SG Americas Securities LLC Increases Stock Position in Granite Point Mortgage Trust Inc. (NYSE:GPMT)

SG Americas Securities LLC increased its holdings in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT) by 33.1% in the fourth quarter, Holdings Channel reports. The firm owned 27,647 shares of the company’s stock after acquiring an additional 6,878 shares during the period. SG Americas Securities LLC’s holdings in Granite Point Mortgage Trust were worth $77,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GPMT. FMR LLC lifted its holdings in Granite Point Mortgage Trust by 237.2% in the 3rd quarter. FMR LLC now owns 8,296 shares of the company’s stock worth $26,000 after buying an additional 5,836 shares in the last quarter. Intech Investment Management LLC bought a new position in Granite Point Mortgage Trust in the 3rd quarter worth about $46,000. M&T Bank Corp bought a new position in Granite Point Mortgage Trust in the 3rd quarter worth about $61,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Granite Point Mortgage Trust by 25.5% in the second quarter. The Manufacturers Life Insurance Company now owns 23,684 shares of the company’s stock valued at $70,000 after acquiring an additional 4,807 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Granite Point Mortgage Trust by 25.7% in the third quarter. GSA Capital Partners LLP now owns 54,223 shares of the company’s stock valued at $172,000 after acquiring an additional 11,101 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Granite Point Mortgage Trust Stock Up 3.3 %

GPMT stock opened at $3.17 on Friday. Granite Point Mortgage Trust Inc. has a 12-month low of $2.46 and a 12-month high of $5.26. The company has a market cap of $158.47 million, a price-to-earnings ratio of -0.82 and a beta of 1.86. The company has a 50 day moving average of $2.97 and a two-hundred day moving average of $2.97.

Granite Point Mortgage Trust (NYSE:GPMT) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($1.99) EPS for the quarter, missing the consensus estimate of ($0.73) by ($1.26). Granite Point Mortgage Trust had a positive return on equity of 0.95% and a negative net margin of 87.21%. On average, research analysts anticipate that Granite Point Mortgage Trust Inc. will post -2.61 EPS for the current year.

Granite Point Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.20 annualized dividend and a dividend yield of 6.31%. Granite Point Mortgage Trust’s dividend payout ratio (DPR) is -5.18%.

Analyst Ratings Changes

Several research firms recently commented on GPMT. Keefe, Bruyette & Woods raised shares of Granite Point Mortgage Trust from an “underperform” rating to a “market perform” rating and increased their target price for the company from $3.00 to $3.25 in a research note on Tuesday, December 10th. JMP Securities restated a “market perform” rating on shares of Granite Point Mortgage Trust in a research report on Friday, January 10th. Finally, UBS Group upped their price target on shares of Granite Point Mortgage Trust from $3.50 to $4.00 and gave the company a “buy” rating in a research report on Friday, November 15th.

About Granite Point Mortgage Trust

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.