Granite Point Mortgage downgraded by Keefe Bruyette with a new price target
$GPMT
Real Estate Investment Trusts
Real Estate
Keefe Bruyette downgraded Granite Point Mortgage from Mkt Perform to Underperform and set a new price target of $6.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/20/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 12/6/2023 | $6.50 | Buy | UBS |
| 12/15/2022 | $6.00 | Mkt Perform → Underperform | Keefe Bruyette |
| 3/1/2022 | $15.00 → $14.00 | Outperform | Credit Suisse |
SC 13G/A - Granite Point Mortgage Trust Inc. (0001703644) (Subject)
SC 13G/A - Granite Point Mortgage Trust Inc. (0001703644) (Subject)
SC 13G - Granite Point Mortgage Trust Inc. (0001703644) (Subject)
4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)
4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)
4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)
JMP Securities downgraded Granite Point Mortgage from Mkt Outperform to Mkt Perform
UBS initiated coverage of Granite Point Mortgage with a rating of Buy and set a new price target of $6.50
Keefe Bruyette downgraded Granite Point Mortgage from Mkt Perform to Underperform and set a new price target of $6.00
Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that the Company's Board of Directors has appointed Hope B. Woodhouse to the Board, effective immediately. Ms. Woodhouse will serve on the Compensation Committee and the Audit Committee. Monro also announced that Frederick Michael ("Mike") Danziger has retired from the Board, effective February 3, 2023. "We appreciate the constructive dialogue with shareholders and are implementing changes to strengthen Monro and improve our corporate governance," said Robert E. Mellor, Chair of the Board and Chair of the Nominating and Corporate Responsibility Committee. "Refreshment remains a pr
Wendy Luscombe to Retire from Board as Part of Ongoing Board Refreshment Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced the appointment of Hope B. Woodhouse to the Company's Board of Trustees (the "Board") and to the Nominating and Corporate Governance Committee of the Board, effective January 10, 2023. Ms. Woodhouse is a seasoned financial executive with substantial experience in the financial services sector having spent over 25 years in executive management roles at top-ranked, global alternative asset management firms and broker dealers. From 2005 to 2009, she served as Chief Operating Officer and as a member of the management committee of Bridgewater Assoc
Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it has appointed Sheila K. McGrath as an independent member of its Board of Directors. With the addition of Ms. McGrath, the Granite Point Board comprises six directors, five of whom are independent. "Sheila is a highly respected and experienced REIT industry veteran, and we are pleased to welcome her to the Granite Point Board," said Stephen Kasnet, Chairman of the Granite Point Board of Directors. "Sheila brings significant financial acumen and more than 25 years of experience as one of the preeminent specialists covering Real Estate Investment Trusts. We look forward to benefiti
Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com. "Our third quarter results are highlighted by multiple nonaccrual loan resolutions, produced by our active portfolio management strategy, and accretive share buybacks," said Jack Taylor, President and Chief Executive Officer of Granite Point. "This forward momentum has continued with over $280 million of nonaccrual loans that already have been or are
Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended September 30, 2024, after market close on November 6, 2024. The Company will host a conference call to review the financial results on November 7, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section unde
Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the third quarter of 2024. This dividend is payable on October 15, 2024, to holders of record of common stock at the close of business on October 1, 2024. The Company's Board of Directors also declared a quarterly cash dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the third quarter of 2024. This dividend is payable on October 15, 2024, to the holders of record of the Series A Preferred Stock at the close of
Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending September 30, 2024, and provided an update on its activities subsequent to quarter-end. An earnings supplemental containing third quarter 2024 financial results can be viewed at www.gpmtreit.com. "Our third quarter results are highlighted by multiple nonaccrual loan resolutions, produced by our active portfolio management strategy, and accretive share buybacks," said Jack Taylor, President and Chief Executive Officer of Granite Point. "This forward momentum has continued with over $280 million of nonaccrual loans that already have been or are
Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that it will release financial results for the quarter ended September 30, 2024, after market close on November 6, 2024. The Company will host a conference call to review the financial results on November 7, 2024, at 11:00 a.m. ET. To participate in the teleconference, approximately 10 minutes prior to the above start time please call toll-free (877) 407-8031, (or (201) 689-8031 for international callers) and ask to be joined into the Granite Point Mortgage Trust Inc. call. You may also listen to the teleconference live via the Internet at www.gpmtreit.com, in the Investors section unde
Granite Point Mortgage Trust Inc. (NYSE:GPMT) ("GPMT," "Granite Point" or the "Company") today announced that the Company's Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock for the third quarter of 2024. This dividend is payable on October 15, 2024, to holders of record of common stock at the close of business on October 1, 2024. The Company's Board of Directors also declared a quarterly cash dividend of $0.4375 per share of the 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the third quarter of 2024. This dividend is payable on October 15, 2024, to the holders of record of the Series A Preferred Stock at the close of
10-Q - Granite Point Mortgage Trust Inc. (0001703644) (Filer)
8-K - Granite Point Mortgage Trust Inc. (0001703644) (Filer)
8-K - Granite Point Mortgage Trust Inc. (0001703644) (Filer)
4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)
4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)
4 - Granite Point Mortgage Trust Inc. (0001703644) (Issuer)
Keefe, Bruyette & Woods analyst Jade Rahmani maintains Granite Point Mortgage (NYSE:GPMT) with a Underperform and lowers the price target from $3.85 to $3.25.
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Fundamental Global Inc. (NASDAQ:FGF) On May 14, the company said revenue increased 11.2% to $11.1 million for the first quarter