Purpose Unlimited Inc. Purchases Shares of 867,675 Granite Point Mortgage Trust Inc. $GPMT

Posted by Brenda Bartman on Jun 21st, 2026

Purpose Unlimited Inc. purchased a new stake in shares of Granite Point Mortgage Trust Inc. (NYSE:GPMT – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 867,675 shares of the company’s stock, valued at approximately $2,082,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Granite Point Mortgage Trust by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,442,107 shares of the company’s stock worth $7,326,000 after buying an additional 134,451 shares in the last quarter. Cura Wealth Advisors LLC boosted its stake in Granite Point Mortgage Trust by 5.4% during the fourth quarter. Cura Wealth Advisors LLC now owns 1,894,666 shares of the company’s stock valued at $4,547,000 after buying an additional 97,665 shares in the last quarter. Epiq Partners LLC boosted its stake in Granite Point Mortgage Trust by 2.4% during the third quarter. Epiq Partners LLC now owns 1,194,905 shares of the company’s stock valued at $3,585,000 after buying an additional 28,405 shares in the last quarter. Marshall Wace LLP boosted its stake in Granite Point Mortgage Trust by 9,425.4% during the second quarter. Marshall Wace LLP now owns 1,007,221 shares of the company’s stock valued at $2,488,000 after buying an additional 996,647 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Granite Point Mortgage Trust by 1,020.8% during the second quarter. Jane Street Group LLC now owns 720,441 shares of the company’s stock worth $1,779,000 after acquiring an additional 656,164 shares during the period. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GPMT has been the topic of several research reports. Compass Point set a $1.50 price target on shares of Granite Point Mortgage Trust in a research report on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Granite Point Mortgage Trust in a research report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Granite Point Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Granite Point Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $2.50.

Get Our Latest Stock Report on GPMT

Granite Point Mortgage Trust Stock Performance

NYSE GPMT opened at $1.37 on Friday. Granite Point Mortgage Trust Inc. has a 1 year low of $1.24 and a 1 year high of $3.12. The business’s fifty day moving average is $1.45 and its two-hundred day moving average is $1.86. The stock has a market capitalization of $65.79 million, a P/E ratio of -1.28 and a beta of 1.63.

Granite Point Mortgage Trust (NYSE:GPMT – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $11.22 million during the quarter, compared to analyst estimates of $7.40 million. Granite Point Mortgage Trust had a negative return on equity of 11.31% and a negative net margin of 29.82%. On average, research analysts forecast that Granite Point Mortgage Trust Inc. will post -0.69 earnings per share for the current year.

Granite Point Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 14.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Granite Point Mortgage Trust’s dividend payout ratio is currently -18.69%.

Granite Point Mortgage Trust Company Profile

(Free Report)

Granite Point Mortgage Trust, Inc is a specialty finance company that invests directly in commercial real estate debt. The company focuses on originating, acquiring and managing senior preferred and mezzanine loans secured by income-producing real estate across diverse property types, including multifamily, office, industrial and retail assets. Granite Point Mortgage Trust operates as a real estate investment trust (REIT), providing investors with exposure to floating-rate commercial mortgage loan investments.

Granite Point’s investment strategy centers on structuring loans to deliver attractive risk-adjusted returns, with portfolio allocations spanning senior loans, B-notes and mezzanine financings.