Granite Point Mortgage Trust (GPMT) Set to Release Quarterly Earnings on Wednesday

Granite Point Mortgage Trust (NYSE:GPMT) is projected to issue its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect the company to announce earnings of ($3.9399) per share and revenue of $5.90 million for the quarter. Parties may visit the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, November 5, 2026 at 11:00 AM ET.

Granite Point Mortgage Trust (NYSE:GPMT) last announced its earnings results on Wednesday, August 5th. The company reported ($7.90) earnings per share for the quarter, missing the consensus estimate of ($3.90) by ($4.00). The business had revenue of $8.27 million for the quarter, compared to the consensus estimate of $7.85 million. Granite Point Mortgage Trust had a negative net margin of 73.75% and a negative return on equity of 10.25%. On average, analysts expect Granite Point Mortgage Trust to post ($15.30) EPS for the current fiscal year and ($11.20) EPS for the next fiscal year.

Granite Point Mortgage Trust Stock Up 0.7%

GPMT opened at $4.30 on Monday. The firm has a market capitalization of $20.73 million, a P/E ratio of -0.21 and a beta of 1.64. The stock’s 50 day moving average price is $7.94 and its two-hundred day moving average price is $13.79. Granite Point Mortgage Trust has a 12-month low of $4.18 and a 12-month high of $28.50.

Granite Point Mortgage Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.9%. This is a decrease from Granite Point Mortgage Trust’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, October 1st. Granite Point Mortgage Trust’s payout ratio is presently -1.99%.

Wall Street Analysts Forecast Growth

GPMT has been the topic of a number of recent research reports. Zacks Research raised Granite Point Mortgage Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Keefe, Bruyette & Woods cut their price target on Granite Point Mortgage Trust from $15.00 to $12.50 and set a “market perform” rating for the company in a report on Wednesday, August 12th. UBS Group assumed coverage on Granite Point Mortgage Trust in a research report on Thursday, July 16th. They issued a “neutral” rating and a $15.00 price objective for the company. Weiss Ratings lowered Granite Point Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Finally, Compass Point set a $12.50 price objective on Granite Point Mortgage Trust in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $13.33.

About Granite Point Mortgage Trust

Granite Point Mortgage Trust Inc is a real estate investment trust that focuses on commercial real estate finance. The company originates, acquires and manages commercial real estate debt investments, with an emphasis on floating-rate, senior mortgage loans secured by properties in major U.S. markets.

Its investments generally support transitional commercial properties, including office, multifamily, industrial, hotel, retail and mixed-use assets. Granite Point typically provides financing to property owners and investors seeking capital for acquisitions, renovations, repositioning or other business plans intended to enhance a property’s value.

Granite Point was established in 2015 and became a publicly traded company in 2017.