Granite Point Mortgage Trust (NYSE:GPMT) Posts Quarterly Earnings Results, Misses Estimates By $0.40 EPS

Posted by Brenda Bartman on Aug 6th, 2026

Granite Point Mortgage Trust (NYSE:GPMT – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.40), FiscalAI reports. The firm had revenue of $8.27 million during the quarter, compared to the consensus estimate of $7.85 million. Granite Point Mortgage Trust had a negative net margin of 29.82% and a negative return on equity of 11.31%.

Granite Point Mortgage Trust Price Performance

Shares of Granite Point Mortgage Trust stock opened at $1.51 on Thursday. The firm has a market cap of $72.41 million, a price-to-earnings ratio of -1.41 and a beta of 1.61. The stock’s 50-day moving average is $1.42 and its 200-day moving average is $1.59. Granite Point Mortgage Trust has a one year low of $1.24 and a one year high of $3.12.

Granite Point Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date was Wednesday, July 1st. Granite Point Mortgage Trust’s payout ratio is -18.69%.

Analysts Set New Price Targets

GPMT has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Granite Point Mortgage Trust in a report on Friday, July 17th. UBS Group started coverage on Granite Point Mortgage Trust in a research report on Thursday, July 16th. They issued a “neutral” rating and a $1.50 price objective for the company. Wall Street Zen cut Granite Point Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Finally, Compass Point set a $1.50 target price on shares of Granite Point Mortgage Trust in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $1.83.

Check Out Our Latest Analysis on Granite Point Mortgage Trust

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. OMERS ADMINISTRATION Corp bought a new stake in Granite Point Mortgage Trust in the 4th quarter valued at approximately $85,000. Barclays PLC grew its stake in shares of Granite Point Mortgage Trust by 112.3% during the 4th quarter. Barclays PLC now owns 95,931 shares of the company’s stock worth $230,000 after acquiring an additional 50,747 shares in the last quarter. Eagle Point Credit Management LLC bought a new position in shares of Granite Point Mortgage Trust during the 4th quarter worth approximately $194,000. Bank of America Corp DE raised its holdings in shares of Granite Point Mortgage Trust by 32.1% in the third quarter. Bank of America Corp DE now owns 66,148 shares of the company’s stock valued at $198,000 after purchasing an additional 16,089 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Granite Point Mortgage Trust by 435.4% in the second quarter. Tower Research Capital LLC TRC now owns 26,989 shares of the company’s stock worth $67,000 after purchasing an additional 21,948 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors.

Granite Point Mortgage Trust Company Profile

(Get Free Report)

Granite Point Mortgage Trust, Inc is a specialty finance company that invests directly in commercial real estate debt. The company focuses on originating, acquiring and managing senior preferred and mezzanine loans secured by income-producing real estate across diverse property types, including multifamily, office, industrial and retail assets. Granite Point Mortgage Trust operates as a real estate investment trust (REIT), providing investors with exposure to floating-rate commercial mortgage loan investments.

Granite Point’s investment strategy centers on structuring loans to deliver attractive risk-adjusted returns, with portfolio allocations spanning senior loans, B-notes and mezzanine financings.