Granite Point Mortgage Trust (NYSE: GPMT) is one of 32 publicly-traded companies in the “Mortgage REITs” industry, but how does it compare to its rivals? We will compare Granite Point Mortgage Trust to related businesses based on the strength of its earnings, risk, analyst recommendations, valuation, institutional ownership, dividends and profitability.
Insider & Institutional Ownership
13.5% of Granite Point Mortgage Trust shares are held by institutional investors. Comparatively, 57.0% of shares of all “Mortgage REITs” companies are held by institutional investors. 3.6% of shares of all “Mortgage REITs” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Granite Point Mortgage Trust pays an annual dividend of $0.32 per share and has a dividend yield of 1.8%. Granite Point Mortgage Trust pays out 35.2% of its earnings in the form of a dividend. As a group, “Mortgage REITs” companies pay a dividend yield of 9.6% and pay out 89.8% of their earnings in the form of a dividend.
Valuation and Earnings
This table compares Granite Point Mortgage Trust and its rivals gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Granite Point Mortgage Trust||N/A||N/A||19.92|
|Granite Point Mortgage Trust Competitors||$371.19 million||$190.39 million||2.05|
Granite Point Mortgage Trust’s rivals have higher revenue and earnings than Granite Point Mortgage Trust. Granite Point Mortgage Trust is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
This is a summary of current ratings and target prices for Granite Point Mortgage Trust and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Granite Point Mortgage Trust||0||1||4||0||2.80|
|Granite Point Mortgage Trust Competitors||120||869||899||35||2.44|
Granite Point Mortgage Trust currently has a consensus price target of $19.50, indicating a potential upside of 7.56%. As a group, “Mortgage REITs” companies have a potential upside of 5.18%. Given Granite Point Mortgage Trust’s stronger consensus rating and higher probable upside, research analysts plainly believe Granite Point Mortgage Trust is more favorable than its rivals.
This table compares Granite Point Mortgage Trust and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Granite Point Mortgage Trust||N/A||N/A||N/A|
|Granite Point Mortgage Trust Competitors||55.57%||9.79%||1.94%|
Granite Point Mortgage Trust rivals beat Granite Point Mortgage Trust on 8 of the 13 factors compared.
Granite Point Mortgage Trust Company Profile
Granite Point Mortgage Trust Inc. is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor. The Company constructs its own investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity and diversification available in the market. The Company provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing and a range of business plans including lease-up, renovation, repositioning and repurposing of the property. It generally targets the top 25-50, metropolitan statistical areas (MSA) in the United States.
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