Great West Life Assurance Co. Can Purchases 15,411 Shares of Granite Point Mortgage Trust Inc (NYSE:GPMT)

Great West Life Assurance Co. Can raised its position in shares of Granite Point Mortgage Trust Inc (NYSE:GPMT) by 27.6% in the first quarter, HoldingsChannel.com reports. The firm owned 71,172 shares of the company’s stock after buying an additional 15,411 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Granite Point Mortgage Trust were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GPMT. New York State Teachers Retirement System lifted its stake in shares of Granite Point Mortgage Trust by 42.0% during the 4th quarter. New York State Teachers Retirement System now owns 52,756 shares of the company’s stock worth $951,000 after buying an additional 15,600 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Granite Point Mortgage Trust by 6.1% during the 4th quarter. Arizona State Retirement System now owns 66,922 shares of the company’s stock worth $1,207,000 after buying an additional 3,858 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Granite Point Mortgage Trust by 22.6% during the 4th quarter. Rhumbline Advisers now owns 125,951 shares of the company’s stock worth $2,271,000 after buying an additional 23,196 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Granite Point Mortgage Trust by 422.4% during the 4th quarter. SG Americas Securities LLC now owns 33,572 shares of the company’s stock worth $605,000 after buying an additional 27,145 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Granite Point Mortgage Trust by 13.1% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 29,299 shares of the company’s stock worth $528,000 after buying an additional 3,401 shares during the last quarter. Institutional investors and hedge funds own 73.83% of the company’s stock.

Separately, Zacks Investment Research cut shares of Granite Point Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $20.17.

NYSE GPMT opened at $18.93 on Thursday. The company has a quick ratio of 12.95, a current ratio of 12.95 and a debt-to-equity ratio of 1.49. The stock has a market cap of $1.02 billion, a PE ratio of 13.03 and a beta of 0.39. Granite Point Mortgage Trust Inc has a 52-week low of $17.45 and a 52-week high of $19.69.

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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.

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

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