GSA Capital Partners LLP Acquires 11,101 Shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT)

GSA Capital Partners LLP raised its holdings in Granite Point Mortgage Trust Inc. (NYSE:GPMT) by 25.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,223 shares of the company’s stock after buying an additional 11,101 shares during the period. GSA Capital Partners LLP owned about 0.11% of Granite Point Mortgage Trust worth $172,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust in the 3rd quarter worth about $506,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Granite Point Mortgage Trust by 115.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 209,802 shares of the company’s stock worth $1,001,000 after purchasing an additional 112,523 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Granite Point Mortgage Trust in the second quarter worth approximately $78,000. Public Employees Retirement System of Ohio boosted its position in shares of Granite Point Mortgage Trust by 71.4% during the first quarter. Public Employees Retirement System of Ohio now owns 56,189 shares of the company’s stock valued at $268,000 after buying an additional 23,405 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Granite Point Mortgage Trust by 13.4% during the second quarter. Bank of New York Mellon Corp now owns 184,943 shares of the company’s stock worth $549,000 after buying an additional 21,810 shares in the last quarter. 51.63% of the stock is owned by institutional investors.

Granite Point Mortgage Trust Stock Performance

Shares of Granite Point Mortgage Trust stock opened at $3.52 on Monday. The business’s fifty day simple moving average is $3.09 and its 200 day simple moving average is $2.99. Granite Point Mortgage Trust Inc. has a 12 month low of $2.46 and a 12 month high of $6.41. The firm has a market capitalization of $175.86 million, a P/E ratio of -0.91 and a beta of 1.79.

Granite Point Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.20 annualized dividend and a yield of 5.68%. Granite Point Mortgage Trust’s payout ratio is currently -5.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on GPMT shares. UBS Group raised their price objective on Granite Point Mortgage Trust from $3.50 to $4.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods increased their target price on shares of Granite Point Mortgage Trust from $2.75 to $3.00 and gave the company an “underperform” rating in a report on Tuesday, November 12th.

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.