Keefe Bruyette Lowers Price Recommendation on Granite Point Mortgage Trust (GPMT)

Granite Point Mortgage Trust Inc. (NYSE:GPMT) is included among the 11 Best Dividend Penny Stocks to Buy Right Now.

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On May 12, Keefe Bruyette lowered its price recommendation on Granite Point Mortgage Trust Inc. (NYSE:GPMT) to $1.50 from $1.65. It reiterated a Market Perform rating on the stock.

During the company’s Q1 2026 earnings call, Stephen Alpart, VP, Chief Investment Officer, and Co-Head of Originations, said Granite Point ended the quarter with $1.6 billion in total loan portfolio commitments. The amount included $1.5 billion in outstanding principal balance and nearly $68 million in future funding obligations. Alpart also said the portfolio’s weighted average risk rating increased to 3.2 as of March 31, compared with 2.9 at the end of December. That increase pointed to some added pressure within the portfolio during the quarter.

At the same time, VP, CFO, and Treasurer Blake Johnson said the company reported a GAAP net loss attributable to common stockholders of $6 million, or -$0.13 per basic common share, in the first quarter. He added that Granite Point also posted a distributable loss of $3 million, or -$0.06 per basic common share.

Granite Point Mortgage Trust Inc. (NYSE:GPMT) is an internally managed real estate finance company that mainly focuses on originating, investing in, and managing senior floating-rate commercial mortgage loans, along with other debt and debt-like commercial real estate investments.

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