Is Granite Point Mortgage Trust Inc (NYSE: GPMT) The Best Stock To Invest In?

After Hours

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Stocks Info

Granite Point Mortgage Trust Inc is listed on the NYSE in the Real Estate sector while operating in the REIT – Mortgage industry. The current market capitalization of Granite Point Mortgage Trust Inc is $133.29M. A total of 0.26 million shares were traded on the day, compared to an average of 458.28K shares.

In the most recent transaction, KASNET STEPHEN G sold 27,027 shares of GPMT for 3.08 per share on Jun 05 ’24. After the transaction, the Director now owns 121,066 company shares. In a previous transaction on Jun 05 ’24, DEHNE TANUJA M sold 5,717 shares at 3.11 per share. GPMT shares that Director owns now total 50,710.

Among the insiders who bought shares, TAYLOR JOHN A acquired of 5,500 shares on Nov 16 ’23 at a per-share price of $5.06. This resulted in the President and CEO holding 275,013 shares of GPMT after the transaction. In another insider transaction, TAYLOR JOHN A bought 4,957 shares at $5.04 per share on Nov 15 ’23. Company shares held by the President and CEO now total 269,513.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. GPMT’s most recent ex-dividend date was 7/1/2024 when it declared a $0.05 quarterly dividend that was paid in cash on 7/15/2024. Previously, the company paid the dividend on 4/15/2024 with an ex-dividend date of 3/28/2024. The GPMT stock dividend was $0.15 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, GPMT has a high of $6.41 and a low of $2.46.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $13.90, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GPMT is Buy with a score of 3.50.

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