Granite Point Mortgage Trust Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $36.6M
- Price
- $7.60
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.27%
- Volume
- 32.2K
About
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.
Quick stats
Shares outstanding4.8M
Computed float4.5M
Float / shares93.4%
Key info
SectorReal Estate
IndustryREIT - Mortgage
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001703644
Websitehttps://www.gpmtreit.com
AI Summary
AI-generated1/13
standardbearishreverse split
Granite Point Mortgage Trust Inc. Announces Completion of Reverse Stock Split
Granite Point Mortgage Trust completed a one-for-ten reverse stock split effective 5:00 p.m. ET on October 5, 2026.
Shares outstanding fell from approximately 48.2 million to approximately 4.8 million, with par value unchanged and the stock continuing to trade on the NYSE as GPMT under a new CUSIP.
The split is intended to be tax-free for U.S. holders, except for cash in lieu of fractional shares; reverse splits of this size typically signal a push to maintain listing compliance or lift the share price.
Red flags
- 1-for-10 reverse split may indicate NYSE minimum-price listing compliance pressure
- share count reduced to ~4.8 million, increasing per-share volatility