Granite Point Mortgage Trust (GPMT) Receives News Sentiment Score of 0.31
Headlines about Granite Point Mortgage Trust (NASDAQ:GPMT) have trended positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.9321334678913 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Granite Point Mortgage Trust (GPMT) opened at 19.04 on Friday. The company has a 50 day moving average of $19.09 and a 200-day moving average of $19.06. Granite Point Mortgage Trust has a one year low of $18.13 and a one year high of $19.30. The stock’s market cap is $823.19 million.
GPMT has been the subject of a number of research reports. Keefe, Bruyette & Woods initiated coverage on shares of Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “market perform” rating and a $19.50 target price for the company. Bank of America Corporation initiated coverage on shares of Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set a “neutral” rating for the company. JMP Securities initiated coverage on shares of Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 target price for the company. Finally, J P Morgan Chase & Co initiated coverage on shares of Granite Point Mortgage Trust in a report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 target price for the company.
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In related news, insider Stephen Alpart acquired 25,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was purchased at an average price of $19.50 per share, for a total transaction of $501,150.00. Following the transaction, the insider now owns 45,700 shares in the company, valued at approximately $891,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Two Harbors Investment Corp. purchased 43,212 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $19.08 per share, with a total value of $824,484.96. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 182,506 shares of company stock valued at $3,507,392.
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.
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