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%.
Warning! GuruFocus has detected 6 Warning Signs with GPMT. Click here to check it out.
The intrinsic value of GPMT
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.
Warning! GuruFocus has detected 6 Warning Signs with GPMT. Click here to check it out.
The intrinsic value of GPMT