While Granite Point Mortgage Trust Inc has underperformed by -2.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GPMT fell by -8.78%, with highs and lows ranging from $6.41 to $3.49, whereas the simple moving average fell by -26.15% 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’.
Analysis of Granite Point Mortgage Trust Inc (GPMT)
GPMT currently pays a dividend of $0.75 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -17.27%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Granite Point Mortgage Trust Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -12.32% is sufficient for you to turn a profit off your investment.
An average volume of 427.59K can be a very valuable indicator of volatility for GPMT stock. On a monthly basis, the volatility of the stock is set at 3.18%, whereas on a weekly basis, it is put at 5.25%, with a loss of -13.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.42, showing growth from the present price of $3.74, 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?
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 2.54%. 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 53.83% 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 53.83% at present.
