Granite Point Mortgage Trust Inc (NASDAQ:GPMT) major shareholder Two Harbors Investment Corp. bought 43,212 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $824,484.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Granite Point Mortgage Trust Inc (NASDAQ GPMT) traded up 0.73% during trading on Friday, hitting $19.28. The stock had a trading volume of 54,342 shares. The stock’s market capitalization is $833.57 million. The firm has a 50 day moving average price of $19.02 and a 200-day moving average price of $19.02. Granite Point Mortgage Trust Inc has a 52 week low of $18.61 and a 52 week high of $19.30.

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Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN purchased a new stake in Granite Point Mortgage Trust during the second quarter valued at $393,000. Bienville Capital Management LLC purchased a new stake in Granite Point Mortgage Trust during the second quarter valued at $191,000. Finally, Kennedy Capital Management Inc. purchased a new stake in Granite Point Mortgage Trust during the second quarter valued at $5,673,000.

A number of equities analysts have recently weighed in on the company. Bank of America Corporation assumed coverage on Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set a “neutral” rating on the stock. JMP Securities assumed coverage on Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “outperform” rating and a $20.50 target price on the stock. Keefe, Bruyette & Woods assumed coverage on Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set a “market perform” rating and a $19.50 target price on the stock. Finally, J P Morgan Chase & Co assumed coverage on Granite Point Mortgage Trust in a research report on Tuesday, July 18th. They set an “overweight” rating and a $20.00 target price on the stock.

Granite Point Mortgage Trust Company Profile

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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