Granite Point Mortgage Trust Inc. (NYSE:GPMT – Get Free Report) CEO John A. Taylor bought 5,500 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were acquired at an average cost of $5.06 per share, with a total value of $27,830.00. Following the transaction, the chief executive officer now owns 275,013 shares in the company, valued at approximately $1,391,565.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Granite Point Mortgage Trust Stock Performance
Shares of NYSE GPMT traded up $0.12 during trading hours on Friday, reaching $5.20. The stock had a trading volume of 427,704 shares, compared to its average volume of 662,519. The business’s fifty day moving average is $4.71 and its two-hundred day moving average is $4.99. Granite Point Mortgage Trust Inc. has a twelve month low of $3.97 and a twelve month high of $7.07.
Granite Point Mortgage Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 15.38%. Granite Point Mortgage Trust’s payout ratio is -58.82%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $9.00 price objective on shares of Granite Point Mortgage Trust in a report on Thursday, August 17th.
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.
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