Granite Point Mortgage Trust (NYSE:GPMT – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, February 14th. Analysts expect Granite Point Mortgage Trust to post earnings of ($0.46) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Granite Point Mortgage Trust Price Performance
Shares of GPMT stock opened at $5.30 on Tuesday. Granite Point Mortgage Trust has a 1 year low of $3.97 and a 1 year high of $6.41. The firm has a fifty day moving average price of $5.76 and a 200-day moving average price of $5.28. The company has a market cap of $273.37 million, a price-to-earnings ratio of -3.90 and a beta of 1.85.
Granite Point Mortgage Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a $0.20 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.80 annualized dividend and a yield of 15.09%. Granite Point Mortgage Trust’s payout ratio is -58.82%.
Analyst Ratings Changes
Insider Activity at Granite Point Mortgage Trust
In other news, CEO John A. Taylor bought 5,500 shares of the stock in a transaction dated Thursday, November 16th. The stock was purchased at an average cost of $5.06 per share, for a total transaction of $27,830.00. Following the transaction, the chief executive officer now owns 275,013 shares of the company’s stock, valued at $1,391,565.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Granite Point Mortgage Trust
Several institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC lifted its holdings in shares of Granite Point Mortgage Trust by 50.2% in the 4th quarter. Hsbc Holdings PLC now owns 51,518 shares of the company’s stock valued at $306,000 after acquiring an additional 17,220 shares during the last quarter. UBS Group AG lifted its stake in shares of Granite Point Mortgage Trust by 53.9% in the 4th quarter. UBS Group AG now owns 95,307 shares of the company’s stock valued at $566,000 after purchasing an additional 33,375 shares during the last quarter. Norges Bank bought a new stake in shares of Granite Point Mortgage Trust in the 4th quarter valued at approximately $745,000. Vanguard Group Inc. lifted its stake in shares of Granite Point Mortgage Trust by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,790,952 shares of the company’s stock valued at $13,620,000 after purchasing an additional 39,913 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Granite Point Mortgage Trust by 50.0% in the 3rd quarter. Deutsche Bank AG now owns 30,007 shares of the company’s stock valued at $146,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors own 47.42% of the company’s stock.
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.
- Five stocks we like better than Granite Point Mortgage Trust
- What is the Euro STOXX 50 Index?
- 3 attractive stocks that insiders are buying
- Energy and Oil Stocks Explained
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Wendy’s vs Shake Shack: Out with the new, in with the old?
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.