In a report released today, Fred Small from Compass Point reiterated a Buy rating on Granite Point Mortgage Trust Inc (NYSE: GPMT), with a price target of $20. The company’s shares opened today at $18.80, close to its 52-week high of $19.30.
According to TipRanks.com, Small is a 3-star analyst with an average return of 7.3% and a 58.7% success rate. Small covers the Financial sector, focusing on stocks such as Starwood Property Trust, Walker & Dunlop, and Annaly Capital.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Granite Point Mortgage Trust Inc with a $20 average price target.
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Granite Point Mortgage Trust Inc’s market cap is currently $831M and has a P/E ratio of 15.72. The company has a Price to Book ratio of 1.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPMT in relation to earlier this year.
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Granite Point Mortgage Trust, Inc. operates as a real estate investment trust. It focuses primarily on directly originating, investing in and managing senior commercial mortgage loans and other debt, such as commercial real estate investments. The company was founded on April 7, 2017 and is headquartered in New York, NY.
