Granite Point Mortgage
(NYSE:GPMT)
$4.80
0.08[1.69%]
At close: Mar 28
$4.80
0[0.00%]
PreMarket: 7:00AM EDT
The dividend Ex-Date is today
Consensus Rating1
Outperform
Highest Price Target1
$6.00
Lowest Price Target1
$6.00
Consensus Price Target1
$6.50

Granite Point Mortgage Stock (NYSE:GPMT), Analyst Ratings, Price Targets, Predictions

Granite Point Mortgage Trust Inc has a consensus price target of $6.5, established from looking at the 17 latest analyst ratings. The last 3 analyst ratings were released from UBS, JMP Securities, and Raymond James on March 20, 2024, February 20, 2024, and February 16, 2024. With an average price target of $4.17 between UBS, JMP Securities, and Raymond James, there's an implied -13.19% downside for Granite Point Mortgage Trust Inc from these 3 analyst ratings.

Analyst Rating Summary1

Analyst Ratings
Dec 23
1
Feb
1
1
Mar
1
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

UBS
JMP Securities
Raymond James
Keefe, Bruyette & Woods
Credit Suisse

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Granite Point Mortgage

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ticker
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Buy Now
Company
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Current price
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Analyst Firm
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Analyst & % Accurate
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Price Target Change
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Rating Change
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Previous / Current Rating
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Get Alert
03/20/2024GPMTBuy Now
Granite Point Mortgage
$4.8025%UBS
Douglas Harter
$6.5 → $6MaintainsBuyGet Alert
02/20/2024GPMTBuy Now
Granite Point Mortgage
$4.80—JMP Securities
Steven Delaney
—DowngradeMarket Outperform → Market PerformGet Alert
02/16/2024GPMTBuy Now
Granite Point Mortgage
$4.8035.42%Raymond James
Stephen Laws
$7 → $6.5MaintainsOutperformGet Alert
12/06/2023GPMTBuy Now
Granite Point Mortgage
$4.8035.42%UBS
Douglas Harter
→ $6.5Initiates → BuyGet Alert
08/17/2023GPMTBuy Now
Granite Point Mortgage
$4.8087.5%JMP Securities
Steven Delaney
→ $9ReiteratesMarket Outperform → Market OutperformGet Alert
05/12/2023GPMTBuy Now
Granite Point Mortgage
$4.8045.83%Raymond James
Stephen Laws
$9 → $7MaintainsOutperformGet Alert
12/15/2022GPMTBuy Now
Granite Point Mortgage
$4.8025%Keefe, Bruyette & Woods
Jade Rahmani
→ $6DowngradeMarket Perform → UnderperformGet Alert
12/13/2022GPMTBuy Now
Granite Point Mortgage
$4.80108.33%JMP Securities
Steven Delaney
$12 → $10MaintainsMarket OutperformGet Alert
11/11/2022GPMTBuy Now
Granite Point Mortgage
$4.8087.5%Raymond James
Stephen Laws
$10 → $9MaintainsOutperformGet Alert
10/18/2022GPMTBuy Now
Granite Point Mortgage
$4.80108.33%Raymond James
Stephen Laws
$13.5 → $10MaintainsOutperformGet Alert
09/15/2022GPMTBuy Now
Granite Point Mortgage
$4.80150%JMP Securities
Steven Delaney
$13 → $12MaintainsMarket OutperformGet Alert
07/18/2022GPMTBuy Now
Granite Point Mortgage
$4.80181.25%Raymond James
Stephen Laws
$15 → $13.5MaintainsOutperformGet Alert
06/17/2022GPMTBuy Now
Granite Point Mortgage
$4.80170.83%JMP Securities
Steven Delaney
$15 → $13MaintainsMarket OutperformGet Alert
05/13/2022GPMTBuy Now
Granite Point Mortgage
$4.80212.5%Raymond James
Stephen Laws
$16 → $15MaintainsOutperformGet Alert
03/01/2022GPMTBuy Now
Granite Point Mortgage
$4.80191.67%Credit Suisse
Douglas Harter
$15 → $14MaintainsOutperformGet Alert
05/18/2021GPMTBuy Now
Granite Point Mortgage
$4.80233.33%Raymond James
Stephen Laws
—MaintainsOutperformGet Alert
05/14/2021GPMTBuy Now
Granite Point Mortgage
$4.80212.5%Credit Suisse
Douglas Harter
—UpgradeNeutral → OutperformGet Alert

FAQ

Q

What is the target price for Granite Point Mortgage (GPMT)?

A

The latest price target for Granite Point Mortgage (NYSE: GPMT) was reported by UBS on March 20, 2024. The analyst firm set a price target for $6.00 expecting GPMT to rise to within 12 months (a possible 25.00% upside). 6 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Granite Point Mortgage (GPMT)?

A

The latest analyst rating for Granite Point Mortgage (NYSE: GPMT) was provided by UBS, and Granite Point Mortgage maintained their buy rating.

Q

When was the last upgrade for Granite Point Mortgage (GPMT)?

A

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.

Q

When was the last downgrade for Granite Point Mortgage (GPMT)?

A

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.

Q

When is the next analyst rating going to be posted or updated for Granite Point Mortgage (GPMT)?

A

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 March 20, 2024 so you should expect the next rating to be made available sometime around March 20, 2025.

Q

Is the Analyst Rating Granite Point Mortgage (GPMT) correct?

A

While ratings are subjective and will change, the latest Granite Point Mortgage (GPMT) rating was a maintained with a price target of $6.50 to $6.00. The current price Granite Point Mortgage (GPMT) is trading at is $4.80, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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