11,739 Shares in Granite Point Mortgage Trust Inc. (GPMT) Acquired by IndexIQ Advisors LLC

IndexIQ Advisors LLC bought a new stake in Granite Point Mortgage Trust Inc. (NYSE:GPMT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,739 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GPMT. Goldman Sachs Group Inc. acquired a new stake in Granite Point Mortgage Trust in the second quarter valued at approximately $45,408,000. Jacobs Asset Management LLC acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth $13,739,000. Kennedy Capital Management Inc. acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth $5,673,000. Empyrean Capital Partners LP acquired a new stake in shares of Granite Point Mortgage Trust during the second quarter worth $5,470,000. Finally, American Century Companies Inc. acquired a new stake in shares of Granite Point Mortgage Trust during the third quarter worth $4,589,000. Institutional investors own 16.34% of the company’s stock.

GPMT has been the subject of several research reports. upgraded shares of Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, October 24th. Bank of America Corporation initiated coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They set a “neutral” rating for the company. initiated coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They set a “market perform” rating and a $19.50 price objective for the company. initiated coverage on shares of Granite Point Mortgage Trust in a research note on Friday, October 27th. They set a “buy” rating and a $19.50 price objective for the company. Finally, initiated coverage on shares of Granite Point Mortgage Trust in a research note on Tuesday, July 18th. They set an “outperform” rating and a $20.50 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Granite Point Mortgage Trust currently has a consensus rating of “Buy” and a consensus price target of $19.58.

In other Granite Point Mortgage Trust news, insider Stephen Alpart bought 2,882 shares of Granite Point Mortgage Trust stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $17.70 per share, with a total value of $51,011.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marcin Urbaszek acquired 3,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average cost of $17.37 per share, with a total value of $52,110.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 433,515 shares of company stock valued at $8,122,308.

Granite Point Mortgage Trust Inc. (NYSE:GPMT) opened at $17.78 on Wednesday. Granite Point Mortgage Trust Inc. has a fifty-two week low of $17.02 and a fifty-two week high of $19.30.

The firm also recently announced 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.

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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.

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

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