TPG RE Finance Trust (NYSE:TRTX) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

TPG RE Finance Trust, Inc. (NYSE:TRTX)’s share price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $6.65 and traded as low as $6.54. TPG RE Finance Trust shares last traded at $6.5560, with a volume of 1,286,544 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRTX. Citigroup reissued a “market outperform” rating on shares of TPG RE Finance Trust in a research note on Thursday, September 17th. UBS Group downgraded TPG RE Finance Trust to a “neutral” rating in a report on Thursday, September 17th. Wells Fargo & Company decreased their target price 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. Weiss Ratings cut TPG RE Finance Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Finally, Wall Street Zen raised TPG RE Finance Trust from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TPG RE Finance Trust currently has an average rating of “Hold” and a consensus price target of $9.33.

TPG RE Finance Trust Stock Down 2.7%

The company has a current ratio of 246.28, a quick ratio of 246.28 and a debt-to-equity ratio of 4.05. The firm has a market cap of $497.14 million, a PE ratio of 16.81, a P/E/G ratio of 1.54 and a beta of 1.48. The business’s 50-day simple moving average is $6.65 and its 200 day simple moving average is $7.92.

TPG RE Finance Trust (NYSE:TRTX) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate 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. As a group, equities research analysts expect that TPG RE Finance Trust, Inc. will post 0.88 earnings per share for the current year.

TPG RE Finance Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Monday, September 28th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.96 dividend on an annualized basis and a yield of 14.6%. TPG RE Finance Trust’s payout ratio is 246.15%.

Insider Buying and Selling

In related news, Director Michael Bradley Smith bought 5,000 shares of the stock in a transaction on Friday, October 30th. The stock was bought at an average price of $6.52 per share, for a total transaction of $32,600.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc raised its position in shares of TPG RE Finance Trust by 644.0% in the 3rd quarter. Versant Capital Management Inc now owns 6,532 shares of the company’s stock worth $41,000 after acquiring an additional 5,654 shares in the last quarter. Inscription Capital LLC purchased a new stake in shares of TPG RE Finance Trust during the 3rd quarter worth $63,000. Nisa Investment Advisors LLC boosted its position in TPG RE Finance Trust by 154.8% during the third quarter. Nisa Investment Advisors LLC now owns 10,342 shares of the company’s stock valued at $67,000 after purchasing an additional 6,283 shares in the last quarter. Quantbot Technologies LP bought a new stake in TPG RE Finance Trust during the second quarter valued at about $70,000. Finally, Signaturefd LLC boosted its position in TPG RE Finance Trust by 197.6% during the third quarter. Signaturefd LLC now owns 11,369 shares of the company’s stock valued at $71,000 after purchasing an additional 7,549 shares in the last quarter. 57.12% of the stock is currently owned by hedge funds and other institutional investors.

About TPG RE Finance Trust

TPG RE Finance Trust, Inc. is a commercial mortgage real estate investment trust that originates, acquires and manages commercial real estate debt investments. Its portfolio primarily consists of senior mortgage loans secured by commercial properties, along with other real estate-related debt instruments. The company focuses on institutional-quality properties in major U.S. markets, including select secondary markets. Its investments span property types such as office, multifamily, industrial, hotel and retail real estate.