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Granite Point Mortgage Trust Inc (GPMT) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Granite Point Mortgage Trust Inc (GPMT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Granite Point Mortgage Trust Inc focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point Mortgage Trust Inc has a market cap of $973.790 million; its shares were traded at around $19.04 with a P/E ratio of 13.49 and P/S ratio of 22.23. The dividend yield of Granite Point Mortgage Trust Inc stocks is 8.52%.


At the end of the fiscal year, Granite Point Mortgage Trust Inc has the cash and cash equivalents of $91.7 million, compared with $107.8 million in the previous year. The long term debt was $997.4 million. Granite Point Mortgage Trust Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $19.04, Granite Point Mortgage Trust Inc is traded at 132.2% premium to its historical median P/S valuation band of $8.20. The P/S ratio of the stock is 22.23, while the historical median P/S ratio is 9.57. The stock gained 18.03% during the past 12 months.

CEO Recent Trades:

  • President and CEO John A Taylor sold 10,734 shares of GPMT stock on 01/30/2019 at the average price of $19.5. The price of the stock has decreased by 2.36% since.

CFO Recent Trades:

  • CFO Marcin Urbaszek sold 1,966 shares of GPMT stock on 01/30/2019 at the average price of $19.55. The price of the stock has decreased by 2.61% since.

Directors and Officers Recent Trades:

  • General Counsel and Secretary Rebecca B Sandberg sold 424 shares of GPMT stock on 01/30/2019 at the average price of $19.48. The price of the stock has decreased by 2.26% since.

  • COO Steven Plust sold 4,523 shares of GPMT stock on 01/30/2019 at the average price of $19.55. The price of the stock has decreased by 2.61% since.

  • Chief Investment Officer Stephen Alpart sold 5,520 shares of GPMT stock on 01/30/2019 at the average price of $19.56. The price of the stock has decreased by 2.66% since.

For the complete 20-year historical financial data of GPMT, click here.

This article first appeared on GuruFocus.


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