Zacks upgrades Granite Point Mortgage Trust stock to Hold at 1.75 consensus score

Published on 10/15/2026 at 20:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due November 4. Granite Point Mortgage Trust stock costs USD 5.38 on October 15, 2026, down 0.37 percent versus its prior close.

Analyst view and key dates

On October 9, Zacks Research upgraded its rating on Granite Point Mortgage Trust to Hold.
MarketBeat estimates November 4, 2026 results with USD 5.90 million revenue.
Granite Point Mortgage Trust stock costs USD 5.38 at 2:21 p.m. ET on October 15, 2026, down 0.37 percent versus the NYSE prior close of October 14, 2026.
The portfolio had 38 loans and USD 1.5 billion in total commitments as of June 30, 2026.

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Zacks Research upgraded Granite Point Mortgage Trust to Hold on October 9, 2026, while the four-analyst consensus score stood at 1.75, according to MarketBeat. The average target of USD 13.33 was 147.77 percent above the NYSE quote at USD 5.38. Granite Point Mortgage Trust traded at USD 5.38 on October 15, 2026 at 2:21 p.m. ET, down 0.37 percent versus the prior close of October 14, 2026.

November 4 results carry estimates

MarketBeat estimates that Granite Point Mortgage Trust will report third-quarter 2026 results on November 4, 2026, after the market closes. The page lists consensus earnings per share of minus USD 3.9399 and revenue of USD 5.90 million, with a conference call scheduled for November 5, 2026 at 11:00 a.m. ET.

The expected revenue would be below the USD 8.27 million reported for the second quarter of 2026, while the expected earnings figure remains negative. Both estimates and the date are published by MarketBeat.

Price sits near the yearly low

The NYSE quote ranged from USD 5.28 to USD 5.44 on October 15, 2026, with 48,047 shares traded against an average volume of 27,581 shares. The 52-week range ran from USD 5.28 to USD 28.50, placing the current price 81.12 percent below the high and at the low of the range.

Granite Point had completed its 1-for-10 reverse stock split on October 6, 2026, according to the company website. The company focuses on senior floating-rate commercial mortgage loans and other commercial real estate debt investments.

Portfolio scale and valuation

As of June 30, 2026, the company website described a portfolio of 38 loans, USD 1.5 billion in total commitments and USD 1.4 billion in unpaid principal balance. It also reported that 99 percent of the portfolio consisted of senior first mortgages, while 97 percent of loans were floating rate. The realized portfolio yield was 6.00 percent.

Granite Point's market capitalization was USD 25.9 million on October 15, 2026. The price-to-earnings ratio was minus 0.27 and the dividend yield was 0.13 percent. The company website identifies Granite Point Mortgage Trust as a commercial real estate finance company focused on originating, investing in and managing mortgage loans.

Comparison with peers

Granite Point Mortgage Trust (NYSE, USD): minus 0.37 percent, P/E minus 0.27, market capitalization USD 25.9 million

Blackstone Mortgage Trust (NYSE, USD): plus 3.26 percent, P/E 136.56, market capitalization USD 1.8 billion

Starwood Property Trust (NYSE, USD): plus 2.87 percent, P/E 18.68, market capitalization USD 4.7 billion

Next date matters more than yield

The November 4 reporting date gives investors the next scheduled checkpoint for loan performance, credit costs and earnings. The small market capitalization and the 81.12 percent distance from the yearly high leave the earnings release as the next dated test of the portfolio's balance-sheet repair.

Granite Point Mortgage Trust was trading at USD 5.38 on the NYSE on October 15, 2026 at 2:21 p.m. ET, down 0.37 percent versus the prior close of October 14, 2026 (USD 5.40).