While Granite Point Mortgage Trust Inc has overperformed by 6.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GPMT fell by -44.71%, with highs and lows ranging from $6.41 to $2.46, whereas the simple moving average fell by -28.06% in the last 200 days.
On February 20, 2024, JMP Securities Downgraded Granite Point Mortgage Trust Inc (NYSE: GPMT) to Mkt Perform. A report published by UBS on December 06, 2023, Initiated its previous ‘Buy’ rating for GPMT. Keefe Bruyette also Downgraded GPMT shares as ‘Underperform’, setting a target price of $6 on the company’s shares in a report dated December 15, 2022. Credit Suisse May 14, 2021d the rating to Outperform on May 14, 2021, and set its price target from $12 to $15. JMP Securities March 26, 2020d its ‘Mkt Perform’ rating to ‘Mkt Outperform’ for GPMT, as published in its report on March 26, 2020. Credit Suisse’s report from January 08, 2020 suggests a price prediction of $18 for GPMT shares, giving the stock a ‘Neutral’ rating. JMP Securities also rated the stock as ‘Mkt Perform’.
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Analysis of Granite Point Mortgage Trust Inc (GPMT)
The current dividend for GPMT investors is set at $0.60 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -28.43%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Granite Point Mortgage Trust Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -21.24% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and GPMT is recording an average volume of 437.26K. On a monthly basis, the volatility of the stock is set at 4.65%, whereas on a weekly basis, it is put at 6.03%, with a gain of 13.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.25, showing growth from the present price of $2.98, which can serve as yet another indication of whether GPMT is worth investing in or should be passed over.
How Do You Analyze Granite Point Mortgage Trust Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 52.84% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GPMT shares are owned by institutional investors to the tune of 52.84% at present.
