Granite Point Mortgage Trust (NYSE:GPMT) saw its price target raised by UBS Group from $3.50 to $4.00, indicating a potential upside of 21.95%, while Keefe, Bruyette & Woods set a lower target of $3.00 with an "underperform" rating. The stock traded down 2.1% to $3.28, with significant institutional investment activity noted in the first quarter. The company specializes in senior floating-rate commercial mortgage loans and transitional financing in the U.S.
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