Granite Point Mortgage Trust Inc (NASDAQ:GPMT) CFO Marcin Urbaszek acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average cost of $17.37 per share, for a total transaction of $52,110.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Granite Point Mortgage Trust Inc (NASDAQ GPMT) traded down $0.22 on Monday, reaching $17.56. The company’s stock had a trading volume of 887,125 shares, compared to its average volume of 716,100. Granite Point Mortgage Trust Inc has a one year low of $17.02 and a one year high of $19.30.

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

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A number of research analysts recently weighed in on the company. Bank of America Corporation assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “neutral” rating on the stock. Keefe, Bruyette & Woods assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “market perform” rating and a $19.50 price objective on the stock. JMP Securities assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price objective on the stock. J P Morgan Chase & Co assumed coverage on Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 price objective on the stock. Finally, Zacks Investment Research lowered Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $19.58.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. purchased a new stake in Granite Point Mortgage Trust during the third quarter worth $776,000. Wells Fargo & Company MN boosted its position 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 purchasing an additional 2,832 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Granite Point Mortgage Trust during the third quarter worth $552,000. Sei Investments Co. purchased a new stake in Granite Point Mortgage Trust during the third quarter worth $225,000. Finally, IndexIQ Advisors LLC purchased a new stake in Granite Point Mortgage Trust during the third quarter worth $220,000.

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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