GSA Capital Partners LLP Purchases 11,101 Shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT)

GSA Capital Partners LLP boosted its holdings in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT) by 25.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,223 shares of the company’s stock after buying an additional 11,101 shares during the period. GSA Capital Partners LLP’s holdings in Granite Point Mortgage Trust were worth $172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of Granite Point Mortgage Trust during the first quarter worth about $55,000. SG Americas Securities LLC purchased a new position in Granite Point Mortgage Trust in the 3rd quarter worth approximately $66,000. Naviter Wealth LLC increased its holdings in shares of Granite Point Mortgage Trust by 53.6% in the 2nd quarter. Naviter Wealth LLC now owns 21,500 shares of the company’s stock worth $64,000 after buying an additional 7,500 shares during the last quarter. Warther Private Wealth LLC purchased a new stake in shares of Granite Point Mortgage Trust during the 2nd quarter valued at $65,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Granite Point Mortgage Trust by 25.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,684 shares of the company’s stock worth $70,000 after acquiring an additional 4,807 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price target on Granite Point Mortgage Trust from $2.75 to $3.00 and gave the company an “underperform” rating in a research report on Tuesday, November 12th. UBS Group upped their price objective on shares of Granite Point Mortgage Trust from $3.50 to $4.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

Granite Point Mortgage Trust Stock Performance

NYSE:GPMT opened at $3.52 on Monday. Granite Point Mortgage Trust Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $6.41. The business has a 50 day moving average price of $3.09 and a 200-day moving average price of $2.99. The firm has a market cap of $175.86 million, a PE ratio of -0.91 and a beta of 1.79.

Granite Point Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend was Tuesday, October 1st. Granite Point Mortgage Trust’s payout ratio is currently -5.18%.

Granite Point Mortgage Trust Profile

Granite Point Mortgage Trust Inc, a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property.