1 week Ago By Defense World Staff
Geode Capital Management LLC raised its stake in shares of Granite Point Mortgage Trust Inc. ( NYSE:GPMT – Free Report ) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 1,200,175 shares of the company’s stock after buying an additional 22,335 shares during the quarter. Geode Capital Management LLC owned about 2.40% of Granite Point Mortgage Trust worth $3,349,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Granite Point Mortgage Trust in the fourth quarter worth $43,000. Intech Investment Management LLC grew its holdings in Granite Point Mortgage Trust by 54.
9% during the fourth quarter. Intech Investment Management LLC now owns 22,432 shares of the company’s stock valued at $63,000 after purchasing an additional 7,952 shares during the period. SG Americas Securities LLC grew its holdings in Granite Point Mortgage Trust by 33.
1% during the fourth quarter. SG Americas Securities LLC now owns 27,647 shares of the company’s stock valued at $77,000 after purchasing an additional 6,878 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Granite Point Mortgage Trust by 10.
5% in the fourth quarter. Corient Private Wealth LLC now owns 47,666 shares of the company’s stock worth $133,000 after acquiring an additional 4,511 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Granite Point Mortgage Trust by 28.
3% in the third quarter. Jane Street Group LLC now owns 110,362 shares of the company’s stock worth $350,000 after acquiring an additional 24,313 shares during the period. Hedge funds and other institutional investors own 51.
63% of the company’s stock. Wall Street Analysts Forecast Growth GPMT has been the subject of a number of research reports. UBS Group dropped their price target on Granite Point Mortgage Trust from $3.
50 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of Granite Point Mortgage Trust in a research note on Tuesday, February 18th.
Finally, Keefe, Bruyette & Woods lowered their target price on shares of Granite Point Mortgage Trust from $2.75 to $2.50 and set a “market perform” rating for the company in a research note on Monday, April 7th.
Insider Activity In other Granite Point Mortgage Trust news, Director Patrick Gregory Halter purchased 34,001 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were bought at an average price of $2.80 per share, for a total transaction of $95,202.
80. Following the acquisition, the director now owns 34,001 shares in the company, valued at $95,202.80.
This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website . Insiders have purchased a total of 34,770 shares of company stock worth $108,849 over the last 90 days.
2.30% of the stock is currently owned by corporate insiders. Granite Point Mortgage Trust Price Performance NYSE:GPMT opened at $1.
65 on Monday. Granite Point Mortgage Trust Inc. has a 1-year low of $1.
61 and a 1-year high of $4.50. The company has a 50-day moving average of $2.
44 and a 200 day moving average of $2.85. The firm has a market cap of $79.
87 million, a PE ratio of -0.38 and a beta of 1.46.
Granite Point Mortgage Trust ( NYSE:GPMT – Get Free Report ) last announced its earnings results on Thursday, February 13th. The company reported ($1.99) EPS for the quarter, missing analysts’ consensus estimates of ($0.
73) by ($1.26). The firm had revenue of $7.
57 million during the quarter, compared to the consensus estimate of $7.90 million. Granite Point Mortgage Trust had a negative return on equity of 14.
08% and a negative net margin of 111.59%. Sell-side analysts anticipate that Granite Point Mortgage Trust Inc.
will post -2.75 EPS for the current fiscal year. Granite Point Mortgage Trust Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th.
Stockholders of record on Tuesday, April 1st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, April 1st.
This represents a $0.20 annualized dividend and a dividend yield of 12.12%.
Granite Point Mortgage Trust’s dividend payout ratio (DPR) is currently -4.56%. Granite Point Mortgage Trust Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Granite Point Mortgage Trust How to Most Effectively Use the MarketBeat Earnings Screener Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors What is the S&P/TSX Index? Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 Want to see what other hedge funds are holding GPMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Granite Point Mortgage Trust Inc.
( NYSE:GPMT – Free Report ). Receive News & Ratings for Granite Point Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Point Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter .
.
