Keefe, Bruyette & Woods Reduces Price Objective on Granite Point Mortgage Trust Inc.
1 report, 1 independent
Updated Thu 00:00
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What happened
Keefe, Bruyette & Woods reduced its price objective for Granite Point Mortgage Trust Inc. on September 24, 2026. The company announced a 1-10 reverse split scheduled for October 6th. Granite Point Mortgage Trust Inc. reported ($0.79) earnings per share for the last quarter, missing analyst consensus estimates of ($0.39) by ($0.40).
From dailypolitical.com
Why it matters
The reduction in price objective by Keefe, Bruyette & Woods reflects analyst sentiment regarding Granite Point Mortgage Trust Inc.'s financial performance. The company reported a negative net margin of 73.75% and a negative return on equity of 10.25% for the quarter.
From dailypolitical.com
Who's involved
- Keefe, Bruyette & WoodsInvestment bank that reduced its price objective on Granite Point Mortgage Trust Inc.
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The entities involved
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Keefe, Bruyette & Woods
investment bank
Related events
- Multiple financial firms, including Keefe, Bruyette & Woods, Jefferies, and TD Cowen, adjusted price targets and ratings on September 24, 2026.
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- Keefe, Bruyette & Woods and Royal Bank of Canada lowered ratings and price objectives, with MarketBeat providing consensus data.
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