Granite Point Mortgage Trust Inc (NYSE:GPMT)’s traded shares stood at 0.33 million during the last session, with the company’s beta value hitting 1.77. At the close of trading, the stock’s price was $2.38, to imply an increase of 0.42% or $0.01 in intraday trading. The GPMT share’s 52-week high remains $3.66, putting it -53.78% down since that peak but still an impressive 32.35% since price per share fell to its 52-week low of $1.61.
Analysts have given a consensus recommendation of Buy for Granite Point Mortgage Trust Inc (GPMT), translating to a mean rating of 2.33. Of 4 analyst(s) looking at the stock, 1 analyst(s) give GPMT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy.
Granite Point Mortgage Trust Inc (NYSE:GPMT) trade information
After registering a 0.42% upside in the last session, Granite Point Mortgage Trust Inc (GPMT) has traded red over the past five days. The 5-day price performance for the stock is -3.64%, and 35.23% over 30 days. With these gigs, the year-to-date price performance is -14.70%.
The extremes give us $3.25 and $3.25 for target low and target high price respectively. As such, GPMT has been trading -36.55% off suggested target high and -36.55% from its likely low.
GPMT Dividends
Granite Point Mortgage Trust Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Granite Point Mortgage Trust Inc has a forward dividend ratio of 0.20, with the share yield ticking at 8.40% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.81 million shares, or about 5.5196% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $8.35 million.
We also have VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Granite Point Mortgage Trust Inc (GPMT) shares. Going by data provided on Dec 31, 2024 , VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund holds roughly 1.58 shares. This is just over 3.26% of the total shares, with a market valuation of $3.75 million. Data from the same date shows that the other fund manager holds a little less at 1.36, or 2.81% of the shares, all valued at about 3.24 million.
