Granite Point Mortgage Trust Inc (NYSE:GPMT) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System raised its position in Granite Point Mortgage Trust Inc (NYSE:GPMT) by 29.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 91,457 shares of the company’s stock after purchasing an additional 20,700 shares during the period. New York State Teachers Retirement System owned about 0.17% of Granite Point Mortgage Trust worth $1,755,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GPMT. Louisiana State Employees Retirement System lifted its position in shares of Granite Point Mortgage Trust by 4.7% in the second quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the company’s stock valued at $383,000 after acquiring an additional 900 shares in the last quarter. 6 Meridian lifted its position in Granite Point Mortgage Trust by 2.4% during the second quarter. 6 Meridian now owns 36,496 shares of the company’s stock worth $700,000 after buying an additional 844 shares during the period. Nisa Investment Advisors LLC lifted its position in Granite Point Mortgage Trust by 91.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,579 shares of the company’s stock worth $88,000 after buying an additional 2,189 shares during the period. Timbercreek Investment Management Inc. lifted its position in Granite Point Mortgage Trust by 79.2% during the second quarter. Timbercreek Investment Management Inc. now owns 1,013,380 shares of the company’s stock worth $19,497,000 after buying an additional 447,885 shares during the period. Finally, WINTON GROUP Ltd lifted its position in Granite Point Mortgage Trust by 18.5% during the second quarter. WINTON GROUP Ltd now owns 56,450 shares of the company’s stock worth $1,083,000 after buying an additional 8,829 shares during the period. 74.23% of the stock is currently owned by institutional investors.

In other news, General Counsel Rebecca B. Sandberg sold 1,610 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $18.92, for a total value of $30,461.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Alpart sold 3,128 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $18.92, for a total value of $59,181.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,075 shares of company stock valued at $133,859. Insiders own 2.00% of the company’s stock.

Shares of Granite Point Mortgage Trust stock traded down $0.23 during trading hours on Monday, reaching $18.65. The stock had a trading volume of 2,937 shares, compared to its average volume of 308,188. The business’s 50 day simple moving average is $19.08. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 13.21 and a beta of 0.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 12.95 and a quick ratio of 12.95. Granite Point Mortgage Trust Inc has a 1 year low of $17.45 and a 1 year high of $19.69.

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 9.01%. Granite Point Mortgage Trust’s dividend payout ratio (DPR) is currently 118.31%.

Separately, Zacks Investment Research upgraded Granite Point Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st.

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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