Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. purchased 73,439 shares of the stock in a transaction dated Tuesday, September 19th. The shares were acquired at an average price of $18.92 per share, with a total value of $1,389,465.88. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Two Harbors Investment Corp. also recently made the following trade(s):

  • On Friday, September 8th, Two Harbors Investment Corp. purchased 8,300 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average price of $19.05 per share, with a total value of $158,115.00.
  • On Wednesday, August 30th, Two Harbors Investment Corp. purchased 12,912 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average price of $19.05 per share, with a total value of $245,973.60.
  • On Thursday, August 24th, Two Harbors Investment Corp. purchased 2,394 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average price of $19.05 per share, with a total value of $45,605.70.
  • On Friday, August 18th, Two Harbors Investment Corp. purchased 24,488 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average price of $19.10 per share, with a total value of $467,720.80.
  • On Thursday, August 17th, Two Harbors Investment Corp. purchased 32,300 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average price of $19.09 per share, with a total value of $616,607.00.
  • On Friday, August 11th, Two Harbors Investment Corp. purchased 43,212 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average price of $19.08 per share, with a total value of $824,484.96.

Granite Point Mortgage Trust Inc (NASDAQ GPMT) opened at 19.03 on Friday. The company’s 50-day moving average is $19.12 and its 200 day moving average is $19.06. Granite Point Mortgage Trust Inc has a 1-year low of $18.54 and a 1-year high of $19.30. The company’s market cap is $822.76 million.

The company also recently disclosed a special dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th will be paid a $0.32 dividend. The ex-dividend date is Thursday, September 28th.

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Several equities research analysts have recently commented on GPMT shares. J P Morgan Chase & Co started coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods started coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set a “market perform” rating and a $19.50 price target for the company. JMP Securities started coverage on shares of Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price target for the company. Bank of America Corporation started coverage on shares of 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 shares of Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday. Two equities research 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 has an average rating of “Buy” and an average target price of $20.25.

Large investors have recently added to or reduced their stakes in the business. Kennedy Capital Management Inc. acquired a new stake in Granite Point Mortgage Trust during the 2nd quarter valued at approximately $5,673,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new stake in Granite Point Mortgage Trust during the 2nd quarter valued at approximately $218,000. Empyrean Capital Partners LP acquired a new stake in Granite Point Mortgage Trust during the 2nd quarter valued at approximately $5,470,000. Goldman Sachs Group Inc. acquired a new stake in Granite Point Mortgage Trust during the 2nd quarter valued at approximately $45,408,000. Finally, Jacobs Asset Management LLC acquired a new stake in Granite Point Mortgage Trust during the 2nd quarter valued at approximately $13,739,000.

Granite Point Mortgage Trust Company Profile

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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