Granite Point Mortgage Trust Inc (GPMT) Director William Reid Sanders Purchases 31,000 Shares

Granite Point Mortgage Trust Inc (NASDAQ:GPMT) Director William Reid Sanders acquired 31,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $17.58 per share, with a total value of $544,980.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Granite Point Mortgage Trust Inc (NASDAQ GPMT) opened at $17.56 on Tuesday. Granite Point Mortgage Trust Inc has a 52 week low of $17.02 and a 52 week high of $19.30.

The firm also recently announced a special dividend, which was paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 28th.

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Several equities research analysts recently weighed in on the stock. JMP Securities assumed coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price objective for the company. Zacks Investment Research raised shares of Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, September 20th. J P Morgan Chase & Co assumed coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 price objective on shares of Granite Point Mortgage Trust in a research report on Thursday, October 12th. Finally, Compass Point assumed coverage on Granite Point Mortgage Trust in a research note on Friday, October 27th. They set a “buy” rating and a $19.50 target price for the company. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.58.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System acquired a new position in Granite Point Mortgage Trust during the third quarter worth about $307,000. Schwab Charles Investment Management Inc. acquired a new position in Granite Point Mortgage Trust during the third quarter worth about $776,000. Wells Fargo & Company MN raised its stake in Granite Point Mortgage Trust by 13.6% during the third quarter. Wells Fargo & Company MN now owns 23,626 shares of the company’s stock worth $443,000 after acquiring an additional 2,832 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Granite Point Mortgage Trust during the third quarter worth about $552,000. Finally, Sei Investments Co. acquired a new position in Granite Point Mortgage Trust during the third quarter worth about $225,000.

Granite Point Mortgage Trust Company Profile

Granite Point Mortgage Trust Inc is focused primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt, such as commercial real estate investments. The Company formed to continue and expand the commercial real estate lending business. The Company is a long-term, fundamental value-oriented investor.

Insider Buying and Selling by Quarter for Granite Point Mortgage Trust (NASDAQ:GPMT)

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