BlackRock Updates Granite Point Mortgage Trust Stake (Amendment 5)
Ticker: GPMT-PA · Form: SC 13G/A · Filed: Jan 8, 2024 · CIK: 1703644
| Field | Detail |
|---|---|
| Company | Granite Point Mortgage Trust Inc. (GPMT-PA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 8, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Granite Point Mortgage Trust Inc. holdings, showing its stake as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 8, 2024, indicating its ownership of Granite Point Mortgage Trust Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, updates previous disclosures about BlackRock's stake in the real estate investment trust. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future performance.
Why It Matters
This filing shows BlackRock's continued significant, albeit passive, interest in Granite Point Mortgage Trust Inc., which can influence investor perception and potentially stock stability.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor and doesn't indicate any immediate, significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this routine update doesn't provide new actionable insights beyond confirming their existing stake as of year-end 2023.
Key Numbers
- 38741L107 — CUSIP Number (identifies the common stock of Granite Point Mortgage Trust Inc.)
- 0001364742 — BlackRock Inc. CIK (Central Index Key for BlackRock Inc.)
- 0001703644 — Granite Point Mortgage Trust Inc. CIK (Central Index Key for Granite Point Mortgage Trust Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Granite Point Mortgage Trust Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 8, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 5 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as explicitly stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is Granite Point Mortgage Trust Inc., as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Granite Point Mortgage Trust Inc.' and '(Name of Issuer) GRANITE POINT MORTGAGE TRUST INC'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the securities involved?
The CUSIP number for the Common Stock of Granite Point Mortgage Trust Inc. is 38741L107, as listed under '(CUSIP Number) 38741L107'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 8, 2024 regarding Granite Point Mortgage Trust Inc. (GPMT-PA).