Granite Point Mortgage Trust (GPMT) Expected to Announce Earnings on Wednesday

Granite Point Mortgage Trust (NYSE:GPMT) will likely be posting its Q3 2026 results after the market closes on Wednesday, November 4th. Analysts expect Granite Point Mortgage Trust to announce earnings of ($3.9399) per share and revenue of $5.90 million for the quarter. Parties can find conference call details on the company’s upcoming Q3 2026 earnings overview page 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 released its earnings results on Wednesday, August 5th. The company reported ($7.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.90) by ($4.00). Granite Point Mortgage Trust had a negative net margin of 73.75% and a negative return on equity of 10.25%. The company had revenue of $8.27 million during the quarter, compared to analysts’ expectations of $7.85 million. 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 3.0%

Granite Point Mortgage Trust stock opened at $4.40 on Tuesday. The firm has a 50 day moving average price of $7.80 and a 200-day moving average price of $13.70. Granite Point Mortgage Trust has a twelve month low of $4.18 and a twelve month high of $28.50. The company has a market capitalization of $21.21 million, a P/E ratio of -0.22 and a beta of 1.64.

Granite Point Mortgage Trust Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen downgraded Granite Point Mortgage Trust to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research raised Granite Point Mortgage Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. 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 target price for the company. Weiss Ratings lowered Granite Point Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Finally, Compass Point set a $12.50 price target on Granite Point Mortgage Trust in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price 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.