TPG RE Finance Trust (NYSE:TRTX) Director Michael Bradley Smith Buys 5,000 Shares of Company Stock

TPG RE Finance Trust, Inc. (NYSE:TRTX) Director Michael Bradley Smith acquired 5,000 shares of the company’s stock in a transaction on Friday, October 30th. The stock was acquired at an average cost of $6.52 per share, with a total value of $32,600.00. Following the completion of the purchase, the director directly owned 105,223 shares in the company, valued at approximately $686,053.96. This represents a 4.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

TPG RE Finance Trust Price Performance

Shares of TPG RE Finance Trust stock traded up $0.01 during trading hours on Tuesday, reaching $6.84. The company’s stock had a trading volume of 366,621 shares, compared to its average volume of 863,829. The firm has a 50 day moving average price of $6.76 and a 200-day moving average price of $7.99. The company has a debt-to-equity ratio of 4.05, a current ratio of 246.28 and a quick ratio of 200.26. The stock has a market cap of $519.06 million, a P/E ratio of 17.60, a P/E/G ratio of 1.48 and a beta of 1.47. TPG RE Finance Trust, Inc. has a one year low of $5.60 and a one year high of $9.35.

TPG RE Finance Trust (NYSE:TRTX) last announced its quarterly earnings results on Monday, October 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). TPG RE Finance Trust had a net margin of 13.13% and a return on equity of 5.21%. The business had revenue of $35.92 million during the quarter, compared to the consensus estimate of $37.10 million. On average, analysts predict that TPG RE Finance Trust, Inc. will post 0.88 EPS for the current year.

TPG RE Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Monday, September 28th were given a dividend of $0.24 per share. The ex-dividend date was Monday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 14.0%. TPG RE Finance Trust’s dividend payout ratio is 246.15%.

Wall Street Analyst Weigh In

TRTX has been the subject of a number of recent research reports. Weiss Ratings cut TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on TPG RE Finance Trust from $9.50 to $10.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Wells Fargo & Company lowered their price target on TPG RE Finance Trust from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Wall Street Zen upgraded TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.33.

Institutional Trading of TPG RE Finance Trust

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in TPG RE Finance Trust in the second quarter worth $54,386,000. Arrowstreet Capital Limited Partnership lifted its position in shares of TPG RE Finance Trust by 60.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 929,566 shares of the company’s stock worth $7,260,000 after purchasing an additional 350,020 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of TPG RE Finance Trust by 9.3% during the second quarter. Van ECK Associates Corp now owns 816,098 shares of the company’s stock worth $6,831,000 after purchasing an additional 69,463 shares during the last quarter. Almitas Capital LLC purchased a new stake in shares of TPG RE Finance Trust during the second quarter valued at $3,036,000. Finally, Bank of America Corp DE purchased a new stake in shares of TPG RE Finance Trust during the second quarter valued at $2,265,000. Institutional investors own 57.12% of the company’s stock.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc is a commercial real estate finance company that operates as a real estate investment trust (REIT). The company originates, acquires and manages commercial mortgage loans secured primarily by properties in the United States.

Its portfolio is focused on transitional senior loans, which finance commercial properties undergoing lease-up, renovation, redevelopment or repositioning. These loans are generally secured by institutional-quality real estate across property types such as multifamily, office, hotel, industrial and retail.

TPG RE Finance Trust was formed in 2014 and completed its initial public offering in 2017.