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

Granite Point Mortgage Trust (NYSE:GPMT) is projected to post its Q2 2026 results after the market closes on Wednesday, August 5th. Analysts expect the company to announce earnings of ($0.39) per share and revenue of $7.85 million for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, August 6, 2026 at 11:00 AM ET.

Granite Point Mortgage Trust (NYSE:GPMT) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Granite Point Mortgage Trust had a negative net margin of 29.82% and a negative return on equity of 11.31%. The business had revenue of $11.22 million for the quarter, compared to the consensus estimate of $7.40 million. On average, analysts expect Granite Point Mortgage Trust to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Granite Point Mortgage Trust Trading Up 0.3%

Shares of NYSE:GPMT opened at $1.45 on Monday. The firm has a market cap of $69.24 million, a price-to-earnings ratio of -1.35 and a beta of 1.61. Granite Point Mortgage Trust has a 1 year low of $1.24 and a 1 year high of $3.12. The business has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.61.

Granite Point Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend was Wednesday, July 1st. Granite Point Mortgage Trust’s dividend payout ratio is presently -18.69%.

Hedge Funds Weigh In On Granite Point Mortgage Trust

Several hedge funds have recently bought and sold shares of GPMT. LPL Financial LLC bought a new position in Granite Point Mortgage Trust during the fourth quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in shares of Granite Point Mortgage Trust during the 3rd quarter worth about $26,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Granite Point Mortgage Trust during the 2nd quarter valued at about $28,000. Jump Financial LLC acquired a new position in shares of Granite Point Mortgage Trust during the 2nd quarter valued at about $31,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of Granite Point Mortgage Trust in the 2nd quarter valued at approximately $31,000. 51.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GPMT. Compass Point set a $1.50 price target on Granite Point Mortgage Trust in a research note on Monday, May 11th. UBS Group started coverage on Granite Point Mortgage Trust in a research note on Thursday, July 16th. They issued a “neutral” rating and a $1.50 price target for the company. Wall Street Zen downgraded Granite Point Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Granite Point Mortgage Trust in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $1.83.

Granite Point Mortgage Trust Company Profile

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.