How to Buy Granite Point Mortgage Trust Stock
Granite Point Mortgage Trust Inc
Granite Point Mortgage Trust is a mortgage REIT company located in New York, United States, which is part of the Real Estate sector, and is traded under the ticker GPMT on the NYSE exchange.
Granite Point Mortgage Trust stock last closed at $4.32, up 0.7% from the previous day, and has decreased 0.46% in one year. It has overperformed other stocks in the REIT - Mortgage industry by 0.01 percentage points. Granite Point Mortgage Trust stock is currently +8.82% from its 52-week low of $3.97, and -32.55% from its 52-week high of $6.41.
At the moment, there are 50.79M shares of GPMT outstanding. The market value of GPMT is $219.43M. In the past 24 hours, 272,743 GPMT shares were traded.
How to Buy Granite Point Mortgage Trust Stock
Wondering how to invest in Granite Point Mortgage Trust stock? Here's how.
- Figure out where to buy Granite Point Mortgage Trust stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Granite Point Mortgage Trust stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Evaluate Granite Point Mortgage Trust stock: The Granite Point Mortgage Trust ticker symbol is GPMT. Is Granite Point Mortgage Trust stock a good investment? Should you buy shares of GPMT? How do GPMT's underlying business fundamentals look? Do top analysts think Granite Point Mortgage Trust is a good buy? Why has GPMT's stock price moved recently? (Hint: Our stock analysis website can help you decide if GPMT is a good stock to buy).
- Make your GPMT buy order: Decide if you will purchase GPMT shares at the current market price or use a limit order to buy GPMT shares at a specific price.
- Get the latest news on your investment in GPMT: Create a watchlist to important notifications about your investment in Granite Point Mortgage Trust shares.
Step 1: Figure out where to buy Granite Point Mortgage Trust stock
You need an online brokerage account in order to access the NYSE market and buy GPMT stock.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal details so you are able to buy GPMT today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have opened your account on a good online stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Evaluate Granite Point Mortgage Trust stock
After you have identified the best place to buy Granite Point Mortgage Trust stock, it's very important to analyze their stock prior to buying, so you can comprehend the risk as well as the upside.
Granite Point Mortgage Trust stock quick numbers
GPMT Fundamentals
WallStreetZen was built to help average investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on GPMT's stock page.
How is GPMT stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge GPMT's intrinsic value.
Using relative valuations methods:
- GPMT may be undervalued based on its P/B ratio of 0.26x, relative to REIT - Mortgage industry P/B ratio of 0.72x
You can do more valuation research on GPMT's stock here.
GPMT Financial Overview
Positive Health Checks:
- Total GPMT debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- GPMT profit margin has gone down from 1,345.8% to 391.9% in the past year.
- GPMT earnings of -$63.10M is not sufficient to cover its interest payments.
- GPMT has a relatively high debt to equity ratio of 2.31.
- GPMT's operating cash flow of $52.10M allows it to safely service it's debt of $1.95B.
Is it a good time to buy GPMT stock, according to Wall Street analysts?
Out of 3 Equities analysts who give ratings on GPMT, the consensus analyst rating on Granite Point Mortgage Trust is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Granite Point Mortgage Trust stock forecast page.
GPMT Momentum
Latest Insiders Trades at GPMT
Over the past 12 months, insiders at GPMT have sold more shares than they have bought.
Stephen Alpart, Chief Investment Officer of GPMT, was the latest GPMT insider to sell. They sold $97,031.03 worth of GPMT stock on Mar 15, 2024.
Research more about who owns GPMT stock here.
Can I get consistent income from GPMT stock?
Granite Point Mortgage Trust pays a dividend of 17.36%, compared to the REIT - Mortgage industry's average dividend yield of 13.65%. If you owned $1,000 worth of GPMT stock, you would have been paid $173.61 in the past 12 months.
Granite Point Mortgage Trust dividend payments have not consistently grown over the past 7 years and have not remained stable.
Get more info about Granite Point Mortgage Trust dividend yield and history here.
GPMT Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your GPMT buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, place a limit order.
Click the Open Trade button and eToro will place your order.
If you require additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your investment in GPMT
Now that you own some GPMT stock, you'll want to keep up with your new shares.
Put GPMT on a watchlist to track your GPMT stock.
GPMT Feed
How to Buy Stock in Granite Point Mortgage Trust
To summarize, here are the 6 steps to buy stock in Granite Point Mortgage Trust:
- Figure out where to buy Granite Point Mortgage Trust stock
- Open your brokerage account
- Put funds into your brokerage account
- Evaluate Granite Point Mortgage Trust stock
- Make your GPMT buy order
- Get the latest news on your investment in GPMT
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Granite Point Mortgage Trust, add GPMT to your watchlist by clicking the button below.
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