Granite Point Mortgage Trust Inc (GPMT) CFO Marcin Urbaszek Acquires 3,000 Shares of Stock

Granite Point Mortgage Trust Inc (NASDAQ:GPMT) CFO Marcin Urbaszek acquired 3,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $17.37 per share, with a total value of $52,110.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of 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. Stockholders 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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Several research analysts have commented on GPMT shares. J P Morgan Chase & Co started coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They set an “overweight” rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods started coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They set a “market perform” rating and a $19.50 price objective for the company. JMP Securities assumed coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price objective for the company. Bank of America Corporation assumed coverage on Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set a “neutral” rating for the company. Finally, Zacks Investment Research upgraded Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, September 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Granite Point Mortgage Trust currently has an average rating of “Buy” and a consensus target price of $19.58.

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. bought a new stake in shares of Granite Point Mortgage Trust in the second quarter valued at about $45,408,000. Empyrean Capital Partners LP bought a new stake in shares of Granite Point Mortgage Trust in the second quarter valued at about $5,470,000. Balyasny Asset Management LLC bought a new stake in shares of Granite Point Mortgage Trust in the second quarter valued at about $2,117,000. Kennedy Capital Management Inc. bought a new stake in shares of Granite Point Mortgage Trust in the second quarter valued at about $5,673,000. Finally, Jacobs Asset Management LLC bought a new stake in shares of Granite Point Mortgage Trust in the second quarter valued at about $13,739,000.

About Granite Point Mortgage Trust

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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