SG Americas Securities LLC Acquires 6,878 Shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT)

SG Americas Securities LLC raised its position in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT) by 33.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,647 shares of the company’s stock after purchasing an additional 6,878 shares during the period. SG Americas Securities LLC owned about 0.06% of Granite Point Mortgage Trust worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Granite Point Mortgage Trust by 121.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 281,251 shares of the company’s stock worth $892,000 after buying an additional 154,202 shares during the last quarter. Barclays PLC lifted its holdings in shares of Granite Point Mortgage Trust by 64.4% in the 3rd quarter. Barclays PLC now owns 115,750 shares of the company’s stock valued at $367,000 after buying an additional 45,323 shares during the period. M&T Bank Corp acquired a new position in shares of Granite Point Mortgage Trust in the 3rd quarter valued at about $61,000. Jane Street Group LLC raised its holdings in Granite Point Mortgage Trust by 28.3% in the 3rd quarter. Jane Street Group LLC now owns 110,362 shares of the company’s stock worth $350,000 after purchasing an additional 24,313 shares during the period. Finally, FMR LLC raised its holdings in Granite Point Mortgage Trust by 237.2% in the 3rd quarter. FMR LLC now owns 8,296 shares of the company’s stock worth $26,000 after purchasing an additional 5,836 shares during the period. 51.63% of the stock is owned by institutional investors.

Granite Point Mortgage Trust Trading Up 3.3 %

Shares of NYSE GPMT opened at $3.17 on Friday. The stock has a market cap of $158.47 million, a P/E ratio of -0.82 and a beta of 1.86. Granite Point Mortgage Trust Inc. has a 12-month low of $2.46 and a 12-month high of $5.26. The business’s fifty day simple moving average is $2.97 and its 200-day simple moving average is $2.97.

Granite Point Mortgage Trust (NYSE:GPMT) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($1.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.73) by ($1.26). Granite Point Mortgage Trust had a negative net margin of 87.21% and a positive return on equity of 0.95%. On average, equities analysts forecast that Granite Point Mortgage Trust Inc. will post -2.61 EPS for the current fiscal year.

Granite Point Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date was Tuesday, December 31st. Granite Point Mortgage Trust’s dividend payout ratio is currently -5.18%.

Analyst Upgrades and Downgrades

GPMT has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Granite Point Mortgage Trust in a report on Friday, January 10th. Keefe, Bruyette & Woods upgraded Granite Point Mortgage Trust from an “underperform” rating to a “market perform” rating and upped their price target for the company from $3.00 to $3.25 in a research report on Tuesday, December 10th. Finally, UBS Group increased their price objective on Granite Point Mortgage Trust from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

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.