Granite Point Mortgage Trust (GPMT) Receives Media Sentiment Score of 0.30
News headlines about Granite Point Mortgage Trust (NYSE:GPMT) have trended positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Granite Point Mortgage Trust earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.9965263511664 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Granite Point Mortgage Trust Inc to Issue Quarterly Dividend of $0.38 (GPMT) (americanbankingnews.com)
- Granite Point Mortgage Trust (GPMT) and Its Competitors Financial Contrast (americanbankingnews.com)
- Granite Point Mortgage Trust Inc (GPMT) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Two Harbors Investment Corp.: Two Harbors Investment Corp. Announces Fourth Quarter 2017 Common and Preferred Stock Dividends (twst.com)
Shares of Granite Point Mortgage Trust (GPMT) opened at $18.00 on Wednesday. Granite Point Mortgage Trust has a 1 year low of $17.02 and a 1 year high of $19.30.
Several equities research analysts have recently weighed in on GPMT shares. Zacks Investment Research raised shares of Granite Point Mortgage Trust from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Wednesday, September 20th. Compass Point started coverage on shares of Granite Point Mortgage Trust in a research report on Friday, October 27th. They set a “buy” rating and a $19.50 price objective for the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 price objective on shares of Granite Point Mortgage Trust in a research report on Thursday, October 12th. Finally, Bank of America lowered their price objective on shares of Granite Point Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, November 8th. 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 an average price target of $19.58.
In other news, COO Steven Plust bought 2,750 shares of Granite Point Mortgage Trust stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $17.63 per share, with a total value of $48,482.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Two Harbors Investment Corp. bought 66,918 shares of Granite Point Mortgage Trust stock in a transaction on Monday, October 2nd. The shares were purchased at an average cost of $18.80 per share, with a total value of $1,258,058.40. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 288,032 shares of company stock valued at $5,347,375.
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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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