Wiley BROS. Aintree Capital LLC decreased its holdings in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT – Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,895 shares of the company’s stock after selling 2,925 shares during the period. Wiley BROS. Aintree Capital LLC owned approximately 0.28% of Granite Point Mortgage Trust worth $768,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in GPMT. Captrust Financial Advisors acquired a new position in shares of Granite Point Mortgage Trust in the 2nd quarter worth $29,000. Moloney Securities Asset Management LLC acquired a new stake in Granite Point Mortgage Trust during the 1st quarter worth about $50,000. Cetera Investment Advisers purchased a new stake in Granite Point Mortgage Trust during the first quarter valued at about $50,000. Equitable Holdings Inc. acquired a new position in shares of Granite Point Mortgage Trust in the fourth quarter worth about $55,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Granite Point Mortgage Trust in the fourth quarter worth approximately $56,000. Institutional investors and hedge funds own 47.42% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, JMP Securities restated a “market outperform” rating and issued a $9.00 price target on shares of Granite Point Mortgage Trust in a research report on Thursday, August 17th.
Granite Point Mortgage Trust Price Performance
Granite Point Mortgage Trust stock traded up $0.10 during mid-day trading on Thursday, hitting $5.38. The company’s stock had a trading volume of 69,323 shares, compared to its average volume of 710,768. Granite Point Mortgage Trust Inc. has a 52-week low of $3.97 and a 52-week high of $9.03. The company has a market cap of $277.49 million, a PE ratio of -3.67 and a beta of 1.60. The firm’s 50 day moving average is $5.43 and its 200 day moving average is $5.09.
Granite Point Mortgage Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Monday, July 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.87%. The ex-dividend date of this dividend was Friday, June 30th. Granite Point Mortgage Trust’s dividend payout ratio (DPR) is -55.56%.
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.
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