Exchange: NYSE·Updated 07:57 PM EDT
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GPMT Granite Point Mortgage Trust Inc

$6.53
$0.65
(9.05%)
Today
Closed $6.53
$0.03
(0.46%)
After Hours
EarningsNov 5
Mkt Cap$31.47M
Vol61,220.00

About GPMT

Granite Point Mortgage Trust, Inc. operates as a real estate investment trust, which focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans, other debt and debt-like commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.
57

Bullish Sentiment

How do you feel about GPMT?

TwongStocks
Today's reverse split results. $GPMT 1 for 10 Previous close $0.7431, $7.431 split-adjusted Today's high $7.61 Today's close $7.60 🟢Up 2.27% $ITOC 1 for 16 Previous close $0.2536, $4.0576 split-adjusted Today's high $4.49 Today's close $4.11 🟢Up 1.29%
1
Sirsquiggleburp
$GPMT Early alert for a potential run after split. I am watching this ticker with my special pink eye. Tracking volume.
1
focafoca99
$GPMT carried out a 1-for-10 reverse stock split, reducing shares to about 4.8 million and adjusting the par value.
topstockalerts
Granite Point Mortgage Trust announced a 1-for-10 reverse stock split and said it is evaluating strategic alternatives to increase shareholder value. The reverse split will take effect Oct. 5, 2026, at 11 p.m. ET, reducing outstanding common shares from about 48.2 million to roughly 4.8 million. The company’s board is considering options including a business combination, the sale of all or part of its assets, or a capital-raising transaction. Granite Point stressed that there is no assurance the review will result in a transaction and that no formal timetable has been set. The common stock will continue trading on the NYSE under GPMT starting Oct. 6 with a new CUSIP. Fractional shares will not be issued; shareholders will instead receive cash based on the Oct. 5 closing price. The reverse split will not affect the previously declared $0.01 per-share common dividend, payable Oct. 15 to shareholders of record as of Oct. 1. $GPMT

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