News coverage about Granite Point Mortgage Trust (NYSE:GPMT) has trended positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.602306918706 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Granite Point Mortgage Trust (NYSE:GPMT) opened at $18.10 on Tuesday. Granite Point Mortgage Trust has a twelve month low of $17.02 and a twelve month high of $19.30.

A number of research firms recently issued reports on GPMT. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.50 price target on shares of Granite Point Mortgage Trust in a report on Thursday, October 12th. Zacks Investment Research cut Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Compass Point began coverage on Granite Point Mortgage Trust in a report on Friday, October 27th. They issued a “buy” rating and a $19.50 price target for the company. Finally, Bank of America cut their price target on Granite Point Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $19.58.

In other news, Director William Roth acquired 10,000 shares of the company’s stock in a transaction on Friday, November 10th. The stock was purchased at an average cost of $17.56 per share, with a total value of $175,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian Taylor acquired 5,600 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $17.87 per share, with a total value of $100,072.00. The disclosure for this purchase can be found here. Insiders purchased 369,771 shares of company stock valued at $6,894,956 over the last ninety days.

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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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