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Granite Point Mortgage Trust Inc has a consensus price target of $7.31 based on the ratings of 5 analysts. The high is $14 issued by Credit Suisse on March 1, 2022. The low is $2.75 issued by Keefe, Bruyette & Woods on August 12, 2024. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods on August 12, 2024, July 10, 2024, and April 10, 2024, respectively. With an average price target of $3.58 between Keefe, Bruyette & Woods, there's an implied 20.65% upside for Granite Point Mortgage Trust Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Granite Point Mortgage (NYSE:GPMT) was reported by Keefe, Bruyette & Woods on August 12, 2024. The analyst firm set a price target for $2.75 expecting GPMT to fall to within 12 months (a possible -7.41% downside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Granite Point Mortgage (NYSE:GPMT) was provided by Keefe, Bruyette & Woods, and Granite Point Mortgage maintained their underperform rating.
There is no last upgrade for Granite Point Mortgage
The last downgrade for Granite Point Mortgage Trust Inc happened on February 20, 2024 when JMP Securities changed their price target from N/A to N/A for Granite Point Mortgage Trust Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Granite Point Mortgage, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Granite Point Mortgage was filed on August 12, 2024 so you should expect the next rating to be made available sometime around August 12, 2025.
While ratings are subjective and will change, the latest Granite Point Mortgage (GPMT) rating was a maintained with a price target of $3.25 to $2.75. The current price Granite Point Mortgage (GPMT) is trading at is $2.97, which is out of the analyst’s predicted range.
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