Granite Point Mortgage Trust Inc (NASDAQ:GPMT) insider Stephen Alpart acquired 2,882 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average price of $17.70 per share, with a total value of $51,011.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Granite Point Mortgage Trust Inc (GPMT) traded up $0.22 during midday trading on Tuesday, reaching $17.78. 1,016,063 shares of the company’s stock traded hands, compared to its average volume of 716,100. Granite Point Mortgage Trust Inc has a 12 month low of $17.02 and a 12 month high of $19.30.

The company also recently declared a special dividend, which was paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, September 28th.

COPYRIGHT VIOLATION WARNING: “Granite Point Mortgage Trust Inc (GPMT) Insider Acquires $51,011.40 in Stock” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/11/14/granite-point-mortgage-trust-inc-gpmt-insider-acquires-51011-40-in-stock.html.

Several institutional investors have recently modified their holdings of GPMT. Bienville Capital Management LLC acquired a new position in shares of Granite Point Mortgage Trust in the 2nd quarter valued at $191,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Granite Point Mortgage Trust in the 2nd quarter valued at $218,000. IndexIQ Advisors LLC acquired a new position in shares of Granite Point Mortgage Trust in the 3rd quarter valued at $220,000. Sei Investments Co. acquired a new position in shares of Granite Point Mortgage Trust in the 3rd quarter valued at $225,000. Finally, California State Teachers Retirement System acquired a new position in shares of Granite Point Mortgage Trust in the 3rd quarter valued at $307,000.

Several research analysts have commented on GPMT shares. 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 report on Wednesday, September 20th. Compass Point started coverage on shares of Granite Point Mortgage Trust in a report on Friday, October 27th. They set a “buy” rating and a $19.50 price target for the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.50 price target on shares of Granite Point Mortgage Trust in a report on Thursday, October 12th. Bank of America Corporation lowered their price target on shares of Granite Point Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Finally, JMP Securities started coverage on shares of Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price target for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.58.

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)

Receive News & Ratings for Granite Point Mortgage Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Point Mortgage Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.