Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. bought 30,655 shares of the stock in a transaction on Friday, September 22nd. The shares were acquired at an average cost of $18.84 per share, for a total transaction of $577,540.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Tuesday, September 19th, Two Harbors Investment Corp. bought 73,439 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $18.92 per share, for a total transaction of $1,389,465.88.
  • On Friday, September 8th, Two Harbors Investment Corp. bought 8,300 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $158,115.00.
  • On Wednesday, August 30th, Two Harbors Investment Corp. bought 12,912 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $245,973.60.
  • On Thursday, August 24th, Two Harbors Investment Corp. bought 2,394 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.05 per share, for a total transaction of $45,605.70.
  • On Friday, August 18th, Two Harbors Investment Corp. bought 24,488 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.10 per share, for a total transaction of $467,720.80.
  • On Thursday, August 17th, Two Harbors Investment Corp. bought 32,300 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.09 per share, for a total transaction of $616,607.00.
  • On Friday, August 11th, Two Harbors Investment Corp. bought 43,212 shares of Granite Point Mortgage Trust stock. The shares were acquired at an average cost of $19.08 per share, for a total transaction of $824,484.96.

Granite Point Mortgage Trust Inc (NASDAQ:GPMT) traded down 0.05% during midday trading on Friday, reaching $19.02. 133,519 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $19.12 and a 200 day moving average price of $19.06. Granite Point Mortgage Trust Inc has a 52 week low of $18.54 and a 52 week high of $19.30. The company’s market cap is $822.33 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 dividend of $0.32 per share. The ex-dividend date is Thursday, September 28th.

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Several equities analysts have commented on GPMT shares. Zacks Investment Research raised shares of Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday. 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 target price on the stock. 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 on the stock. 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 target price on the stock. Finally, J P Morgan Chase & Co assumed 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 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.25.

Several institutional investors have recently added to or reduced their stakes in the company. Bienville Capital Management LLC acquired a new position in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $191,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $218,000. Wells Fargo & Company MN acquired a new position in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $393,000. Balyasny Asset Management LLC acquired a new position in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $2,117,000. Finally, Empyrean Capital Partners LP acquired a new position in shares of Granite Point Mortgage Trust during the 2nd quarter worth about $5,470,000.

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.

Insider Buying and Selling by Quarter for Granite Point Mortgage Trust (NASDAQ:GPMT)

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