$3.87M$4.80M$5.58M$7.17M$3.96M$7.51M$7.78M$7.36M$8.18M$5.03M$5.29M$6.42M$7.44M$7.66M$4.21M$6.25M$2.81M$5.08M$842.99K$10.88M$11.51M
Low Forecast$2.40M$2.34M$2.29M$2.41M$2.23M$2.08M$1.97M$1.77M$1.94M$1.66M$2.07M$2.40M$3.09M$3.13M$3.23M$3.35M$3.17M$5.45M$5.03M$4.57M$4.28M$4.96M$5.11M$2.81M$5.40M$1.87M$3.39M$728.11K$9.39M$7.67M
Surprise %------------4.08%--1.30%0.86%0.73%-1.18%1.00%0.91%0.79%1.56%0.29%1.82%1.00%7.15%-0.95%0.90%

Granite Point Mortgage Trust's average Quarter SG&A projection for Mar 24 is $3.27M, based on 0 Wall Street analysts, with a range of $2.40M to $5.58M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts1111----121-131111--1111112169989
EPS------------$-0.33$-0.48$0.10$-0.65$-0.12$-0.49-$0.02$0.14$0.34$0.26$0.51$0.42$-0.45$-0.03$-0.68$0.32$0.32
Avg Forecast$0.08$0.07$0.06$0.08$-0.08$-0.45$-0.21$-0.59$-0.89$-0.51$-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$0.15$0.14$0.12$0.15$-0.06$-0.29$-0.14$-0.39$-0.58$-0.33$-0.14$0.05$-0.07$0.18$0.28$0.30$-0.06$0.41$0.22$0.04$0.26$0.11$0.35$0.31$0.30$0.19$0.28$0.38$0.40$0.42
Low Forecast$0.05$0.05$0.04$0.05$-0.16$-0.86$-0.40$-1.14$-1.71$-0.98$-0.40$0.02$-0.22$0.09$0.09$0.10$-0.17$0.14$0.22$0.03$0.21$0.09$0.29$0.25$0.25$0.16$0.23$0.32$0.33$0.34
Surprise %------------2.91%-3.69%0.68%-4.16%1.38%-2.27%-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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NYMTNew York Mortgage Trust$6.38$21.25233.07%Hold
GPMTGranite Point Mortgage Trust$2.62$6.25138.55%Buy
AOMRAngel Oak Mortgage$10.93$13.5023.51%Buy
MFAMFA Financial$12.26$14.8320.96%Buy
PMTPennyMac Mortgage Investment Trust$13.79$16.5019.65%Hold
EARNEllington Residential Mortgage REIT$6.81$8.0017.47%Buy
TWOTwo Harbors Investment$13.77$15.6313.51%Buy
RCReady Capital$7.93$9.0013.49%Buy
IVRInvesco Mortgage Capital$8.72$6.25-28.33%Buy
ARRARMOUR Residential REIT$20.42$11.50-43.68%Hold
CIMChimera Investment$15.44$7.25-53.04%Hold

GPMT Forecast FAQ


Yes, according to 4 Wall Street analysts, Granite Point Mortgage Trust (GPMT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 75.00% of GPMT's total ratings.

Granite Point Mortgage Trust (GPMT) average price target is $6.25 with a range of $3.5 to $9, implying a 138.55% from its last price of $2.62. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for GPMT stock, the company can go up by 138.55% (from the last price of $2.62 to the average price target of $6.25), up by 243.51% based on the highest stock price target, and up by 33.59% based on the lowest stock price target.

GPMT's average twelve months analyst stock price target of $6.25 supports the claim that Granite Point Mortgage Trust can reach $4 in the near future.

1 Wall Street analyst forecast a $3.5 price target for Granite Point Mortgage Trust (GPMT) this month, up 33.59% from its last price of $2.62. Compared to the last 3 and 12 months, the average price target increased by 33.59% and increased by 138.55%, respectively.

Granite Point Mortgage Trust's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $50.94M (high $86.93M, low $37.4M), average EBITDA is $28.72M (high $49M, low $21.08M), average net income is $-67.958M (high $-44.478M, low $-130M), average SG&A $10.96M (high $18.71M, low $8.05M), and average EPS is $-1.334 (high $-0.873, low $-2.559). GPMT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $59.72M (high $101.89M, low $43.84M), average EBITDA is $33.66M (high $57.43M, low $24.71M), average net income is $14.72M (high $28.23M, low $9.63M), average SG&A $12.85M (high $21.93M, low $9.44M), and average EPS is $0.289 (high $0.554, low $0.189).

Based on Granite Point Mortgage Trust's last annual report (Dec 2023), the company's revenue was $266.49M, beating the average analysts forecast of $77.97M by 241.79%. Apple's EBITDA was $-77.554M, missing the average prediction of $43.95M by -276.46%. The company's net income was $-63.198M, missing the average estimation of $9.01M by -801.79%. Apple's SG&A was $0, missing the average forecast of $16.78M by -100.00%. Lastly, the company's EPS was $-1.22, missing the average prediction of $0.317 by -485.44%. In terms of the last quarterly report (Dec 2023), Granite Point Mortgage Trust's revenue was $61.5M, beating the average analysts' forecast of $19.53M by 214.87%. The company's EBITDA was $-17.073M, missing the average prediction of $11.01M by -255.07%. Granite Point Mortgage Trust's net income was $-17.074M, beating the average estimation of $-5.786M by 195.08%. The company's SG&A was $17.16M, beating the average forecast of $4.2M by 308.36%. Lastly, the company's EPS was $-0.33, beating the average prediction of $-0.114 by 190.52%