Oak Thistle LLC purchased a new stake in Granite Point Mortgage Trust Inc. (NYSE:GPMT – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,226 shares of the company’s stock, valued at approximately $67,000. A number of other institutional
The specialized lenders known as mortgage real estate investment trusts have a prominent spot on the injured list of players in commercial real estate. Since rising rates started to weigh on real estate borrowers in early 2022, shares of two mortgage REITs— Starwood Property Trust and Blackstone Mortgage Trust —have fallen 15% and 35%, respectively.
Granite Point Mortgage Trust (NYSE:GPMT – Free Report) had its price objective reduced by UBS Group from $6.50 to $6.00 in a research report report published on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the stock. Other equities research analysts also recently issued research reports about the company. Raymond James