Granite Point Mortgage Trust (NYSE:GPMT) Given Media Sentiment Rating of 0.30

Headlines about Granite Point Mortgage Trust (NYSE:GPMT) have trended positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Granite Point Mortgage Trust earned a news impact score of 0.30 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.6956656898994 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

GPMT has been the subject of several research reports. Citigroup started coverage on Granite Point Mortgage Trust in a research note on Tuesday, March 27th. They set a “neutral” rating and a $19.00 price target for the company. Raymond James Financial began coverage on Granite Point Mortgage Trust in a research note on Tuesday, March 27th. They issued a “strong-buy” rating and a $21.00 target price for the company. Zacks Investment Research downgraded Granite Point Mortgage Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods upgraded Granite Point Mortgage Trust from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 7th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $19.69.

Granite Point Mortgage Trust stock traded up $0.18 during trading hours on Thursday, reaching $16.90. The company had a trading volume of 198,136 shares, compared to its average volume of 351,170. Granite Point Mortgage Trust has a 12-month low of $16.15 and a 12-month high of $19.30. The company has a quick ratio of 37.88, a current ratio of 37.88 and a debt-to-equity ratio of 0.15.

Granite Point Mortgage Trust (NYSE:GPMT) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.02). The firm had revenue of $37.06 million during the quarter, compared to analysts’ expectations of $22.27 million. research analysts predict that Granite Point Mortgage Trust will post 1.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be given a $0.38 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.99%.

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About Granite Point Mortgage Trust

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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