Comparing Granite Point Mortgage Trust (NYSE:GPMT) & National Storage Affiliates Trust (NYSE:NSA)

Granite Point Mortgage Trust (NYSE:GPMT) and National Storage Affiliates Trust (NYSE:NSA) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their earnings, risk, dividends, valuation, institutional ownership, profitability and analyst recommendations.

Analyst Ratings

This is a summary of current ratings and target prices for Granite Point Mortgage Trust and National Storage Affiliates Trust, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Granite Point Mortgage Trust	0	2	2	0	2.50
National Storage Affiliates Trust	2	6	1	0	1.89

Granite Point Mortgage Trust currently has a consensus price target of $4.58, suggesting a potential upside of 58.32%. National Storage Affiliates Trust has a consensus price target of $43.06, suggesting a potential upside of 15.12%. Given Granite Point Mortgage Trust’s stronger consensus rating and higher probable upside, equities analysts plainly believe Granite Point Mortgage Trust is more favorable than National Storage Affiliates Trust.

Insider and Institutional Ownership

51.6% of Granite Point Mortgage Trust shares are held by institutional investors. Comparatively, 100.0% of National Storage Affiliates Trust shares are held by institutional investors. 2.3% of Granite Point Mortgage Trust shares are held by insiders. Comparatively, 13.0% of National Storage Affiliates Trust shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Dividends

Granite Point Mortgage Trust pays an annual dividend of $0.20 per share and has a dividend yield of 6.9%. National Storage Affiliates Trust pays an annual dividend of $2.28 per share and has a dividend yield of 6.1%. Granite Point Mortgage Trust pays out -4.6% of its earnings in the form of a dividend. National Storage Affiliates Trust pays out 133.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Granite Point Mortgage Trust is clearly the better dividend stock, given its higher yield and lower payout ratio.

Profitability

This table compares Granite Point Mortgage Trust and National Storage Affiliates Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Granite Point Mortgage Trust	-87.21%	0.95%	0.27%
National Storage Affiliates Trust	20.59%	10.35%	2.98%

Volatility and Risk

Granite Point Mortgage Trust has a beta of 1.86, meaning that its stock price is 86% more volatile than the S&P 500. Comparatively, National Storage Affiliates Trust has a beta of 1.03, meaning that its stock price is 3% more volatile than the S&P 500.

Valuation & Earnings

This table compares Granite Point Mortgage Trust and National Storage Affiliates Trust”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Granite Point Mortgage Trust	$47.59 million	3.04	-$63.20 million	($4.39)	-0.66
National Storage Affiliates Trust	$858.06 million	3.32	$156.67 million	$1.71	21.88

National Storage Affiliates Trust has higher revenue and earnings than Granite Point Mortgage Trust. Granite Point Mortgage Trust is trading at a lower price-to-earnings ratio than National Storage Affiliates Trust, indicating that it is currently the more affordable of the two stocks.

Summary

National Storage Affiliates Trust beats Granite Point Mortgage Trust on 10 of the 16 factors compared between the two stocks.

About Granite Point Mortgage Trust

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 provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2015 and is headquartered in New York, New York.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.