Favorable Press Coverage Somewhat Unlikely to Impact Granite Point Mortgage Trust (GPMT) Share Price

Media headlines about Granite Point Mortgage Trust (NASDAQ:GPMT) have been trending positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.12 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Several equities research analysts have commented on GPMT shares. Bank of America Corporation started coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued a “neutral” rating on the stock. Zacks Investment Research lowered shares of Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Compass Point started coverage on shares of Granite Point Mortgage Trust in a research note on Friday, October 27th. They issued a “buy” rating and a $19.50 price target on the stock. Keefe, Bruyette & Woods started coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued a “market perform” rating and a $19.50 price target on the stock. Finally, J P Morgan Chase & Co started coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They issued an “overweight” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $19.90.

The company also recently declared a special dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, September 29th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, September 28th.

In other news, Director William Reid Sanders purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average cost of $19.16 per share, with a total value of $191,600.00. Following the acquisition, the director now directly owns 17,564 shares of the company’s stock, valued at approximately $336,526.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Two Harbors Investment Corp. purchased 43,212 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $19.08 per share, with a total value of $824,484.96. The disclosure for this purchase can be found here. Insiders have purchased a total of 439,845 shares of company stock valued at $8,314,692 over the last three months.

WARNING: This news story was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2017/11/02/favorable-press-coverage-somewhat-unlikely-to-impact-granite-point-mortgage-trust-gpmt-share-price.html.

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.

Insider Buying and Selling by Quarter for Granite Point Mortgage Trust (NASDAQ:GPMT)

What are top analysts saying about Granite Point Mortgage Trust Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Granite Point Mortgage Trust Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit