Granite Level Mortgage Belief (NYSE: GPMT – Get a rating) was downgraded by analysts at Keefe, Bruyette & Woods from a “market performing” ranking to an “underperforming” ranking in a analysis observe launched Thursday, Fly reviews.
Quite a few different analysts have additionally just lately weighed in on the inventory. Credit score Suisse Group minimize its worth goal on shares of Granite Level Mortgage Belief to $10.00 in a Thursday, October 13 report. Raymond James lowered his worth goal on Granite Level Mortgage Belief from $10.00 to $9.00 and set an “outperform” ranking for the corporate in a analysis observe on Friday, November 11. Lastly, JMP Securities minimize its goal worth on Granite Level Mortgage Belief from $12.00 to $10.00 and set a “market outperformance” ranking on the inventory in a report launched Tuesday. One analyst has rated the inventory with a promote ranking and three have assigned the inventory a purchase ranking. In accordance with MarketBeat knowledge, Granite Level Mortgage Belief has a mean ranking of “Average Purchase” and a consensus worth goal of $9.67.
Granite Level Mortgage Belief Inventory Efficiency
GPMT opened at $6.54 on Thursday. The inventory has a 50-day transferring common of $6.64 and a 200-day transferring common of $8.55. Granite Level Mortgage Belief has a 52-week low of $5.45 and a 52-week excessive of $12.33. The corporate has a market capitalization of $342.38 million, a PE ratio of -8.84 and a beta of 1.46.
Institutional entries and exits
Quite a few hedge funds and different institutional traders have just lately modified their holdings within the firm. Financial institution of New York Mellon Corp elevated its stake in Granite Level Mortgage Belief by 4.4% within the third quarter. Financial institution of New York Mellon Corp now owns 519,694 shares of the corporate valued at $3,347,000 after buying an extra 21,701 shares through the interval. The Kentucky State Lecturers’ Retirement System bought a brand new place in Granite Level Mortgage Belief throughout Q3 for $118,000. Balyasny Asset Administration LLC elevated its stake in Granite Level Mortgage Belief by 241.3% within the third quarter. Balyasny Asset Administration LLC now owns 585,278 shares of the corporate valued at $3,769,000 after buying an extra 413,776 shares final quarter. Alliancebernstein LP raised its place in shares of Granite Level Mortgage Belief by 12.9% within the third quarter. Alliancebernstein LP now owns 33,613 shares of the corporate valued at $216,000 after buying an extra 3,829 shares final quarter. Lastly, Value T Rowe Associates Inc. MD elevated its stake in Granite Level Mortgage Belief by 26.2% through the third quarter. Value T Rowe Associates Inc. MD now owns 52,071 shares of the corporate value $336,000 after buying an extra 10,800 shares within the final quarter. Institutional traders maintain 62.18% of the corporate’s shares.
About Granite Level Mortgage Belief
Granite Level Mortgage Belief Inc, an actual property funding belief, originates, invests in and manages variable price business first mortgages and different debt and debt-like business actual property investments in the USA. The corporate supplies medium-term bridging or transitional financing for quite a lot of functions, together with acquisitions, recapitalizations and refinancings, in addition to a spread of enterprise plans, together with leasing, renovation, repositioning and repurposing business property.
Featured Articles
This on the spot information alert was powered by MarketBeat’s narrative science expertise and monetary knowledge to offer readers with the quickest and most correct reviews. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship questions or feedback about this story to [email protected].
Earlier than you take into account Granite Level Mortgage Belief, you will need to hear this.
MarketBeat tracks day by day the best rated and most profitable analysis analysts on Wall Avenue and the shares they suggest to their shoppers. MarketBeat has recognized the five stocks that high analysts are quietly whispering to their shoppers to purchase now earlier than the market spreads…and Granite Level Mortgage Belief was not on the record.
Though Granite Level Mortgage Belief presently has a “Purchase” ranking amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
#Keefe #Bruyette #Woods #downgrade #Granite #Level #Mortgage #Belief #NYSE #GPMT #underperforming