Positive Media Coverage Somewhat Unlikely to Affect Granite Point Mortgage Trust (GPMT) Share Price
Media headlines about Granite Point Mortgage Trust (NYSE:GPMT) have been trending positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog 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 0.30 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.6956656898994 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
GPMT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Granite Point Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 25th. Keefe, Bruyette & Woods upgraded Granite Point Mortgage Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.58.
Shares of Granite Point Mortgage Trust (NYSE:GPMT) opened at $17.16 on Wednesday. Granite Point Mortgage Trust has a 1 year low of $16.15 and a 1 year high of $19.30. The company has a market capitalization of $741.91 and a price-to-earnings ratio of 13.95.
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.
Receive News & Ratings for Granite Point Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Point Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.