Tower Research Capital LLC TRC Acquires New Shares in Granite Point Mortgage Trust Inc (NYSE:GPMT)

Tower Research Capital LLC TRC acquired a new position in shares of Granite Point Mortgage Trust Inc (NYSE:GPMT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,458 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its position in Granite Point Mortgage Trust by 6.8% in the second quarter. BlackRock Inc. now owns 9,019,413 shares of the company’s stock worth $173,083,000 after buying an additional 573,816 shares during the period. Vanguard Group Inc. lifted its stake in Granite Point Mortgage Trust by 5.4% in the second quarter. Vanguard Group Inc. now owns 5,089,620 shares of the company’s stock valued at $97,670,000 after buying an additional 261,627 shares during the last quarter. Invesco Ltd. lifted its stake in Granite Point Mortgage Trust by 12.3% in the second quarter. Invesco Ltd. now owns 1,650,042 shares of the company’s stock valued at $31,665,000 after buying an additional 180,208 shares during the last quarter. Timbercreek Investment Management Inc. boosted its holdings in shares of Granite Point Mortgage Trust by 13.9% during the third quarter. Timbercreek Investment Management Inc. now owns 1,153,916 shares of the company’s stock valued at $21,624,000 after acquiring an additional 140,536 shares during the period. Finally, KAMES CAPITAL plc boosted its holdings in shares of Granite Point Mortgage Trust by 3.9% during the third quarter. KAMES CAPITAL plc now owns 757,950 shares of the company’s stock valued at $14,204,000 after acquiring an additional 28,788 shares during the period. Hedge funds and other institutional investors own 73.52% of the company’s stock.

Several research firms have recently commented on GPMT. Zacks Investment Research lowered shares of Granite Point Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Raymond James downgraded shares of Granite Point Mortgage Trust from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $21.00 to $20.50 in a research report on Tuesday, August 13th.

Shares of NYSE:GPMT opened at $18.35 on Friday. The firm’s 50 day moving average is $18.30 and its two-hundred day moving average is $18.64. Granite Point Mortgage Trust Inc has a 52 week low of $17.45 and a 52 week high of $19.69. The firm has a market capitalization of $1.01 billion, a P/E ratio of 12.92 and a beta of 0.40. The company has a current ratio of 28.17, a quick ratio of 28.17 and a debt-to-equity ratio of 1.47.

Granite Point Mortgage Trust Company Profile

Granite Point Mortgage Trust Inc 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. As of December 31, 2018, its investment portfolio includes 94 commercial real estate debt investments.

Featured Story: Why are percentage decliners important?

Want to see what other hedge funds are holding GPMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Granite Point Mortgage Trust Inc (NYSE:GPMT).

Institutional Ownership by Quarter for Granite Point Mortgage Trust (NYSE:GPMT)

Receive News & Ratings for Granite Point Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Point Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.