Keefe Bruyette Lowers Price Target for Granite Point Mortgage Trust
On May 12, Keefe Bruyette & Woods lowered its price recommendation for Granite Point Mortgage Trust (GPMT) to $1.50 from $1.65 while maintaining a Market Perform rating. The company reported a GAAP net loss of $6 million in Q1 and noted an increase in the weighted average risk rating of its loan portfolio.
Tickers: $GPMT
Topics: analyst downgrade dividend stocks stock recommendation