Granite Point Mortgage Trust Inc (GPMT) Stake Raised by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Granite Point Mortgage Trust Inc (NYSE:GPMT) by 1,550.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,400 shares of the company’s stock after purchasing an additional 24,800 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Granite Point Mortgage Trust were worth $468,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in Granite Point Mortgage Trust by 449.1% during the fourth quarter. BlackRock Inc. now owns 3,772,127 shares of the company’s stock valued at $66,918,000 after buying an additional 3,085,187 shares during the period. Goldman Sachs Group Inc. raised its position in Granite Point Mortgage Trust by 25.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,436,180 shares of the company’s stock valued at $60,957,000 after buying an additional 694,885 shares during the period. State Treasurer State of Michigan acquired a new position in Granite Point Mortgage Trust during the fourth quarter valued at $26,233,000. Delphi Financial Group Inc. acquired a new position in Granite Point Mortgage Trust during the fourth quarter valued at $12,094,000. Finally, Boston Partners acquired a new position in Granite Point Mortgage Trust during the fourth quarter valued at $11,977,000. 66.87% of the stock is currently owned by institutional investors.

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Shares of NYSE GPMT opened at $16.86 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 37.88 and a quick ratio of 37.88. Granite Point Mortgage Trust Inc has a one year low of $16.15 and a one year high of $19.30.

Granite Point Mortgage Trust (NYSE:GPMT) last issued its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $37.06 million during the quarter, compared to analysts’ expectations of $22.27 million. equities research analysts anticipate that Granite Point Mortgage Trust Inc will post 1.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.52 dividend on an annualized basis and a yield of 9.02%.

GPMT has been the topic of several recent analyst reports. Zacks Investment Research raised Granite Point Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd. Citigroup initiated coverage on Granite Point Mortgage Trust in a research report on Tuesday, March 27th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, Raymond James Financial initiated coverage on Granite Point Mortgage Trust in a research report on Tuesday, March 27th. They set a “strong-buy” rating and a $21.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.69.

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Granite Point Mortgage Trust 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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Institutional Ownership by Quarter for Granite Point Mortgage Trust (NYSE:GPMT)

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