Granite Point Mortgage Trust Inc. (NYSE:GPMT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in Granite Point Mortgage Trust Inc. (NYSE:GPMT) by 15.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,428 shares of the company’s stock after selling 4,014 shares during the period. Public Employees Retirement System of Ohio’s holdings in Granite Point Mortgage Trust were worth $68,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GPMT. Wolverine Asset Management LLC purchased a new position in Granite Point Mortgage Trust in the third quarter valued at $506,000. GSA Capital Partners LLP raised its position in Granite Point Mortgage Trust by 25.7% in the 3rd quarter. GSA Capital Partners LLP now owns 54,223 shares of the company’s stock valued at $172,000 after purchasing an additional 11,101 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Granite Point Mortgage Trust in the 2nd quarter valued at about $78,000. Bank of New York Mellon Corp grew its position in shares of Granite Point Mortgage Trust by 13.4% during the second quarter. Bank of New York Mellon Corp now owns 184,943 shares of the company’s stock worth $549,000 after buying an additional 21,810 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Granite Point Mortgage Trust by 8.7% during the second quarter. Hsbc Holdings PLC now owns 59,938 shares of the company’s stock worth $170,000 after buying an additional 4,805 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Granite Point Mortgage Trust from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $3.00 to $3.25 in a research note on Tuesday, December 10th. UBS Group lifted their price objective on shares of Granite Point Mortgage Trust from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Granite Point Mortgage Trust Stock Down 1.3 %

Shares of Granite Point Mortgage Trust stock opened at $2.93 on Monday. The firm has a market capitalization of $146.38 million, a P/E ratio of -0.76 and a beta of 1.83. Granite Point Mortgage Trust Inc. has a 52 week low of $2.46 and a 52 week high of $6.41. The firm’s 50 day moving average is $3.23 and its two-hundred day moving average is $3.00.

Granite Point Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 annualized dividend and a yield of 6.83%. Granite Point Mortgage Trust’s dividend payout ratio is currently -5.18%.

Granite Point Mortgage Trust Company 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.