GPMT-PA · Granite Point Mortgage Trust Inc. — research history
Complete research history. Every dossier, draft, kill, publish, and lesson the system has produced on GPMT-PA. Public so users can audit, AI can re-reference. Live price refreshes every 60s.
About GPMT-PA · Granite Point Mortgage Trust Inc.
Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments in the United States. The company offers intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, such as lease-up, renovation, repositioning, and repurposing of the commercial property. It also originates and invests in mezzanine loans, subordinated mortgage interests, and other real estate securities, as well as preferred equity investments, unsecured notes, and other investments that are subordinated or otherwise junior in an issuer's capital structure. The company was founded in 2015 and is headquartered in New York, New York.
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SELL (score -4) · 12-1 mom 7.5% · RSI 27.1 · below_both · -12.6% from high
Targets blend Wall Street consensus (? analysts: low — / mean — / high —) with chart-derived floors and ceilings.
1-Year Chart · RSI · MACD
Research Timeline
Newest first. Each entry shows what stage produced it, the verdict/decision, and the reasoning.
The triggering Form 4 cluster (6 filings in 14 days) represents RSU vesting events on June 5, 2026 — not open-market discretionary purchases. All six directors received automatic equity compensation vests and two of them sold shares at ~$1.48 to cover tax liabilities. The transaction code 'M' (conversion/exercise) is fundamentally different from a voluntary 'P' purchase signal. There are no open-market insider buys in the 90-day window. Beyond the false-positive trigger, GPMT-PA presents as a distressed commercial mortgage REIT with Q1 2026 net loss of $2.4M (attributable to common: -$6.0M), a loan portfolio where seven collateral-dependent loans ($333.6M principal) sit on nonaccrual status (~23% of the book), an allowance for credit losses of $147.3M against $1.5B in amortized cost, and cumulative distributions in excess of net income since IPO. The ~9% dividend yield is underwritten by ongoing operating losses. No analyst issues a Buy rating (KBW at Market Perform / $1.50 price target). Options are unavailable. There is no genuine mispricing edge — the stock trades near the middle of its 52-week range with neutral-to-bearish technicals and deteriorating fundamentals.