News stories about Granite Point Mortgage Trust (NASDAQ:GPMT) have been trending positive on Thursday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.4399375806319 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Granite Point Mortgage Trust (NASDAQ:GPMT) opened at 18.96 on Thursday. The company has a 50-day moving average of $19.00 and a 200-day moving average of $19.00. Granite Point Mortgage Trust has a 1-year low of $18.61 and a 1-year high of $19.30. The stock’s market capitalization is $819.74 million.

A number of research firms recently weighed in on GPMT. Bank of America Corporation began coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued a “neutral” rating for the company. JMP Securities began coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued an “outperform” rating and a $20.50 price objective for the company. Keefe, Bruyette & Woods began coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued a “market perform” rating and a $19.50 price objective for the company. Finally, J P Morgan Chase & Co began coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued an “overweight” rating and a $20.00 price objective for the company.

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In related news, insider Stephen Alpart bought 25,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was bought at an average cost of $19.50 per share, with a total value of $501,150.00. Following the completion of the purchase, the insider now owns 45,700 shares of the company’s stock, valued at approximately $891,150. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Marcin Urbaszek bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were bought at an average cost of $19.50 per share, with a total value of $97,500.00. Following the completion of the purchase, the chief financial officer now directly owns 18,500 shares of the company’s stock, valued at approximately $360,750. The disclosure for this purchase can be found here. Insiders have purchased 57,200 shares of company stock valued at $1,115,400 over the last ninety days.

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.

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