The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Granite Point Mortgage Trust Inc shares valued at $22,476 were sold by DEHNE TANUJA M on Jun 09 ’25. At $2.55 per share, DEHNE TANUJA M sold 8,814 shares. The insider’s holdings dropped to 77,152 shares worth approximately $0.2 million following the completion of this transaction.
Also, KASNET STEPHEN G sold 41,666 shares, netting a total of over 106,248 in proceeds. Following the sale of shares at $2.55 each, the insider now holds 183,566 shares.
Before that, KASNET STEPHEN G had added 41,666 shares to its account. In a trade valued at $108,748, the Director bought Granite Point Mortgage Trust Inc shares for $2.61 each.
As published in a research note from Keefe Bruyette on December 10, 2024, Granite Point Mortgage Trust Inc [GPMT] has been rated up from an Underperform to a Mkt perform and the price target has been revised to $3.25 from $3. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid February. As of December 06, 2023, UBS has initiated its “Buy” rating for GPMT. Earlier on December 15, 2022, Keefe Bruyette downgraded its rating. Their new recommendation was “an Underperform” for GPMT stock which previously was a “a Mkt perform”.
Analyzing GPMT Stock Performance
On last trading session,, Granite Point Mortgage Trust Inc [NYSE: GPMT] plunged -0.39% to $2.55. The stock’s lowest price that day was $2.51, but it reached a high of $2.61 in the same session. During the last five days, there has been a surge of approximately 0.39%. Over the course of the year, Granite Point Mortgage Trust Inc shares have dropped approximately -8.60%.
Support And Resistance Levels for Granite Point Mortgage Trust Inc (GPMT)
RSI (Relative Strength Index) is 56.95 on the 14-day chart, showing neutral technical sentiment.
Is Granite Point Mortgage Trust Inc subject to short interest?
Stocks of Granite Point Mortgage Trust Inc saw a sharp rise in short interest on 2025-05-30 jumping by 0.21 million shares to 1.77 million. Data from Yahoo Finance shows that the short interest on 2025-04-30 was 1.56 million shares. A jump of 11.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.55 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.55.
Which companies own the most shares of Granite Point Mortgage Trust Inc (GPMT)?
In terms of Granite Point Mortgage Trust Inc share price expectations, FactSet research, analysts set an average price target of 3.25 in the next 12 months, up nearly 26.95% from the previous closing price of $2.56. Analysts anticipate Granite Point Mortgage Trust Inc stock to reach 3.25 by 2025, with the lowest price target being 3.25. In spite of this, 4 analysts ranked Granite Point Mortgage Trust Inc stock as Buy at the end of 2025. On May 14, 2021, Credit Suisse assigned a price target of “an Outperform” to the stock and upgraded coverage with a $15.
