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Granite Point Mortgage
(NYSE:GPMT)Granite Point Mortgage Stock (NYSE:GPMT), Analyst Ratings, Price Targets, Predictions
Granite Point Mortgage Trust Inc has a consensus price target of $6.25, established from looking at the 18 latest analyst ratings. The last 3 analyst ratings were released from Keefe, Bruyette & Woods, UBS, and JMP Securities on April 10, 2024, March 20, 2024, and February 20, 2024. With an average price target of $3.58 between Keefe, Bruyette & Woods, UBS, and JMP Securities, there's an implied -18.03% downside for Granite Point Mortgage Trust Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Keefe, Bruyette & Woods
UBS
JMP Securities
Raymond James
Credit Suisse
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Granite Point Mortgage
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/10/2024 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 8.66% | Keefe, Bruyette & Woods | Jade Rahmani | $5 → $4.75 | Maintains | Underperform | Get Alert |
| 03/20/2024 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 37.26% | UBS | Douglas Harter | $6.5 → $6 | Maintains | Buy | Get Alert |
| 02/20/2024 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | — | JMP Securities | Steven Delaney | — | Downgrade | Market Outperform → Market Perform | Get Alert |
| 02/16/2024 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 48.69% | Raymond James | Stephen Laws | $7 → $6.5 | Maintains | Outperform | Get Alert |
| 12/06/2023 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 48.69% | UBS | Douglas Harter | → $6.5 | Initiates | → Buy | Get Alert |
| 08/17/2023 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 105.88% | JMP Securities | Steven Delaney | → $9 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 05/12/2023 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 60.13% | Raymond James | Stephen Laws | $9 → $7 | Maintains | Outperform | Get Alert |
| 12/15/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 37.26% | Keefe, Bruyette & Woods | Jade Rahmani | → $6 | Downgrade | Market Perform → Underperform | Get Alert |
| 12/13/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 128.76% | JMP Securities | Steven Delaney | $12 → $10 | Maintains | Market Outperform | Get Alert |
| 11/11/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 105.88% | Raymond James | Stephen Laws | $10 → $9 | Maintains | Outperform | Get Alert |
| 10/18/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 128.76% | Raymond James | Stephen Laws | $13.5 → $10 | Maintains | Outperform | Get Alert |
| 09/15/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 174.51% | JMP Securities | Steven Delaney | $13 → $12 | Maintains | Market Outperform | Get Alert |
| 07/18/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 208.83% | Raymond James | Stephen Laws | $15 → $13.5 | Maintains | Outperform | Get Alert |
| 06/17/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 197.39% | JMP Securities | Steven Delaney | $15 → $13 | Maintains | Market Outperform | Get Alert |
| 05/13/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 243.14% | Raymond James | Stephen Laws | $16 → $15 | Maintains | Outperform | Get Alert |
| 03/01/2022 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 220.26% | Credit Suisse | Douglas Harter | $15 → $14 | Maintains | Outperform | Get Alert |
| 05/18/2021 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 266.02% | Raymond James | Stephen Laws | — | Maintains | Outperform | Get Alert |
| 05/14/2021 | GPMT | Buy Now | Granite Point Mortgage | $4.37 | 243.14% | Credit Suisse | Douglas Harter | — | Upgrade | Neutral → Outperform | Get Alert |
FAQ
What is the target price for Granite Point Mortgage (GPMT)?
The latest price target for Granite Point Mortgage (NYSE: GPMT) was reported by Keefe, Bruyette & Woods on April 10, 2024. The analyst firm set a price target for $4.75 expecting GPMT to rise to within 12 months (a possible 8.66% upside). 7 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Granite Point Mortgage (GPMT)?
The latest analyst rating for Granite Point Mortgage (NYSE: GPMT) was provided by Keefe, Bruyette & Woods, and Granite Point Mortgage maintained their underperform rating.
When was the last upgrade for Granite Point Mortgage (GPMT)?
The last upgrade for Granite Point Mortgage Trust Inc happened on May 14, 2021 when Credit Suisse raised their price target to $15. Credit Suisse previously had a neutral for Granite Point Mortgage Trust Inc.
When was the last downgrade for Granite Point Mortgage (GPMT)?
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.
When is the next analyst rating going to be posted or updated for Granite Point Mortgage (GPMT)?
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 April 10, 2024 so you should expect the next rating to be made available sometime around April 10, 2025.
Is the Analyst Rating Granite Point Mortgage (GPMT) correct?
While ratings are subjective and will change, the latest Granite Point Mortgage (GPMT) rating was a maintained with a price target of $5.00 to $4.75. The current price Granite Point Mortgage (GPMT) is trading at is $4.37, which is out of the analyst’s predicted range.
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