Critical Survey: Granite Point Mortgage Trust (GPMT) vs. Its Peers

Granite Point Mortgage Trust (NYSE: GPMT) is one of 32 public companies in the “Mortgage REITs” industry, but how does it compare to its competitors? We will compare Granite Point Mortgage Trust to similar companies based on the strength of its risk, profitability, institutional ownership, earnings, valuation, dividends and analyst recommendations.

Analyst Recommendations

This is a breakdown of recent recommendations for Granite Point Mortgage Trust and its competitors, as reported by MarketBeat.

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 121 872 900 35 2.44

Granite Point Mortgage Trust presently has a consensus target price of $19.50, indicating a potential upside of 9.92%. As a group, “Mortgage REITs” companies have a potential upside of 6.88%. Given Granite Point Mortgage Trust’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Granite Point Mortgage Trust is more favorable than its competitors.

Dividends

Granite Point Mortgage Trust pays an annual dividend of $0.70 per share and has a dividend yield of 3.9%. As a group, “Mortgage REITs” companies pay a dividend yield of 10.1% and pay out 92.1% of their earnings in the form of a dividend.

Institutional and Insider Ownership

13.5% of Granite Point Mortgage Trust shares are held by institutional investors. Comparatively, 56.9% of shares of all “Mortgage REITs” companies are held by institutional investors. 3.4% of shares of all “Mortgage REITs” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Granite Point Mortgage Trust and its competitors revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Granite Point Mortgage Trust N/A N/A N/A
Granite Point Mortgage Trust Competitors $371.19 million $190.39 million 1.32

Granite Point Mortgage Trust’s competitors have higher revenue and earnings than Granite Point Mortgage Trust.

Profitability

This table compares Granite Point Mortgage Trust and its competitors’ 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%

Summary

Granite Point Mortgage Trust competitors beat Granite Point Mortgage Trust on 8 of the 12 factors compared.

About Granite Point Mortgage Trust

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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