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 Video: Compound Annual Growth Rate (CAGR) Definition
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| Date |
Open |
High |
Low |
Close |
Volume |
| 12/06/2024 |
$3.26 |
$3.33 |
$3.23 |
$3.30 |
333.80K | | 12/09/2024 |
$3.32 |
$3.40 |
$3.29 |
$3.33 |
181.10K | | 12/10/2024 |
$3.35 |
$3.48 |
$3.28 |
$3.44 |
243.20K | | 12/11/2024 |
$3.48 |
$3.48 |
$3.37 |
$3.43 |
248.40K | | 12/12/2024 |
$3.40 |
$3.44 |
$3.37 |
$3.42 |
241.10K |
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| Granite Point Mortgage Trust Inc. is an internally managed real estate finance company. Co. focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Its investment objective is to preserve its stockholder's capital while generating attractive risk-adjusted returns over the long term, primarily through dividends derived from current income produced by its investment portfolio. Co. provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans. | |
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Granite Point Mortgage Trust (GPMT) has the following price history information. Looking back at GPMT historical stock prices for the last five trading days, on December 06, 2024, GPMT opened at $3.26, traded as high as $3.33 and as low as $3.23, and closed at $3.30. Trading volume was a total of 333.80K shares. On December 09, 2024, GPMT opened at $3.32, traded as high as $3.40 and as low as $3.29, and closed at $3.33. Trading volume was a total of 181.10K shares. On December 10, 2024, GPMT opened at $3.35, traded as high as $3.48 and as low as $3.28, and closed at $3.44. Trading volume was a total of 243.20K shares. On December 11, 2024, GPMT opened at $3.48, traded as high as $3.48 and as low as $3.37, and closed at $3.43. Trading volume was a total of 248.40K shares. On December 12, 2024, GPMT opened at $3.40, traded as high as $3.44 and as low as $3.37, and closed at $3.42. Trading volume was a total of 241.10K shares.
GPMT Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Granite Point Mortgage Trust shares, starting with a $10,000 purchase of GPMT, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/27/2017 |
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| End date: |
12/12/2024 |
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| Start price/share: |
$18.93 |
|
| End price/share: |
$3.42 |
|
| Starting shares: |
528.26 |
|
| Ending shares: |
1,067.04 |
|
| Dividends reinvested/share: |
$7.65 |
|
| Total return: |
-63.51% |
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| Average Annual Total Return: |
-12.63% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$3,649.44 |
|
| Years: |
7.47 |
|
| |
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
06/27/2017 |
|
| End date: |
12/12/2024 |
|
| Start price/share: |
$18.93 |
|
| End price/share: |
$3.42 |
|
| Dividends collected/share: |
$7.65 |
|
| Total return: |
-41.52% |
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| Average Annual Total Return: |
-6.93% |
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| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$5,849.80 |
|
| Years: |
7.47 |
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|
| Date |
Close |
| 12/06/2024 | $3.30 | | 12/09/2024 | $3.33 | | 12/10/2024 | $3.44 | | 12/11/2024 | $3.43 | | 12/12/2024 | $3.42 |
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