NEW YORK, November 27, 2019 – Shares of Granite Point Mortgage Trust Inc. (NYSE: GPMT) lost -0.55% to $18.01. The stock traded total volume of 545.527K shares higher than the average volume of 292.92K shares.
Granite Point Mortgage Trust Inc. (NYSE: GPMT) posted revenues of $27.83M for the quarter ended June 2019, missing the Zacks Consensus Estimate by 3.71%. This compares to year-ago revenues of $22.84M. The company has topped consensus revenue estimates just once over the last four quarters. The company came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.26%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.40 per share when it actually produced earnings of $0.36, delivering a surprise of -10%.
GPMT has the market capitalization of $988.93M. The return on assets ratio of the Company was 1.80% while its return on investment ratio stands at 1.90%. Price to sales ratio was 4.20 while 78.70% of the stock was owned by institutional investors.
I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Digital Market News specializing in quicker moving active shares with a short term view on investment opportunities and trends.
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